Published on : May 24, 2016
ALBANY, New York, May 24, 2016: The report is an in-depth study of the key dynamics of the global shipbuilding market. An overview of the types of ships, the shipbuilding process, shipbuilding cycle, and value chain has been included in the report for the benefit of the readers.
Companies in the shipbuilding industry are engaged in the design, construction, and maintenance of marine vessels and ships. The place where the construction and modification of ships are carried out is a specialized facility, known as the shipyard. Ships for both commercial and military purposes are built by the shipbuilding industry. Shipbuilding is one of the oldest and highly competitive markets in the world. The industry is highly capital intensive and thus, requires strong government support and political stability.
The global shipbuilding industry is driven by the rising seaborne trade. An improvement in the economic growth is also boosting the shipbuilding industry. The growing steel production across the globe is expected to boost the market further. Rising urbanization is also expected to aid the market’s growth. Increased globalization is yet another factor benefitting the shipbuilding industry. The lifting of sanctions on Iran is expected to further the growth of the market. However, increasing competition and environmental regulations may hamper the growth of the shipbuilding industry. Political and financial instability are also some of the factors restraining the market from growing to its optimal size.
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Some of the recent trends and developments in the shipbuilding industry include green shipbuilding technology, LNG fueled engines, advanced outfitting, ship launching, and solar or wind powered ships. These trends are expected to open new doors of opportunities for the operators in the shipbuilding industry and will encourage the market’s growth.
The report focuses on the regional markets such as Korea, China, and Japan as an appreciable portion of ship manufacturing is concentrated in Asian countries. New orders, deliveries, market share, and contracts of each of the regions are discussed. On the basis of type, the global shipbuilding market is segmented into tankers, bulk carriers, containers, and special vessels.
The competitive landscape of the global shipbuilding industry is discussed in the report, including the market share and new orders market share by company. The report profiles some of the leading players in the global shipbuilding industry for the purpose of an in-depth study of the challenges faced while constructing vessels as well as the growth opportunities in the market. The report also discusses the strategies implemented by the key companies to maintain their hold on the industry. The business overview and financial overview of each of the companies have been analyzed. The companies studied in the report include: Samsung Heavy Industries, Hyundai Heavy Industries, Mitsubishi Heavy Industries, and Daewoo Shipbuilding and Marine Engineering (DSME).
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