The Global Ship Building And Repairing Market Report by The Business Research Company covers ship building and repairing market drivers and restraints, ship building and repairing market size, major players, and the impact of COVID-19 on the ship building and repairing market.
The ship building and repairing market consists of sales of ships and ship building and repairing services and related services by entities (organizations, sole traders and partnerships) that operate shipyards. Shipyards are fixed facilities with drydocks and fabrication equipment capable of building a ship, defined as watercraft typically suitable or intended for other than personal or recreational use. The activities of shipyards include the construction of ships, their repair, conversion and alteration, the production of prefabricated ship and barge sections, and specialized services, such as ship scaling. The ship building and repairing market is segmented into ship building and ship repairing.
The ship building and repairing market is aided by stable economic growth forecasted in many developed and developing countries.
The global shipbuilding and repairing market is expected to grow from $178.14 billion in 2020 to $190.47 billion in 2021 at a compound annual growth rate (CAGR) of 6.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $225.64 billion in 2025 at a CAGR of 4%.
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Some ship building and repairing market trends include shipbuilding companies around the world increasingly using green shipbuilding technologies to comply with environmental rules and regulations. Technologies being used for shipbuilding include ships with no ballast systems that block organisms entering the ship and eliminate the need for sterilization equipment, sulphur scrubber systems, waste heat recovery systems, speed nozzles, exhaust gas recirculation systems, advanced rudder and propeller systems, fuel and solar cell propulsion systems and use of LNG fuels for propulsion and auxiliary engines. Ships built using these technologies have significant energy savings and low carbon emissions.
Global ship building and repairing market segments include:
1) By Type: Ship Building, Ship Repairing.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global ship building and repairing market share.
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The Ship Building And Repairing Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides ship building and repairing market overviews, analyzes and forecasts market size, share, ship building and repairing market players, ship building and repairing market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The ship building and repairing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Ship Building And Repairing Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co Ltd, Samsung Heavy Industries, Mitsubishi Heavy Industries.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The ship building and repairing Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The ship building and repairing Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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