Ship Building And Repairing Market 2023 – By Insights, Size, Demand, And Key Drivers Forecast To 2032 | Hyundai Mipo Dockyard Co Ltd., China Shipbuilding Industry Corporation (CSIC), Damen Shipyards Group

The Ship Repairing Global Market Report 2023 by The Business Research Company, provides template market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/ship-repairing-global-market-report

According to The Business Research Company’s Ship Repairing Global Market Report 2023, the global ship repairing market size will grow from $33.04 billion in 2022 to $36.65 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global ship repairing is expected to grow to $54.05 billion in 2027 at a CAGR of 10.2%.

The increasing seaborne trade is predicted to contribute to the growth of the shipbuilding market. The rising population, the surging purchasing power of consumers, and improving standards of living are increasing the demand for consumer goods, leading to high production and rapid industrialization.

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The template market is segmented:
1) By Vessel Type: Oil and Chemical Tankers, Bulk Carriers, General Cargo, Container Ships, Gas Carriers, Offshore Vessels, Passenger Ships and Ferries, Mega Yachts and Other Vessels
2) By Application: General Services, Dockage, Hull Part, Engine Parts, Electric Works, Auxiliary Services
3) By End-User: Transport Companies, Military, Other End Users

The COVID19 pandemic affected shipbuilding and ship repair facilities globally to a great extent. The pandemic has disrupted almost every area of the shipping industry, after a promising 2019. All levels of operations were affected by yard closures, logistical challenges, and survey delays, while scrubber retrofitting also declined sharply. For instance, in March 2020, the Italian shipyard Fincantieri initially suspended manufacturing in its shipyards for two weeks due to the COVID-19 pandemic crisis, which was then extended for more than a month, which has impacted the business. Therefore, the impact of COVID-19 is expected to hinder the growth of the ship repairing market.

The template market report table of contents includes:
1. Ship Building And Repairing Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……….
25. Key Mergers And Acquisitions In The Ship Building And Repairing Market
26. Market Background: Ship And Boat Building And Repairing Market
27. Ship Building And Repairing Market Opportunities And Strategies
28. Ship Building And Repairing Market, Conclusions And Recommendations
29. Appendix

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