100+ datasets found
  1. Size of the global shipbuilding market 2020-2030

    • statista.com
    • ai-chatbox.pro
    Updated Jun 27, 2025
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    Statista (2025). Size of the global shipbuilding market 2020-2030 [Dataset]. https://www.statista.com/statistics/1102252/size-of-the-global-shipbuilding-market/
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    Dataset updated
    Jun 27, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2021
    Area covered
    Worldwide
    Description

    The global shipbuilding market is expected to increase by a compound annual growth rate (CAGR) of around *** percent in between 2020 and 2030. While the market was sized at nearly *** billion U.S. dollars in 2022, is is projected to increase to over *** billion U.S. dollars in size in 2030.

  2. Shipbuilding Market Global | Industry Trends, Size & Forecast Analysis

    • mordorintelligence.com
    pdf,excel,csv,ppt
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    Mordor Intelligence, Shipbuilding Market Global | Industry Trends, Size & Forecast Analysis [Dataset]. https://www.mordorintelligence.com/industry-reports/ship-building-market
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    pdf,excel,csv,pptAvailable download formats
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2019 - 2030
    Area covered
    Global
    Description

    The Shipbuilding Market is Segmented by Type (vessel, Container, Passenger, and Other Types), End User (transport Companies, Military, and Other End Users), and Geography(North America, Europe, Asia-Pacific, and the Rest of the World). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

  3. S

    Shipbuilding Market Report

    • datainsightsmarket.com
    doc, pdf, ppt
    Updated Mar 5, 2025
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    Data Insights Market (2025). Shipbuilding Market Report [Dataset]. https://www.datainsightsmarket.com/reports/shipbuilding-market-15543
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    doc, ppt, pdfAvailable download formats
    Dataset updated
    Mar 5, 2025
    Dataset authored and provided by
    Data Insights Market
    License

    https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy

    Time period covered
    2025 - 2033
    Area covered
    Global
    Variables measured
    Market Size
    Description

    The global shipbuilding market, valued at $145.67 billion in 2025, is projected to experience steady growth, driven by increasing global trade volumes necessitating larger and more efficient vessels, and rising demand for specialized ships in the offshore energy and cruise sectors. A Compound Annual Growth Rate (CAGR) of 4.84% from 2025 to 2033 indicates a substantial expansion of the market. Key drivers include advancements in shipbuilding technology, leading to improved fuel efficiency, reduced emissions, and enhanced safety features. Furthermore, government investments in port infrastructure and maritime security measures are stimulating market growth. The market is segmented by vessel type (vessel, container, passenger, other), and end-user (transport companies, military, others). Container ships, fueled by e-commerce growth and global supply chain expansion, represent a significant segment. The passenger vessel segment is also experiencing growth, propelled by the resurgence of cruise tourism and the construction of luxury liners. However, challenges remain, including fluctuating raw material prices, stringent environmental regulations demanding greener shipbuilding practices, and geopolitical uncertainties impacting global trade routes. Competition is intense amongst major players such as Samsung Heavy Industries, Hyundai Heavy Industries, and China State Shipbuilding Corporation, which are constantly innovating and expanding their capabilities to maintain their market share. Regional analysis reveals that Asia-Pacific dominates, owing to large-scale shipbuilding activities in countries like China, South Korea, and Japan. Europe and North America also contribute significantly, driven by robust maritime industries and demand for specialized vessels. The forecast period (2025-2033) anticipates a continued upward trajectory for the shipbuilding market, although the rate of growth might fluctuate year-on-year based on global economic conditions and technological advancements. The ongoing transition toward sustainable shipbuilding practices—incorporating environmentally friendly materials and energy-efficient designs—presents both opportunities and challenges for manufacturers. Companies are focusing on research and development to meet stricter environmental regulations while enhancing their competitiveness. The military segment offers a niche but stable market, driven by national defense budgets and modernization programs across various nations. Future market growth will likely be shaped by the adoption of automation and digital technologies, leading to improved operational efficiencies and reduced production costs in the shipbuilding sector. This will involve integrating AI, advanced simulation tools, and big data analytics to optimize shipbuilding processes. Recent developments include: August 2023: The Canadian government announced that it would invest CAD 463 million (USD 345 million) in shipbuilding infrastructure to move forward with the Surface Combatant (CSC) program. It calls for the construction of 15 new warships that will be a key component of the future Royal Canadian Navy. The funds will be used to prepare the Irving Shipyard and adjacent facilities in Nova Scotia for construction, which is now slated to begin next year for the program., May 2023: Vard Marine Inc., in collaboration with Team Vigilance partner firms Heddle Shipyards, Thales Canada, SH Defence, and Fincantieri, unveiled the Vigilance Offshore Patrol Vessel at CANSEC 2023. Team Vigilance partner firms collectively bring extensive and significant capabilities and expertise to bear in naval ship design, Canadian and worldwide construction, combat and offboard system integration, modular payload systems, and life-cycle solutions., May 2023: Garden Reach Shipbuilders and Engineers Ltd established the GRSE Accelerated Innovation Nurturing Scheme to find and stimulate the creation of new solutions as part of the shipyard's technological development activities. GAINS intends to address current and emerging ship design and construction issues while simultaneously accomplishing the goals of Atmanirbhar Bharat., March 2023: The Ministry of Ports, Shipping, and Waterways (MoPSW) in India launched the 'Green Tug Transition Programme' (GTTP) to make India a global hub for building green ships. The GTTP will convert all tugboats operating in the country into 'Green Hybrid Tugs' that run on non-fossil fuels such as Methanol, Ammonia, and Hydrogen.. Key drivers for this market are: Increasing Trade Activities Between Countries to Drive the Market. Potential restraints include: Fluctuation in Transportation and Inventory Cost May Hamper the Growth of the Market. Notable trends are: Increasing Trade and Naval Activities Between Countries to Drive the Market.

  4. Ship Building in the US - Market Research Report (2015-2030)

    • ibisworld.com
    Updated Apr 9, 2025
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    IBISWorld (2025). Ship Building in the US - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/united-states/market-research-reports/ship-building-industry/
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    Dataset updated
    Apr 9, 2025
    Dataset authored and provided by
    IBISWorld
    License

    https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

    Time period covered
    2015 - 2030
    Area covered
    United States
    Description

    Shipbuilders design, build and repair ships and other vessels for military and commercial clients. Long project lead times, primarily for defense contracts, have led to a consistent flow of revenue, keeping shipyard revenue stable despite supply chain disruptions, climbing interest rates, geopolitical uncertainty and other exogenous shocks. Major protectionist policies in both commercial and military markets also create steady domestic growth. In particular, rebounding defense spending, strong consumer markets, pent-up demand for travel and increased US oil and gas production have spurred demand from commercial and defense markets in the post-pandemic and post-inflationary economy. Additionally, major contract opportunities for nuclear-powered submarines, advanced aircraft carriers, destroyers and other ships have created healthy backlogs and revenue growth for leading defense contractors and subcontractors. Overall, revenue has climbed at an expected CAGR of 2.7% to $39.1 billion through the current period, including a 5.5% expansion in 2025, where profit reached 6.7%. Leading shipbuilders, like General Dynamics and Huntington Ingalls, dominate the defense sector, largely holding a duopoly on the industry's major contracts. These companies operate the only shipyards large enough to produce certain platforms. Smaller businesses focus on less lucrative contracts, such as those for non-nuclear ship repairs and propulsion components. Non-military contracts, supported by the Jones Act, account for about 20% of the industry revenue but struggle to compete globally due to significantly higher costs compared to foreign-built counterparts. Supply chain disruptions posed an additional threat to the industry, especially military shipbuilders. Skyrocketing input costs pressured profit, leading to minor declines through the current period. However, climbing world tensions will drive growth through the outlook period, especially as the Department of Defense emphasizes maritime and amphibious operations to coincide with aircraft development. Contracts for next-generation submarines, aircraft carriers, destroyers and frigates will create hiring sprees and market entry, especially among smaller companies acting as subcontractors or as part of bidding consortiums. Similarly, these innovations will create demand for upgrades, modifications, conversions and overhauls. Commercial shipbuilding markets will also improve alongside stronger consumer sentiment and travel and trade metrics. Furthermore, compliance with new environmental regulations, like the Energy Efficiency Existing Ship Index, is expected to drive innovations in energy-efficient shipbuilding materials and practices. Overall, shipbuilders will produce strong growth, with revenue surging at an expected CAGR of 5.5% to $51.1 billion through the outlook period. Profit will reach 8.1% of total revenue.

  5. China Shipbuilding Industry Company: number of employees 2013-2023

    • statista.com
    Updated Dec 20, 2024
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    Statista (2024). China Shipbuilding Industry Company: number of employees 2013-2023 [Dataset]. https://www.statista.com/statistics/233064/number-of-employees-at-china-shipbuilding-industry-company/
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    Dataset updated
    Dec 20, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    China
    Description

    In 2023, China Shipbuilding Industry Company (CSIC) employed about 30,483 people, a decrease of 1,257 employees compared to the previous year. Over the past six years, CSIC has experienced a sharp decline in the number of employees.

  6. Ship Building in the US

    • ibisworld.com
    Updated Apr 19, 2025
    + more versions
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    IBISWorld (2025). Ship Building in the US [Dataset]. https://www.ibisworld.com/industry-statistics/market-size/ship-building-united-states/
    Explore at:
    Dataset updated
    Apr 19, 2025
    Dataset authored and provided by
    IBISWorld
    License

    https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

    Time period covered
    2005 - 2031
    Area covered
    United States
    Description

    Market Size statistics on the Ship Building industry in United States

  7. Commercial Shipbuilding Market Report | Global Forecast From 2025 To 2033

    • dataintelo.com
    csv, pdf, pptx
    Updated Jan 7, 2025
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    Dataintelo (2025). Commercial Shipbuilding Market Report | Global Forecast From 2025 To 2033 [Dataset]. https://dataintelo.com/report/commercial-shipbuilding-market-report
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    pptx, csv, pdfAvailable download formats
    Dataset updated
    Jan 7, 2025
    Dataset authored and provided by
    Dataintelo
    License

    https://dataintelo.com/privacy-and-policyhttps://dataintelo.com/privacy-and-policy

    Time period covered
    2024 - 2032
    Area covered
    Global
    Description

    Commercial Shipbuilding Market Outlook



    The global commercial shipbuilding market size was valued at approximately USD 150 billion in 2023 and is projected to reach USD 230 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2024 to 2032. This robust growth is driven by expanding international trade, the increasing demand for energy-efficient shipping solutions, and technological advancements in shipbuilding processes. The market's expansion is further galvanized by the surging need for new, more sustainable vessels that comply with stringent environmental regulations, as well as the modernization of fleets to improve operational efficiency.



    One of the primary growth factors in the commercial shipbuilding market is the substantial increase in global trade volumes. As economies continue to globalize, the demand for efficient transportation of goods across continents has considerably amplified. This has led to an escalation in the ordering of container ships and cargo vessels, which form the backbone of international logistics. Furthermore, nations are heavily investing in maritime infrastructure and logistics, further fueling the demand for new ships. The rising e-commerce sector, necessitating rapid and reliable shipping solutions, also plays a pivotal role in this demand spike, encouraging shipbuilders to innovate and expand their vessel offerings.



    Another significant growth driver is the push towards greener shipping solutions. Environmental regulations are becoming increasingly stringent, compelling shipbuilders to adopt cleaner, more energy-efficient technologies. The International Maritime Organization (IMO) has set ambitious targets for reducing greenhouse gas emissions, pushing the industry towards the development of low-emission vessels. This shift towards sustainable shipbuilding not only aligns with global environmental goals but also opens up new markets and opportunities for shipbuilders proficient in green technology. As such, investments in research and development to innovate eco-friendly ship designs are at an all-time high, contributing significantly to market growth.



    Technological advancement in shipbuilding processes also constitutes a crucial factor driving market growth. Innovations such as computer-aided design (CAD), automation, and the use of advanced materials have revolutionized the shipbuilding industry, enhancing productivity and reducing costs. These technologies enable the construction of more efficient, durable, and sophisticated vessels, thereby attracting a wider customer base. Moreover, the integration of digital technologies like IoT and AI in vessel operations has improved their performance, safety, and reliability, making them more appealing to end-users across various sectors, including transportation, defense, and offshore activities.



    Regionally, Asia Pacific dominates the commercial shipbuilding market, accounting for more than 50% of the global market share in 2023. This region, led by countries such as China, South Korea, and Japan, is renowned for its advanced shipbuilding capabilities and substantial investments in maritime infrastructure. These countries have established themselves as key global players, not only due to their manufacturing prowess but also owing to their strategic geographic positioning, which facilitates international trade. The European market is also vital, with a focus on high-end, specialty vessels, while North America is experiencing growth driven by investments in military and offshore applications.



    In parallel to the commercial shipbuilding market, the Military Shipbuilding and Submarines sector is experiencing its own wave of transformation. The demand for advanced naval vessels and submarines is on the rise as nations seek to bolster their maritime defense capabilities. This sector is driven by geopolitical tensions and the need for enhanced maritime security, prompting significant investments in state-of-the-art technology and stealth capabilities. Submarines, in particular, play a crucial role in strategic defense, offering unparalleled underwater surveillance and combat capabilities. The integration of cutting-edge technologies, such as advanced sonar systems and propulsion mechanisms, is pivotal in maintaining naval superiority. As global powers continue to expand their naval fleets, the military shipbuilding industry is poised for substantial growth, with a focus on innovation and strategic partnerships.



    Vessel Type Analysis

    <br

  8. Ship Building Market Market Research Report 2033

    • growthmarketreports.com
    csv, pdf, pptx
    Updated Jun 30, 2025
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    Growth Market Reports (2025). Ship Building Market Market Research Report 2033 [Dataset]. https://growthmarketreports.com/report/ship-building-market-global-industry-analysis
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    pptx, pdf, csvAvailable download formats
    Dataset updated
    Jun 30, 2025
    Dataset authored and provided by
    Growth Market Reports
    Time period covered
    2024 - 2032
    Area covered
    Global
    Description

    Ship Building Market Outlook



    According to our latest research, the global ship building market size in 2024 stands at USD 145.2 billion, reflecting robust activity across both commercial and defense sectors. The market is anticipated to expand at a CAGR of 4.7% from 2025 to 2033, reaching a projected value of USD 220.6 billion by 2033. This growth is primarily driven by rising international trade volumes, ongoing fleet modernization efforts, and increasing investments in eco-friendly and technologically advanced vessels. The ship building sector’s expansion is underpinned by strong demand from both established and emerging economies, as well as evolving regulatory standards that necessitate innovation in ship design and construction.




    One of the primary growth factors for the ship building market is the steady increase in global seaborne trade. With over 80% of the world’s goods transported by sea, the need for efficient, large-capacity vessels is paramount. The expansion of global supply chains, coupled with the rise of e-commerce and the need for rapid, cost-effective logistics, has intensified demand for container ships and bulk carriers. Additionally, emerging economies in Asia, Africa, and Latin America are investing heavily in port infrastructure and maritime logistics, further stimulating demand for new ship construction. This trend is expected to continue as globalization deepens and as nations seek to enhance their export and import capabilities.




    Technological advancements represent another significant driver in the ship building market. The adoption of automation, digitalization, and advanced materials is transforming ship design and manufacturing processes. Modern shipyards are increasingly leveraging artificial intelligence, robotics, and IoT-enabled systems to improve productivity, safety, and cost efficiency. Furthermore, the push for greener shipping, spurred by international regulations such as IMO 2020 and the Paris Agreement, is prompting shipbuilders to invest in vessels powered by alternative fuels like LNG, hydrogen, and electricity. These innovations not only help ship owners comply with stringent environmental standards but also provide competitive advantages in operational efficiency and lifecycle costs.




    The ship building market is also benefiting from increased defense spending and naval modernization programs worldwide. Governments are prioritizing the renewal and expansion of their naval fleets to address evolving security threats, maritime border protection, and humanitarian missions. This has led to heightened demand for technologically sophisticated military vessels, including frigates, submarines, and patrol ships. The dual-use nature of many shipbuilding technologies, which can be adapted for both commercial and military applications, further amplifies growth prospects for shipyards capable of serving both segments.




    Regionally, Asia Pacific dominates the ship building market, accounting for more than 60% of global production in 2024, with South Korea, China, and Japan leading the way. These countries benefit from established shipbuilding infrastructure, skilled labor, and supportive government policies. Meanwhile, Europe and North America continue to focus on specialized vessels and defense contracts, while emerging markets in the Middle East and Latin America are investing in new shipyards and maritime clusters to capture a share of the growing demand. This regional diversification is fostering healthy competition and innovation across the global ship building landscape.





    Ship Type Analysis



    The ship building market is segmented by ship type into oil tankers, bulk carriers, general cargo ships, container ships, passenger ships, and others. Among these, container ships and bulk carriers command the largest share of new vessel orders, driven by the need to transport commodities and manufactured goods efficiently across global trade routes. Container ships, in particular, have witnessed a surge in demand due to the expone

  9. Global Ship & Boat Building - Market Research Report (2015-2030)

    • ibisworld.com
    Updated Apr 15, 2025
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    IBISWorld (2025). Global Ship & Boat Building - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/global/market-research-reports/global-ship-boat-building-industry/
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    Dataset updated
    Apr 15, 2025
    Dataset authored and provided by
    IBISWorld
    License

    https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

    Time period covered
    2015 - 2030
    Description

    The global shipbuilding industry is estimated to grow at a CAGR of 3.2% reaching $236.4 billion by 2024, with an estimated growth of 2.1% in 2024 alone. Overall, the industry has seen geographic shifts with China emerging as a dominant force. Leveraging substantial government subsidies and strategic initiatives, China has modernized its shipyards and enhanced its technological capabilities. This has allowed Chinese shipbuilders to increase production volumes and compete fiercely for international contracts, especially in high-value segments such as LNG carriers and cruise ships. Meanwhile, legacy shipbuilding nations like South Korea and Japan remain competitive, but face increasing pressure from China's expanding influence and lower production costs, compelling them to innovate and specialize further.Another pivotal trend is the industry's move towards consolidation and technological advancements. Intense global competition and the rising demand for specialized, technologically advanced vessels have pushed many smaller firms to merge with larger entities, resulting in fewer but more robust players in the market. Concurrently, innovations in materials and automation technology have revolutionized the shipbuilding process. The use of corrosion-resistant alloys and composites has improved vessel durability and fuel efficiency, while automation and digitalization, including robotic welding and automated assembly lines, have significantly increased production efficiency and reduced costs, setting new industry standards.Shipbuilders rely heavily on trade, as maritime shipping is the most efficient method for moving goods intercontinentally, with large container ships and oil tankers offering substantial capacity. High trade activity boosts shipyard demand, while any dip in trade reduces it, impacting revenue. Militaries also significantly influence shipbuilding, particularly during conflicts, as countries like the US, China, and Russia maintain and expand their naval fleets. Evolving naval combat trends are shifting focus towards quality over quantity, encouraging demand for advanced support vessels. Meanwhile, anticipated declines in steel prices through 2029 could exert downward pressure on revenue growth and profit, partially offset by rising aluminum prices. Nevertheless, industry revenue is expected to grow at a CAGR of 1.9%, reaching $259.6 billion by 2029.

  10. Steel for Shipbuilding Market Report | Global Forecast From 2025 To 2033

    • dataintelo.com
    csv, pdf, pptx
    Updated Jan 7, 2025
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    Dataintelo (2025). Steel for Shipbuilding Market Report | Global Forecast From 2025 To 2033 [Dataset]. https://dataintelo.com/report/global-steel-for-shipbuilding-market
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    pdf, csv, pptxAvailable download formats
    Dataset updated
    Jan 7, 2025
    Dataset authored and provided by
    Dataintelo
    License

    https://dataintelo.com/privacy-and-policyhttps://dataintelo.com/privacy-and-policy

    Time period covered
    2024 - 2032
    Area covered
    Global
    Description

    Steel for Shipbuilding Market Outlook



    The global steel for shipbuilding market size was valued at USD 26.2 billion in 2023 and is projected to reach USD 38.8 billion by 2032, growing at a CAGR of 4.3% during the forecast period. This growth is driven primarily by the increasing demand for new ships owing to the expansion of global trade and the modernization of naval fleets. The continuous advancements in steel manufacturing technologies and the rising need for durable and resilient materials in shipbuilding are also significant contributors to the market's growth trajectory.



    One of the key growth factors in the steel for shipbuilding market is the burgeoning demand for commercial vessels. With global trade volumes increasing steadily, there is an ever-growing need for cargo ships, bulk carriers, and tankers. These vessels require high-quality steel for their hulls and structural components to ensure longevity and safety. Governments worldwide are also investing heavily in naval modernization programs, leading to an increased demand for specialized steel suitable for military vessels. This trend is expected to provide a substantial boost to the market over the forecast period.



    Additionally, environmental regulations are pushing the shipbuilding industry towards more sustainable practices, further fueling the demand for high-strength, corrosion-resistant steels. Governments and regulatory bodies are enforcing stringent emissions standards and promoting the use of eco-friendly materials. This has led to the adoption of advanced steel grades that offer better performance and lower environmental impact. The integration of innovative steel technologies that contribute to fuel efficiency and reduced emissions is another factor propelling the market growth.



    Technological advancements in steel production, such as the development of high-tensile steels and specialized alloys, are also driving market growth. These innovations not only enhance the durability and strength of the steel but also improve its resistance to harsh marine environments. Advanced steel grades such as duplex stainless steel and high-strength low-alloy (HSLA) steel are increasingly being used in shipbuilding. These materials offer superior mechanical properties, which are crucial for the construction of large and complex ships, thus broadening the market's scope.



    A36 Steel is one of the most commonly used grades of steel in the shipbuilding industry due to its excellent balance of strength, ductility, and weldability. This carbon steel grade is known for its versatility and is often employed in the construction of ship hulls and structural components. Its ability to withstand harsh marine environments while maintaining structural integrity makes it a preferred choice for shipbuilders. The cost-effectiveness of A36 Steel, combined with its mechanical properties, ensures that it remains a staple in the industry, particularly for commercial and naval vessels. As the demand for new ships continues to rise, the utilization of A36 Steel is expected to grow, supporting the industry's expansion and modernization efforts.



    Regionally, the Asia Pacific leads the market, driven by the robust shipbuilding industries in countries like China, South Korea, and Japan. These countries are home to some of the world's largest shipyards, and their advanced production capabilities contribute significantly to the global market. Europe and North America also contribute to market growth, with a focus on high-value naval and cruise ships. The Middle East & Africa and Latin America are emerging markets with growing investments in maritime infrastructure, offering new opportunities for market expansion.



    Type Analysis



    The steel for shipbuilding market is categorized into various types, including carbon steel, alloy steel, stainless steel, and others. Carbon steel holds a significant market share due to its cost-effectiveness and mechanical properties. It is widely used in the construction of hulls and other structural components of commercial and naval ships. The easy availability and versatility of carbon steel make it a preferred choice for shipbuilders. However, its susceptibility to corrosion necessitates regular maintenance and protective coatings, which can be a drawback in marine environments.



    Alloy steel is gaining traction in the shipbuilding industry owing to its enhanced mechanical properties and resistance to wear and tear. By combining diff

  11. Shipbuilding Market Share Analysis & Insights| 2025-2030

    • nextmsc.com
    csv, pdf
    Updated May 2025
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    Next Move Strategy Consulting (2025). Shipbuilding Market Share Analysis & Insights| 2025-2030 [Dataset]. https://www.nextmsc.com/report/shipbuilding-market-at3301
    Explore at:
    pdf, csvAvailable download formats
    Dataset updated
    May 2025
    Dataset authored and provided by
    Next Move Strategy Consulting
    License

    https://www.nextmsc.com/privacy-policyhttps://www.nextmsc.com/privacy-policy

    Time period covered
    2024 - 2030
    Area covered
    Global
    Description

    In 2024, the Shipbuilding Market reached USD 163.66 Bn and is expected to register a revenue of USD 203.14 Bn by 2030 with a CAGR of 3.6% from 2025 to 2030.

  12. S

    Shipbuilding Market Report

    • marketreportanalytics.com
    doc, pdf, ppt
    Updated Jun 21, 2025
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    Market Report Analytics (2025). Shipbuilding Market Report [Dataset]. https://www.marketreportanalytics.com/reports/shipbuilding-market-104744
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    doc, pdf, pptAvailable download formats
    Dataset updated
    Jun 21, 2025
    Dataset authored and provided by
    Market Report Analytics
    License

    https://www.marketreportanalytics.com/privacy-policyhttps://www.marketreportanalytics.com/privacy-policy

    Time period covered
    2025 - 2033
    Area covered
    Global
    Variables measured
    Market Size
    Description

    The global shipbuilding market, valued at $145.67 billion in 2025, is projected to experience robust growth, driven by increasing global trade, rising demand for specialized vessels like LNG carriers and container ships, and government investments in port infrastructure and maritime transportation. The 4.84% CAGR forecast for 2025-2033 indicates a significant market expansion over the next decade. Key growth drivers include the ongoing need for efficient and environmentally friendly shipping solutions, leading to increased orders for fuel-efficient vessels and those equipped with advanced technologies like scrubbers. Furthermore, the recovery of the global economy post-pandemic is fueling demand for maritime transportation, boosting the shipbuilding sector. However, challenges remain, including fluctuating raw material prices, stringent environmental regulations leading to increased production costs, and geopolitical uncertainties that can disrupt supply chains and investment decisions. Leading players like China State Shipbuilding Corporation, Hyundai Heavy Industries, and Samsung Heavy Industries are strategically investing in research and development to enhance their competitive edge through technological advancements and innovation. This competitive landscape is characterized by ongoing consolidation and collaboration, with major players seeking to expand their market share through mergers and acquisitions, strategic partnerships, and the development of cutting-edge shipbuilding technologies. The market is segmented by vessel type (e.g., bulk carriers, tankers, container ships, specialized vessels), propulsion technology (e.g., conventional, LNG, hybrid), and geographical region. While precise regional breakdowns are unavailable, the market is expected to witness significant growth in Asia, driven by its robust manufacturing base and increasing trade volumes. Europe and North America will continue to contribute substantially, albeit at a potentially slower pace compared to Asia, reflecting mature market conditions and varying levels of investment. Predicting future market performance accurately requires close monitoring of geopolitical events, global trade patterns, and technological advancements within the maritime industry. Recent developments include: August 2023: The Canadian government announced that it would invest CAD 463 million (USD 345 million) in shipbuilding infrastructure to move forward with the Surface Combatant (CSC) program. It calls for the construction of 15 new warships that will be a key component of the future Royal Canadian Navy. The funds will be used to prepare the Irving Shipyard and adjacent facilities in Nova Scotia for construction, which is now slated to begin next year for the program., May 2023: Vard Marine Inc., in collaboration with Team Vigilance partner firms Heddle Shipyards, Thales Canada, SH Defence, and Fincantieri, unveiled the Vigilance Offshore Patrol Vessel at CANSEC 2023. Team Vigilance partner firms collectively bring extensive and significant capabilities and expertise to bear in naval ship design, Canadian and worldwide construction, combat and offboard system integration, modular payload systems, and life-cycle solutions., May 2023: Garden Reach Shipbuilders and Engineers Ltd established the GRSE Accelerated Innovation Nurturing Scheme to find and stimulate the creation of new solutions as part of the shipyard's technological development activities. GAINS intends to address current and emerging ship design and construction issues while simultaneously accomplishing the goals of Atmanirbhar Bharat., March 2023: The Ministry of Ports, Shipping, and Waterways (MoPSW) in India launched the 'Green Tug Transition Programme' (GTTP) to make India a global hub for building green ships. The GTTP will convert all tugboats operating in the country into 'Green Hybrid Tugs' that run on non-fossil fuels such as Methanol, Ammonia, and Hydrogen.. Key drivers for this market are: Increasing Trade Activities Between Countries to Drive the Market. Potential restraints include: Increasing Trade Activities Between Countries to Drive the Market. Notable trends are: Increasing Trade and Naval Activities Between Countries to Drive the Market.

  13. Shipbuilding in Europe - Market Research Report (2015-2030)

    • ibisworld.com
    Updated Apr 15, 2025
    + more versions
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    IBISWorld (2025). Shipbuilding in Europe - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/europe/industry/shipbuilding/200514/
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    Dataset updated
    Apr 15, 2025
    Dataset authored and provided by
    IBISWorld
    License

    https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

    Time period covered
    2015 - 2030
    Area covered
    Europe
    Description

    European shipbuilding has contended with fierce international competition from Asian shipyards, which has siphoned sales away from cargo shipbuilders and restricted revenue growth over the past decade. Further adding to the industry’s woes, the COVID-19 pandemic weighed heavily on demand as travel came to a standstill. In 2020, contracting levels at European yards were extremely low, with only 0.9 million compensated gross tonnage (mCGT) ordered, down 64% from 2019. The three EU countries with the most significant order books – Italy (through Fincantieri SpA), Germany and Finland – have suffered from weaker order volumes post-pandemic compared to China and South Korea; figures from SWZ Maritime show that in spring 2023, China and South Korea's global shipbuilding output accounted for 48.7 mCGT and 38.7 mCGT, respectively, compared with EU, Norway and the UK's collective output of 8.5 mCGT. Over the five years through 2024, revenue is expected to tumble at a compound annual rate of 3.1% to €53.8 billion. Revenue tanked in 2020, predominately led by Germany, where shipbuilding revenue plummeted by 54.6%. Weak order volumes throughout the year had a lagged impact, weighing on the industry's recovery, given that ship construction can take up to 24 months. Similarly, the average profit margin has tumbled because of high costs for key inputs, like steel; world steel prices more than doubled in 2021 as global supply dropped and demand skyrocketed following the pandemic. Prices remain elevated in 2023, lowering the global competitiveness of European shipbuilding. Over 2024, revenue is forecast to contract by 2.1% as intense international competition limits demand. Over the five years through 2029, revenue is slated to climb at a compound annual rate of 3.6% to reach €64.3 billion. Asian shipyards will continue taking global market share away from Europe and pressure revenue growth. However, opportunities remain in the military segment of the market, with increased defence budgets causing an uptick in naval ship orders, benefitting the likes of BAE Systems. Similarly, ongoing support from European governments will fuel the development of shipbuilding and ship repair yards, offering tax incentives and other assistance to encourage investment in the sector.

  14. S

    Shipbuilding Market Report

    • marketreportanalytics.com
    doc, pdf, ppt
    Updated Mar 20, 2025
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    Market Report Analytics (2025). Shipbuilding Market Report [Dataset]. https://www.marketreportanalytics.com/reports/shipbuilding-market-14746
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    pdf, ppt, docAvailable download formats
    Dataset updated
    Mar 20, 2025
    Dataset authored and provided by
    Market Report Analytics
    License

    https://www.marketreportanalytics.com/privacy-policyhttps://www.marketreportanalytics.com/privacy-policy

    Time period covered
    2025 - 2033
    Area covered
    Global
    Variables measured
    Market Size
    Description

    The global shipbuilding market, valued at $103.4 billion in 2025, is projected to experience steady growth, driven by increasing global trade, the expansion of maritime infrastructure, and a growing demand for specialized vessels across commercial and defense sectors. The Compound Annual Growth Rate (CAGR) of 3.95% from 2025 to 2033 indicates a consistent, albeit moderate, expansion. Key drivers include the ongoing need for efficient cargo transport, particularly in the oil and bulk carrier segments, and the modernization of naval fleets in various regions. Trends such as the adoption of advanced shipbuilding technologies (e.g., automation, AI-driven design) and sustainable practices (e.g., reduced emissions, eco-friendly materials) are shaping the market landscape, alongside increasing focus on vessel safety and security regulations. However, factors like fluctuating raw material prices, geopolitical uncertainties impacting global trade, and potential labor shortages in skilled shipbuilding workforce could act as restraints on market growth. The market is segmented by application (commercial and defense) and vessel type (oil tankers, bulk carriers, cargo ships, and others), with the commercial sector expected to dominate due to high demand for freight transportation. Leading companies like Hyundai Heavy Industries, Samsung Heavy Industries, and others are actively competing based on innovation, technological advancements, and strategic partnerships. Regional variations in market growth are expected, with Asia-Pacific likely maintaining a significant share due to established shipbuilding clusters and robust domestic demand. North America and Europe will continue to contribute substantially driven by defense spending and commercial requirements. The forecast period (2025-2033) reveals a trajectory of growth influenced by evolving global economic conditions and technological innovations within the industry. While the CAGR suggests a stable increase, the actual growth rate in each year will depend on several factors like fuel prices, government regulations, and global trade dynamics. The competitive landscape is characterized by a mix of large multinational corporations and specialized regional shipyards. The market will see continued consolidation as companies seek to achieve economies of scale and gain a competitive edge. Investment in research and development focused on sustainability and automation will play a crucial role in shaping future market leaders. The market's long-term prospects are positive, fueled by the enduring need for maritime transport and ongoing technological improvements in vessel design and construction.

  15. Global market share of China's shipbuilding industry 2014-2021

    • statista.com
    Updated Dec 20, 2024
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    Statista (2024). Global market share of China's shipbuilding industry 2014-2021 [Dataset]. https://www.statista.com/statistics/1064162/china-global-market-share-of-shipbuilding-industry/
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    Dataset updated
    Dec 20, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    China
    Description

    In 2021, China's shipbuilding industry held a 48.4 percent share of the global shipbuilding market, based on the metric tons of deadweight completed in that year. In addition, new orders received and orders in hand held 52 percent and 48.1 percent of global share in 2021, respectively.

  16. Global Robotics in Shipbuilding Market Strategic Recommendations 2025-2032

    • statsndata.org
    excel, pdf
    Updated Jun 2025
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    Stats N Data (2025). Global Robotics in Shipbuilding Market Strategic Recommendations 2025-2032 [Dataset]. https://www.statsndata.org/report/robotics-in-shipbuilding-market-357688
    Explore at:
    excel, pdfAvailable download formats
    Dataset updated
    Jun 2025
    Dataset authored and provided by
    Stats N Data
    License

    https://www.statsndata.org/how-to-orderhttps://www.statsndata.org/how-to-order

    Area covered
    Global
    Description

    The Robotics in Shipbuilding market has emerged as a pivotal force in transforming marine manufacturing processes, enhancing efficiency, and ensuring precision in vessel construction. With the global shipbuilding industry facing immense pressure to reduce costs and deliver high-quality vessels faster, robots and aut

  17. C

    Commercial Shipbuilding Report

    • promarketreports.com
    doc, pdf, ppt
    Updated May 3, 2025
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    Pro Market Reports (2025). Commercial Shipbuilding Report [Dataset]. https://www.promarketreports.com/reports/commercial-shipbuilding-145081
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    pdf, doc, pptAvailable download formats
    Dataset updated
    May 3, 2025
    Dataset authored and provided by
    Pro Market Reports
    License

    https://www.promarketreports.com/privacy-policyhttps://www.promarketreports.com/privacy-policy

    Time period covered
    2025 - 2033
    Area covered
    Global
    Variables measured
    Market Size
    Description

    The global commercial shipbuilding market, valued at $8,438.1 million in 2025, is poised for significant growth. While a precise CAGR isn't provided, considering the industry's cyclical nature and ongoing investments in sustainable shipping solutions, a conservative estimate of 5-7% CAGR from 2025-2033 appears reasonable. This growth is fueled by several key drivers. Increasing global trade necessitates a larger and more efficient cargo fleet, driving demand for newbuild vessels, particularly larger container ships and tankers. Furthermore, the growing tourism sector is boosting demand for passenger ships. Technological advancements, including automation and the adoption of cleaner fuel technologies (LNG, ammonia) are also shaping market dynamics. However, fluctuating raw material prices, particularly steel, and geopolitical uncertainties represent significant headwinds. The market is segmented by vessel type (cargo ships, tankers, fishing boats, passenger ships) and application (cargo transport, passenger transport, others). Key players like Hyundai Heavy Industries, Daewoo Shipbuilding, and Samsung Heavy Industries dominate the landscape, engaged in fierce competition for market share. Regional variations in growth are anticipated, with Asia-Pacific projected to maintain a substantial lead owing to strong economic growth and substantial shipbuilding capacity within the region. North America and Europe will see consistent, albeit potentially slower, growth driven by domestic and regional trade requirements. The market's future trajectory hinges on several factors. The ongoing decarbonization efforts in the maritime industry will incentivize investment in greener technologies, presenting both opportunities and challenges for shipbuilders. Government regulations concerning emissions and safety standards will influence design and manufacturing practices. Supply chain resilience and the availability of skilled labor will also play critical roles in determining the market's ability to meet future demand. Continuous technological innovation, including autonomous vessels and advanced digitalization, promises to further transform the shipbuilding landscape. The predicted growth underscores the enduring importance of commercial shipbuilding in supporting global trade and economic activity. This report provides a comprehensive analysis of the global commercial shipbuilding market, projecting a market value exceeding $150 billion by 2028. It delves into key segments, dominant players, and emerging trends shaping this dynamic industry.

  18. Digital Shipbuilding Market Report | Global Forecast From 2025 To 2033

    • dataintelo.com
    csv, pdf, pptx
    Updated Sep 23, 2024
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    Dataintelo (2024). Digital Shipbuilding Market Report | Global Forecast From 2025 To 2033 [Dataset]. https://dataintelo.com/report/global-digital-shipbuilding-market
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    csv, pdf, pptxAvailable download formats
    Dataset updated
    Sep 23, 2024
    Dataset authored and provided by
    Dataintelo
    License

    https://dataintelo.com/privacy-and-policyhttps://dataintelo.com/privacy-and-policy

    Time period covered
    2024 - 2032
    Area covered
    Global
    Description

    Digital Shipbuilding Market Outlook



    The global digital shipbuilding market size was valued at approximately USD 3.5 billion in 2023 and is expected to reach nearly USD 14 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 16.5% during the forecast period. This robust growth is primarily driven by increasing demand for modern, efficient shipbuilding processes that leverage digital technologies to enhance productivity, reduce costs, and improve overall vessel performance.



    One of the key growth factors for the digital shipbuilding market is the rising adoption of advanced technologies such as 3D modeling, digital twins, and the Internet of Things (IoT). These technologies help in streamlining the design, manufacturing, and operational processes, leading to faster production cycles and reduced human errors. Additionally, the growing emphasis on sustainability and eco-friendly practices in the maritime industry has led to the incorporation of digital solutions that aid in minimizing waste and optimizing resource use, further propelling market growth.



    The increasing complexity of modern ships and offshore structures has also necessitated the adoption of digital shipbuilding techniques. Traditional shipbuilding methods are becoming insufficient to meet the stringent quality and performance standards required for contemporary maritime operations. Digital shipbuilding enables better visualization, simulation, and analysis during the design and construction phases, ensuring higher precision and better compliance with regulatory requirements. Consequently, shipbuilders and marine equipment manufacturers are increasingly investing in digital technologies to stay competitive in the global market.



    Moreover, the integration of Artificial Intelligence (AI) and augmented reality/virtual reality (AR/VR) into shipbuilding processes is revolutionizing the industry. AI-driven analytics provide valuable insights for predictive maintenance and operational optimization, while AR/VR technologies enhance training and safety procedures by offering immersive, real-time experiences. These advancements not only improve operational efficiency but also contribute to significant cost savings, thereby driving the digital shipbuilding market forward.



    Regionally, Asia Pacific is expected to dominate the digital shipbuilding market, driven by the presence of major shipbuilding nations such as China, South Korea, and Japan. These countries are heavily investing in digital technologies to maintain their leadership in the global shipbuilding industry. North America and Europe are also anticipated to witness substantial growth, supported by technological advancements and the increasing focus on modernization and automation in shipbuilding activities.



    Technology Analysis



    The digital shipbuilding market is segmented by various technologies, including 3D modeling, digital twins, augmented reality/virtual reality (AR/VR), the Internet of Things (IoT), artificial intelligence (AI), and others. Each of these technologies plays a pivotal role in transforming traditional shipbuilding processes into more streamlined, efficient, and cost-effective operations.



    3D modeling is one of the foundational technologies in digital shipbuilding. It allows for the creation of highly detailed and accurate digital representations of ships and their components. These models facilitate better visualization and simulation, enabling engineers to identify and rectify potential issues before physical construction begins. This not only reduces errors and rework but also accelerates the design and manufacturing phases, leading to significant cost and time savings.



    Digital twin technology takes 3D modeling a step further by creating a virtual replica of physical assets. These digital twins provide real-time data on the performance, condition, and behavior of ships and their systems, enabling continuous monitoring and optimization. Through predictive maintenance and advanced analytics, digital twins help in minimizing downtime, enhancing operational efficiency, and extending the lifecycle of vessels. This technology is particularly valuable for complex and high-value ships, such as military vessels and offshore platforms.



    Augmented reality (AR) and virtual reality (VR) are revolutionizing training, maintenance, and operational procedures in the shipbuilding industry. AR overlays digital information onto the physical world, providing real-time guidance and insights to workers during construction and maintenance activities. VR, on the other

  19. Global Naval Shipbuilding Market Strategic Recommendations 2025-2032

    • statsndata.org
    excel, pdf
    Updated May 2025
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    Stats N Data (2025). Global Naval Shipbuilding Market Strategic Recommendations 2025-2032 [Dataset]. https://www.statsndata.org/report/naval-shipbuilding-market-378973
    Explore at:
    pdf, excelAvailable download formats
    Dataset updated
    May 2025
    Dataset authored and provided by
    Stats N Data
    License

    https://www.statsndata.org/how-to-orderhttps://www.statsndata.org/how-to-order

    Area covered
    Global
    Description

    The Naval Shipbuilding market plays a pivotal role in the defense and maritime sectors, facilitating the construction and repair of naval vessels that are crucial for national security and maritime operations. This industry encompasses a wide range of activities, from the design and engineering of advanced warships

  20. Shipbuilding in Norway - Market Research Report (2015-2030)

    • ibisworld.com
    Updated Apr 15, 2025
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    IBISWorld (2025). Shipbuilding in Norway - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/norway/industry/shipbuilding/200514
    Explore at:
    Dataset updated
    Apr 15, 2025
    Dataset authored and provided by
    IBISWorld
    License

    https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

    Time period covered
    2015 - 2030
    Area covered
    Norway
    Description

    European shipbuilding has contended with fierce international competition from Asian shipyards, which has siphoned sales away from cargo shipbuilders and restricted revenue growth over the past decade. Further adding to the industry’s woes, the COVID-19 pandemic weighed heavily on demand as travel came to a standstill. In 2020, contracting levels at European yards were extremely low, with only 0.9 million compensated gross tonnage (mCGT) ordered, down 64% from 2019. The three EU countries with the most significant order books – Italy (through Fincantieri SpA), Germany and Finland – have suffered from weaker order volumes post-pandemic compared to China and South Korea; figures from SWZ Maritime show that in spring 2023, China and South Korea's global shipbuilding output accounted for 48.7 mCGT and 38.7 mCGT, respectively, compared with EU, Norway and the UK's collective output of 8.5 mCGT. Over the five years through 2024, revenue is expected to tumble at a compound annual rate of 3.1% to €53.8 billion. Revenue tanked in 2020, predominately led by Germany, where shipbuilding revenue plummeted by 54.6%. Weak order volumes throughout the year had a lagged impact, weighing on the industry's recovery, given that ship construction can take up to 24 months. Similarly, the average profit margin has tumbled because of high costs for key inputs, like steel; world steel prices more than doubled in 2021 as global supply dropped and demand skyrocketed following the pandemic. Prices remain elevated in 2023, lowering the global competitiveness of European shipbuilding. Over 2024, revenue is forecast to contract by 2.1% as intense international competition limits demand. Over the five years through 2029, revenue is slated to climb at a compound annual rate of 3.6% to reach €64.3 billion. Asian shipyards will continue taking global market share away from Europe and pressure revenue growth. However, opportunities remain in the military segment of the market, with increased defence budgets causing an uptick in naval ship orders, benefitting the likes of BAE Systems. Similarly, ongoing support from European governments will fuel the development of shipbuilding and ship repair yards, offering tax incentives and other assistance to encourage investment in the sector.

Share
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Email
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Link copied
Close
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Statista (2025). Size of the global shipbuilding market 2020-2030 [Dataset]. https://www.statista.com/statistics/1102252/size-of-the-global-shipbuilding-market/
Organization logo

Size of the global shipbuilding market 2020-2030

Explore at:
3 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Jun 27, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
2021
Area covered
Worldwide
Description

The global shipbuilding market is expected to increase by a compound annual growth rate (CAGR) of around *** percent in between 2020 and 2030. While the market was sized at nearly *** billion U.S. dollars in 2022, is is projected to increase to over *** billion U.S. dollars in size in 2030.

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