Better conditions: Demand is forecast to stabilize due to a need for fuel-efficient ships, new regulations and economic growth

Over the five years to 2017, the Global Ship and Boat Building industry experienced stormy waters. The economic downturn and subsequent overcapacity in the shipping industry led to a collapse in new orders. Consequently, industry backlogs were eventually depleted and production plunged. Therefore, over the five years to 2017, industry revenue is expected to fall. Moving forward, the recent fall in orders for dry bulk cargo ships and offshore vessels will continue to negatively impact the industry. Moreover, the shipping industry overall will continue to suffer from overcapacity, tempering demand for most types of cargo ships. However, demand is anticipated to eventually stabilize as the need for more fuel-efficient ships, new regulations and economic growth increase vessel orders...read more.

Industry Statistics & Market Size
Revenue
$142bn
Annual Growth 12-17
-7.1%
Forecast Growth 17-22
Profit
Employment
862,799
Businesses
11,137
Market Share of Companies

Industry Report - Industry Locations Chapter

AsiaWhile international trade in this industry is high, the majority of global production is in North Asia, which accounts for 80.7% of industry revenue in 2017. In particular, South Korea, China and Japan account for almost all of this region's production. South Korea is a leading producer, accounting for 38.1% of the value in commercial ship completions. The nation is home to the largest shipbuilders in the world, which manufacture not only among the world's largest container ships, but also billions of dollars in offshore vessels. China is the second-largest producer in the region, account for 29.3% of the value in completions. Over the past few decades the country has heavily invested into shipbuilding, particularly focusing on dry bulk vessels. How...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..

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    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
  • 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
  • Industrial production index of OECD countries
  • World price of steel
  • 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
  • Bulk carriers
  • Dry cargo ships
  • Tankers
  • Other
  • Chart: Global Ship & Boat Building Industry Products and Services Segmentation

  • Demand Determinants
  • Shipbuilding
  • Boatbuilding

  • Major Markets
  • Commodity carriers
  • Container and other cargo lines
  • Other
  • 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
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Global consumer spending (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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 offers insightful industry analysis and research into the market at an international level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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.

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