DUBLIN–(BUSINESS WIRE)–Nov 4, 2020–

The “Ship Building and Repairing Global Market Opportunities and Strategies to 2030: COVID-19 Impact and Recovery”^[1] report has been added to ResearchAndMarkets.com’s offering.

This report describes and evaluates the global ship building and repairing market. It covers 2015 to 2019, termed the historic period, and 2019 to 2023 termed the forecast period, along with further forecasts for the periods 2023-2025 and 2025-2030

The global ship building and repairing market reached a value of nearly $191,913.3 million in 2019, having increased at a compound annual growth rate (CAGR) of 0.9% since 2015. The market is expected to decrease from $191,913.3 million in 2019 to $177,809.0 million in 2020 at a rate of -0.01%.

The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 3.06% from 2021 and reach $191,891.1 million in 2023.

Growth in the historic period resulted from the rising population, increasing demand for cruise ships, and economic growth in emerging markets. Factors that negatively affected growth in the historic period were cheaper air cargo services, long turnaround time, volatile raw material prices, and geopolitical tensions.

Going forward, growing demand for e-commerce and technological advances will drive the market for ship building and repairing. Factors that could hinder the growth of the ship building and repairing market in the future include government regulations, reductions in free trade, global recession, and COVID-19 outbreak.

The ship building and repairing market is segmented by type of service into ship building; and ship repairing. The ship building market was the largest segment of the ship building and repairing market segmented by service, accounting for 83.1% of the total in 2019. Going forward, the ship repairing segment is expected to be the fastest-growing segment in the ship building and repairing market, at a CAGR of 0.2% during 2019-2023.

The ship building and repairing market is also segmented by type of vessel into passenger; offshore; containerships; tankers, refrigerated vessels, bulkers; and others. The bulkers segment was the largest segment of the ship building and repairing market segmented by vessels, accounting for 25.7% of the total in 2019. Going forward, refrigerated vessels segment is expected to be the fastest-growing segment in the ship building and repairing market, at a CAGR of 2.9% during 2019-2023.

The ship building and repairing market is also segmented by end-use into goods transportation; and passenger transportation. The goods transportation segment was the largest segment of the ship building and repairing market segmented by end-use, accounting for 87.2% of the total in 2019. Going forward, goods transportation segment is expected to be the fastest-growing segment in the ship building and repairing market, at a CAGR of 0.1% during 2019-2023.

Key Topics Covered:

1. Ship Building and Repairing Market Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction

6.1. Segmentation by Geography

6.2. Segmentation by Type of Service

6.3. Segmentation by Type of Vessel

6.4. Segmentation by End-Use

7. Ship Building and Repairing Market Characteristics

7.1. Market Definition

7.2. Segmentation by Type of Service

7.2.1. Ship Building

7.2.2. Ship Repairing

7.3. Segmentation by Type of Vessel

7.3.1. Tankers

7.3.2. Bulkers

7.3.3. Containerships

7.3.4. Offshore

7.3.5. Refrigerated Vessels

7.3.6. Passenger

7.3.7. Others

7.4. Segmentation by End Use

7.4.1. Passenger Transportation

7.4.2. Goods Transportation

8. Ship Building and Repairing Market, Product/Service Analysis – Product/Service Examples

9. Ship Building and Repairing Market, Supply Chain Analysis

9.1. Resources

9.2. Manufacturers

9.3. Intermediaries

9.4. End Customers

10. Ship Building and Repairing Market Customer Information

10.1. the US Navy Has Indicated the need for more Dry Docks for Repairs

10.2. Majority of Consumers Use Ships for General Cargo Transportation

10.3. Ship Owners Feel the need for Improvement in Repair Services

10.4. Majority of Repair Services are needed for Bulk Cargo Carriers

10.5. Asia Has the Largest Share in the Shipbuilding, Repair and Maintenance Market

11. Ship Building and Repairing Market Trends and Strategies

11.1. Artificial Intelligence (AI) Driven Operation System

11.2. Environmentally Friendly Ship Repairing Technologies

11.3. Green Shipbuilding Technologies

11.4. Surge in LNG-Fueled Engines

11.5. Use of Robotics

12. Ship Building and Repairing Market, COVID Impact Analysis

12.1. Impact on Shipyards and Ship-Owners

12.2. Impact on Cruise Ships

12.3. Regulatory Changes

12.4. Post COVID-19 Rebounding Projects in the Shipbuilding Industry

13. Global Ship Building and Repairing Market Size and Growth

13.1. Market Size

13.2. Historic Market Growth, 2015 – 2019, Value ($ Million)

13.3. Forecast Market Growth, 2019 – 2023, 2025F, 2030F Value ($ Million)

14. Ship Building and Repairing Market, Regional Analysis

14.1. Global Ship Building and Repairing Market, by Region, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Million)

14.2. Global Ship Building and Repairing Market, 2015 – 2023, Historic and Forecast, by Region

14.3. Global Ship Building and Repairing Market, 2019-2023, Growth and Market Share Comparison, by Region

15. Global Ship Building and Repairing Market Segmentation

15.1. Global Ship Building and Repairing Market, Segmentation by Service, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Million)

15.2. Global Ship Building and Repairing Market, Segmentation by Vessel, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Million)

15.3. Global Ship Building and Repairing Market, Segmentation by End-Use, Historic and Forecast, 2015 – 2019, 2023F, 2025F, 2030F, Value ($ Million)

16. Global Ship Building and Repairing Market Comparison with Macro Economic Factors

16.1. Ship Building and Repairing Market Size, Percentage of GDP, Global

16.2. Per Capita Average Ship Building and Repairing Market Expenditure, Global

Companies Mentioned

• A&P Group Tyne Shipyard
• Admiralteiskie Verfi
• Astillero Nacional
• BAE Systems
• Cammell Laird
• Caribbean Drydock Company
• Chantiers naval de Normandie
• China Shipbuilding Industry Corporation
• China State Shipbuilding Corporation
• Cochin Shipyard Limited
• CRIST SA
• CSCC Offshore & Marine Engineering (Group) Company Ltd
• Damen Shipyards Group
• Damex Shipbuilding & Engineering
• Dammam Shipyard
• DCD Enerji Cevre ve Teknoloji A.S
• Desan Shipyard
• Dormac Marine & Engineering
• Garden Reach Shipbuilders and Engineers
• Gemak Group of Companies
• Genneral Shipyard ATG Giurgiu
• Hindustan Shipyard Limited
• Hudong – Zhonghua Shipbuilding
• Huntington Ingalls Industries Inc.
• Imabari Shipbuilding Co., Ltd.
• Israel Shipyards Ltd
• Kuzey Star Shipyard
• Lloyd Werft Bremerhaven
• Marine Projects Ltd SP
• Meyer Werft
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• NAUTA
• Naval Yards Kiel GmbH
• Neptune Werft GmbH
• New Times Shipbuilding Co. Ltd.
• Nigerdock FZE
• Oshima Shipbuilding Company
• OSK
• Parkol Marine Engineering
• PIRIOU
• Remontowa
• Santierul Naval Damen Galati
• Schiffswerft Hermann Barthel GmbH
• Seatech Engineering
• Sefine Shipyard
• Servicios Industriales De La Marine S.A.
• ShipTech
• SOCARENAM
• Southern African Shipyards
• Southern Engineering Co. Ltd
• STX
• Sumitomo Heavy Industries, Ltd
• Tsuneishi Holdings
• Vard Niteroi SA Shipyards
• Vard Tulcea
• West Atlantic Shipyard
• Yangzijiang Shipbuilding (Holdings) Ltd.
• Yarrow Shipbuilders
• Zamil Offshore

For more information about this report visit https://www.researchandmarkets.com/r/g34qcm^[2]

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201104005232/en/^[3]

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: RETAIL OTHER RETAIL

SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 11/04/2020 05:16 AM/DISC: 11/04/2020 05:16 AM

http://www.businesswire.com/news/home/20201104005232/en