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

The global shipbuilding market size is expected to grow from $178.52 billion in 2021 to $194.34 billion in 2022 at a compound annual growth rate (CAGR) of 8.9%. The global shipbuilding market is expected to grow to $266.64 billion in 2026 at a CAGR of 8.2%.

The increasing seaborne trade is predicted to contribute to the growth of the shipbuilding market.

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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 other than personal or recreational use. Only goods and services traded between entities or sold to end consumers are included.

Global Ship Building Market Segments Include:

By Product: Bulkers, Tankers, Containers, Cruise and Ferry, Others

By Application: Passenger Transportation, Goods Transportation

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 market in 2021.

The use of 3D printing technology in shipbuilding is a leading trend being observed in the shipbuilding market in recent years. 3D printing, also known as additive manufacturing, is gaining popularity in every sector connected to manufacturing and engineering, including shipbuilding. The companies operating in the shipbuilding market are collaborating with other players in the industry to adopt advanced manufacturing technologies including 3D printing to enhance their manufacturing capabilities.

TBRC’s ship building market report covers:

Major Market Players: Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co Ltd, Mitsubishi Heavy Industries, Samsung Heavy Industries, BAE Systems Plc, Sumitomo Heavy Industries Ltd, Damen Shipyards Group, Fincantieri Spa, General Dynamics Corp, and Huntington Ingalls Industries Inc.

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 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 market overviews, analyzes and forecasts market size, share, ship building market players, ship building market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s ship building market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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