Ship Building Market

Global Ship Building Market Size, Trends & Analysis - Forecasts to 2028 By End Use (Transport and Military), By Type (Oil Tankers, Bulk Carriers, General Cargo Ships, Container Ships, Passenger Ships, and Others), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

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This report was recently updated on April 19 2024 with the latest and most recent market numbers

Global Ship Building Market Size

The global ship building market is expected to grow at a CAGR of 3.5% from 2023 to 2028. The global shipbuilding market includes the development and building of a variety of ships, such as cargo ships, tankers, and passenger vessels. It is a significant sector within the global maritime industry, influenced by factors such as international trade, economic trends, and technological advancements. Key players in this market include major shipbuilding companies and associated supply chain businesses. With the growing demand for eco-friendly and technologically advanced vessels, the market continues to evolve, driven by increasing international trade, offshore exploration, and the rising need for specialized vessels for various industrial purposes.

Various factors drive the global ship building market growth. The expansion of international trade necessitates an efficient and reliable transportation system, with shipping being a vital component. As globalization continues to connect economies worldwide, the demand for new vessels, especially container ships and bulk carriers, increases to facilitate the movement of goods across borders. With the ongoing exploration and development of offshore oil and gas reserves, the need for specialized vessels such as offshore support vessels, drilling rigs, and floating production storage and offloading (FPSO) units is rising. The expansion of offshore energy exploration activities in various parts of the world directly stimulates demand for sophisticated vessels tailored to these specific operations. Various industries, including the liquefied natural gas (LNG) and cruise sectors, require specialized vessels designed to meet their unique transportation and operational needs. This demand is fuelled by factors such as the increasing global consumption of natural gas, the rising popularity of luxury cruises, and the growing interest in eco-friendly and sustainable tourism.

Despite its immense potential, the global ship building market faces several notable constraints. The industry's susceptibility to economic cycles and fluctuations in global trade can lead to periods of overcapacity, particularly when shipbuilding capacity surpasses the demand for new vessels. During such periods, shipbuilders may face reduced orders, lower profit margins, and financial difficulties, leading to downsizing and potential closures of facilities. Shipbuilding is a capital-intensive industry that demands significant investments in infrastructure, technology, and skilled labour. Lengthy construction periods, coupled with the high costs of raw materials and components, can strain the financial resources of shipbuilding companies, especially during economic downturns when access to capital becomes more challenging.

global ship building market

Global Ship Building Market: By End Use

On the basis of end use, the market is segmented into transport and military. The transport segment is expected to dominate the market during the forecast period. With the surge in global trade activities and the need for reliable shipping services, the transport segment remains at the forefront. The continuous growth of industries reliant on the movement of bulk commodities and finished products, coupled with the expansion of e-commerce and global supply chains, further amplifies the significance of this segment in the shipbuilding industry.

The military segment is expected to be the fastest-growing segment in the global ship building market during the forecast period. Governments are prioritizing the modernization and expansion of their naval fleets to enhance maritime security and defence capabilities. The demand for advanced warships, submarines, and support vessels equipped with state-of-the-art technology, including missile defence systems and electronic warfare capabilities, is driving rapid growth in the military shipbuilding sector.

Global Ship Building Market: By Type

On the basis of type, the market is segmented into oil tankers, bulk carriers, general cargo ships, container ships, passenger ships, and others. The oil tankers segment is expected to be the largest segment during the forecast period. As oil remains a primary energy source for various industries, the demand for efficient and specialized vessels for transporting crude oil and petroleum products remains consistently high. Moreover, the continual growth in global energy consumption, coupled with the need to transport oil across long distances, fuels the demand for large-capacity and technologically advanced oil tankers, making it the largest segment in the industry.

The bulk carriers’ segment is expected to be the fastest-growing segment in the global ship building market over the forecast period due to the persistent demand for efficient transportation of bulk commodities, such as iron ore, coal, and grain, across global trade routes. The continuous expansion of mining and agricultural activities, especially in emerging economies, drives the need for larger and more specialized bulk carriers. Additionally, the segment's relative simplicity in design and construction compared to other specialized vessel types allows for quicker construction timelines and relatively lower costs, contributing to its rapid growth.

asia pacific ship building market

Global Ship Building Market: By Region

North America is analysed to be the region with the largest share in the global ship building market during the forecast period, owing to the  region's increasing demand for specialized vessels, particularly in the offshore energy sector. Moreover, the presence of major shipbuilding companies such as General Dynamics Corp, advanced technological capabilities, and a strong focus on innovation and environmental sustainability contribute to the region's dominance. Additionally, favourable government policies and investments in research and development further bolster the North America’s leading position in the global ship building market.

Asia Pacific is projected to be the fastest-growing region across the global ship building market over the forecast period. Primarily, the region benefits from a robust manufacturing infrastructure, skilled labour force, and competitive production costs. Additionally, the presence of major shipbuilding nations such as China, South Korea, and Japan drives the regional market growth. These countries possess advanced technological capabilities, catering to domestic and international demand. Furthermore, increasing regional trade activities and the growing demand for energy and natural resources contribute to the region's rapid expansion in the shipbuilding sector.

Global Ship Building Market Share and Competitor Analysis

Key players operating in the global ship building market include BAE Systems, Damen Shipyards, Fincantieri Group, General Dynamics Corp., Huntington Ingalls industries, Korea Shipbuilding & Offshore Engineering, Samsung Heavy Industries, and Sumitomo Heavy Industries, among others.

Please note: This is not an exhaustive list of companies profiled in the report.

Global Ship Building Market: Recent Developments

In February 2022, Daewoo Shipbuilding & Marine Engineering Co. received orders worth KRW 1.8 trillion (USD 1.5 billion) from Europe, including two liquefied natural gas carriers for Maran Gas Maritime Inc. and six container ships for an unidentified European shipper, according to a report by Mordor Intelligence.

In December 2021, China State Shipbuilding Corporation (CSSC) announced a series of vessel newbuilding and equipment orders worth USD 1.9 billion, consisting of eight vessel construction contracts and eight marine equipment project contracts.

 

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1   Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2   Global Market Estimates' View

1.3   Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4   Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market OpportunIties: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL SHIP BUILDING MARKET, BY END USE

4.1   Introduction

4.2   Global Ship Building Market: End Use Scope Key Takeaways

4.3   Revenue Growth Analysis, 2022 & 2028

4.4   Transport

4.4.1        Transport  Market Estimates and Forecast, 2020-2028 (USD Billion)

4.5   Military

4.5.1        Military Market Estimates and Forecast, 2020-2028 (USD Billion)

5          GLOBAL SHIP BUILDING MARKET, BY TYPE

5.1   Introduction

5.2   Global Ship Building Market: Type Scope Key Takeaways

5.3   Revenue Growth Analysis, 2022 & 2028

5.4   Oil Tankers  

5.4.1        Oil Tankers Market Estimates And Forecast, 2020-2028 (USD Billion)

5.5   Bulk Carriers  

5.5.1        Bulk Carriers  Market Estimates And Forecast, 2020-2028 (USD Billion)

5.6   General Cargo Ships  

5.6.1        General Cargo Ships Market Estimates And Forecast, 2020-2028 (USD Billion)

5.7   Container Ships  

5.7.1        Container Ships Market Estimates And Forecast, 2020-2028 (USD Billion)

5.8   Passenger Ships  

5.8.1        Passenger Ships Market Estimates And Forecast, 2020-2028 (USD Billion)

5.9   Other Types  

5.9.1        Other Types Market Estimates And Forecast, 2020-2028 (USD Billion)

6          GLOBAL SHIP BUILDING MARKET, BY REGION

6.1   Introduction

6.2   North America Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.2.1        By End Use

6.2.2        By Type

6.2.3        By Country

6.2.3.1     U.S. Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.2.3.1.1        By End Use

6.2.3.1.2        By Type

6.2.3.2     Canada Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.2.3.2.1        By End Use

6.2.3.2.2        By Type

6.2.3.3     Mexico Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.2.3.3.1        By End Use

6.2.3.3.2        By Type

6.3   Europe Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.3.1        By End Use

6.3.2        By Type

6.3.3        By Country

6.3.3.1     Germany Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.3.3.1.1        By End Use

6.3.3.1.2        By Type

6.3.3.2     U.K. Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.3.3.2.1        By End Use

6.3.3.2.2        By Type

6.3.3.3     France Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.3.3.3.1        By End Use

6.3.3.3.2        By Type

6.3.3.4     Italy Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.3.3.4.1        By End Use

6.3.3.4.2        By Type

6.3.3.5     Spain Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.3.3.5.1        By End Use

6.3.3.5.2        By Type

6.3.3.6     Netherlands Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.3.3.6.1        By End Use

6.3.3.6.2        By Type

6.3.3.7     Rest of Europe Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.3.3.6.1        By End Use

6.3.3.6.2        By Type

6.4   Asia Pacific Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.1        By End Use

6.4.2        By Type

6.4.3        By Country

6.4.3.1     China Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.1.1        By End Use

6.4.3.1.2        By Type

6.4.3.2     Japan Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.2.1        By End Use

6.4.3.2.2        By Type

6.4.3.3     India Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.3.1        By End Use

6.4.3.3.2        By Type

6.4.3.4     South Korea Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.4.1        By End Use

6.4.3.4.2        By Type

6.4.3.5     Singapore Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.5.1        By End Use

6.4.3.5.2        By Type

6.4.3.6     Malaysia Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.6.1        By End Use

6.4.3.6.2        By Type

6.4.3.7     Thailand Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.6.1        By End Use

6.4.3.6.2        By Type

6.4.3.8     Indonesia Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.7.1        By End Use

6.4.3.7.2        By Type

6.4.3.9     Vietnam Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.8.1        By End Use

6.4.3.8.2        By Type

6.4.3.10  Taiwan Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.10.1 By End Use

6.4.3.10.2 By Type

6.4.3.11  Rest of Asia Pacific Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.11.1 By End Use

6.4.3.11.2 By Type

6.5   Middle East and Africa Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.5.1        By End Use

6.5.2        By Type

6.5.3        By Country

6.5.3.1     Saudi Arabia Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.5.3.1.1        By End Use

6.5.3.1.2        By Type

6.5.3.2     U.A.E. Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.5.3.2.1        By End Use

6.5.3.2.2        By Type

6.5.3.3     Israel Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.5.3.3.1        By End Use

6.5.3.3.2        By Type

6.5.3.4     South Africa Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.5.3.4.1        By End Use

6.5.3.4.2        By Type

6.5.3.5     Rest of Middle East and Africa Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.5.3.5.1        By End Use

6.5.3.5.2        By Type

6.6   Central and South America Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.6.1        By End Use

6.6.2        By Type

6.6.3        By Country

6.6.3.1     Brazil Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.6.3.1.1        By End Use

6.6.3.1.2        By Type

6.6.3.2     Argentina Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.6.3.2.1        By End Use

6.6.3.2.2        By Type

6.6.3.3     Chile Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.6.3.3.1        By End Use

6.6.3.3.2        By Type

6.6.3.3     Rest of Central and South America Ship Building Market Estimates and Forecast, 2020-2028 (USD Billion)

6.6.3.3.1        By End Use

6.6.3.3.2        By Type

7          COMPETITIVE LANDCAPE

7.1   Company Market Share Analysis

7.2   Four Quadrant Positioning Matrix

7.2.1        Market Leaders

7.2.2        Market Visionaries

7.2.3        Market Challengers

7.2.4        Niche Market Players

7.3   Vendor Landscape

7.3.1        North America

7.3.2        Europe

7.3.3        Asia Pacific

7.3.4        Rest of the World

7.4   Company Profiles  

7.4.1        Oshima Shipbuilding  

7.4.1.1 Business Description & Financial Analysis

7.4.1.2 SWOT Analysis

7.4.1.3 Products & Services Offered

7.4.1.4 Strategic Alliances between Business Partners

7.4.2        Mitsubishi

7.4.2.1 Business Description & Financial Analysis

7.4.2.2 SWOT Analysis

7.4.2.3 Products & Services Offered

7.4.2.4 Strategic Alliances between Business Partners

7.4.3        BAE Systems

7.4.3.1 Business Description & Financial Analysis

7.4.3.2 SWOT Analysis

7.4.3.3 Products & Services Offered

7.4.3.4 Strategic Alliances between Business Partners

7.4.4        Damen Shipyards

7.4.4.1 Business Description & Financial Analysis

7.4.4.2 SWOT Analysis

7.4.4.3 Products & Services Offered

7.4.4.4 Strategic Alliances between Business Partners

7.4.5        Fincantieri Group

7.4.5.1 Business Description & Financial Analysis

7.4.5.2 SWOT Analysis

7.4.5.3 Products & Services Offered

7.4.5.4 Strategic Alliances between Business Partners

7.4.6        General Dynamics Corp.

7.4.6.1 Business Description & Financial Analysis

7.4.6.2 SWOT Analysis

7.4.6.3 Products & Services Offered

7.4.6.4 Strategic Alliances between Business Partners

7.4.7        Huntington Ingalls industries  

7.4.7.1 Business Description & Financial Analysis

7.4.7.2 SWOT Analysis

7.4.7.3 Products & Services Offered

7.4.7.4 Strategic Alliances between Business Partners

7.4.8        Korea Shipbuilding & Offshore Engineering

7.4.8.1 Business Description & Financial Analysis

7.4.8.2 SWOT Analysis

7.4.8.3 Products & Services Offered

7.4.8.4 Strategic Alliances between Business Partners

7.4.9        Other Companies

7.4.9.1 Business Description & Financial Analysis

7.4.9.2 SWOT Analysis

7.4.9.3 Products & Services Offered

7.4.9.4 Strategic Alliances between Business Partners

8          RESEARCH METHODOLOGY

8.1   Market Introduction

8.1.1        Market Definition

8.1.2        Market Scope & Segmentation

8.2   Information Procurement

8.2.1        Secondary Research

8.2.1.1 Purchased Databases

8.2.1.2 GMEs Internal Data Repository

8.2.1.3 Secondary Resources & Third Party Perspectives

8.2.1.4 Company Information Sources

8.2.2        Primary Research

8.2.2.1 Various Types of Respondents for Primary Interviews

8.2.2.2 Number of Interviews Conducted throughout the Research Process

8.2.2.3 Primary Stakeholders

8.2.2.4 Discussion Guide for Primary Participants

8.2.3        Expert Panels

8.2.3.1 Expert Panels Across 30+ Industry

8.2.4        Paid Local Experts

8.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

8.3   Market Estimation

8.3.1        Top-Down Approach

8.3.1.1 Macro-Economic Indicators Considered

8.3.1.2 Micro-Economic Indicators Considered

8.3.2        Bottom Up Approach

8.3.2.1 Company Share Analysis Approach

8.3.2.2 Estimation of Potential Product Sales

8.4   Data Triangulation

8.4.1        Data Collection

8.4.2        Time Series, Cross Sectional & Panel Data Analysis

8.4.3        Cluster Analysis

8.5   Analysis and Output

8.5.1        Inhouse AI Based Real Time Analytics Tool

8.5.2        Output From Desk & Primary Research

8.6   Research Assumptions & Limitations

8.6.1        Research Assumptions

8.6.2        Research Limitations

LIST OF TABLES

1 Global Ship Building Market, By End Use, 2020-2028 (USD Billion)

2 Transport  Market, By Region, 2020-2028 (USD Billion)      

3 Military Market, By Region, 2020-2028 (USD Billion)            

4 Global Ship Building Market, By Type, 2020-2028 (USD Billion)

5 Oil Tankers  Market, By Region, 2020-2028 (USD Billion)   

6 Bulk Carriers  Market, By Region, 2020-2028 (USD Billion)

7 General Cargo Ships Market, By Region, 2020-2028 (USD Billion)

8 Container Ships Market, By Region, 2020-2028 (USD Billion)

9 Passenger Ships Market, By Region, 2020-2028 (USD Billion)

10 Other Types Market, By Region, 2020-2028 (USD Billion)

11 Regional Analysis, 2020-2028 (USD Billion)

12 North America Ship Building Market, By End Use, 2020-2028 (USD Billion)

13 North America Ship Building Market, By Type, 2020-2028 (USD Billion)

14 U.S. Ship Building Market, By End Use, 2020-2028 (USD Billion)

15 U.S. Ship Building Market, By Type, 2020-2028 (USD Billion)             

16 Canada Ship Building Market, By End Use, 2020-2028 (USD Billion)

17 Canada Ship Building Market, By Type, 2020-2028 (USD Billion)

18 Mexico Ship Building Market, By End Use, 2020-2028 (USD Billion)

19 Mexico Ship Building Market, By Type, 2020-2028 (USD Billion)

20 Europe Ship Building Market, By End Use, 2020-2028 (USD Billion)

21 Europe Ship Building Market, By Type, 2020-2028 (USD Billion)

22 Germany Ship Building Market, By End Use, 2020-2028 (USD Billion)

23 Germany Ship Building Market, By Type, 2020-2028 (USD Billion)

24 U.K. Ship Building Market, By End Use, 2020-2028 (USD Billion)

25 U.K. Ship Building Market, By Type, 2020-2028 (USD Billion)

26 France Ship Building Market, By End Use, 2020-2028 (USD Billion)

27 France Ship Building Market, By Type, 2020-2028 (USD Billion)

28 Italy Ship Building Market, By End Use, 2020-2028 (USD Billion)

29 Italy Ship Building Market, By Type, 2020-2028 (USD Billion)

30 Spain Ship Building Market, By End Use, 2020-2028 (USD Billion)

31 Spain Ship Building Market, By Type, 2020-2028 (USD Billion)

32 Netherlands Ship Building Market, By End Use, 2020-2028 (USD Billion)

33 Netherlands Ship Building Market, By Type, 2020-2028 (USD Billion)

34 Rest Of Europe Ship Building Market, By End Use, 2020-2028 (USD Billion)

35 Rest Of Europe Ship Building Market, By Type, 2020-2028 (USD Billion)

36 Asia Pacific Ship Building Market, By End Use, 2020-2028 (USD Billion)

37 Asia Pacific Ship Building Market, By Type, 2020-2028 (USD Billion)

38 China Ship Building Market, By End Use, 2020-2028 (USD Billion)

39 China Ship Building Market, By Type, 2020-2028 (USD Billion)

40 Japan Ship Building Market, By End Use, 2020-2028 (USD Billion)

41 Japan Ship Building Market, By Type, 2020-2028 (USD Billion)

42 India Ship Building Market, By End Use, 2020-2028 (USD Billion)

43 India Ship Building Market, By Type, 2020-2028 (USD Billion)

44 South Korea Ship Building Market, By End Use, 2020-2028 (USD Billion) 

45 South Korea Ship Building Market, By Type, 2020-2028 (USD Billion)

46 Singapore Ship Building Market, By End Use, 2020-2028 (USD Billion)

47 Singapore Ship Building Market, By Type, 2020-2028 (USD Billion)

48 Thailand Ship Building Market, By End Use, 2020-2028 (USD Billion)

49 Thailand Ship Building Market, By Type, 2020-2028 (USD Billion)

50 Malaysia Ship Building Market, By End Use, 2020-2028 (USD Billion)

51 Malaysia Ship Building Market, By Type, 2020-2028 (USD Billion)

52 Indonesia Ship Building Market, By End Use, 2020-2028 (USD Billion)       

53 Indonesia Ship Building Market, By Type, 2020-2028 (USD Billion)

54 Vietnam Ship Building Market, By End Use, 2020-2028 (USD Billion)

55 Vietnam Ship Building Market, By Type, 2020-2028 (USD Billion)

56 Taiwan Ship Building Market, By End Use, 2020-2028 (USD Billion)

57 Taiwan Ship Building Market, By Type, 2020-2028 (USD Billion)

58 Rest of APAC Global Ship Building Market, By End Use, 2020-2028 (USD Billion)

59 Rest of APAC Global Ship Building Market, By Type, 2020-2028 (USD Billion)

60 Middle East and Africa Ship Building Market, By End Use, 2020-2028 (USD Billion)

61 Middle East and Africa Ship Building Market, By Type, 2020-2028 (USD Billion)  

62 Saudi Arabia Ship Building Market, By End Use, 2020-2028 (USD Billion) 

63 Saudi Arabia Ship Building Market, By Type, 2020-2028 (USD Billion)

64 UAE Global Ship Building Market, By End Use, 2020-2028 (USD Billion)

65 UAE Global Ship Building Market, By Type, 2020-2028 (USD Billion)

66 Israel Ship Building Market, By End Use, 2020-2028 (USD Billion)

67 Israel Ship Building Market, By Type, 2020-2028 (USD Billion)

68 South Africa Ship Building Market, By End Use, 2020-2028 (USD Billion)

69 South Africa Ship Building Market, By Type, 2020-2028 (USD Billion)

70 Rest Of Middle East and Africa Ship Building Market, By End Use, 2020-2028 (USD Billion)        

71 Rest Of Middle East and Africa Ship Building Market, By Type, 2020-2028 (USD Billion) 

72 Central and South America Ship Building Market, By End Use, 2020-2028 (USD Billion)

73 Central and South America Ship Building Market, By Type, 2020-2028 (USD Billion)

74 Brazil Ship Building Market, By End Use, 2020-2028 (USD Billion)

75 Brazil Ship Building Market, By Type, 2020-2028 (USD Billion)

76 Chile Ship Building Market, By End Use, 2020-2028 (USD Billion)

77 Chile Ship Building Market, By Type, 2020-2028 (USD Billion)

78 Argentina Ship Building Market, By End Use, 2020-2028 (USD Billion)

79 Argentina Ship Building Market, By Type, 2020-2028 (USD Billion)

80 Rest Of Central and South America Ship Building Market, By End Use, 2020-2028 (USD Billion)       

81 Rest Of Central and South America Ship Building Market, By Type, 2020-2028 (USD Billion)       

82 Oshima Shipbuilding: Products & Services Offering          

83 Mitsubishi: Products & Services Offering 

84 BAE Systems: Products & Services Offering             

85 DAMEN SHIPYARDS: Products & Services Offering  

86 Fincantieri Group: Products & Services Offering 

87 GENERAL DYNAMICS CORP.: Products & Services Offering  

88 Huntington Ingalls industries: Products & Services Offering   

89 Korea Shipbuilding & Offshore Engineering: Products & Services Offering      

90 Other Companies: Products & Services Offering  

LIST OF FIGURES

1 Global Ship Building Market Overview

2 Global Ship Building Market Value From 2020-2028 (USD Billion)

3 Global Ship Building Market Share, By End Use (2022)

4 Global Ship Building Market Share, By Type (2022)

5 Global Ship Building Market, By Region (Asia Pacific Market)

6 Technological Trends In Global Ship Building Market

7 Four Quadrant Competitor Positioning Matrix

8 Impact Of Macro & Micro Indicators On The Market

9 Impact Of Key Drivers On The Global Ship Building Market

10 Impact Of Challenges On The Global Ship Building Market

11 Porter’s Five Forces Analysis

12 Global Ship Building Market: By End Use Scope Key Takeaways

13 Global Ship Building Market, By End Use Segment: Revenue Growth Analysis

14 Transport  Market, By Region, 2020-2028 (USD Billion)         

15 Military Market, By Region, 2020-2028 (USD Billion)   

16 Global Ship Building Market: By Type Scope Key Takeaways

17 Global Ship Building Market, By Type Segment: Revenue Growth Analysis

18 Oil Tankers  Market, By Region, 2020-2028 (USD Billion)      

19 Bulk Carriers  Market, By Region, 2020-2028 (USD Billion)

20 General Cargo Ships Market, By Region, 2020-2028 (USD Billion)

21 Container Ships Market, By Region, 2020-2028 (USD Billion)

22 Passenger Ships Market, By Region, 2020-2028 (USD Billion)

23 Other Types Market, By Region, 2020-2028 (USD Billion)

24 Regional Segment: Revenue Growth Analysis

25 Global Ship Building Market: Regional Analysis

26 North America Ship Building Market Overview

27 North America Ship Building Market, By End Use

28 North America Ship Building Market, By Type

29 North America Ship Building Market, By Country

30 U.S. Ship Building Market, By End Use

31 U.S. Ship Building Market, By Type

32 Canada Ship Building Market, By End Use

33 Canada Ship Building Market, By Type

34 Mexico Ship Building Market, By End Use

35 Mexico Ship Building Market, By Type

36 Four Quadrant Positioning Matrix

37 Company Market Share Analysis

38 Oshima Shipbuilding: Company Snapshot

39 Oshima Shipbuilding: SWOT Analysis

40 Oshima Shipbuilding: Geographic Presence

41 Mitsubishi: Company Snapshot

42 Mitsubishi: SWOT Analysis

43 Mitsubishi: Geographic Presence

44 BAE Systems: Company Snapshot

45 BAE Systems: SWOT Analysis

46 BAE Systems: Geographic Presence

47 Damen Shipyards: Company Snapshot

48 Damen Shipyards: SWOT Analysis

49 Damen Shipyards: Geographic Presence

50 Fincantieri Group: Company Snapshot

51 Fincantieri Group: SWOT Analysis

52 Fincantieri Group: Geographic Presence

53 General Dynamics Corp.: Company Snapshot

54 General Dynamics Corp.: SWOT Analysis

55 General Dynamics Corp.: Geographic Presence

56 Huntington Ingalls industries: Company Snapshot

57 Huntington Ingalls industries: SWOT Analysis

58 Huntington Ingalls industries: Geographic Presence

59 Korea Shipbuilding & Offshore Engineering: Company Snapshot

60 Korea Shipbuilding & Offshore Engineering: SWOT Analysis

61 Korea Shipbuilding & Offshore Engineering: Geographic Presence

62 Other Companies: Company Snapshot

63 Other Companies: SWOT Analysis

64 Other Companies: Geographic Presence

The Global Ship Building Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Ship Building Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Ship Building Market.

Ship Building Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Ship Building Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Ship Building Market Share

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Frequently Asked Questions

The global ship building market is expected to grow at a CAGR of 3.5% from 2023 to 2028.
Key players operating in the global ship building market include BAE Systems, Damen Shipyards, Fincantieri Group, General Dynamics Corp., Huntington Ingalls industries, Korea Shipbuilding & Offshore Engineering, Samsung Heavy Industries, and Sumitomo Heavy Industries, among others.
Key market players should invest in research and development for innovative technologies, sustainability-focused solutions, and specialized vessel designs to stay competitive and meet the evolving demands of the global shipbuilding market.
The global market growth is driven by increasing international trade, technological advancements, rising offshore exploration, growing demand for specialized vessels, environmental regulations, and the need for replacement and modernization, fuelling innovation in the shipbuilding industry.

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