Worldwide Ship Repairing Industry to 2030 - Featuring Damen Shipyards, Sembcorp Marine & Oman Drydock Company Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Ship Repairing Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global ship repairing market as it emerges from the COVID-19 shut down.

The global ship repairing market is expected to grow from $30.16 billion in 2020 to $32.29 billion in 2021 at a compound annual growth rate (CAGR) of 7.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $39.04 billion in 2025 at a CAGR of 4.9%.

Companies Mentioned

• Hyundai Mipo Dockyard Co., Ltd
• China Shipbuilding Industry Corporation (CSIC)
• Damen Shipyards Group
• Sembcorp Marine Ltd.
• Oman Drydock Company
• Cochin Shipyard Limited
• United Shipbuilding Corporation
• Arab Shipbuilding and Repair Yard
• Fincantieri S.p.A
• Keppel Offshore and Marine
• Orskov Yard A/S
• Tsuneishi Holdings Corporation
• Swissco Holdings Limited
• Egyptian Ship Repair & Building Company
• Desan Shipyard
• Dae Sun Shipbuilding & Engineering Co. Ltd.
• Dundee Marine & Industrial Services Pte Ltd.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
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• Benchmark performance against key competitors.
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The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider ship repairing market, and compares it with other markets.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
• The ship repairing market section of the report gives context. It compares the ship repairing market with other segments of the ship repairing market by size and growth, historic and forecast.

The ship repairing market consists of revenue generated by sales of ship repairing services by entities (organizations, sole traders and partnerships) that operate shipyards. Only goods and services traded between entities or sold to end consumers are included.

The ship repairing market covered in this report is segmented by vessel type into oil and chemical tankers; bulk carriers; general cargo; container ships; gas carriers; offshore vessels; passenger ships and ferries; mega yachts and other vessels, and by application into general services; dockage; hull part; engine parts; electric works; auxiliary services.

The increasing seaborne trade is anticipated to drive the growth of the ship repairing market. Seaborne transport, which plays a key role in the development of a country, involves ports, inland water systems, ship repair, shipping and ship building. According to the United Nations Conference on Trade and Development (UNCTAD), international seaborne trade volume increased from 10.7 billion tons in 2017 to 11.0 billion tons in 2018 and is projected to expand at an average annual growth rate of 3.5% during 2019-2024. According to the Indian Ministry of Shipping, approximately 70% of India's value trading and 95% of India's volume is handled by seaborne transport. Upswing activities in sea-borne trade activities increase the need for regular maintenance and repairs. This scenario is expected to augment the demand for the ship repairing market.

For more information about this report visit https://www.researchandmarkets.com/r/qtamp2