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Emerging Trends, Drivers and Challenges in the Shipbuilding Market 2019-2023 | Technavio

Emerging Trends, Drivers and Challenges in the Shipbuilding Market 2019-2023 | Technavio

LONDON--(BUSINESS WIRE)--Sep 27, 2019--

The global shipbuilding market size is poised to grow by USD 13.14 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of over 2% during the forecast period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190927005271/en/

Technavio has announced its latest market research report titled global shipbuilding market 2019-2023. (Graphic: Business Wire)

Read the 104-page research report with TOC on "Shipbuilding Market Analysis Report by application (commercial and defense) and geography (the Americas, APAC, and EMEA) 2019-2023 at: https://www.technavio.com/report/global-shipbuilding-market-industry-analysis

The market is driven by the increasing seaborne trading. Also, the use of 3D printing in shipbuilding is anticipated to further boost the growth of the market during the forecast period.

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In the last couple of decades, the shipping industry has recorded an increase in the total trade volume. Rapid industrialization and the liberalization of economies are the prominent factors propelling trade volumes between countries. Advances in technology is another factor contributing to the seaborne trading. Factors such as improved fuel efficiency and multi-fuel engine have made shipping an efficient method of transportation. Thus, the increase in seaborne trading will drive the growth of the shipbuilding market.

The use of 3D printing in shipbuilding is another factor that will drive the growth of the global shipbuilding market during the forecast period. The shipbuilding industry is adopting the 3D printing technology in order to improve efficiencies and quality of the manufactured part. This technology is also expected to improve the design standards.

To find out more about Shipbuilding Market Research 2019-2023, https://www.technavio.com/talk-to-us?report=IRTNTR30496

The report includes detailed profiles of the leading companies & prominent vendors of the market:

  • BAE Systems
  • DSME
  • General Dynamics
  • Hyundai Heavy Industries
  • Samsung Heavy Industries

Market Segmentation by Application:

The Shipbuilding Market can be broadly categorized into the following Application segment:

  • Commercial
  • Defense

Key Regions for the Shipbuilding Market:

Featuring a breakdown of region-wise market shares until 2019.

  • The Americas
  • APAC
  • EMEA

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

Related Reports on Industrials are:

Tank Container Shipping Market – Global Tank Container Shipping Market by end-users (oil and gas industry, chemical industry, and other industries) and geography (APAC, Europe, MEA, North America, and South America).

Shipping Container Market – Global Shipping Container Market by type (dry containers, reefer containers, tank containers, and special containers) and geography (the Americas, APAC, and EMEA).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190927005271/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200




SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 09/27/2019 10:30 AM/DISC: 09/27/2019 10:30 AM