Industry Background:
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 | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
This growth is primarily driven by Increasing seaborne trade and economic growth and Surging adoption of eco-friendly ships and shipping services in developed economies.
Globally, a noticeable market trend is evident Adoption of 3D printing in shipbuilding in order to improve efficiencies and quality
Major Manufacturers, such as 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), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
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.
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
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Shipbuilding Market
- Analysis about New Entrants in Shipbuilding Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Shipbuilding Study Sheds Light on
The Shipbuilding Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Shipbuilding industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Shipbuilding industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.