Albany, NY -- (SBWIRE) -- 01/08/2014 -- The shipbuilding industry comprises the production of several vessels such as bulk carriers, tankers, and container ships, deployed for serving varied purposes. The global shipbuilding industry witnessed remarkable fluctuations. The very industry grew continuously from 2003 till 2007, but the industrial output moved in the negative quadrant during 2008-2009 on account of the ragged macro-economic conditions and financial crisis. The industry did perform modestly better in 2010, but again collapsed in 2011. The sluggish movement of global shipbuilding market was reflective of weak economic fundamentals, euro zone debt crisis, and unavailability of shipping loans.

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The industry outlook for 2013 appears bleak on account of over-capacities. The over-capacities are results of two key factors: the huge productivity improvements in shipyards over the last 30 years; and the over-investment in the industry. The industry stock value remained volatile in the European capital markets due to tighter ship financing and continuous fall in new building prices.

Shipbuilding industry is largely subjugated by Asian players, such as South Korea, China and Japan. China reined the market with the largest order-book in 2012, while Korea re-established its leadership position in new-building order activity. The emerging nations of the world such as India, Vietnam, Brazil, the Philippines, and Turkey recorded significant growth in their domestic shipbuilding industry.

In 2012, the total shipyard orders declined as more tonnage was delivered than contracted. Only one-third of global yard capacity was in demand during the period cited. Small and medium-sized shipyards struggled to meet their delivery schedules. Therefore, it is expected that many yards will be running out of orders in the year 2013 and 2014.

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On the industry development front, research and innovation is the core of shipbuilding industry; with worldwide companies in fray for introducing technologically advanced and eco-friendly products. The shipbuilding companies operate in an intensely competitive environment with productivity and production range of shipyards; research and development capabilities; and the level of worker skill and competence being the key factors driving contention. The shipbuilding industry is chiefly dominated by Korean players such as Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering, and Samsung Heavy Industries.

The report analyzes the global shipbuilding market with focus on Europe, Korea, Japan and China. It discusses the major trends, growth drivers and challenges for the shipbuilding industry. The report presents the competitive structure of the industry and profiles major players with a discussion of their key business strategies.

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China Shipbuilding Industry Report, 2012-2014

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From January to August of 2012, there were 1,636 shipbuilding enterprises each with annual sales of over RMB20 million in China, all of which accompished gross industrial output value of RMB519.4 billion with a year-on-year growth rate of 2.7%; wherein, shipbuilding industry achieved RMB391.8 billion, down 1.6% year on year; the shipbuilding support industry generated RMB75.4 billion, up 24.2% year on year; the ship repair industry gained RMB11.6 billion, with a year-on-year increase of 9.1%; the ship refitting industry obtained RMB19.7 billion, showing a year-on-year growth rate of 17.4%; and the marine engineering equipment manufacturing harvested RMB18.1 billion with a year-on-year growth rate of 15.7%.

Civil steel ships prevail in China. In 2009 and 2010, civil steel ships maintained a quite high growth rate; but the growth rate slipped to 25.37% and the output totaled 92.15 million DWT in 2011. In the first nine months of 2012, the cumulative output of domestic civil steel ships amounted to 54.314 million DWT, down 12.80% year on year, a wider fall of 5 percentage points than that in the previous 8 months.

Global Military Shipbuilding and Submarines Market 2011-2015

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Global Military Shipbuilding and Submarines Market to grow at a CAGR of 2.93 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing share of defense budget. The Global Military Shipbuilding and Submarines market has also been witnessing increasing collaborations between countries. However, the complex regulatory requirements could pose a challenge to the growth of this market. Global Military Shipbuilding and Submarines Market 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the US, and the Europe and APAC regions; it also covers the Global Military Shipbuilding and Submarines market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

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