Over the five years to 2018, the Global Ship and Boat Building industry has soldiered through stormy waters. Industry players build ships and boats ranging from large container ships and tankers to yachts and speedboats. However, the vast majority of industry revenue comes from the construction of large ships used for cargo transportation. Despite the global economy recovering over the past five years, demand for new ships has remained lackluster. Overcapacity in global shipping caused rates to plunge, with fewer shipping companies able to afford or even need new ships. Moreover, the recent slowdown in emerging market growth and the fall in commodity prices have further weakened demand for new ships as the majority of ships built are used to transport goods such as coal...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • Despite the global economy recovering over the past five years, demand for new ships has remained lackluster
  • The slowdown in emerging markets and the fall in commodity prices further reduced demand for ships
  • As the global economy continues to expand, more goods will need to be transported by sea, increasing demand
  • Industry Report - Industry Key Buyers Chapter

    Overall, the Global Ship and Boat Building industry has a low level of market share concentration. Concentration is higher in the civil shipbuilding sector compared with the boatbuilding sector. The top four industry players account for less than one-fifth of industry revenue. The low level of concentration may be attributed to emerging players in the market (especially in civil shipbuilding), a highly fragmented boatbuilding market and limited capacity per shipyard. Plus, industry demand is cyclical since operators rely on project contracts and many shipyards have an order backlog and it may take years to realize this potential revenue. Therefore, even as demand wavers in the current period, IBISWorld expects these major players to gain market share in the upcoming years. Fur...purchase to read more.

    Additional Insights for the Global Ship & Boat Building Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Global Ship & Boat Building Industry are

  • Undertaking technical research and development
  • Financial structure of the company
  • Well-developed internal processes
  • IBISWorld analysts also discuss how external factors such as Total value of world trade and Global consumer spending in the Global Ship & Boat Building industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Global Ship & Boat Building Industry?

    Companies in this industry operate shipyards or boatyards. Shipyards are fixed facilities with dry docks and fabrication equipment capable of building ships, including barges, cargo ships, container ships, ferryboats, fishing boats, passenger ships, patrol boats and sailing ships. While ships are intended primarily for commercial use, boats are defined as watercraft typically suitable or intended for personal use and include cabin cruisers, dinghies, motorboats and rowboats.

    Industry Products
  • Tankers
  • Bulk carriers
  • Dry cargo ships
  • Gas tankers
  • Passenger ships
  • Other non-cargo vessels
  • Industry Activities
  • Building barges
  • Building cargo ships
  • Building container ships
  • Building passenger ships
  • Repairing ships
  • Converting and altering ships
  • Producing prefabricated ship and barge sections
  • Providing specialized ship services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total value of world trade
  • Global consumer spending
  • World price of crude oil
  • World price of steel
  • Industrial production index of OECD countries
  • World production of oil

  • Current Performance
    Revenue and demandCompetition and trade
  • Chart: Revenue Growth

  • Industry Outlook
    The storm continuesIndustry cuts down
  • Table: Global Ship & Boat Building Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Global Ship & Boat Building Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Global Hunting and Fishing
  • Global Oil & Gas Exploration & Production
  • Global Iron Ore Mining
  • Global Deep-Sea, Coastal & Inland Water Transportation
  • Global Marine & Container Terminal Operation

  • Key Selling Industries
  • Global Alumina and Aluminum Production and Processing
  • Global Computer Hardware Manufacturing
  • Global Forestry
  • Global Glass and Glass Products Manufacturing
  • Global Iron and Steel Pipe and Tube Manufacturing
  • Other Global Manufacturing

  • Products & Services
  • Tankers
  • Dry cargo ships
  • Bulk carriers
  • Other non-cargo vessels
  • Gas tankers
  • Passenger ships
  • Chart: Global Ship & Boat Building Industry Products and Services Segmentation

  • Demand Determinants
  • Shipbuilding
  • Boatbuilding

  • Major Markets
  • Commodity carriers
  • Other
  • Container and other cargo lines
  • Passenger companies
  • Chart: Major Market Segmentation for the Global Ship & Boat Building Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Global Ship & Boat Building

  • Basis of Competition
  • Shipbuilding
  • Boatbuilding

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Global Ship & Boat Building Industry

  • Industry Globalization
    Hyundai Heavy Industries Co. Ltd.,
  • Table: Hyundai Heavy Industries Co. Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Global Ship & Boat Building Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Global Ship & Boat Building Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Commercial ships completed worldwide (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Compensated Gross Tonnage (Cgt)
  • An expression of the amount of necessary labor to produce a ship based on its size, weight and type.
  • Deadweight Tons (Dwt)
  • An expression of a ship's carrying capacity, including the weight of the crew, passengers, cargo, fuel, ballast, drinking water and stores.
  • Order Book
  • Ship and boat builders often have considerable volumes of orders under construction, or awaiting construction. A large order book insulates a company from peaks and troughs in the market.
  • Transom
  • In naval architecture, this is the surface that forms the stern (rear) of a vessel.
  • Twenty-Foot Equivalent Unit (Teu)
  • A measure used in intermodal transport.
  • What Our Customers Say

    Why buy this report?

    The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Ship & Boat Building global market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies globally and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Global Ship & Boat Building:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Global Ship & Boat Building market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Global Ship & Boat Building, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.