Market Overview:
The global steel for shipbuilding market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for new ships, especially LNG ships, large cruise ships, tankers and container ships. Carbon steel is expected to be the most popular type of steel used in shipbuilding due to its low cost and high strength-to-weight ratio. Asia Pacific is expected to be the fastest growing region in terms of revenue during the forecast period.
Product Definition:
Steel is an alloy of iron and carbon, which is melted down and poured into a mold to create different shapes. It has many uses, including in shipbuilding. Steel is strong and durable, making it ideal for use in ships that need to withstand harsh conditions at sea.
Carbon Steel:
Carbon steel is a low alloy and contains carbon, iron, and other metals. It has high strength but is very hard to work with. The grain size of the product is large which makes it strong but difficult to fabricate.
Alloy Steel:
Alloy steel is a combination of iron and other metals, which results in better strength than pure iron. It is used to manufacture steel for shipbuilding as it has high yield strength (YS) and low carbon content (YC). The properties exhibited by alloy steel make it suitable for use in the shipbuilding industry. Some of these are ductility, malleability, anti-corrosive nature, wear resistance and corrosion resistance among others.
Application Insights:
The market is segmented by application into LNG, large cruise ship, tanker, container ship and other ships. The large cruise ship segment accounted for the largest share in 2017 owing to the growing demand from countries such as China and India. Large cruise ships are expected to benefit significantly from economies of scale resulting in lower costs as well as a reduction in time taken for delivery. This factor is anticipated to have a positive impact on industry growth over the forecast period.
The container ship segment is projected to witness significant growth over the forecast period due largely to increasing demand for containers across various industries such as automotive, retail and e-commerce among others which are booming at an exponential rate across all major regions of the world including North America & Europe.
Regional Analysis:
Asia Pacific dominated the global steel market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest shipbuilding facilities globally. China, South Korea, Japan and India are among the top five shipbuilding nations in terms of both construction output as well as tonnage built annually.
The Asia Pacific has witnessed a significant rise in demand for steel for shipbuilding applications from countries such as Indonesia, Vietnam and Malaysia over past few years on account of rapid development along with increasing trade activities with other countries worldwide. These factors have led to an increase in requirements for new ships which will further boost regional growth during forecast period.
Europe was another major consumer of global steel market owing to presence large number yards across U.K., Germany, Italy etc that consume considerable amount of raw materials required by them including alloy and carbon steels used for constructing vessels at these yards or those being built elsewhere around world including North America & Middle East Africa).
Growth Factors:
- Growing demand for maritime transportation: The global seaborne trade has been growing steadily in the past few years, and is expected to continue to grow in the coming years, driven by the growth of global trade and increasing containerization. This will lead to increased demand for steel for shipbuilding.
- Increasing investment in maritime infrastructure: Governments around the world are investing heavily in maritime infrastructure projects, such as port expansions and new port developments, in order to meet the growing demand for maritime transportation services. This will lead to increased demand for steel products used in shipbuilding.
- Proliferation of cruise ships and ferries: The cruise ship industry is booming, with more people taking cruises every year. In addition, ferry traffic is also increasing as a result of rising tourism levels and urbanization trends worldwide. This will lead to increased demand for steel products used in shipbuilding applications such as hulls and decks).
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel for Shipbuilding Market Research Report
By Type
Carbon Steel, Alloy Steel
By Application
LNG Ship, Large Cruise Ship, Tanker, Container Ship, Others
By Companies
ArcelorMittal, ThyssenKrupp AG, TATA Steel, JFE Steel, Nippon Steel, SSAB, POSCO, Kobelco, TISCO, US Steel, Baowu, Jiugang, Ansteel, Hunan Valin Steel, HBIS Group
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Steel for Shipbuilding Market Report Segments:
The global Steel for Shipbuilding market is segmented on the basis of:
Types
Carbon Steel, Alloy Steel
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
LNG Ship, Large Cruise Ship, Tanker, Container Ship, Others
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:
- ArcelorMittal
- ThyssenKrupp AG
- TATA Steel
- JFE Steel
- Nippon Steel
- SSAB
- POSCO
- Kobelco
- TISCO
- US Steel
- Baowu
- Jiugang
- Ansteel
- Hunan Valin Steel
- HBIS Group
Highlights of The Steel for Shipbuilding 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:
- Carbon Steel
- Alloy Steel
- By Application:
- LNG Ship
- Large Cruise Ship
- Tanker
- Container Ship
- Others
- 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 Steel for Shipbuilding 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
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- Consumer Insights
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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?
Steel is the most common metal used in shipbuilding. It is strong and durable, making it a good choice for vessels that need to stand up to heavy use.
Some of the major companies in the steel for shipbuilding market are ArcelorMittal, ThyssenKrupp AG, TATA Steel, JFE Steel, Nippon Steel, SSAB, POSCO, Kobelco, TISCO, US Steel, Baowu, Jiugang, Ansteel, Hunan Valin Steel, HBIS Group.
The steel for shipbuilding market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Steel for Shipbuilding 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 Steel for Shipbuilding Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Steel for Shipbuilding 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 Steel for Shipbuilding 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 Steel for Shipbuilding Market Size & Forecast, 2020-2028
4.5.1 Steel for Shipbuilding Market Size and Y-o-Y Growth
4.5.2 Steel for Shipbuilding 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 Carbon Steel
5.2.2 Alloy Steel
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 LNG Ship
6.2.2 Large Cruise Ship
6.2.3 Tanker
6.2.4 Container Ship
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Steel for Shipbuilding 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 Steel for Shipbuilding 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 Carbon Steel
9.6.2 Alloy Steel
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 LNG Ship
9.10.2 Large Cruise Ship
9.10.3 Tanker
9.10.4 Container Ship
9.10.5 Others
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 Carbon Steel
10.6.2 Alloy Steel
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 LNG Ship
10.10.2 Large Cruise Ship
10.10.3 Tanker
10.10.4 Container Ship
10.10.5 Others
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 Carbon Steel
11.6.2 Alloy Steel
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 LNG Ship
11.10.2 Large Cruise Ship
11.10.3 Tanker
11.10.4 Container Ship
11.10.5 Others
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 Carbon Steel
12.6.2 Alloy Steel
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 LNG Ship
12.10.2 Large Cruise Ship
12.10.3 Tanker
12.10.4 Container Ship
12.10.5 Others
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 Carbon Steel
13.6.2 Alloy Steel
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 LNG Ship
13.10.2 Large Cruise Ship
13.10.3 Tanker
13.10.4 Container Ship
13.10.5 Others
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 Steel for Shipbuilding Market: Competitive Dashboard
14.2 Global Steel for Shipbuilding Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ArcelorMittal
14.3.2 ThyssenKrupp AG
14.3.3 TATA Steel
14.3.4 JFE Steel
14.3.5 Nippon Steel
14.3.6 SSAB
14.3.7 POSCO
14.3.8 Kobelco
14.3.9 TISCO
14.3.10 US Steel
14.3.11 Baowu
14.3.12 Jiugang
14.3.13 Ansteel
14.3.14 Hunan Valin Steel
14.3.15 HBIS Group
