Global Ship Building And Repairing Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Ship Building And Repairing Market Report by The Business Research Company covers shipbuilding and repairing market drivers and restraints, shipbuilding and repairing market size, major players, and the impact of COVID-19 on the shipbuilding and repairing market.
The shipbuilding and repairing market consists of sales of ships and shipbuilding and repairing services by entities (organizations, sole traders and partnerships) that are engaged in operating shipyards. Shipyards are fixed facilities with dry-docks and fabrication equipment capable of building a ship, defined as watercraft not typically suitable or intended for personal or recreational use. Ship building, which is also referred to as ship construction, includes 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 global shipbuilding and repairing market reached a value of nearly $191.91 billion in 2019, having increased at a compound annual growth rate (CAGR) of 0.9% since 2015. The market is expected to decrease from $191.91 billion in 2019 to $177.81 billion in 2020 at a rate of -0.01%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 3.06% from 2021 and reach $191.90 billion in 2023.
The shipbuilding and repairing market is expected to be driven in the forecast period by the growing demand for e-commerce. Several factors such as urbanization, increased mobile and internet penetration, availability of a wide range of products online, and a rise in online marketing increased the market for e-commerce, thus driving the market for shipbuilding and repairing.
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Some shipbuilding and repairing market trends include adoption of environmentally friendly ship repairing technologies and increasingly using green shipbuilding technologies to comply with environmental rules and regulations.
Global shipbuilding and repairing market segments include:
1) By Type Of Service: Ship Building, Ship Repairing
2) By Type Of Vessel: Passenger, Offshore, Containerships, Tankers, Refrigerated Vessels, Bulkers, Others
3) By End-Use: Goods Transportation, Passenger Transportation
4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Ship Building And Repairing Global Market Report 2021: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides shipbuilding and repairing market overviews, analyzes and forecasts market size, share, shipbuilding and repairing market players, shipbuilding and repairing market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The shipbuilding and repairing 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: Forecast 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, Samsung Heavy Industries Co., Ltd., Daewoo Shipbuilding & Marine Engineering Co Ltd., Fincantieri S.p.A., General Dynamics Corporation
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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