Shipbuilding market: APAC is estimated to contribute 73% to the growth of the global market during the forecast period- Technavio

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Dec 06, 2022, 07:45 ET

NEW YORK, Dec. 6, 2022 /PRNewswire/ -- The shipbuilding market size is forecast to grow by USD 24.52 billion at a CAGR of 4.5% between 2022 and 2027. APAC is forecasted to contribute 73% to the growth of the global market during the forecast period. Increasing developments in the regional maritime transportation sector are acting as the major driving force for the regional shipbuilding market. China, Japan, South Korea, Singapore, Hong Kong, Thailand, and Malaysia are the leading countries in terms of seaport transportation of goods and, therefore, drive the growth of the shipbuilding market in the region.

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Competitive analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others, Buy the report

Shipbuilding Market: Segmentation Analysis

Technavio has segmented the shipbuilding market by application (commercial and defense), type (oil tankers, bulk carriers, cargo ships, and others), and geography (APAC, Europe, South America, North America, and Middle East and Africa). The report provides actionable insights and estimates the contribution of all segments to the growth of the global market.

The commercial segment will hold the largest share of the market's growth during the forecast period. The growth of the shipbuilding commercial segment is driven by the increase in international trade through maritime logistics. This is resulting in an increase in container handling operations at marine ports, which are accelerating the need for commercial ships and vessels.
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Key factors driving market growth

Increasing seaborne trading is notably driving the shipbuilding market growth. Over the last couple of decades, it has been recorded that the shipbuilding industry has witnessed an increase in the overall trade volume.
Furthermore, technological advancement is also contributing to the growth of seaborne trading. The improved fuel efficiency and multi-fuel engine have made shipping an efficient method of transportation.
Due to an increase in population in developing economies the demand for goods and raw materials is rapidly increasing. This is also a major factor behind the rise in seaborne trading.

Leading trends influencing the market

An increase in demand for eco-friendly ships is the primary trend shaping the shipbuilding market.
The initial International Maritime Organization strategy was adopted during the 72nd session on 13 April 2018 by the Marine Environment Protection Committee to control greenhouse gas emissions from ships. The vision behind the adoption of this strategy was to reduce 40% of the global average of CO2 emissions by 2030 from shipping.
The need for eco-friendly ships, which adhere to the current norms, will rise due to such environmental regulations. The trend is expected to continue during the forecast period.

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What are the key data covered in the shipbuilding market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the shipbuilding market between 2023 and 2027
Precise estimation of the size of the shipbuilding market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the shipbuilding market across APAC, North America, Europe, Middle East and Africa, and South America
Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of shipbuilding market vendors

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Shipbuilding Market Scope
Report Coverage	Details
Page number	163
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 4.5%
Market growth 2023-2027	USD 24.52 billion
Market structure	Fragmented
YoY growth 2022-2023 (%)	3.65
Regional analysis	APAC, Europe, South America, North America, and Middle East and Africa
Performing market contribution	APAC at 73%
Key countries	China, South Korea, Japan, The Philippines, and Poland
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	BAE Systems Plc, Conrad Industries Inc., Damen Shipyards Group, Derecktor Shipyards, Fincantieri Spa, Fr. Fassmer GmbH and Co. KG, General Dynamics Corp., Huntington Ingalls Industries Inc., Hyundai Heavy Industries Co. Ltd., IHI Corp., IMABARI SHIPBUILDING CO. LTD., International Maritime Industries, Oshima Shipbuilding Co. Ltd., Paramount Maritime Holdings, Samsung Heavy Industries Co. Ltd., Ulstein Group ASA, Uzmar Shipbuilding and Trade Inc., Cheoy Lee Shipyards Ltd., Mitsubishi Heavy Industries Ltd., and Sumitomo Heavy Industries, Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

1.1 Market Overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market Definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global shipbuilding market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on Global shipbuilding market 2017 - 2021 ($ billion)

4.2 Application Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

4.3 Type Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments

Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

6.2 Comparison by Application

Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application

6.3 Commercial - Market size and forecast 2022-2027

Exhibit 34: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Commercial - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

6.4 Defense - Market size and forecast 2022-2027

Exhibit 38: Chart on Defense - Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Defense - Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Defense - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Defense - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Application

Exhibit 42: Market opportunity by Application ($ billion)

7 Market Segmentation by Type

7.1 Market segments

Exhibit 43: Chart on Type - Market share 2022-2027 (%)
Exhibit 44: Data Table on Type - Market share 2022-2027 (%)

7.2 Comparison by Type

Exhibit 45: Chart on Comparison by Type
Exhibit 46: Data Table on Comparison by Type

7.3 Oil tankers - Market size and forecast 2022-2027

Exhibit 47: Chart on Oil tankers - Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Data Table on Oil tankers - Market size and forecast 2022-2027 ($ billion)
Exhibit 49: Chart on Oil tankers - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Oil tankers - Year-over-year growth 2022-2027 (%)

7.4 Bulk carriers - Market size and forecast 2022-2027

Exhibit 51: Chart on Bulk carriers - Market size and forecast 2022-2027 ($ billion)
Exhibit 52: Data Table on Bulk carriers - Market size and forecast 2022-2027 ($ billion)
Exhibit 53: Chart on Bulk carriers - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Bulk carriers - Year-over-year growth 2022-2027 (%)

7.5 Cargo ships - Market size and forecast 2022-2027

Exhibit 55: Chart on Cargo ships - Market size and forecast 2022-2027 ($ billion)
Exhibit 56: Data Table on Cargo ships - Market size and forecast 2022-2027 ($ billion)
Exhibit 57: Chart on Cargo ships - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Cargo ships - Year-over-year growth 2022-2027 (%)

7.6 Others - Market size and forecast 2022-2027

Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ billion)
Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.7 Market opportunity by Type

Exhibit 63: Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 65: Chart on Market share by geography 2022-2027 (%)
Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 67: Chart on Geographic comparison
Exhibit 68: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027

Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 South America - Market size and forecast 2022-2027

Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.6 North America - Market size and forecast 2022-2027

Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 China - Market size and forecast 2022-2027

Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

9.9 South Korea - Market size and forecast 2022-2027

Exhibit 93: Chart on South Korea - Market size and forecast 2022-2027 ($ billion)
Exhibit 94: Data Table on South Korea - Market size and forecast 2022-2027 ($ billion)
Exhibit 95: Chart on South Korea - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

9.10 Japan - Market size and forecast 2022-2027

Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.11 The Philippines - Market size and forecast 2022-2027

Exhibit 101: Chart on The Philippines - Market size and forecast 2022-2027 ($ billion)
Exhibit 102: Data Table on The Philippines - Market size and forecast 2022-2027 ($ billion)
Exhibit 103: Chart on The Philippines - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on The Philippines - Year-over-year growth 2022-2027 (%)

9.12 Poland - Market size and forecast 2022-2027

Exhibit 105: Chart on Poland - Market size and forecast 2022-2027 ($ billion)
Exhibit 106: Data Table on Poland - Market size and forecast 2022-2027 ($ billion)
Exhibit 107: Chart on Poland - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on Poland - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 109: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 110: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 112: Overview on factors of disruption

11.4 Industry risks

Exhibit 113: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 114: Vendors covered

12.2 Market positioning of vendors

Exhibit 115: Matrix on vendor position and classification

12.3 BAE Systems Plc

Exhibit 116: BAE Systems Plc - Overview
Exhibit 117: BAE Systems Plc - Business segments
Exhibit 118: BAE Systems Plc - Key offerings
Exhibit 119: BAE Systems Plc - Segment focus

12.4 Cheoy Lee Shipyards Ltd.

Exhibit 120: Cheoy Lee Shipyards Ltd. - Overview
Exhibit 121: Cheoy Lee Shipyards Ltd. - Product / Service
Exhibit 122: Cheoy Lee Shipyards Ltd. - Key offerings

12.5 Conrad Industries Inc.

Exhibit 123: Conrad Industries Inc. - Overview
Exhibit 124: Conrad Industries Inc. - Business segments
Exhibit 125: Conrad Industries Inc. - Key offerings
Exhibit 126: Conrad Industries Inc. - Segment focus

12.6 Damen Shipyards Group

Exhibit 127: Damen Shipyards Group - Overview
Exhibit 128: Damen Shipyards Group - Product / Service
Exhibit 129: Damen Shipyards Group - Key news
Exhibit 130: Damen Shipyards Group - Key offerings

12.7 Derecktor Shipyards

Exhibit 131: Derecktor Shipyards - Overview
Exhibit 132: Derecktor Shipyards - Product / Service
Exhibit 133: Derecktor Shipyards - Key offerings

12.8 Fincantieri Spa

Exhibit 134: Fincantieri Spa - Overview
Exhibit 135: Fincantieri Spa - Business segments
Exhibit 136: Fincantieri Spa - Key offerings
Exhibit 137: Fincantieri Spa - Segment focus

12.9 Fr. Fassmer GmbH and Co. KG

Exhibit 138: Fr. Fassmer GmbH and Co. KG - Overview
Exhibit 139: Fr. Fassmer GmbH and Co. KG - Product / Service
Exhibit 140: Fr. Fassmer GmbH and Co. KG - Key news
Exhibit 141: Fr. Fassmer GmbH and Co. KG - Key offerings

12.10 General Dynamics Corp.

Exhibit 142: General Dynamics Corp. - Overview
Exhibit 143: General Dynamics Corp. - Business segments
Exhibit 144: General Dynamics Corp. - Key news
Exhibit 145: General Dynamics Corp. - Key offerings
Exhibit 146: General Dynamics Corp. - Segment focus

12.11 Huntington Ingalls Industries Inc.

Exhibit 147: Huntington Ingalls Industries Inc. - Overview
Exhibit 148: Huntington Ingalls Industries Inc. - Business segments
Exhibit 149: Huntington Ingalls Industries Inc. - Key offerings
Exhibit 150: Huntington Ingalls Industries Inc. - Segment focus

12.12 Hyundai Heavy Industries Co. Ltd.

Exhibit 151: Hyundai Heavy Industries Co. Ltd. - Overview
Exhibit 152: Hyundai Heavy Industries Co. Ltd. - Product / Service
Exhibit 153: Hyundai Heavy Industries Co. Ltd. - Key offerings

12.13 IMABARI SHIPBUILDING CO. LTD.

Exhibit 154: IMABARI SHIPBUILDING CO. LTD. - Overview
Exhibit 155: IMABARI SHIPBUILDING CO. LTD. - Product / Service
Exhibit 156: IMABARI SHIPBUILDING CO. LTD. - Key offerings

12.14 Mitsubishi Heavy Industries Ltd.

Exhibit 157: Mitsubishi Heavy Industries Ltd. - Overview
Exhibit 158: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibit 159: Mitsubishi Heavy Industries Ltd. - Key news
Exhibit 160: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibit 161: Mitsubishi Heavy Industries Ltd. - Segment focus

12.15 Oshima Shipbuilding Co. Ltd.

Exhibit 162: Oshima Shipbuilding Co. Ltd. - Overview
Exhibit 163: Oshima Shipbuilding Co. Ltd. - Product / Service
Exhibit 164: Oshima Shipbuilding Co. Ltd. - Key offerings

12.16 Samsung Heavy Industries Co. Ltd.

Exhibit 165: Samsung Heavy Industries Co. Ltd. - Overview
Exhibit 166: Samsung Heavy Industries Co. Ltd. - Business segments
Exhibit 167: Samsung Heavy Industries Co. Ltd. - Key offerings
Exhibit 168: Samsung Heavy Industries Co. Ltd. - Segment focus

12.17 Sumitomo Heavy Industries, Ltd.

Exhibit 169: Sumitomo Heavy Industries, Ltd. - Overview
Exhibit 170: Sumitomo Heavy Industries, Ltd. - Product / Service
Exhibit 171: Sumitomo Heavy Industries, Ltd. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 172: Inclusions checklist
Exhibit 173: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 174: Currency conversion rates for US$

13.4 Research methodology

Exhibit 175: Research methodology
Exhibit 176: Validation techniques employed for market sizing
Exhibit 177: Information sources

13.5 List of abbreviations

Exhibit 178: List of abbreviations

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