Shipbuilding Market size was estimated at $61.5 Million in 2019 and is expected to reach $266.1 Million by 2027, growing at a CAGR of 23.3% during the forecast period of 2020 to 2027.
Shipbuilding Market Growth Factors
Shipbuilding Market Segmentation
Shipbuilding Market Country Analysis
Shipbuilding Market Share and Competition
Key companies operating in this industry are: Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering, Samsung Heavy Industries, Mitsubishi Heavy Industry, TSUNEISHI SHIPBUILDING Co. Ltd., Imabari Shipbuilding, North Star Shipbuilding Private Limited, L&T India, and United Shipbuilding Corporation. The two giant shipbuilding companies, Hyundai Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering, have announced their merger as official in November 2019. This merger is said to control 20% of world’s industry for oceangoing vessels. This megamerger already started facing hardships as European companies are set to launch an antitrust investigation. “This is not about controlling the market, it’s about survival and if there is no consolidation, we will all go down.”, said the President of Hyundai Heavy Group, Sam Ka. In China, the two Asian companies, China State Shipbuilding Corp. and China Shipbuilding Industry Corp., have also announced their huge merger in November 2019.
The shipbuilding line of South Korea, Hyundai Merchant Marine (HMM), has launched the world’s biggest container ship on 23 April 2020. Eastern Shipbuilding Group has announced its launch of a 320-foot ship with a capacity of 4500 passengers on 27 June 2020. “The launching of a new vessel is a major milestone. She’s in the water, she’s floating, she’s fine and getting ready to go to work.”, said the CEO of Eastern Shipbuilding Group. Russia has launched its first ever Aframax Tanker, the Vladimir Monomakh, on 13 May 2020.
Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Ship Type Analysis (Revenue, USD Million, 2020 - 2027)
• Cruise Ships
• Cargo Ships
• Military Vessels
• Tugs
• Fishing Vessels
• Bunker Tankers
• Small Passenger Ships
• Small General Cargo Carriers
End User Analysis (Revenue, USD Million, 2020 - 2027)
• Transport Companies
• Military
• Others
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Shipbuilding Market Companies
• Hyundai Heavy Industries
• Daewoo Shipbuilding and Marine Engineering
• Samsung Heavy Industries
• Mitsubishi Heavy Industry
• TSUNEISHI SHIPBUILDING Co. Ltd.
• Imabari Shipbuilding
• North Star Shipbuilding Private Limited
• L&T India
• United Shipbuilding Corporation
Available Versions:-
United States Shipbuilding Market Industry Research Report
Europe Shipbuilding Market Industry Research Report
Asia Pacific Shipbuilding Market Industry Research Report
