Global Commercial Shipbuilding Market Overview:
Commercial Shipbuilding includes the construction of ships and other floating vessels for the commercial sector. As commercial marine industry provides expanded capabilities, comprising small, medium, and large-sized facilities across the globe. The major factor which is contributing to the industry is its effective quality control systems, excellent through-life support and after-sales support arrangements, and many more services. The commercial sector is seeing a major competitive advantage that comes from investment in innovation and in research and development and also considering huge access to the latest and most efficient technology and manufacturing techniques. Some of the key players profiled in the study are Daewoo Shipbuilding (South Korea), Samsung Heavy Industry (South Korea), Mitsubishi Heavy Industry (Japan), Tsuneishi shipbuilding (Japan), Oshima Shipbuilding (Japan), Hyundai Mipo Dockyard (South Korea), Imabari Shipbuilding (Japan), Shanghai Waigaoqiao (China), L&T Shipbuilding Ltd. (India) and Advanced Composite Structures (Australia).
On the basis of geography, the market of Commercial Shipbuilding has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Naval Architecture and Engineering Design will boost the Commercial Shipbuilding market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Commercial Boats, the sub-segment i.e. Tugs will boost the Commercial Shipbuilding market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Advancement in Shipbuilding
- Huge Requirement from the Asia Pacific Region Because of High Presence of Emerging Countries Such as India, China
- Technology Advancement in Manufacturing Techniques
- Increasing Investment in Research and Development Majorly in the Australia Region
- Slowdown in Economies Because of Coronavirus Pandemics
- Huge Effect of the China and United States Trade War
- Rising Focus from Australia’s Commercial Marine Industry on the Enhancement of Diversified Capabilities, Comprising Small, Medium and Large-Sized Facilities Situated across the Country
- High Cost of Production
- Required Huge Initial Investment for the New Market Entrants
There are various huge big giants in are operating industry. These big players are highly focusing on commercial and other sectors including defense, marine equipment & hardware, and many others. The companies operating in this industry are exploring the market in new regions by adopting various growth initiatives such as mergers & acquisitions, expansions, investments, new product/services launch, and others.
Target Audience:Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Commercial Shipbuilding Service Providers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study To define, describe, and forecast the Global Commercial Shipbuilding market on the basis of product [Cargo Ship, Tankers, Fishing Boats, Specialist Ships and Passenger Ship] , application [Cargo Transport, Passenger Transport and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Commercial Shipbuilding market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Commercial Shipbuilding industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are AirBerth Marketing Pty Ltd. (Australia), Siemens (Germany) and Hart Marine (Australia).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Commercial Shipbuilding market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.