About Shipbuilding
Shipbuilding industry has played a major role in trading. Due to increasing globalization demand and easy to movement of raw materials, components and finished product across the world’s waterways. The adoption of 3D printing technology in shipbuilding industry, in order to improve efficiencies and quality of the manufactured part. With rapid liberalization and industrialization of economies are the notable factors propelling trade volumes between two countries.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Global Ship Building Repairing Services is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that Korean, Japanese, Chinese and United States Manufacturers will contribute the maximum growth to Global Shipbuilding market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mitsubishi (Japan), Hyundai (South Korea), STX Offshore & Shipbuilding (South Korea), DSME (South Korea), Samsung Heavy Industrial (South Korea), Sumitomo Heavy Industries (Japan), HHIC Holdings (South Korea), Nassco (United States), Bay Shipbuilding (United States), NNS (United States) and China State Shipbuilding Corporation (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are HKF (Hong Kong), CIMC RAFFLES (China) and China Shipbuilding Industry Corporation (China).
Segmentation Overview
AMA Research has segmented the market of Global Shipbuilding market by Type (Container Ships, Bulk Carrier, Tanker Ships, Passenger Ships, Naval Ships, Fishing Vessels, Special Purpose Ships, High-Speed Craft and Dredgers) and Region.
On the basis of geography, the market of Shipbuilding 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). If we see Market by Size, the sub-segment i.e. Less than 50 m will boost the Shipbuilding market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Cargo/Passenger Transport will boost the Shipbuilding market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of 3D printing in shipbuilding in order to improve efficiencies and quality and Deployment of AI and digitalization to provide more efficient and less harmful seaborne systems
Market Growth Drivers:
Increasing seaborne trade and economic growth and Surging adoption of eco-friendly ships and shipping services in developed economies
Challenges:
Risk of cyber breaches and environmental regulations
Restraints:
Rising global trade war and territorial expansionism
Opportunities:
Rising demand for LNG fueled engine
In March 2021, Damen Group has launched a division of Financial Services. The services help clients in the financing of new ships by operational and financial lease constructions.
The shipping industry is principally regulated by the International Maritime Organization (IMO), which is the London based United Nations agency responsible for the safety of life at sea and the protection of the marine environment. The International Labour Organisation (ILO) is also responsible for the development of labour standards applicable to seafarers worldwide.
Key Target Audience
Ship Building Repairing Services Providers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.