Global Autonomous Marine Vehicles Market

The boat building market consists of sales of boats and related services by entities (organizations, sole traders, and partnerships) that operate shipyards or boatyards. Shipyards and boatyards are fixed facilities with drydocks and fabrication equipment capable of building boats, including dinghies, hovercrafts, motorboats, rowboats, yachts, sailboats, and inflatable rubber boats. Only goods and services traded between entities or sold to end consumers are included. The global boat building market is expected to grow from $34.76 billion in 2020 to $37.14 billion in 2021 at a compound annual growth rate (CAGR) of 6.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $48.36 billion in 2025 at a CAGR of 6.8%. The boat building market covered in this report is segmented by type into recreational boats; commercial boats; military boats; others and by propulsion into motor boats; sail boats. The increasing demand for recreational boats is anticipated to boost the demand for the boat building market. Recreational boating is a popular leisure activity across the globe. Many people participate in recreational boating activities such as water skiing, fishing, and travel. According to the National Marine Manufacturers Association (NMMA) representing recreational boat, marine accessories, and engine manufacturers, the USA recreational boating industry saw a seventh consecutive year of growth in 2018 with the retail unit sales of new powerboats of about 280,000 units in 2018, highest since 2007 and the sales grew by approximately 3% to 4% in 2019. Therefore, the surge in recreational boating is likely to contribute to the demand for boat building. Environmental concerns associated with the usage of certain materials such as exotic woods, plastics, and resins during boat manufacturing is expected to limit the growth of the boat building market. Exotic woods from forests, plastics, and resins manufactured from petroleum have a significant environmental impact. There are many environmental issues associated with boat building due to hazardous chemicals used in boat building, exhaust emissions from boat engines, evaporative emissions from fuel systems, and styrene emissions. According to the United States Environmental Protection Agency, boat manufacturing has been identified as a major source of hazardous air pollution. Furthermore, global issues such as energy usage and minimizing the carbon footprint is a major challenge for players operating in the boat building market. The development of autonomous boats is gaining popularity in the boat building market. Top companies in the market are developing technologically advanced autonomous boats to maintain their position in a competitive business environment. For instance, in August 2020, Ocious Technology Ltd., an Australian public listed company, provided Australia with autonomous boats to watch out for refugees at sea. The company was awarded $5.5 billion by the Australian government’s Department of Defense for the development of autonomous unmanned surface vessels. In May 2019, Hike Metal, a Canada-based boat builder, collaborated with Sea Machine Robotics, a US-based autonomous technology company engaged in building autonomous and navigation systems for the commercial boating and marine industry, to develop an unmanned search-and-rescue (SAR) boat. In April 2020, Century Boats, an American boat building company, acquired Vanquish Boats, a US-based dayboat manufacturer for an undisclosed amount. The acquisition is expected to expand Century Boats’ dealership, distribution network, and service network. The existing models of Vanquish will be reintroduced as Century Coronado, which will add to Century Boats’ existing product portfolio. Vanquish Boats is a builder of a dual console, cuddy, premium center console, and runabout dayboats. The major players covered in the global boat building market are Armstrong Marine USA Inc., Brunswick Corporation (BC), Survitec Group, Ancasta International Boat Sales Ltd, Metal Shark, Gulf Craft LLC, Dakota Creek Industries Inc., Main Iron Works. The countries covered in the global boat building market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global boat building market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global boat building market is segmented - 1) By Type: Recreational Boats, Commercial Boats, Military Boats, Others 2) By Propulsion: Motor Boats, Sail Boats 3) By Application: Private Use, Commercial Use, Military Use

The boat repairing market consists of sales of boat repairing and related services by entities (organizations, sole traders and partnerships) that operate shipyards or boatyards. Only goods and services traded between entities or sold to end consumers are included. The global boat repairing market is expected to grow from $6.33 billion in 2020 to $6.81 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $8.75 billion in 2025 at a CAGR of 6.5%. The boat repairing market covered in this report is segmented by type into recreational boats; commercial boats; military boats; others and by propulsion into motor boats; sail boats. The increasing demand for recreational boats is anticipated to boost the demand for the boat building market. Recreational boating is a popular leisure activity across the globe. Many people participate in recreational boating activities such as water skiing, fishing, and travel. According to the National Marine Manufacturers Association (NMMA), in 2018, the estimated number of boats in the USA was 15.8 million, including the boats that are not registered. The US recreational boating industry saw a seventh consecutive year of growth in 2018 with the retail unit sales of new powerboats of about 280,000 units in 2018, highest since 2007 and the sales grew by approximately 3-4% in 2019. The surge in recreational boating is likely to contribute to the demand for the boat repair market. The maritime industry that includes shipping, boating, and sailing activities is one of the industries that has been majorly impacted due to the spread of COVID-19 disease. This epidemic has halted boating repair and related activities due to the shutdown of facilities. All commercial and marine recreational activity and personal pleasure boats have also been suspended to control the spread of the coronavirus. According to the Willis Towers Watson insights, over 3 billion citizens have been under lockdown resulting in a slowdown of economic activity and sinking of the global economy by -3.0%. The delay in re-establishing the supply chain networks and logistics capabilities will impact the boat building and repairing industry. Robots are used for performing many activities in the maritime industry, from cleaning and maintenance to full-on driverless craft, to reduce the risk for humans and to increase the efficiency of the process. For instance, the Robotic Hull Bio-Inspired Underwater Grooming Tool, also called the Hull BUG, is a small robot that attaches to the underside of a vessel to clean the surface. According to the Sea Robotics estimates, 5% of fuel efficiency from regular cleanings saves about $15 billion per year in fuel costs and reduces 1 billion tons of greenhouse gas emission. Robots are expected to offer green and eco-friendly benefits. Therefore, advanced robotics that is influencing maritime operations is a key trend in the maritime industry. The major players covered in the global boat repairing market are Brunswick, Riviera, Holyhead Boatyard, Ancasta International Boat Sales, Survitec Survival Craft, Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries, Mitsubishi Heavy Industries, Samsung Heavy Industries, General Dynamics. The countries covered in the global boat repairing market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global boat repairing market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global boat repairing market is segmented - 1) By Type: Recreational Boats, Commercial Boats, Military Boats, Others 2) By Propulsion: Motor Boats, Sail Boats 3) By Services: Collision Damage, Fire Damage, Submergence, Groundings, Transport Damage

The autonomous ships market consists of sales of autonomous ships and related services. The autonomous ship is also known as crewless watercraft piloted by artificial intelligence (AI) without human interference. These ships are unmanned and function autonomously as a type of seafaring drone. Autonomous ships work on artificial intelligence technology and sensors which include LiDAR, radar, high definition cameras, sonar, and thermal imaging. The various levels of autonomous operations comprise fully manned to partially operated, partially autonomous, remote operated, and fully autonomous ships. The global autonomous ships market is expected grow from $5.68 billion in 2020 to $6.46 billion in 2021 at a compound annual growth rate (CAGR) of 13.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $9.24 billion in 2025 at a CAGR of 9%. The autonomous ships market covered in this report is segmented by autonomy into fully autonomous; remote operations; partial autonomous and by end-user into commercial; defense. Increasing marine accidents caused by human errors lead to high financial losses which are predicted to act as a major driver for the growth of the autonomous ships market. Unmanned ships or autonomous technology apprehend accidents attributing to human errors and contributes to the higher potential of reducing onboard accidents. According to the International Institute of Marine Surveying report published in November 2019, human error represents 58% of accidental events and 70% of accidents had shipboard operations as a major cause for accidents. Therefore, the use of autonomous ships in order to reduce the increasing number of accidents due to human error and financial losses is expected to drive the demand for autonomous ships over the next coming years. The increasing threat of cybersecurity and privacy is expected to limit the growth of the autonomous ships market during the forecast period. The advancements in technology and adoption of artificial intelligence (AI), mobility systems, and the internet of things (IoT) are creating higher chances of cybersecurity and data threats which is a major challenge for the autonomous ship industry. According to Association for Computing Machinery (ACM)’s journal on cybersecurity of the autonomous ship, cybersecurity is a serious issue for autonomous ships, regardless of the form and level of autonomy of the ship, owing to their increased dependence on ICT for controlling the ship, accessibility of systems to the internet, and increased connectivity of ship’s control system to onshore monitoring systems. Thus, the rising threat for cybersecurity and privacy is predicted to act as a major factor restraining the autonomous ships market over the forthcoming years. Major companies undertaking various strategic initiatives such as the development of fully autonomous ships, which is likely to be a major trend driving the growth of the autonomous ships industry. For instance, according to Offshore Energy news published in December 2018, Rolls Royce, a technology company, and Finferries, a state-owned ferry operator demonstrated the world’s s first fully autonomous ferry in the archipelago south of the city of Turku, Finland. It used a combination of Rolls Royce ship intelligence technology in order to navigate autonomously during its journey between Paraninen and Nauvo. The development of fully autonomous is a major trend that is anticipated to provide growth opportunities to the market. In May 2018, Wärtsilä Corporation, the technology group announced the acquisition of Transas, a UK-based firm for an amount of $257.8 million. This acquisition is a part of Wärtsilä Corporation’s attempt to expand the company’s smart marine ecosystem vision. The smart marine ecosystem is a vision where smart vessels connect with smart ports in order to improve the operational efficiency and use of resources to reduce risk and impact on the environment by enhancing security and safety. Transas was founded in 1990 and is a provider of ship & fleet operation solutions which includes access to information for real-time information, digital data and electronic chart services, and bridge infrastructure. The major players covered in the global autonomous ships market are General Electric, DNV GL, Rolls-Royce Holding PLC, Kongsberg Gruppen AS, NYK Line, Mitsui E&S Holdings Co Ltd, Wärtsilä Corporation, DSME Co., Ltd., Vigor Industrial LLC., Praxis Automation Technology B.V., Valmet Corp, Automated Ships Ltd., ASV Global , Rh Marine, L3 ASV, Siemens. The countries covered in the global autonomous ships market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global autonomous ships market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global autonomous ships market is segmented - 1) By Autonomy: Fully Autonomous, Remote Operations, Partial Autonomous 2) By End-User: Commercial, Defense 3) By Propulsion Type: Fully Electric, Hybrid 4) By Fuel Type: Carbon Neutral Fuels, LNG, Electric, and Heavy Fuel Oil/Marine Engine Fuel

The market for autonomous trains consists of sales of autonomous trains, which are automatic train protection (ATP) system enabled, helps the train to automatically stop at signals with speed control. The trains are designed with high powered cameras, latest sensors, GPS data, and onboard computer systems. The data is collected from sensors and monitored at control rooms which enables the autonomous system to make an informed decision. Autonomous trains can run more frequently and achieve higher speeds, enables managers to increase the number of trains in operation on a route instead of having to go to the significant expense of building new tracks. The market consists of revenue generated by the company’s manufacturing the automatic trains by the sales of these products. The global autonomous trains market is expected grow from $6.95 billion in 2020 to $7.73 billion in 2021 at a compound annual growth rate (CAGR) of 11.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $10.8 billion in 2025 at a CAGR of 9%. The autonomous trains market covered in this report is segmented by train type into suburban trains; tram; monorail; subway/metro; long distance trains. Increased need for a safe, efficient, cheap, fast and reliable mode of transportation is contributing the growth of global autonomous train market. Rail is the safest mode of land transport and more attractive to the customer. It is also one of the fastest mode of transports, which moves on high speed lines that are expected to average up to 300 km/hour. The distance of 1000 km can easily be reached within 5 to 7 hours. It offers much greater flexibility of the time, allowing train frequencies to be better matched to demand at peak and off-peak times. This offers a much better service to potential passengers and drives an increase in passenger numbers. When it comes to the fares, intra-modal competition among railway operators, and competition among railway suppliers will keep fares affordable even in countries with low per capita income. Increased safety and cheaper fares compared to other transports drove the autonomous train market. High deployment and operational costs along with increased security concerns is expected to limit the growth of autonomous train market. The capital costs of signalling and control equipment are likely to be associated with maintenance costs, operational costs, and large capital investments. On the other side, the transfer of data between a trains safety critical system, in particular, is a potential target for hackers. ATO (Automatic Train Operation) with its interconnectivity with other systems has an increased threat, making it potentially vulnerable to cyberattack. As it transfers high resolution, real-time train determination information between the wayside, the train and the control centre, it is essential to ensure this vital data remains secure. LiDAR and Artificial Intelligence are increasingly being used in autonomous trains to improve the performance of the trains. LiDAR (Light Detection and Ranging) system measures speed of moving train and captures irregularities of the track and evaluates the rail track quality. It uses two pairs of lenses to capture speed signals from both rails individually. The track speed, curvature, and lateral and vertical geometry variations on each side are determined. Artificial Intelligence (AI) is expected to improve the performance of automated metro lines by enabling predictive maintenance which help to reduce the incidents and assist operators to recover from incidents more quickly. Control Centre with visual and voice interactions during an incident is a time-consuming process. AI also help to reduce these interactions and allow traffic controllers to focus on the core problem. In February 2020, Alstom, a France based manufacturing company acquired Bombardier Inc. for $7.02 billion to $7.50 billion. The acquisition of Bombardier Transportation is a one-time opportunity coming at the right moment for Alstom, having significantly strengthened its operational and financial profile over the past 4 years to accelerate its strategic roadmap, and adding to Alstom complementary commercial and industrial platforms. Bombardier Inc., a Canada based train transport company. The major players covered in the global autonomous trains market are Alstom S.A., ABB, Bombardier Transportation, CRRC Transportation, Hitachi Ltd., Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Siemens AG., Thales Group, Ansaldo, Beijing Traffic Control Technology, General Electric, China CNR Corporation Ltd, Incheon Transit Corporation, Intesens, Transmashholding, CalAmp, Hollysys, Deuta, Wabtec Corporation, Ingeteam, Tech Mahindra Ltd, American Equipment Company, Belden, Inc., Bharat Forge Ltd., CAF, Construcciones y Auxiliar de Ferrocarriles, S.A, Deutsche Bahn AG, Tvema, Wabtec Corporation. The countries covered in the global autonomous trains market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global autonomous trains market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global autonomous trains market is segmented - 1) By Train Type: Suburban Trains, Tram, Monorail, Subway/Metro, Long Distance Trains 2) By Technology:  Automatic Train Control (ATC), Communication-Based Train Control (CBTC), European Railway Traffic Management System (ERTMS), Positive Train Control (PTC) 3) By Grade of Automation: GOA1, GOA2, GOA3, GOA4 4) By Application: Passenger Train, Freight, Mining

The motor home market consists of sales of motor homes and related services by entities (organizations, sole traders and partnerships) that produce motor homes on purchased chassis and/or produce conversion vans on an assembly line basis. Motor homes are units where the motor and the living quarters are integrated in the same unit. The motor home market is segmented into self-contained motor homes assembling and van and minivan conversions. The global motor home market is expected to grow from $144.08 billion in 2020 to $150.63 billion in 2021 at a compound annual growth rate (CAGR) of 4.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $201.85 billion in 2025 at a CAGR of 8%. Asia Pacific was the largest region in the global motor home market, accounting for 51% of the market in 2020. North America was the second largest region, accounting for 19% of the global motor home market. Africa was the smallest region in the global motor home market. One of the most significant trends in the motor homes manufacturing industry is the upcoming solar powered motor homes, which are basically electric motorhomes powered by solar panels and a battery pack. Dethleffs unveiled the e-home, a motorhome powered by solar panels and a battery pack. The company claims that it enables a range of 100 miles and it can support both DC fast-charging and level 2 electric vehicle charging. The major players covered in the global motor home market are Forest River, REV Group, Keystone RV, Jayco, Thor Industries. The countries covered in the global motor home market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The regions covered in the global motor home market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global motor home market is segmented - 1) By Type: Self-Contained Motor Homes Assembling, Van And Minivan Conversions 2) By Application: Residential, Commercial

The motor vehicle parts market consists of sales of motor vehicle parts and related services by entities (organizations, sole traders and partnerships) that produce motor vehicle gasoline engines and engine parts, motor vehicle electrical and electronic equipment, motor vehicle steering and suspension components (except springs), motor vehicle brake systems, motor vehicle transmission and power train parts, motor vehicle seating and interior trim, motor vehicle metal stampings, and other motor vehicle parts and accessories.This market includes sales of rebuilt motor vehicle parts.This market includes sales of both new and used vehicles.The motor vehicle parts market is segmented into motor vehicle body, metal stamping & other parts; motor vehicle engine, power train & parts and motor vehicle electrical & electronic equipment, steering suspension, & interiors. The global motor vehicle parts market is expected to grow from $2650.5 billion in 2020 to $2781.2 billion in 2021 at a compound annual growth rate (CAGR) of 5%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.The market is expected to reach $3810.1 billion in 2025 at a CAGR of 8%. Asia Pacific was the largest region in the global motor vehicle parts market, accounting for 45% of the market in 2020.Western Europe was the second largest region, accounting for 22% of the global market.Africa was the smallest region in the global motor vehicle parts market. Technological Advances - Advances in technology are expected to be a continued driver of motor vehicle parts manufacturing market growth in the forecast period.The global transport manufacturing industry has experienced many technological advances in the last decade and this trend is expected to intensify.According to Forbes, the ten new features to expect in vehicles by 2020 include autonomous driving, driver override systems, biometric vehicle access, comprehensive vehicle tracking, active window displays, remote vehicle shutdown, active health monitoring, four-cylinder supercars, smart and personalized in-car marketing and reconfigurable body panels.These innovations are expected to drive the motor vehicle parts manufacturing market during the forecast period. Coronavirus Pandemic - The outbreak of the Coronavirus disease (COVID-19) acted as a massive restraint on the motor vehicle parts manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally.COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing.The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia.Transportation manufacturers depend heavily on supply of parts and components from different countries across the globe.As many governments restricted the movement of goods across countries, manufacturers had to halt production due to lack of parts and components.Also, sales of new automobiles decreased significantly due to decline in consumer demand as many countries impose lockdowns.The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021.However, it is expected that the motor vehicle parts manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. The demand for electric vehicles is increasing rapidly and this is expected to disrupt the automotive value chain.Engines of electric vehicles are less complicated than their gasoline counterparts, thus requiring fewer replacement parts over the lifetime of a car.Electrification of cars also means that components such as air-conditioning units, water pumps, brakes and steering systems will need to be adapted and designed to meet the requirements of electric cars.Since electric vehicles are manufactured with one-third the number of internal combustion engine (ICE) cars' components, less collaboration will be required between automaker and parts suppliers.This will decrease vehicle-to-component calibration, thus allowing parts suppliers to develop products with more autonomy.According to a report by EY firm, electric vehicles transformation in India may affect existing automobile spare part sales as EV is built with 20 moving parts while vehicles equipped with internal combustion engines have around 200 spare parts. Major companies in the market include Robert Bosch; Denso Corporation; Magna International Inc; Aisin Group; Continental Automotive Systems Corporation. The countries covered in the global motor vehicle parts market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global motor vehicle parts market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global motor vehicle parts market is segmented - 1) By Type: Motor Vehicle Body, Stamped Metal & Other Parts, Motor Vehicle Engine, Power Train & Parts, Motor Vehicle Electrical & Electronic Equipment, Steering Suspension, & Interiors 2) By Application: Passenger Vehicle, Commercial Vehicle 3) By End Use: OEM, Aftermarket Subsegments Covered: Motor Vehicle Body, Stamped Metal, Other Parts, Vehicle Engine And Engine Parts, Power Train And Power Train Parts, Motor Vehicle Electrical and Electronic Equipment, Motor Vehicle Steering and Suspension Components (except Spring), Motor Vehicle Seating and Interior Trim

The transport market consists of sales of transportation equipment and related services by entities (organizations, sole traders and partnerships) that produce equipment for transporting people and goods.Transportation equipment is a type of machinery.The transport market is segmented into motor vehicle parts; motor vehicles; train and components; trailer; motor home; travel trailer and camper; ship and boat building and repairing and all other transportation equipment. The global transport market is expected to grow from $5623.9 billion in 2020 to $5996.2 billion in 2021 at a compound annual growth rate (CAGR) of 6.%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.The market is expected to reach $8266.5 billion in 2025 at a CAGR of 8%. Asia Pacific was the largest region in the global transport market, accounting for 42% of the market in 2020.North America was the second largest region, accounting for 23% of the global transport market.Africa was the smallest region in the global transport market. Economic Growth In Emerging Markets-The transport manufacturing market is aided by the rapid economic growth of developing countries during the historic period.The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.% in 2020 and 3.% in 2021.Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth.Developed economies are also expected to register stable growth during the forecast period.Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period.Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period. Coronavirus Pandemic - The outbreak of the Coronavirus disease (COVID-19) acted as a massive restraint on the transportation manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally.COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing.The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia.Transportation manufacturers depend heavily on supply of parts and components from different countries across the globe.As many governments restricted the movement of goods across countries, manufacturers had to halt production due to lack of parts and components.Also, sales of new automobiles decreased significantly due to decline in consumer demand as many countries impose lockdowns.The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021.However, it is expected that the transportation manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Virtual reality and augmented reality technologies are being widely used by transportation manufacturing companies for faster creation of physical prototypes and reduce manufacturing defects.While AR is a real-time integration of digital information with the user's environment, VR is a three-dimensional, computer generated environment that can be explored and interacted with.These technologies benefit the manufacturing process by reducing rework, increasing quality, lower labor costs, meet timelines, improving safety, streamline collaboration, design analysis approach, improve accuracy, aid in project management and presentation of product plans.Major transportation manufacturing companies utilizing AR and VR technologies include Toyota, Volkswagen Group, General Motors and Daimler AG. Major companies in the market include Toyota Motor; Volkswagen Group; General Motors; Daimler AG; Ford Motor. The countries covered in the global transport market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global transport market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global transport market is segmented - 1) By Type: Motor Vehicle Parts, Motor Vehicles, Train And Components, Trailer, Motor Home, Travel Trailer And Camper, Ship And Boat Building And Repairing, All Other Transportation Equipment Subsegments Covered: Motor Vehicle Body, Stamped Metal & Other Parts, Motor Vehicle Engine, Power Train & Parts, Motor Vehicle Electrical & Electronic Equipment, Steering Suspension & Interiors, Motorcycle And Bicycle, Passenger Car, Commercial Vehicle, Locomotives, Wagons & Other Rolling Stock, Parts & Accessories For Railway Vehicles, Dry Vans, Refrigirated Trailers, Tank Trailers, Flatbed Trailers, Lowboy Trailers, Other Trailers, Self-Contained Motor Homes Assembling, Van And Minivan Conversions, Travel Trailer, Camper, Ship Building And Repairing, Boat Building And Repairing

Ship Building and Repairing Market Definition

The ship building and repairing market consists of sales of ships and ship building and repairing services by entities (organizations, sole traders and partnerships) that are engaged in operating shipyards. Shipyards are fixed facilities with dry-docks and fabrication equipment capable of building a ship, defined as watercraft not typically suitable or intended for personal or recreational use. Ship building, which is also referred to as ship construction, includes the construction of ships, their repair, conversion and alteration, the production of prefabricated ship and barge sections, and specialized services, such as ship scaling.