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Ship Building in China Industry Data and Analysis
Over the five years through 2024, the Ship Building industry in China has been declining at an annualized rate of 4.7% to $58.8 billion. This industry's activities are highly concentrated in Jiangsu, Zhejiang, Shandong and Shanghai.In 2019, China completed 36.7 million DWT (Dead Weight Ton) of shipbuilding, increasing 6.1% from 2018. However, mainly due to insufficient market demand, industry revenue decreased by 11.0% from 2018. In 2020, affected by the global spread of the COVID-19 pandemic, the slowdown of the world economic recovery, the lack of demand in the shipping and maritime markets, industry revenue decreased by 2.3% to $45.6 billion in the year. In 2021, the world economy recovered unevenly, the international shipping market showed a positive trend. China completed 39.7 million DWT of shipbuilding in the year, increasing 3.1% from 2020. In 2022, China completed 39.7 million DWT of shipbuilding, down 4.5% from 2021 and industry revenue decreased by 0.3% in the year. In 2023, the shipbuilding completion volume, the new order volume and the handheld order volume were 42.3 million DWT, 71.2 million DWT, and 139.4 million DWT, respectively, with year-on-year growth rates of 11.8%, 56.4% and 32.0%, respectively. In the first half of 2024, the three major indicators of the Ship Building in China grew synchronously, with the shipbuilding completion volume, the new order volume and the handheld order volume increasing by 18.4%, 43.9% and 38.6%, respectively. The Ship Building in China continues leading the world. The industry revenue is expected to increase 14.5% to $58.8 billion in 2023, when profit will be 0.1%.In the next five years, industry revenue is forecast to increase at an annualized rate of 9.0% to total $90.4 billion in 2029. The Ship Building industry in China is expected to maintain steady growth in the next five years. Higher product quality and strict standards for high value-added production will be industry development trend. Large companies in this industry are developing new ship types for more cargo varieties and higher profitability.
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What's included in this industry analysis
IBISWorld's research coverage on the Ship Building industry in China includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released November 2024.
About this industry
What's this industry report about?
The Ship Building industry in China operates under the industry code 3751. Firms operating within the Ship Building industry in China primarily manufacture ships, ship bodies and boats from metals such as steel and aluminum. The ships and boats manufactured by this industry are intended for civil and military use, and exclude non-metal ships and boats for entertainment and sport. Ship repairing is included in the Ship Repairing and Conversion industry in China (IBISWorld industry report 3755). Related terms covered in the Ship Building industry in China include baltic dry index (bdi), liquefied petroleum gas (lpg) and liquefied natural gas (lng).
What's included in this industry?
Products and services covered in Ship Building industry in China include Bulk cargo carriers, Oil tankers and Container carriers.
What companies are included in this industry?
The Ship Building industry in China is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Ship Building industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Ship Building industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Ship Building industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Ship Building industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Ship Building industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Ship Building industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Ship Building industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Ship Building industry in China.
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Frequently Asked Questions
What is the market size of the Ship Building industry in China in 2026?
The market size of the Ship Building industry in China is $58.8bn in 2026.
How many businesses are there in the Ship Building industry in China in 2024?
There are 109 businesses in the Ship Building industry in China, which has declined at a CAGR of 1.1 % between 2019 and 2024.
How may import tariffs affect the Ship Building industry in China?
The Ship Building industry in China is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Ship Building industry in China?
The Ship Building industry in China is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Ship Building industry in China grown or declined over the past 5 years?
The market size of the Ship Building industry in China has been growing at a CAGR of 4.7 % between 2019 and 2024.
What is the forecast growth of the Ship Building industry in China over the next 5 years?
Over the next five years, the Ship Building industry in China is expected to grow.
What does the Ship Building industry in China include?
Bulk cargo carriers and Oil tankers are part of the Ship Building industry in China.
How competitive is the Ship Building industry in China?
The level of competition is high and increasing in the Ship Building industry in China.
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