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Jul 17, 2020 (Market Insight Reports) — Selbyville, Delaware this Global Shipbuilding report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.
The growth in economies, increasing seaborne trade, surging consumption of energy, and burgeoning demand for eco-friendly shipping services and ships are some of the factors which are likely to drive the growth of global shipbuilding market.
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Global shipbuilding market is projected to witness a steady growth over the anticipated timeline. The market growth is majorly driven by utilization of technologies such as automation and artificial intelligence (AI) in this domain across the globe. In addition, adoption of robotic technologies is projected to favor global shipbuilding market expansion in the upcoming years, cites the report.
Global shipbuilding market is bifurcated based on value, ship type, application spectrum, and region.
Based on the application spectrum, global shipbuilding market is divided into leisure & luxury, transportation, defense, and others. The report states that transportation segment holds a significant share in global shipbuilding market. Factors such as increase in non-state actor led conflicts, expansion of territories, and global tensions are positively impacting the market growth. In addition, associated transmutation of the population also fuels industry expansion, favoring of naval deployments, which in turn propels the market size from defense sector.
From the regional point of view, global shipbuilding market is fragmented into Middle East & Africa, Asia Pacific, Europe, and Americas. In terms of CGT, the production of shipbuilding is mainly concentrated in East Asian countries namely Japan, Korea, and China which accounts to the market growth in Asia Pacific. Factors such as rise in maritime tourism, surging seaborne trade, rising compliance regarding maritime safety norms are likely to have a propitious impact on shipbuilding market in Americas.
Major players in global shipbuilding market are United Shipbuilding Corp., STX Offshore & Shipbuilding Co. Ltd, Sumitomo Heavy Industries, Ltd., Fincantieri, Mitsubishi Heavy Industries, China State Shipbuilding Corp Ltd., China Shipbuilding Industry Corp., Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co., Ltd, and Hyundai Heavy Industries Co. Ltd among others.
Question and Answer: Global Shipbuilding Market
Q1) What factors are driving the growth of global shipbuilding market?
Answer: The demand of eco-friendly ships and shipping services, rising energy consumption, increasing seaborne trade, and economic growth are the factors driving shipbuilding market size.
Q2) How East Asian countries are contributing towards the growth of global shipbuilding industry?
Answer: The rise in maritime tourism, increasing seaborne trade, rising compliance regarding maritime safety norms accounts for the growth of shipbuilding market in the East Asian countries.
Q3) Which are the leading organizations in global shipbuilding market?
Answer: Major players in global shipbuilding market are United Shipbuilding Corp., STX Offshore & Shipbuilding Co. Ltd, Sumitomo Heavy Industries, Ltd., Fincantieri, Mitsubishi Heavy Industries, China State Shipbuilding Corp Ltd., China Shipbuilding Industry Corp., Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co., Ltd, and Hyundai Heavy Industries Co. Ltd among others.
Complete Report At: https://www.marketstudyreport.com/reports/global-shipbuilding-market-analysis-by-ship-type-tankers-containers-leisure-and-luxury-others-application-type-by-region-by-country-2020-edition-market-insight-competition-and-forecast-2019-2024?utm_source=Marketwatch.com&utm_medium=AN
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