- In-Scope:
- Commercial:
The shipbuilding market share growth by the commercial segment will be significant during the forecast period. The increase in international trade through maritime logistics is driving the growth of the commercial shipbuilding segment. This is owing to the increase in container handling operations at marine ports, which are driving the demand for commercial ships and vessels. In addition, the emergence of new seaports in emerging economies in APAC is also driving the demand for new container vessels, thereby contributing to the growth of the segment under focus.
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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Shipbuilding Market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Distribution and logistics
- Marketing and sales
- Aftermarket and service
- Industry innovations
Highlights-
- Segmentation- The report extensively covers market segmentation by Application (commercial and defense) and Geography (APAC, Europe, South America, North America, and MEA)
- Key Companies- BAE Systems Plc, Damen Shipyards Group NV, Fincantieri Spa, General Dynamics Corp., Huntington Ingalls Industries Inc., Hyundai Heavy Industries Co. Ltd., Mitsubishi Heavy Industries Ltd., Oshima Shipbuilding Co. Ltd., Samsung Heavy Industries Co. Ltd., and Sumitomo Heavy Industries Ltd. among others
- Driver- Increasing seaborne trading to drive the market
- Challenge- Uncertainties associated with crude oil prices to hamper the market growth
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Vendor Insights-
The shipbuilding market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
- BAE Systems Plc- The company offers design, manufacture, and support of complex surface ships, submarines, torpedoes, radars, and command and combat systems.
- Damen Shipyards Group NV- The company offers vessels such as tugs, workboats, ferries, dredgers, and more.
- Fincantieri Spa- The company offers various vessels such as cruise ships, naval vessels, mega yacht and more.
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Learn More about Key Drivers & Challenges of the Market-
- Shipbuilding Market Driver:
- Increasing seaborne trading:
Throughout the last couple of decades, the shipping industry has recorded an increase in the total trade volume. The prominent factors propelling trade volumes include rapid industrialization and the liberalization of economies that are increasing the trade volume between two countries. The increasing economic activities, such as foreign direct investments, have heightened consumer purchasing power. This has augmented the demand for consumer products. The improved fuel efficiency and multi-fuel engine have made shipping an efficient method of transportation. The demand for goods and raw materials is increasing in emerging economies owing to the increasing population of these countries. This is further bolstering the rising seaborne trading.
- Shipbuilding Market Challenge:
- Uncertainties associated with crude oil prices:
Crude oil prices have recorded several highs and lows in the recent past. As per the data published by the Organization for Economic Co-operation and Development (OECD) in 2021, crude oil import prices witnessed fluctuations globally. This showcases the volatile nature of the global crude oil market. Unanticipated price fluctuations can change the course of the entire market within a short time span. Frequent fluctuations in global crude oil prices disrupt various activities in the oil and gas value chain. The rapid fall in the prices has triggered a massive withdrawal of investments, as oil companies have cut down offshore exploration and production activities. This has decreased the demand for offshore vessels as well as oil tankers. Therefore, the volatility in crude oil prices poses a challenge to the growth of the global shipbuilding market.
Find additional information about various other market Drivers & Challenges mentioned in our FREE sample report.
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Shipbuilding Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.73% |
Market growth 2021-2025 |
$ 13.24 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.12 |
Regional analysis |
APAC, Europe, South America, North America, and MEA |
Performing market contribution |
APAC at 92% |
Key consumer countries |
China, South Korea (Republic of Korea), Japan, The Philippines, and Poland |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
BAE Systems Plc, Damen Shipyards Group NV, Fincantieri Spa, General Dynamics Corp., Huntington Ingalls Industries Inc., Hyundai Heavy Industries Co. Ltd., Mitsubishi Heavy Industries Ltd., Oshima Shipbuilding Co. Ltd., Samsung Heavy Industries Co. Ltd., and Sumitomo Heavy Industries Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market Characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis: Construction machinery and heavy trucks
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Operations
2.2.4 Distribution and logistics
2.2.5 Marketing and sales
2.2.6 Aftermarket and Service
3. Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2020
5. Market Segmentation by Application
5.1 Market segments
Exhibit 15: Application - Market share 2020-2025 (%)
5.2 Comparison by Application
Exhibit 16: Comparison by Application
5.3 Commercial - Market size and forecast 2020-2025
Exhibit 17: Commercial - Market size and forecast 2020-2025 ($ billion)
Exhibit 18: Commercial - Year-over-year growth 2020-2025 (%)
5.4 Defense - Market size and forecast 2020-2025
Exhibit 19: Defense - Market size and forecast 2020-2025 ($ billion)
Exhibit 20: Defense - Year-over-year growth 2020-2025 (%)
5.5 Market opportunity by Application
Exhibit 21: Market opportunity by Application
6. Customer landscape
Exhibit 22: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
Exhibit 23: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 24: Geographic comparison
7.3 APAC - Market size and forecast 2020-2025
Exhibit 25: APAC - Market size and forecast 2020-2025 ($ billion)
Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)
7.4 Europe - Market size and forecast 2020-2025
Exhibit 27: Europe - Market size and forecast 2020-2025 ($ billion)
Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
7.5 South America - Market size and forecast 2020-2025
Exhibit 29: South America - Market size and forecast 2020-2025 ($ billion)
Exhibit 30: South America - Year-over-year growth 2020-2025 (%)
7.6 North America - Market size and forecast 2020-2025
Exhibit 31: North America - Market size and forecast 2020-2025 ($ billion)
Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
7.7 MEA - Market size and forecast 2020-2025
Exhibit 33: MEA - Market size and forecast 2020-2025 ($ billion)
Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 35: Key leading countries
7.9 Market opportunity by geography
Exhibit 36: Market opportunity by geography ($ billion)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Increasing seaborne trading
8.1.2 Rising energy consumption
8.1.3 Growth of shipping industry
8.2 Market challenges
8.2.1 Fluctuating raw material prices
Exhibit 37: Steel price (USD per metric ton)
8.2.2 Uncertainties associated with crude oil prices
8.2.3 Oversupply of ships
Exhibit 38: Impact of drivers and challenges
8.3 Market trends
8.3.1 Increase in demand for eco-friendly ship
8.3.2 Increasing Trade activities globally
8.3.3 Robotics in shipbuilding
9. Vendor Landscape
9.1 Vendor landscape
Exhibit 39: Vendor landscape
9.2 Landscape disruption
Exhibit 40: Landscape disruption
Exhibit 41: Industry risks
9.3 Competitive scenario
10. Vendor Analysis
10.1 Vendors covered
Exhibit 42: Vendors covered
10.2 Market positioning of vendors
Exhibit 43: Market positioning of vendors
10.3 BAE Systems Plc
Overview
Business segments
Key news
Key offerings
Segment focus
10.4 Damen Shipyards Group NV
Overview
Product and Service
Key news
Key offerings
10.5 Fincantieri Spa
Overview
Business segments
Key news
Key offerings
Segment focus
10.6 General Dynamics Corp.
Overview
Business segments
Key offerings
Segment focus
10.7 Huntington Ingalls Industries Inc.
Overview
Business segments
Key news
Key offerings
Segment focus
10.8 Hyundai Heavy Industries Co. Ltd.
Overview
Product and Service
Key news
Key offerings
10.9 Mitsubishi Heavy Industries Ltd.
Overview
Business segments
Key news
Key offerings
Segment focus
10.10 Oshima Shipbuilding Co. Ltd.
Overview
Product and Service
Key offerings
10.11 Samsung Heavy Industries Co. Ltd.
Overview
Business segments
Key offerings
Segment focus
10.12 Sumitomo Heavy Industries Ltd.
Overview
Business segments
Key news
Key offerings
Segment focus
11. Appendix
11.1 Scope of the report
11.1.1 Market Definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 88: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 89: Research Methodology
Exhibit 90: Validation techniques employed for market sizing
Exhibit 91: Information sources
11.4 List of abbreviations
Exhibit 92: List of abbreviations
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