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

 The shipbuilding market consists of sales of ships and related services by entities (organizations, sole traders, and partnerships) that operate shipyards. Shipyards are fixed amenities with fabrication and drydocks equipment capable of building a ship, defined as watercraft typically suitable or intended for purposes other than personal or recreational use. Only goods and services traded between entities or sold to end consumers are included.

The global shipbuilding market reached a value of nearly $147,851.4 million in 2020, having decreased at a compound annual growth rate (CAGR) of -0.9% since 2015. The market is expected to grow from $147,851.4 million in 2020 to $186,713.4 million in 2025 at a rate of 4.8%. The shipbuilding market is then expected to grow at a CAGR of 3.5% from 2025 and reach $222,281.3 million in 2030.

The shipbuilding market benefited from the rise in global population during the historic period, as the demand for transport equipment including ships increased in most of the countries. The global population increased from 7.3 billion in 2015 to 7.7 billion in 2019. This increased the demand for transportation including transportation through ships and an increased demand for transportation of goods. Thus, upsurge in demand in ships due to growth in population drove the global shipbuilding market during the historic period.

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Some shipbuilding market trends include investing in artificial intelligence (AI) driven operating systems to increase efficiency. Moreover, companies around the world are 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.

Global shipbuilding market segments include:

1) By Product: Bulkers, Tankers, Containers, Cruise And Ferry, Others.

2) By Application: Passenger Transportation, Goods Transportation

3) By End-User: Logistics Companies, Cruise Operators, Other End-Users.

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 Global Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides shipbuilding market overviews, analyzes and forecasts market size, share, shipbuilding market players, shipbuilding market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

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

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Read Ship Building Global Opportunities And Strategies: 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: Korea Shipbuilding & Offshore Engineering Co. Ltd., Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co Ltd., Fincantieri S.p.A., 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 Building 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 Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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