Harrisburg, NC -- (SBWIRE) -- 10/28/2020 -- Global Ship Building Market Research Report published by market insight reports explores the current outlook in Global and key regions from the perspective of Major Players, Countries, Product types and end industries. This report analyzes top players in the Global market, and divides the Market into several parameters.

This Ship Building Market research report identifies the competitive landscape of industries to understand the competition at International level. This report study describes the projected growth of the Global market for approaching years from 2019 to 2025. This research report has been aggregated on the basis of static and dynamic aspects of the businesses.

The Ship Building market_is anticipated to register a CAGR of about 5%, during the forecast period (2020 - 2025).

- The global shipbuilding market is expected to grow in future due to increasing seaborne trade and economic growth, rising energy consumption, demand of eco-friendly ships and shipping services, and the advent of robotics in shipbuilding.
- Orders are declining, many shipyards have stopped production and went bankrupt. However, such changes have also led to a small increase in the price of the order. The world is continuing to change at a rapid pace.
- South Korea, China and Japan are the three major ship-building countries within the ship-building industry. The global market share of the Korean shipbuilding industry has crossed more than 40%. The global market share of China's shipbuilding industry is around 25%; the global market share of the Japanese shipbuilding industry grew to more than 15%.

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The prominent players in the Global Ship Building Market:

Mitsubishi Heavy Industries Ltd., Hyundai Heavy Industries Co. Ltd., China State Shipbuilding Corporation, Daewoo Shipbuilding Marine Engineering Co.,Ltd. and Others.

The Ship Building market is highly fragmented, with several players accounting for significant amounts of shares in the market. Some of the prominent companies in the Ship Building market are Mitsubishi Heavy Industries, Hyundai Heavy Industries, China State Ship Building Corporation, DSME and others. Companies are investing heavily in research and development for the innovation of new and advanced products. In March 2020, Chinese conglomerate Yangzijiang Shipbuilding has secured a US $1.15 billion order for up to ten dual-fuel containerships with a capacity of 14,000 TEU each._Titan Acquisition Holdings has agreed to acquire Huntington Ingalls San Diego Shipyard.

Key Market Trends: -

Increasing Trade Activities Between Countries is a Growth Driver

Marine transport is the backbone of globalized trade and the manufacturing supply chain, as more than four fifths of the world merchandise trade by volume is carried out through marine route. The trade volume has increased with a growth rate of almost 10% during the last decade. The relatively larger increase in the volumes of imports can be explained by the increase in consumer demand in developing countries.

However, the world saw some downturns during the 2018-19 period owing to the trade tensions between the two major economies of the world, US and China. The economic outlook by UNCTAD, shows that annual growth rate for next five years is expected to be 3.4%. This growth will require more ships and cargos fleet which will drive the demand of Shipbuilding Market.

Asia pacific is Expected to Dominate the Market

Asia pacific region accounts for around 65% of the world traffic of the maritime trade transport. And it is further expected to continue as the same due to major import and export activities happening in the developing nations economies and these activities are expected to grow further during the forecast period. But during the end of 2019, these tensions were relaxed because of some trade agreements between the two nations and more agreements are expected soon to bring trade to growth levels again.

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Ship Building Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Ship Building Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

Browse in-depth and report summary TOC on "Ship Building Market":

https://www.marketinsightsreports.com/reports/10192357103/ship-building-market-growth-trends-and-forecasts-2020-2025?Mode=18

Finally, the Ship Building market report offers a complete and detailed study of Global Ship Building market by using numerous analytical tools and models such as SWOT analysis, investment return analysis, and porter's five forces analysis which are useful for beginners to access the upcoming opportunities. After exploring the market insights through primary and secondary research methodologies, if anything is required except than this, market insight reports will provide customization as per specific demands.

Note: - All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.