Learn about the global ship building and repairing market through The Business Research Company, which provides information on ship building and repairing market size, ship building and repairing market drivers and restraints, ship building and repairing market players, the COVID-19 impact on the ship building and repairing market, and more.

The global shipbuilding and repairing market size is expected to grow from $208.25 billion in 2021 to $227.54 billion in 2022 at a compound annual growth rate (CAGR) of 9.3%. The global ship building and repairing market is then expected to grow to $316.84 billion in 2026 at a CAGR of 8.6%.

The shipbuilding and repairing market is aided by stable economic growth forecasted in many developed and developing countries.

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The shipbuilding and repairing market consists of sales of ships and shipbuilding 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 the prefabricated ship and barge sections, and specialized services, such as ship scaling.

Global Ship Building And Repairing Market Segments Include:

By Type: Shipbuilding, Ship Repairing

By Application: General Services, Dockage, Hull Part, Engine Parts, Electric Works, Auxiliary Services

By End-User: Transport Companies, Military, Others

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 was the largest region in the shipbuilding and repairing market in 2021.

Shipbuilding 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, sulfur 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.

TBRC’s ship building and repairing market report covers:

Major Market Players: Samsung Heavy Industries Co Ltd, Daewoo Shipbuilding & Marine Engineering, General Dynamics, Huntington Ingalls Industries, China Shipbuilding Industry Corp, China CSSC Holdings Limited, Fincantieri SpA, BRUNSWICK CORPORATION, Mitsubishi Heavy Industries Ltd, and Austal.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Ship Building And Repairing Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 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, leading competitor revenues, profiles and market shares.

TBRC’s 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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