The Global Ship Repairing Market Report by The Business Research Company covers ship repairing market drivers and restraints, ship repairing market size, major players, and the impact of COVID-19 on the ship repairing market.

The ship repairing market consists of sales of repairing and maintenance 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.

The global ship repairing market reached a value of nearly $32.49 billion in 2019, having increased at a compound annual growth rate (CAGR) of 1.3% since 2015. The market is expected to decline from $32.49 billion in 2019 to $30.1 billion in 2020 at a rate of -7.4%. 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 3.3% from 2021 ad reach $32.69 billion in 2023. The market is expected to reach $35.69 billion by 2025, and $43.50 billion by 2030.

The ship 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 positively impacting the market for repairing.

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Some ship repairing market trends include adoption of environmentally friendly ship repairing technologies and increasingly integrating internet of things (IoT) technology in the real time detection and monitoring of ships.

Global ship repairing market segments include:

1) By Vessel Type: Bulkers, Tankers, Container Ships, Passenger, Refrigerated Vessels, Offshore, Others

2) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Ship Repairing Global Market Report 2021: COVID-19 Impact and Recovery To 2030 At:

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The Ship 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 repairing market overviews, analyzes and forecasts market size, share, ship repairing market players, ship repairing market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The ship repairing identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Ship 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: Sembcorp Marine Ltd, United Shipbuilding Corporation, Fincantieri S.p.A., China Shipbuilding Industry Corporation, Imabari Shipbuilding Co., Ltd.

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 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 Repairing Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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