Market Overview:
The global ship and boat building and repairing market is expected to register a CAGR of 5.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for ships and boats from commercial as well as household applications. Asia Pacific is expected to lead the market in terms of growth rate, followed by Europe and North America respectively. The shipbuilding segment is projected to grow at a higher CAGR than the boatbuilding segment during the forecast period. This can be attributed to an increase in maritime trade activities across different regions, which has led to an increase in demand for new ships globally.
Product Definition:
Shipbuilding is the construction of ships and other floating vessels. It normally takes place in a shipyard, a facility equipped with cranes and other necessary machinery. Boatbuilding is the construction of small boats, typically sailboats or motorboats. Repairing refers to the fixing of faults or damage that has occurred on a vessel either afloat or ashore. The importance of shipbuilding and repairing lies in their essential role in maritime transportation, commerce, and warfare.
Ship Building and Repairing:
Introduction of new technologies in shipbuilding and boat building is the key factor to drive the market growth. The introduction of advanced materials such as composites, steel alloys, and high strength fibers has led to an increase in demand for repair work as well. Composites are being used extensively on account of their low maintenance nature and ability to reduce corrosion problems associated with steel; this is expected to have a positive impact on market growth over the next seven years.
Boat Building and Repairing:
Boat building and repairing is the process of restoring a vessel or constructing a new one. It includes designing, planning, construction, equipping and/or refitting of any type of boat including sailboats, motor boats or power boats. The term also covers the conversion from one type to another (e.g., changing sailing vessels to motors).
The global market for boat building & repairing was valued at USD 23 billion in 2016.
Application Insights:
The commercial application segment dominated the global market in 2017, accounting for more than 70.0% share of the total revenue. The growth of this segment is attributed to an increase in demand from cruise liners and luxury liner companies. A large number of vessels are employed for transportation of goods across oceans, which requires a high level of repair and maintenance services on board these ships. Thus, there is a huge requirement for repairing and maintaining such ships that travel across vast seas at regular intervals, which has resulted in significant demand for shipbuilding and boat repairing services around the world.
Household application accounted for more than 23.0% share in 2017 owing to growing population coupled with rising disposable income levels among emerging middle-class groups especially in Asia Pacific countries such as China India Japan Singapore etc.
Regional Analysis:
Asia Pacific dominated the global ship and boat building and repairing market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing disposable income, growing population, rapid urbanization, rising standards of living coupled with a rise in tourism activities across various countries including China, India, Thailand among others.
Europe is anticipated to witness significant growth over the next eight years owing to an increase in demand for recreational boats such as powerboats and sailboats among others. Increasing leisure time due to a drop in working hours has led consumers prefer using these boats for vacation trips which will drive demand further over the coming years.
Growth Factors:
- Increasing demand for luxury ships and boats
- Growing popularity of boat racing and other water sports
- Development of new shipbuilding technologies and materials
- Expansion of global trade and maritime transportation
- Rising number of cruise ship passengers
Scope Of The Report
Report Attributes
Report Details
Report Title
Ship and Boat Building and Repairing Market Research Report
By Type
Ship Building and Repairing, Boat Building and Repairing
By Application
Household, Commercial
By Companies
Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries, Mitsubishi Heavy Industries, Samsung Heavy Industries, General Dynamics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Ship and Boat Building and Repairing Market Report Segments:
The global Ship and Boat Building and Repairing market is segmented on the basis of:
Types
Ship Building and Repairing, Boat Building and Repairing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Daewoo Shipbuilding & Marine Engineering
- Hyundai Heavy Industries
- Mitsubishi Heavy Industries
- Samsung Heavy Industries
- General Dynamics
Highlights of The Ship and Boat Building and Repairing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ship Building and Repairing
- Boat Building and Repairing
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ship and Boat Building and Repairing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Shipbuilding and boat repairing are two related industries that build, repair, or refurbish ships and boats. Shipbuilders create new vessels from scratch, while boat repairers fix or refurbish existing vessels.
Some of the major companies in the ship and boat building and repairing market are Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries, Mitsubishi Heavy Industries, Samsung Heavy Industries, General Dynamics.
The ship and boat building and repairing market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ship and Boat Building and Repairing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ship and Boat Building and Repairing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ship and Boat Building and Repairing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ship and Boat Building and Repairing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ship and Boat Building and Repairing Market Size & Forecast, 2020-2028
4.5.1 Ship and Boat Building and Repairing Market Size and Y-o-Y Growth
4.5.2 Ship and Boat Building and Repairing Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ship Building and Repairing
5.2.2 Boat Building and Repairing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ship and Boat Building and Repairing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ship and Boat Building and Repairing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ship Building and Repairing
9.6.2 Boat Building and Repairing
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ship Building and Repairing
10.6.2 Boat Building and Repairing
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ship Building and Repairing
11.6.2 Boat Building and Repairing
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ship Building and Repairing
12.6.2 Boat Building and Repairing
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ship Building and Repairing
13.6.2 Boat Building and Repairing
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ship and Boat Building and Repairing Market: Competitive Dashboard
14.2 Global Ship and Boat Building and Repairing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Daewoo Shipbuilding & Marine Engineering
14.3.2 Hyundai Heavy Industries
14.3.3 Mitsubishi Heavy Industries
14.3.4 Samsung Heavy Industries
14.3.5 General Dynamics
