Ship Repairing Global Market Report 2022 – By Vessel Type (Oil and Chemical Tankers, Bulk Carriers, General Cargo, Container Ships, Gas Carriers, Offshore Vessels, Passenger Ships and Ferries, Mega Yachts), By Application (General Services, Dockage, Hull Part, Engine Parts, Electric Works, Auxiliary Services), By End-User (Transport Companies, Military) – Market Size, Trends, And Global Forecast 2022-2026

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The ship repairing market consists of revenue generated by sales of ship repairing services by entities (organizations, sole traders, and partnerships) that operate shipyards. Only goods and services traded between entities or sold to end consumers are included.

The main types in the ship repairing market are oil and chemical tankers, bulk carriers, general cargo, container ships, gas carriers, offshore vessels, passenger ships and ferries, mega yachts, and other vessels. The oil and chemical tankers refer to the tankers that provide oil in ships and are transported. The various applications include general services, dockage, hull part, engine parts, electric works, auxiliary services. The various end-users are transport companies, military, other end-users.

The global ship repairing market size is expected to grow from $29.73 billion in 2021 to $33.2 billion in 2022 at a compound annual growth rate (CAGR) of 11.7%. The global ship repairing market is then expected to grow to $50.2 billion in 2026 at a CAGR of 10.9%.

The increasing seaborne trade is predicted to contribute to the growth of the shipbuilding market. The rising population, surging purchasing power of consumers, and improving standards of living are increasing the demand for consumer goods leading to high production and rapid industrialization. For instance, according to Hellenic Shipping News data 2021, In the first 10 months of 2021, the global seaborne coal trade increased by +5.1% y-o-y to 984.7 mln tonnes, from 936.7 mln tonnes in the January-October 2020 period. The manufacturing of eco-friendly and advanced ships is supported by the increasing requirement for efficient and cost-effective transport alternatives for the movement of goods. According to Alliance Experts, transport by sea allows shipping large volumes with lesser cost than that through road, rail, and air transport. This scenario is expected to drive the demand for the shipbuilding market.

The COVID-19 pandemic affected shipbuilding and ship repair facilities globally to a great extent. The pandemic has disrupted almost every area of the shipping industry, after a promising 2019. All levels of operations were affected by yard closures, logistical challenges, and survey delays, while scrubber retrofitting also declined sharply. For instance, in March 2020, the Italian shipyard Fincantieri has initially suspended manufacturing in its shipyards for two weeks due to the coronavirus crisis, which was then extended for more than a month that has impacted the business. Therefore, the impact of COVID-19 is expected to hinder the growth of the ship repairing market.

Major companies in the ship repair sector are concentrating on the development of advanced technology services for ship repair. For example, in February 2020, Maindeck, a modern SaaS for the ship maintenance and repair industry, with a particular emphasis on dry-docking projects, launched a mobile inspection app from which they can delegate access to specific sections of the project. The app operates offline and immediately uploads when internet access is detected.

In February 2020, Titan Acquisition Holdings, a bicoastal leader in ship repair and modernization and complex fabrication services for the defense industry, acquired Huntington Ingalls Industries for an undisclosed amount. This acquisition creates opportunities to better serve key defense customers, economies of scale, expanded scope, and performance optimization. Huntington Ingalls Industries, a US-based company, engages in the designing, building, overhauling, and repairing of military ships.

Major players in the ship repairing market are Hyundai Mipo Dockyard Co Ltd, China Shipbuilding Industry Corporation (CSIC), Damen Shipyards Group, Sembcorp Marine Ltd, Oman Drydock Company, Cochin Shipyard Limited, United Shipbuilding Corporation, Arab Shipbuilding and Repair Yard, Fincantieri S.p.A, Keppel Offshore and Marine.

Asia Pacific was the largest region in the global ship repairing market in 2021. Western Europe was the second largest market in the global ship repairing market. The regions covered in the global ship repairing market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries in the ship repairing market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA.

The global ship repairing market is segmented -

1) By Vessel Type: Oil and Chemical Tankers, Bulk Carriers, General Cargo, Container Ships, Gas Carriers, Offshore Vessels, Passenger Ships and Ferries, Mega Yachts and Others

2) By Application: General Services, Dockage, Hull Part, Engine Parts, Electric Works, Auxiliary Services

3) By End-User: Transport Companies, Military, Others

    Table Of Contents

    1. Executive Summary

    2. Ship Repairing Market Characteristics

    3. Ship Repairing Market Trends And Strategies

    4. Impact Of COVID-19 On Ship Repairing

    5. Ship Repairing Market Size And Growth

    5.1. Global Ship Repairing Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Ship Repairing Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Ship Repairing Market Segmentation

    6.1. Global Ship Repairing Market, Segmentation  By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Oil and Chemical Tankers

    Bulk Carriers

    General Cargo

    Container Ships

    Gas Carriers

    Offshore Vessels

    Passenger Ships and Ferries

    Mega Yachts and Other Vessels

    6.2. Global Ship Repairing Market, Segmentation  By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    General Services

    Dockage

    Hull Part

    Engine Parts

    Electric Works

    Auxiliary Services

    6.3. Global Ship Repairing Market, Segmentation  By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Transport Companies

    Military

    Other End Users

    7. Ship Repairing Market Regional And Country Analysis

    7.1. Global Ship Repairing Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Ship Repairing Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Ship Repairing Market  

    8.1. Asia-Pacific Ship Repairing Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Ship Repairing Market  

    9.1. China Ship Repairing Market Overview  

    9.2. China Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Ship Repairing Market  

    10.1. India Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Ship Repairing Market  

    11.1. Japan Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Ship Repairing Market  

    12.1. Australia Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Ship Repairing Market  

    13.1. Indonesia Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Ship Repairing Market  

    14.1. South Korea Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Ship Repairing Market  

    15.1. Western Europe Ship Repairing Market Overview

    15.2. Western Europe Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Ship Repairing Market  

    16.1. UK Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Ship Repairing Market  

    17.1. Germany Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Ship Repairing Market  

    18.3. France Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Ship Repairing Market  

    19.1. Eastern Europe Ship Repairing Market Overview

    19.2. Eastern Europe Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Ship Repairing Market  

    20.1. Russia Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Ship Repairing Market  

    21.1. North America Ship Repairing Market Overview

    21.2. North America Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Ship Repairing Market  

    22.1. USA Ship Repairing Market Overview

    22.2. USA Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Ship Repairing Market  

    23.1. South America Ship Repairing Market Overview

    23.2. South America Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Ship Repairing Market  

    24.1. Brazil Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Ship Repairing Market  

    25.1. Middle East Ship Repairing Market Overview

    25.2. Middle East Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Ship Repairing Market  

    26.1. Africa Ship Repairing Market Overview

    26.2. Africa Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Ship Repairing Market Competitive Landscape And Company Profiles

    27.1. Ship Repairing Market Competitive Landscape

    27.2. Ship Repairing Market Company Profiles

    27.2.1. Hyundai Mipo Dockyard Co., Ltd

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. China Shipbuilding Industry Corporation (CSIC)

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Damen Shipyards Group

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Sembcorp Marine Ltd.

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Oman Drydock Company

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Ship Repairing Market

    29. Ship Repairing Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Ship Repairing Market, Segmentation  By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Ship Repairing Market, Segmentation  By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Ship Repairing Market, Segmentation  By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Ship Repairing Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Ship Repairing Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: China, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: India, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: Japan, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: Australia, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: Indonesia, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: South Korea, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Western Europe, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: UK, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Germany, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: France, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Eastern Europe, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Russia, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: North America, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: USA, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: South America, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Brazil, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: Middle East, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Africa, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Hyundai Mipo Dockyard Co., Ltd Financial Performance
  • Table 28: China Shipbuilding Industry Corporation (CSIC) Financial Performance
  • Table 29: Damen Shipyards Group Financial Performance
  • Table 30: Sembcorp Marine Ltd. Financial Performance
  • Table 31: Oman Drydock Company Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Figure 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Figure 3: Global Ship Repairing Market, Segmentation  By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 4: Global Ship Repairing Market, Segmentation  By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 5: Global Ship Repairing Market, Segmentation  By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 6: Global Ship Repairing Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 7: Global Ship Repairing Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 8: Asia-Pacific, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 9: China, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 10: India, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 11: Japan, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 12: Australia, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 13: Indonesia, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 14: South Korea, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 15: Western Europe, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 16: UK, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 17: Germany, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 18: France, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 19: Eastern Europe, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 20: Russia, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 21: North America, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 22: USA, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 23: South America, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 24: Brazil, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 25: Middle East, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 26: Africa, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 27: Hyundai Mipo Dockyard Co., Ltd Financial Performance
  • Figure 28: China Shipbuilding Industry Corporation (CSIC) Financial Performance
  • Figure 29: Damen Shipyards Group Financial Performance
  • Figure 30: Sembcorp Marine Ltd. Financial Performance
  • Figure 31: Oman Drydock Company Financial Performance
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