The Ship And Boat Building And Repairing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Ship And Boat Building And Repairing Global Market Report 2024, The ship and boat building and repairing market size has grown strongly in recent years. It will grow from $284.22 billion in 2023 to $303.65 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to economic cycles, global trade, regulatory changes.
The ship and boat building and repairing market size is expected to see strong growth in the next few years. It will grow to $390.86 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to sustainability and environmental regulations, energy transition, digitalization and automation, infrastructure investment, geopolitical stability and security concerns. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships, .
The ship and boat building and repair market is aided by stable economic growth forecast in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market’s 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 developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period.
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The ship and boat building and repairing market covered in this report is segmented –
1) By Type: Ship Building And Repairing; Boat Building And Repairing
2) By Application: General Services; Dockage; Hull Part; Engine Parts; Electric Works; Auxiliary Services
3) By End-User: Transport Companies; Military; Other End Users
Subsegments Covered: Ship Building; Ship Repairing; Boat Building; Boat Repairing
The ship and boat building and repairing market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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