Ship Building And Repairing Market Industry Trends And Emerging Opportunities

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24 May 2021

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The Ship Building and Repairing Global Market Report 2020-30 by The Business Research Company describes and explains the global ship building and repairing market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.

The Ship Building and Repairing Global Market Opportunities And Strategies Report covers ship building and repairing market drivers, ship building and repairing market trends, ship building and repairing market segments, ship building and repairing market growth rate, ship building and repairing market major players, and ship building and repairing market size.

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The ship building and repairing market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.

Ship Building and Repairing Global Market Opportunities And Strategies Report is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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Trends in the market include:
Environmentally Friendly Ship Repairing Technologies-
To reduce environmental threats, key players in the industry are providing environmentally friendly ship repair and maintenance services. One of the emerging trends is the replacement of the traditional approach of shot blasting machines used to strengthen, clean, or polish any metal surface or metal, by ultra-high-pressure water blasting systems. Shot blasting uses abrasive materials to clean the surface of the ships which are hazardous to environment, whereas water blasting doesn’t use any kind of abrasive material, it just uses a stream of water with high pressure to clean the internal and external parts of the ship. Water blasting has many environmental benefits, it has the ability to recapture the water and reuse it thus reducing waste. For instance, Watex Corporating, water jet cleaning technology, has developed water blasting techniques for cleaning ships.

Green Shipbuilding Technologies-
Shipbuilding companies around the world are increasingly using green shipbuilding technologies to comply with environmental rules and regulations. Technologies being used for shipbuilding include ships with no ballast systems that block organisms entering the ship and eliminate the need for sterilization equipment, sulphur scrubber systems, waste heat recovery systems, speed nozzles, exhaust gas recirculation systems, advanced rudder and propeller systems, fuel and solar cell propulsion systems and use of LNG fuels for propulsion and auxiliary engines. Ships built using these technologies have significant energy savings and low carbon emissions. For instance, Peace Boat, a Japanese non-profit NGO has entered into an agreement with Finnish shipbuilding company Arctech Helsinki Shipyard for the construction of Ecoship, the world’s greenest cruise vessel. Dean Shipyards Group is also coordinating a green LeanShips project aimed at creating less polluting vessels. NYK has announced ECO SHOPIS 2030 which will have 69% less CO2 emissions. It is expected to run on fuel cell technology including solar cell and wind sails.

The market is segmented:
By Type Of Service –
a. Ship Building
b. Ship Repairing

By Type Of Vessel -
a. Passenger
b. Offshore
c. Containerships
d. Tankers
e. Refrigerated Vessels
f. Bulkers
g. Others

By End-Use -
a. Goods Transportation
b. Passenger Transportation

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