The ship and boat building and repairing industry includes establishments operating shipyards and boatyards. Their products include cargo ships, passenger ships, yachts, oil and gas drilling and production platforms, barges, inflatable plastic boats and rowing boats.
The top five companies covered are Daewoo Shipbuilding & Marine Engineering Co Ltd, Hyundai Heavy Industries, Mitsubishi Heavy Industries, Samsung Heavy Industries and General Dynamics. Daewoo Shipbuilding & Marine Engineering Co Ltd was the largest company in the ship and boat building and repairing market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global ship and boat building and repairing market was valued at around $224 billion in 2017. Asia Pacific was the largest region in the ship and boat building and repairing market in 2017, accounting for around 55% market share. China was the largest country in the market in 2017, accounting for around 31% market share.
Many ship building companies are using advanced outfitting methods to reduce shipbuilding cycle time and costs. Traditionally, shipbuilding process was sequential with outfitting of components only after the ship hull was launched, whereas, advanced outfitting is the fitting of machinery, seating structures, piping, electrical and hull outfit items before the hull structure is fabricated and erected on the birth or dock.