Global Naval Shipbuilding Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Naval Shipbuilding market:
The latest research study on the global Naval Shipbuilding market finds that the global Naval Shipbuilding market reached a value of USD 96850.0 million in 2022. It’s expected that the market will achieve USD 110110.0 million by 2028, exhibiting a CAGR of 2.16% during the forecast period.

Naval/defense shipbuilding is the technology for building defense warships.Naval vessels are warships used by the Navy (or sometimes ships, depending on the classification). Naval vessels are different from civilian vessels through construction and purpose. In general, although the troops transport weapons are light or non-existent, naval vessels are resilient and equipped with weapon systems.

Opportunities
The emergence of robotics in the shipbuilding industry has attracted people's attention. In the shipbuilding industry, the use of robotics is increasing. This is because robotics is improving efficiency, reducing errors, and performing dangerous tasks such as welding, painting, and heavy work. This will, to a certain extent, shorten production time and increase production efficiency.

Region Overview:
From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:
The top three companies are Hyundai Heavy Industries Co., Ltd., Daewoo Shipbuilding & Marine Engineering, China Shipbuilding Industry Corporation with the revenue market share of 7.13%, 5.49% and 3.58% in 2018.

HI is leading the tanker market with its streamlined ‘eco’ friendly designs specifically in VLCC (Very Large Crude Carrier) segment ever since its first delivery in 1974.
HHI is striving to take yet another leap in developing greener and more fuel-efficient technology for tankers for the future as well as designing new systems for next generation smart ships.

Daewoo Shipbuilding & Marine Engineering maintains the No.1 position in the world (about 18% market share) based on the construction of Very Large Crude Oil Carriers (VLCCs) operating in the world (As of January 2018).
In addition, we have built various oil tankers such as crude oil carriers, shuttle tankers, refinery carriers, chemical carriers, and so on.
The oil tankers built by DSME are next generation eco-friendly vessels that meet the environmental regulations of the International Maritime Organization (IMO) and are leading the shipbuilding market by applying high-efficiency engines and the latest fuel-saving technologies.

Segmentation Overview:
Among different product types, Bulkers segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Commercial segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Naval Shipbuilding market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Naval Shipbuilding market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Naval Shipbuilding and its sub-markets in an intuitive way.

Key Companies in the global Naval Shipbuilding market covered in Chapter 3:
Samsung Heavy Industries
China State Shipbuilding Corporation
Tsuneishi Shipbuilding
Daewoo Shipbuilding & Marine Engineering
Mitsubishi Heavy Industries, Ltd.
Hyundai Heavy Industries Co., Ltd.
Yangzijiang Shipbuilding Holdings Ltd.
Imabari Shipbuilding
China Shipbuilding Industry Corporation
Oshima Shipbuilding

In Chapter 4 and Chapter 14.2, on the basis of types, the Naval Shipbuilding market from 2018 to 2029 is primarily split into:
Cruise
Ferry
Research
Tankers
Bulkers
Containers
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Naval Shipbuilding market from 2018 to 2029 covers:
Navy
Commercial
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Naval Shipbuilding market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

Frequently Asked Questions