Shipbuilding Industry Market Report 2025 (Global Edition)

Global Shipbuilding Industry Market Report 2025 Market Size Split by Type (Oil tankers, Bulk carriers, General cargo ships, Container ships, Passenger ships, Others), by Process (Designing, Production...

Shipbuilding Industry Market Report Description

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Shipbuilding Industry Market Insights Video

Competitive Landscape of the Shipbuilding Industry Market

The competitive landscape of the Shipbuilding Industry market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Shipbuilding Industry companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

August 2023: on order to proceed with the Surface Combatant (CSC) program, the Canadian government declared that it will invest CAD 463 million (USD 345 million) on shipbuilding infrastructure. It asks for the building of fifteen new vessels, which will be essential to the future Royal Canadian Navy. The money will go toward readying the Irving Shipyard and its surrounding facilities in Nova Scotia for the program's construction, which is currently scheduled to start early next year. (Source:.htmlhttps://www.canada.ca/en/public-services-procurement/news/2023/08/government-of-canada-announces-investment-in-shipbuilding-infrastructure-for-the-canadian-surface-combatant.html)

Top Companies Market Share in Shipbuilding Industry Industry: (In no particular order of Rank)

• Hyundai Heavy Industries (South Korea)
• Daewoo Shipbuilding & Marine Engineering (South Korea)
• China State Shipbuilding Corporation (China)
• China Shipbuilding Industry Corporation (China)
• Mitsubishi Heavy Industries (Japan)
• Samsung Heavy Industries (South Korea)
• COSCO Shipyard Group (China)
• Imabari Shipbuilding (Japan)
• Tsuneishi Shipbuilding (Japan)
• Jiangnan Shipyard (China)
• Hudong-Zhonghua Shipbuilding (China)
• Hyundai Mipo Dockyard (South Korea)
• Kawasaki Heavy Industries (Japan)
• China Merchants Industry Holdings (China)
• Hanjin Heavy Industries (South Korea)
• Fincantieri S.p.A. (Italy)
• Meyer Werft (Germany)
• STX Offshore & Shipbuilding (South Korea)
• Mitsui E&S Holdings (Japan)
• Shanghai Waigaoqiao Shipbuilding (China)
• Oshima Shipbuilding (Japan)
• Hyundai Samho Heavy Industries (South Korea)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Shipbuilding Industry Market

Which Region Dominates the Shipbuilding Industry Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. North America's shipbuilding enterprise is increasing, driven by the aid of a growing call for for superior vessels and infrastructure improvements. The growth is fueled by technological improvements, investment in shipyard modernization, and a focal point on sustainable practices. North American shipbuilders are also capitalizing on rising maritime exchange and defense needs, positioning themselves as key gamers inside the global marketplace.

Which Region is Expanding at the Fastest CAGR?

Europe stands out as the fastest-growing region in the Shipbuilding Industry market due to several compelling reasons. ?Europe's shipbuilding industry is experiencing growth because of advancements in inexperienced technology and improved funding in modernizing shipyards. The focus on environmentally pleasant and efficient vessels, along with robust maritime traditions, drives the call. European shipbuilders are enhancing their aggressive area through innovation and compliance with stringent environmental rules, strengthening their function in the worldwide market.

 

The current report Scope analyzes Shipbuilding Industry Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Shipbuilding Industry Market Analysis

According to Cognitive Market Research, the global Shipbuilding Industry market size was estimated at USD 148485.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 59394.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Shipbuilding Industry market with a market size of USD 46862.02 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. The demand is amplified by the trade growth.
• The Canada Shipbuilding Industry market had a market share of USD 7127.30 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Canada's technological advancements.
• The Mexico Shipbuilding Industry market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 5404.87 million in 2024.

Europe Shipbuilding Industry Market Analysis

According to Cognitive Market Research, the global Shipbuilding Industry market size was estimated at USD 148485.5 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 44545.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• The United Kingdom Shipbuilding Industry market had a market share of USD 7483.67 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. In the UK, Shipbuilding Industry sales witness an upswing due to the economic development.
• The France Shipbuilding Industry market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 4098.20 million in 2024.
• According to Cognitive Market Research, the Germany Shipbuilding Industry market size was valued at USD 8820.04 million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period. In Germany, Shipbuilding Industry sales surged due to the maritime regulations.
• The Italy Shipbuilding Industry market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD 3830.93 million in 2024.
• The Russia Shipbuilding Industry market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 6904.58 million in 2024.
• The Spain Shipbuilding Industry market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD 3652.74 million in 2024
• The Luxembourg Shipbuilding Industry market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 1380.92 million in 2024.
• The Portugal Shipbuilding Industry market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 935.46 million in 2024.
• The Greece Shipbuilding Industry market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 534.55 million in 2024.
• Rest of Europe's Shipbuilding Industry market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 6904.58 million in 2024.

Asia Pacific Shipbuilding Industry Market Analysis

According to Cognitive Market Research, the global Shipbuilding Industry market size was estimated at USD 148485.5 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 34151.67 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Shipbuilding Industry market size was valued at USD 15368.25 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Shipbuilding Industry sales surge in China due to the environmental standards.
• The Japan Shipbuilding Industry market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 4712.93 million in 2024.
• The India Shipbuilding Industry market had a market share of USD 4098.20 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. India's fleet modernization.
• The South Korea Shipbuilding Industry market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 3415.17 million in 2024.
• The Australia Shipbuilding Industry market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 1775.89 million in 2024.
• The South East Asia Shipbuilding Industry market is projected to witness growth at a CAGR of 8.2 % during the forecast period, with a market size of USD 2356.46 million in 2024.
• The Rest of Asia Pacific Shipbuilding Industry market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 2424.77 million in 2024.

South America Shipbuilding Industry Market Analysis

According to Cognitive Market Research, the global Shipbuilding Industry market size was estimated at USD 148485.5 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 7424.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Shipbuilding Industry market size was valued at USD 3177.59 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Shipbuilding Industry sales flourish in Brazil due to the government incentives.
• Argentina Shipbuilding Industry market had a market share of USD 1247.28 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Argentina's infrastructure investments.
• Colombia Shipbuilding Industry market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD 660.76 million in 2024.
• Peru Shipbuilding Industry market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD 608.79 million in 2024.
• Chile Shipbuilding Industry market is projected to witness growth at a CAGR of 4.9% during the forecast period with a market size of USD 534.55 million in 2024.
• The Rest of Latin America Shipbuilding Industry market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 1195.31 million in 2024.

Middle East Shipbuilding Industry Market Analysis

According to Cognitive Market Research, the global Shipbuilding Industry market size was estimated at USD 148485.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 2969.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.

• The GCC Countries Shipbuilding Industry market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 1271.04 million in 2024. Shipbuilding Industry sales flourish due to the rising global shipping demand.
• The Egypt Shipbuilding Industry market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 311.82 million in 2024.
• The South Africa Shipbuilding Industry market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 469.21 million in 2024. Shipbuilding Industry sales flourish in South Africa due to the innovation in materials.
• The Turkey Shipbuilding Industry market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 255.40 million in 2024.
• The Nigeria Shipbuilding Industry market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 311.82 million in 2024.
• The Rest of MEA Shipbuilding Industry market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 350.43 million in 2024.

Shipbuilding Industry Market Analysis

Shipbuilding Industry Market Type Segment Analysis

According to Cognitive Market Research, Oil tankers stands out as the dominating category. The oil tanker segment of the shipbuilding industry is growing due to rising worldwide energy demand and increasing oil exchange. Shipbuilders are focusing on developing larger, more green tankers with superior protection and environmental features. This growth is driven by the need for stepped-forward shipping potential and adherence to stricter regulations on emissions and protection requirements.

Bulk carriers emerges as the fastest-growing category in the Shipbuilding Industry market. The bulk service section of the shipbuilding industry is expanding due to elevated demand for transporting raw materials like coal, iron ore, and grain. Shipbuilders are responding with improvements in vessel layout for greater shipment potential and performance. The boom is pushed by using international business activity and alternate, emphasizing the need for strong and value-powerful bulk transport answers.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Shipbuilding Industry Industry. Request a Free Sample PDF!

Shipbuilding Industry Market Process Segment Analysis

According to Cognitive Market Research, the dominating category is Designing. The design phase of the shipbuilding enterprise is developing as advancements in technology force the creation of more efficient, sustainable, and technologically superior vessels. Innovations in virtual design tools, simulation software programs, and automatic structures beautify ship design and production. This boom is fueled by way of the call for for optimized performance, environmental compliance, and price-effective answers in maritime transportation.

The fastest-growing category in the Shipbuilding Industry market is Production Planning. Production planning within the shipbuilding enterprise is developing due to the need for optimized performance and fee management. Advances in virtual tools and analytics beautify making plans and coordination, main to higher useful resource allocation and mission timelines. This growth is pushed by way of growing vessel complexity and the need to streamline operations, reduce delays, and enhance universal manufacturing effectiveness.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Shipbuilding Industry End-Use Segment Analysis

According to Cognitive Market Research, the dominating category is Transport. The shipping sector in the shipbuilding industry is expanding as international trade volumes increase. Demand for advanced, efficient, and huge-potential vessels is riding growth. Innovations in vessel design and era, alongside growing maritime alternate, are improving shipping competencies. This boom reflects the need for progressed logistics and more powerful worldwide supply chain solutions.

The fastest-growing category in the Shipbuilding Industry market is Military. The navy phase of the shipbuilding industry is growing due to heightened protection spending and geopolitical tensions. Investments are focused on advanced naval vessels, which include plane companies, submarines, and destroyers, to enhance countrywide security. Shipbuilders are growing current technologies and competencies, pushed by way of the need for modernization and accelerated army readiness in a dynamic international panorama.

• Transport
• Military

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Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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