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Ship Repairing Global Market Report 2023 – By Vessel Type (Oil and Chemical Tankers, Bulk Carriers, General Cargo, Container Ships, Gas Carriers, Offshore Vessels, Passenger Ships and Ferries, Mega Yachts and Other Vessels), By Application (General Services, Dockage, Hull Part, Engine Parts, Electric Works, Auxiliary Services), By End User (Transport Companies, Military, Other End Users) – Market Size, Trends, And Global Forecast 2023-2032

Starting Price : $4000.00 | Pages : 175 | Published : January 2023 | SKU CODE : r1243 | Delivery Time: 2-3 business days | Format :


Ship repairing is the service provided after the sale of the ships because it involves giving the ship regular maintenance.

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; ferries; mega yachts; and other vessels. Oil and chemical tankers refer to the tankers that provide oil on ships and are transported. The various applications include general services, dockage, hull parts, engine parts, electric works, auxiliary services. The various end-users are transport companies, the military, and other end-users.

The ship repairing market research report is one of a series of new reports from The Business Research Company that provides ship repairing market statistics, including global ship repairing industry size, regional shares, competitors with a ship repairing market share, detailed ship repairing market segments, market trends and opportunities, and any further data you may need to thrive in the ship repairing industry. This ship-repairing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global ship repairing market sizewill grow from $33.04 billion in 2022 to $36.65 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global ship repairing market size is expected to grow to $54.05 billion in 2027 at a CAGR of 10.2%.

The increasing seaborne trade is predicted to contribute to the growth of the shipbuilding market. The rising population, the 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 at a lower cost than transport by road, rail, and air. This scenario is expected to drive the demand for the shipbuilding market.

The COVID19 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 initially suspended manufacturing in its shipyards for two weeks due to the COVID-19 pandemic crisis, which was then extended for more than a month, which 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 drydocking 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 defence industry, acquired Huntington Ingalls Industries for an undisclosed amount. This acquisition creates opportunities to better serve key defence customers through 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 2022. Western Europe was the second largest market in the global ship repairing market. The regions covered in the global ship repairing market report 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 ship repairing market include revenues earned by entities by repairing of ships, conversion, and alteration. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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 Other Vessels

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

3) By End-User: Transport Companies, Military, Other End Users

    Table Of Contents

    1. Executive Summary

    2. Ship Repairing Market Characteristics

    3. Ship Repairing Market Trends And Strategies

    4. Ship Repairing Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Ship Repairing Market

    4.2 Ukraine-Russia War Impact On Ship Repairing Market

    4.3 Impact Of High Inflation On Ship Repairing Market

    5. Ship Repairing Market Size And Growth

    5.1. Global Ship Repairing Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Ship Repairing Forecast Market, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Ship Repairing Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Ship Repairing Market

    10.1. India Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Ship Repairing Market

    11.1. Japan Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Ship Repairing Market

    12.1. Australia Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Ship Repairing Market

    13.1. Indonesia Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Ship Repairing Market

    14.1. South Korea Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Ship Repairing Market

    16.1. UK Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Ship Repairing Market

    17.1. Germany Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Ship Repairing Market

    18.3. France Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Ship Repairing Market

    20.1. Russia Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Ship Repairing Market

    24.1. Brazil Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Ship Repairing Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Ship Repairing Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Ship Repairing Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Ship Repairing Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: China, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: India, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: Japan, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Australia, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: Indonesia, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: South Korea, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: Western Europe, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: UK, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: Germany, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: France, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: Russia, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: North America, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: USA, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: South America, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: Brazil, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Middle East, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Africa, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Ship Repairing Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Ship Repairing Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Ship Repairing Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Global Ship Repairing Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: China, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: India, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: Japan, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Australia, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: Indonesia, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: South Korea, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: Western Europe, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: UK, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: Germany, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: France, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: Russia, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: North America, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: USA, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: South America, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: Brazil, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Middle East, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Africa, Ship Repairing Market, Segmentation By Vessel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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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