DUBLIN--(BUSINESS WIRE)--The "Ship and Boat Building and Repairing Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

The global ship and boat building and repairing market is expected to grow from $219. 23 billion in 2020 to $234. 41 billion in 2021 at a compound annual growth rate (CAGR) of 6. 9%. The market is expected to reach $282. 75 billion in 2025 at a CAGR of 5%

Major companies in the ship and boat building and repairing market include Daewoo Shipbuilding & Marine Engineering Co Ltd; Hyundai Heavy Industries; Mitsubishi Heavy Industries; Samsung Heavy Industries and General Dynamics.

The ship and boat building and repairing market consists of sales of ships and boats and ship and boat building and repairing services and related services by entities (organizations, sole traders and partnerships) that operate shipyards. Shipyards are fixed facilities with drydocks and fabrication equipment capable of building a ship, defined as watercraft typically suitable or intended for other than personal or recreational use.

The activities of shipyards include the construction of ships, their repair, conversion and alteration, the production of prefabricated ship and barge sections, and specialized services, such as ship scaling. The ship and boat building and repairing market is segmented into ship building and repairing and boat building and repairing.

Asia Pacific was the largest region in the global ship and boat building and repairing market, accounting for 49% of the market in 2020. North America was the second largest region accounting for 21% of the global ship and boat building and repairing market. Africa was the smallest region in the global ship and boat building and repairing market.

Shipbuilding companies around the world are increasingly using green shipbuilding technologies to comply with environmental rules and regulations. Technologies being used for shipbuilding include ships with no ballast systems that block organisms entering the ship and eliminate the need for sterilization equipment, sulphur scrubber systems, waste heat recovery systems, speed nozzles, exhaust gas recirculation systems, advanced rudder and propeller systems, fuel and solar cell propulsion systems and use of LNG fuels for propulsion and auxiliary engines. Ships built using these technologies have significant energy savings and low carbon emissions.

For instance, Peace Boat, a Japanese non-profit NGO has entered into an agreement with a Finnish shipbuilding company Arctech Helsinki Shipyard for the construction of Ecoship, the world's greenest cruise vessel. Dean Shipyards Group is also coordinating a green LeanShips project aimed at creating less polluting vessels.

Transportation manufacturers depend heavily on supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to lack of parts and components.

Also, sales of new automobiles decreased significantly due to decline in consumer demand as many countries impose lockdowns. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the ship and boat building and repairing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. ?

Economic Growth in Emerging Markets-The ship and boat building and repairing market is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3. 3% in 2020 and 3. 4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth.

Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Ship and Boat Building and Repairing Market Characteristics

3.1. Market Definition

3.2. Key Segmentations

4. Ship and Boat Building and Repairing Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Ship and Boat Building and Repairing Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Ship and Boat Building and Repairing Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Ship and Boat Building and Repairing Market Trends and Strategies

8. Impact of COVID-19 on Ship and Boat Building and Repairing

9. Ship and Boat Building and Repairing Market Size and Growth

9.1. Market Size

9.2. Historic Market Growth, Value ($ Billion)

9.2.1. Drivers of the Market

9.2.2. Restraints on the Market

9.3. Forecast Market Growth, Value ($ Billion)

9.3.1. Drivers of the Market

9.3.2. Restraints on the Market

10. Ship and Boat Building and Repairing Market Regional Analysis

10.1. Global Ship and Boat Building and Repairing Market, 2020, by Region, Value ($ Billion)

10.2. Global Ship and Boat Building and Repairing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region

10.3. Global Ship and Boat Building and Repairing Market, Growth and Market Share Comparison, by Region

11. Ship and Boat Building and Repairing Market Segmentation

11.1. Global Ship and Boat Building and Repairing Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• Ship Building and Repairing
• Boat Building and Repairing

12. Ship and Boat Building and Repairing Market Segments

12.1. Global Ship Building and Repairing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Ship Building; Ship Repairing

12.2. Global Boat Building and Repairing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Boat Building; Boat Repairing

13. Ship and Boat Building and Repairing Market Metrics

13.1. Ship and Boat Building and Repairing Market Size, Percentage of GDP, 2015-2025, Global

13.2. Per Capita Average Ship and Boat Building and Repairing Market Expenditure, 2015-2025, Global

Companies Mentioned

• Daewoo Shipbuilding & Marine Engineering Co Ltd
• Hyundai Heavy Industries
• Mitsubishi Heavy Industries
• Samsung Heavy Industries
• General Dynamics

For more information about this report visit https://www.researchandmarkets.com/r/lci4o2

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