PUBLISHER: IMARC | PRODUCT CODE: 1422858
PUBLISHER: IMARC | PRODUCT CODE: 1422858
Ship Building Market Report by Type (Oil Tankers, Bulk Carriers, General Cargo Ships, Container Ships, Passenger Ships, and Others), End User (Transport Companies, Military), and Region 2024-2032
Abstract
The global ship building market size reached US$ 156.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 207.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.07% during 2024-2032. The rising international trade, increasing construction of military vessels, and adoption of modular construction approach represent some of the key factors driving the market.
Ship building refers to the process of designing and fabricating large marine vessels in a specialized facility known as a shipyard. It includes the construction of oil tankers, bulk carriers, container ships, general cargo vessels, cruise ships, ferries, tugs, and military vessels. Shipbuilding utilizes various raw materials, such as steel, aluminum, alloys, wood, glass fibers, foam plastics, and composites. It involves multiple manufacturing steps, such as panel construction, section assembly, block building, erection, launching, pre-outfitting, painting, and slipway outfitting. Manufactured ships undergo several phases of testing, such as hydrostatic tests, sea trials, and engine tests, to ensure hull integrity and optimum functioning of onboard equipment. Ship building is an essential and strategic manufacturing activity that helps in a country's economic growth and caters to the demands of various industries, such as transportation, energy, defense, and fishing.
Ship Building Market Trends:
The rising international seaborne trade due to rapid globalization and economic growth is one of the primary factors driving the market growth. Ship building processis widely used to construct larger cargo ships, bulk carriers, and tankers that are utilized for transporting crude oils, petroleum products, steel, mineral ores, raw materials, vehicles, consumer electronics, fruits and vegetables, machinery, and other manufactured goods due to their enormous load-carrying capacity, cost-effectiveness, and fuel efficiency. In addition to this, the implementation of various government initiatives by to boost maritime trade through the construction of new port facilities and the signing of free trade agreements is acting as another growth-inducing factor. Furthermore, rapid military modernization coupled with increasing defense spending is facilitating the demand for shipbuilding to construct advanced military vessels, such as aircraft carriers, frigates, destroyers, cruisers, full-service carriers, littoral combat ships, corvettes, fast patrol vessels, and amphibious assault ships. Additionally, the adoption of a modular construction approach in shipbuilding that allows multiple shipyards to construct major modules of a ship, followed by final integration and testing, which in turn saves time, increases quality, and reduces costs, is positively influencing the market growth. Moreover, the integration of augmented and virtual reality (AR/VR) technologies in shipbuilding to provide immersive training to employees and allow engineers to place digital information in a visual environment to validate design concepts is favoring the market growth. Other factors, including rising import and export activities, increasing demand for eco-friendly ships, and the introduction of robotics in shipbuilding, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global ship building market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type and end user.
Type Insights:
Oil Tankers
Bulk Carriers
General Cargo Ships
Container Ships
Passenger Ships
Others
The report has provided a detailed breakup and analysis of the ship building market based on the type. This includes oil tankers, bulk carriers, general cargo ships, container ships, passenger ships, and others. According to the report, bulk carriers represented the largest segment.
End User Insights:
Transport Companies
Military
A detailed breakup and analysis of the ship building market based on the end user has also been provided in the report. This includes transport companies and military. According to the report, transport companies accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for ship building. Some of the factors driving the Asia Pacific ship building market included the increasing maritime trade activities, rising defense budget, and significant technological advancements.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global ship building market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include China Shipbuilding Trading Co. Ltd., Damen Shipyards Group, Fincantieri S.p.A., Huntington Ingalls Industries Inc., JSC United Shipbuilding Corporation, Korea Shipbuilding & Offshore Engineering Co. Ltd., Larsen & Toubro Ltd., Mitsubishi Shipbuilding Co. Ltd., Oshima Shipbuilding Co. Ltd., Samsung Heavy Industries Co. Ltd., Tsuneishi Shipbuilding Co. Ltd., Yangzijiang Shipbuilding (Holdings) Ltd., etc.
Key Questions Answered in This Report:
- How has the global ship building market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global ship building market?
- What is the impact of each driver, restraint, and opportunity on the global ship building market?
- What are the key regional markets?
- Which countries represent the most attractive ship building market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the ship building market?
- What is the breakup of the market based on the end user?
- Which is the most attractive end user in the ship building market?
- What is the competitive structure of the global ship building market?
- Who are the key players/companies in the global ship building market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Ship Building Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Oil Tankers
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Bulk Carriers
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 General Cargo Ships
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Container Ships
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Passenger Ships
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by End User
- 7.1 Transport Companies
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Military
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 China Shipbuilding Trading Co. Ltd.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Damen Shipyards Group
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Fincantieri S.p.A.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.4 Huntington Ingalls Industries Inc.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 JSC United Shipbuilding Corporation
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Korea Shipbuilding & Offshore Engineering Co. Ltd.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.7 Larsen & Toubro Ltd.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Mitsubishi Shipbuilding Co. Ltd.
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Oshima Shipbuilding Co. Ltd.
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 Samsung Heavy Industries Co. Ltd.
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.11 Tsuneishi Shipbuilding Co. Ltd.
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.12 Yangzijiang Shipbuilding (Holdings) Ltd.
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.12.3 Financials
- 13.3.1 China Shipbuilding Trading Co. Ltd.
List of Figures
- Figure 1: Global: Ship Building Market: Major Drivers and Challenges
- Figure 2: Global: Ship Building Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Ship Building Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Ship Building Market: Breakup by Type (in %), 2023
- Figure 5: Global: Ship Building Market: Breakup by End User (in %), 2023
- Figure 6: Global: Ship Building Market: Breakup by Region (in %), 2023
- Figure 7: Global: Ship Building (Oil Tankers) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Ship Building (Oil Tankers) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Ship Building (Bulk Carriers) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Ship Building (Bulk Carriers) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Ship Building (General Cargo Ships) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Ship Building (General Cargo Ships) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Ship Building (Container Ships) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Ship Building (Container Ships) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Ship Building (Passenger Ships) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Ship Building (Passenger Ships) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Ship Building (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Ship Building (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Ship Building (Transport Companies) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Ship Building (Transport Companies) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Ship Building (Military) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Ship Building (Military) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: North America: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: North America: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: United States: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: United States: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Canada: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Canada: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Asia-Pacific: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Asia-Pacific: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: China: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: China: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Japan: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Japan: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: India: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: India: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: South Korea: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: South Korea: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Australia: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Australia: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Indonesia: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Indonesia: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Others: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Others: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Europe: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Europe: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Germany: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Germany: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: France: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: France: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: United Kingdom: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: United Kingdom: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Italy: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Italy: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Spain: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Spain: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Russia: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Russia: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Others: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Others: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Latin America: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Latin America: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Brazil: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Brazil: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Mexico: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Mexico: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Others: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Others: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Middle East and Africa: Ship Building Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Middle East and Africa: Ship Building Market: Breakup by Country (in %), 2023
- Figure 71: Middle East and Africa: Ship Building Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Global: Ship Building Industry: Drivers, Restraints, and Opportunities
- Figure 73: Global: Ship Building Industry: Value Chain Analysis
- Figure 74: Global: Ship Building Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Ship Building Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Ship Building Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Ship Building Market Forecast: Breakup by End User (in Million US$), 2024-2032
- Table 4: Global: Ship Building Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Ship Building Market: Competitive Structure
- Table 6: Global: Ship Building Market: Key Players
