Global Shipbuilding Market: Size, Trends & Forecasts 2016-2020 - Driven by Rise in Seaborne Trade - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Shipbuilding Market: Size, Trends and Forecasts 2016-2020" report to their offering.

The maritime business has long been known for being cyclical. In times of growth and high profits, ship owners have positive cash flows and they order new capacity. This capacity, however, takes time to be delivered. There are waiting times, because shipbuilding berths tend to be full in times of prosperity; any new construction will only be started two to three years after it has been ordered, and then the construction itself can take up to one year.

During the industry's boom years, the world saw records for new vessel orders being set year after year. The companies in this industry build and repair barges, cargo ships, naval vessels, and passenger ships, as well as platforms used for oil and gas drilling and production.

South Korea, China, and Japan are the leading countries in the market accounting almost the entire global shipbuilding market. The shipbuilders in a given country typically specialize in certain types of vessels. South Korean companies, tend to focus on container ships and tankers. China produces large numbers of dry bulk containers and Japan builds large numbers of oil tankers.

The growth drivers of the global shipbuilding market, especially for the global shipbuilding market are: rise in seaborne trade & shipping confidence level and an upsurge in the demand for eco-friendly ships. Despite the market is governed by various growth drivers, there are certain challenges faced by the market such as: volatile oil prices, write-downs on existing backlogs, increasing competition in the commercial segment, delay in financial decisions, political & financial instability, financial crises and stringent environmental regulations.

Companies Mentioned:

  • Daewoo Shipbuilding and Marine Engineering Company
  • Hyundai Heavy Industries Co., Ltd.
  • Mitsubishi Heavy Industries, Ltd.

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Global Market Analysis

4. Regional Market Analysis

5. Market Dynamics

6. Competitive Landscape

7. Company Profiling

For more information visit http://www.researchandmarkets.com/research/rwp4gf/global

Contacts

Research and Markets
Laura Wood, Senior 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
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Shipbuilding and Ship Parts

Contacts

Research and Markets
Laura Wood, Senior 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
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Shipbuilding and Ship Parts