Global Shipbuilding Market Research Report 2020

Shipbuilding is the construction of ships and other floating vessels. It normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history.

Shipbuilding and ship repairs, both commercial and military, are referred to as "naval engineering". The construction of boats is a similar activity called boat building.
South Korea has the largest market share in the global shipbuilding market, followed by China and Japan. The global market share of the Korean shipbuilding industry has reached 34%; the global market share of China's shipbuilding industry is 33%; the global market share of the Japanese shipbuilding industry is 17%. In Korea, the government is taking various initiatives to support the shipbuilding industry, and Korea has the largest share of new orders. The global share of China's shipbuilding is growing steadily. In Japan, several reforms have taken place.The global shipbuilding market is expected to grow in future due to increasing seaborne trade and economic growth, rising energy consumption, demand of eco-friendly ships and shipping services, and the advent of robotics in shipbuilding. Orders are declining, many shipyards have stopped production and went bankrupt. However, such changes have also led to a small increase in the price of the order. The world is continuing to change at a rapid pace.

Market Analysis and Insights: Global Shipbuilding Market
The global Shipbuilding market is valued at 121420 million US$ in 2020 is expected to reach 179750 million US$ by the end of 2026, growing at a CAGR of 5.7% during 2021-2026.
Global Shipbuilding Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026. This section mentions the volume of production by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Market Segment Analysis
The research report includes specific segments by Type and by Application. Each type provides information about the production during the forecast period of 2015 to 2026. Application segment also provides consumption during the forecast period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Bulkers
Tankers
Containers
Cruise and Ferry
Others
In 2019, Bulkers accounted for a major share of 34% in the global Shipbuilding market. And this product segment is poised to reach 61628 M USD by 2025 from 43371 M USD in 2019.

Segment by Application
Passenger Transportation
Goods Transportation
In global Shipbuilding market, Goods Transportation segment holds an important share in terms of application, and it is expected to reach a volume of 79814 (K CGT) by 2025, at a CAGR of 4.23% during 2019 and 2025. It means that Shipbuilding will be promising in the Goods Transportation field in the next couple of years.

Global Shipbuilding Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Shipbuilding market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.
Global Shipbuilding Market:

Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
The major players in the market include Hyundai, Daewoo Shipbuilding & Marine Engineering, CSIC, Imabari Shipbuilding, Japan Marine United, CSSC, Samsung, Fincantieri, Oshima Shipbuilding, Yangzijiang Shipbuilding, COSCO, etc.