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Commercial Shipbuilding Comprehensive Market Segmentation: By Product type (Cargo ships, Tankers, Fishing Boats, Specialist Ships, Passenger Ships and Others); by Application (Cargo Transport, Passenger Transport and Others); by Region (North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa) - Analysis of market share, size & trends for 2016-19 and forecasts to 2030
[ 170 + Pages Research Report ] Commercial Shipbuilding Comprehensive Market to reach USD 89.9 billion by 2030 from USD 57.50 billion in 2020 at a CAGR of 4.5 in the coming years, i.e., 2021-30.
Commercial Shipbuilding is a process of shipbuilding along with floating vessels, especially for commercial purposes. The building process takes place inside a particular building, i.e. Shipyards known as shipbuilders, by specialized experts. There are several types of shipbuilding on the market, namely: container ships, tankers, fishing vessels, specialist ships, and passenger ships.
Commercial Shipbuilding Comprehensive Market is estimated to reach a market share of USD 89.9 billion from USD 57.50 billion in 2019. The Commercial Shipbuilding Market is projected to grow at a CAGR of 4.5% during the forecast period, i.e., 2020-2030. The market is anticipated to grow due to several reasons. The major driving forces of the market are expected to be factors such as growing maritime-borne commerce, rising disposable incomes, efficient energy utilization, new mergers, and rising demand for environmentally-friendly ships. Furthermore, the escalating number of passenger sailing is expected to fuel the growth of the commercial shipbuilding market. Associated with increased FDI, enhanced customer buying power, and growing population in developing economies have increased the demand for commercial shipbuilding. Additionally, rapid industrial development and economic liberalization have increased the amount of trade between countries. Shipping has emerged as pocket-friendly and emits fewer carbon units.
Source: Fatpos Global
In October 2019, Samsung Heavy Industries has taken the lead in the large-scale vessels market by bagging orders for ultra-large containerships, valued at more than KRW 1 trillion.
The passenger Transport segment is anticipated to drive the overall market growth during the forecast period
Based on application, the global commercial shipbuilding market is categorized into cargo transport, passenger transport, and others. Cargo transport has remained a dominant stakeholder in the commercial shipbuilding market with a market share of USD XXXX million in 2019. During the forecast period, the Passenger transport system is likely to boost the commercial shipbuilding market due to water transport being the most cost-effective mode of transportation, improving the standard of living of people in developing economies where the population is growing and does not require a huge investment.
Source: Fatpos Global
Tankers and Bulkers segment to grow at a CAGR of XX%, propelling a huge mount in total revenue
Based on product type, the commercial shipbuilding market is segmented into Cargo ships, Tankers, Fishing Boats, Specialist Ships, Passenger Ships, and Others. The tankers and bulkers segment is likely to fuel the market growth. Growing demand in emerging economies for freight forwarders and energy use has driven global demands for bulkers and tankers. As a result of an increase in the adoption by domestic shipbuilders of advanced technology-based shipbuilding equipment, the commercial shipbuilding segment is likely to hold a market share of USD XXXX million by 2030.
Source: Fatpos Global
Increased Water Transportation
The increase in the maritime transportation of goods, humans, and other things is one of the major factors which are boosting the commercial shipbuilding market. Moreover, after the LPG reforms, there has been rapid industrialization, and trade policies have become quite liberal propelling the volume of international trade. Foreign direct investments have increased significantly which has helped people to earn more and improve their standard of living. These factors coupled with significant innovations in the shipbuilding market will drive the growth of the market crazily.
Increasing Competition from Rivals
As the number of players has increased in the shipbuilding market, there has been a significant increase in competition which poses a serious threat to the other rivals’ growth in the market. The innovation of new technologies and fuel-efficient techniques are likely to gain more attention in the forecast period.
Hyundai Heavy Industry
Company overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Daewoo Shipbuilding
Samsung Heavy Industry
Hyundai Samho
Mitsubishi Heavy Industry
Tsuneishi Shipbuilding
Oshima Shipbuilding
BAE Systems Plc
General Dynamics Corp
Others
The global commercial shipbuilding market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, and the rest of the world are classified as Middle-East and Africa.
Asia-Pacific is projected to be the fastest-growing region with a CAGR of XX%
North America and Europe held the largest market share in 2019 due to the presence of various vendors. But for numerous factors, the Asia-Pacific region is seeing rapid market growth, such as increasing regional maritime transportation, improving the standard of living, and various policies implemented for developments in AI technology. During the forecast period, over 86% of overall market growth originate mainly from China, South Korea, and Japan. Hence, APAC is to drive the overall growth of the market in the forecasted period.
Source: Fatpos Global
The global Commercial Shipbuilding Comprehensive market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- the United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- Mexico, Argentina, Brazil, and Rest of Latin America
Commercial Shipbuilding Comprehensive Market by segment:
By Product Type
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