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Allied Market Research

Shipbuilding Market by Type (Cruise Ships, Cargo Ships, Military Vessels, Tugs, Fishing Vessels, Bunker Tankers, Small Passenger Ships and Small General Cargo Carriers) and End-User (Transport and Military): Global Opportunity Analysis and Industry Forecast, 2021–2027

A08511
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Jun 2021 | 617 Views
 
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Shipbuilding Market Outlook - 2027

The shipbuilding market is responsible to manufacture different types of ships such as vessels, cargo, roll-on/roll-off ships, crafts, and passenger ships. It involves the process of design, floating vessels, and construction of ships. Shipbuilding operations mainly manufacture large vessels, particularly seagoing vessels. These vessels are used by trade merchants for transportation purpose in the energy and military sectors. Due to increase in sea-borne trade and relaxation in trade barriers, the demand for ships is expected to increase in the coming years.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value (USD)

  Segments covered

  Type and End-user

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering, Samsung Heavy Industries, Mitsubishi Heavy Industry, TSUNEISHI SHIPBUILDING Co. Ltd., Imabari Shipbuilding, Northstar Shipbuilding Private Limited, L&T India, and United Shipbuilding Corporation


COVID-19 scenario analysis:

  • With the advent of COVID-19, manufacturing industries across the globe is facing issues in terms of material supply and skilled labor availability.
  • The world has faced unprecedented challenges, where many standard operating procedures and protocols have been rendered irrelevant.
  • COVID-19 is one of the most severe public health and economic crisis the world has ever faced in the 21st century.
  • The loss of human lives and lack of labor productivity are expected to impact various sectors and general lifestyles over the period.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Increase in use of artificial intelligence and adapting to automation are expected to surge the demand over the forecast period. Moreover, regulations and policies related to environmental control are anticipated to hamper the growth of the market. Furthermore, design modification and introduction of airbags are expected to offer lucrative opportunities for the shipbuilding market over the forecast period.

The shipbuilding market trends are as follows:

Increase in use of artificial intelligence 

To boost economic development and social innovation, federal officials have increased their investment in artificial intelligence and data analytics. Higher investment is anticipated to pay for itself many times over the economic and social benefits in the coming times. In addition, innovation and technological advancement are expected to boost the economies and such investments by various governments are expected to drive the shipbuilding market over the forecast period.

Adapting to automation 

Artificial Intelligence (AI) is a key technology for the marine market as it is enables reliable and real-time recognition of objects around the vehicle. Currently, there are several investments, specifically for the optimization of the self-driving technology, by major vehicle original equipment manufacturers (OEMs). Moreover, the implementation of safety features, such as adaptive cruise control (ACC), advanced driver assistance system (ADAS), collision warning, and lane-keep assist, also facilitates the growth of AI in the shipbuilding market.

Key segments covered:               

Segments

Sub-segments

  Type

  • Cruise Ships
  • Cargo Ships
  • Military Vessels
  • Tugs
  • Fishing Vessels
  • Bunker Tankers
  • Small Passenger Ships
  • Small General Cargo Carriers

  End-User

  • Transport
  • Military

 

Key benefits of the report:

  • This study presents the analytical depiction of the shipbuilding market along with current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the shipbuilding market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the shipbuilding market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions answered in the shipbuilding market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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