The shipbuilding industry is responsible for the design and construction
of oceangoing vessels all around the world. Most of the global ship
production today is concentrated in Asian countries such as China, Japan
and South Korea, though large shipyards also exist in many other
countries. The shipbuilding industry is involved in the construction and
modification of ships and these operations are carried out in
specialized facilities called shipyards.
Commercial ships or vessels can be broadly segmented into segments that
include tankers; bulkers; LNG carriers; LPG carriers; containers and
others. Ships are built on custom made to order. Shipbuilding process
starts with inquiries from customers, followed by completion of various
processes until the vessel is completed. It takes at least 2 years to
complete the manufacturing of a ship.
South Korea is a major contributor to the global shipbuilding market in terms of new shipbuilding orders whereas China has contributed a significant share in the global shipbuilding completions. Europe has experienced growth in its shipbuilding orderbook.
The global shipbuilding market is expected to grow in future due to increasing seaborne trade and economic growth, rising energy consumption, demand of eco-friendly ships and shipping services. Key trends of this market growing market segments, significant consumption of steel, average age of global fleet, advancements in container shipping, rising demand for LNG fueled engine. However, there are some factors which can hinder the market growth including associated risk of cyber breaches and environmental regulations.
- Hyundai Heavy Industries
- Daewoo Shipbuilding and Marine Engineering
- Samsung Heavy Industries
Key Topics Covered:
1. Shipbuilding Market - An Overview
2. Global Shipbuilding Market Analysis
3. Regional Market Analysis
4. Global Commercial Vessel Market Analysis
5. Market Dynamics
6. Competitive Landscape
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/hr9q3w/global?w=4