What is Ship & Boat Building and Maintenance Market?
Shipbuilding is the construction of ships and other floating vessels. Shipbuilding and ship repairs, both commercial and military, are referred to as naval engineering. The construction of boats is a similar activity called boat building. The dismantling of ships is called ship breaking. Shipbuilding is the business of building large ocean-going vessels usually of steel.
The market study is being classified by Type (Ship & Boat Construction, Ship & Boat Maintenance, Ship & Boat Conversion and Alteration, Prefabricated Ship and Specialized Services), by Application (Private Use, Commercial Use and Military Use) and major geographies with country level break-up.
Hyundai Heavy Industries (South Korea), Mitsubishi Heavy Industries (Japan), Samsung Heavy Industries (South Korea), General Dynamics (United States), China Shipbuilding Industry Corporation (China), China State Shipbuilding Corporation (China), Hanjin Heavy Industries (China), Sumitomo Heavy Industries (Japan), Safehaven Marine (Ireland), Wight Shipyard (United Kingdom) and Rodman Polyships SAU (Spain) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Ship & Boat Building and Maintenance market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Ship & Boat Building and Maintenance market by Type, Application and Region.
On the basis of geography, the market of Ship & Boat Building and Maintenance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Benefits of Ship and Boat Building and Maintenance
Market Trend
- Technological Advancements
Restraints
- High Costs Associated with Repair and Maintenance
Opportunities
- Increasing Trade Activities as Well as Tourism
Challenges
- Stiff Competition Among the Major Players
Key Target Audience
Ship Manufacturers, Raw material suppliers, Government associations, Research organizations and Others