Shipbuilding market 2020-2024 | Increase maritime trade to stimulate growth | Technavio

LONDON–(COMMERCIAL THREAD) – Technavio is monitoring the shipbuilding market and it is expected to grow by $ 14.36 billion during the period 2020-2024, growing at a CAGR of nearly 3% during the forecast period. The report offers up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Technavio offers three forecast scenarios (optimistic, probable and pessimistic) given the impact of COVID-19. Request for the latest Technavio reports on the directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the shipbuilding market Download a free sample report

The market is concentrated and the degree of concentration will accelerate during the forecast period. BAE Systems Plc, Daewoo Shipbuilding & Marine Engineering Co. Ltd., Damen Shipyards Group, Fincantieri Spa, General Dynamics Corp., Huntington Ingalls Industries Inc., Hyundai Heavy Industries Holdings Co. Ltd., Oshima Shipbuilding Co. Ltd., Samsung Heavy Industries Co. Ltd. and Sumitomo Heavy Industries Ltd. are among the main players in the market. To make the most of opportunities, market sellers should focus more on growth prospects in fast growing segments, while maintaining their positions in slow growing segments.

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The increase in maritime trade has been instrumental in the growth of the market. However, fluctuations in commodity prices could hamper the growth of the market.

Technavio’s customized research reports offer detailed information on the impact of COVID-19 at the industry level, regional level, and subsequent supply chain operations. This personalized report will also help customers track new product launches in direct and indirect markets related to COVID-19, upcoming vaccines and pipeline analysis, and significant developments in supplier operations and government regulations. .

Shipbuilding Market 2020-2024: Segmentation

The shipbuilding market is segmented as follows:

  • Application

  • Geographic landscape

    • APAC

    • Europe

    • South America

    • North America

    • MEA

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Shipbuilding Market 2020-2024: Scope

Technavio presents a detailed picture of the market through the study, synthesis and summation of data from multiple sources. The shipbuilding market report covers the following areas:

  • Shipbuilding market size

  • Shipbuilding market trends

  • Industry Analysis of the Shipbuilding Market

This study identifies the increasing number of passenger cruises as one of the main reasons for the growth of the shipbuilding market in the coming years.

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Shipbuilding Market 2020-2024: Highlights

  • Market CAGR during the forecast period 2020-2024

  • Detailed information on the factors that will contribute to the growth of the shipbuilding market over the next five years

  • Estimation of the size of the shipbuilding market and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the shipbuilding market

  • Market competitive landscape analysis and detailed supplier information

  • Complete details of the factors that will challenge the growth of the Shipbuilding Market vendors



Market landscape

  • Market ecosystem

  • Value chain analysis

Market sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market Outlook: Forecast for 2019 – 2024

Five forces analysis

  • The bargaining power of buyers

  • Bargaining power of suppliers

  • The threat of new participants

  • The threat of substitutes

  • Threat of rivalry

  • State of the market

Market segmentation by application

  • Market segments

  • Comparison by application placement

  • Commercial – Market Size and Forecast 2019-2024

  • Defense Market Size and Forecast 2019-2024

  • Market Opportunity By Application

Customer landscape

Geographic landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC Market Size and Forecast 2019-2024

  • Europe – Market Size and Forecast 2019-2024

  • South America Market Size and Forecast 2019-2024

  • North America Market Size and Forecast 2019-2024

  • MEA – Market Size and Forecast 2019-2024

  • Main leading countries

  • Market opportunity by geography

Drivers, challenges and trends

  • Market factors

  • Volume Driver – Demand-Driven Growth

  • Volume engine – Supply-driven growth

  • Volume driver – External factors

  • Volume driver – Changing demand in adjacent markets

  • Price Driver – Inflation

  • Price Driver – Switching from the cheapest units to the most expensive units

  • Market challenges

  • Market trends

Supplier landscape

  • Overview

  • Landscape disturbance

Supplier analysis

  • Covered suppliers

  • Positioning of sellers in the market

  • BAE Systems Plc

  • Daewoo Shipbuilding & Marine Engineering Co. Ltd.

  • Damen Shipyards Group

  • Spa Fincantieri

  • General Dynamics Corp.

  • Huntington Ingalls Industries Inc.

  • Hyundai Heavy Industries Holdings Co. Ltd.

  • Oshima Shipbuilding Co. Ltd.

  • Samsung Heavy Industries Co. Ltd.

  • Sumitomo Heavy Industries Ltd.


  • Scope of the report

  • Currency conversion rates for US $

  • Research methodology

  • Abreviations list

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Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000+ reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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