Shipbuilding Market to Reach USD 199.37 Billion by 2030 | Rising LNG-Fuelled Carrier Demand and Global Trade Volumes Driving Growth - Mordor Intelligence

Introduction 

 The Shipbuilding Market is poised for significant growth, driven by increasing global seaborne trade, stricter carbon-emission regulations, and rising demand for alternative-fuel vessels. Asia-Pacific continues to dominate the market, while regions like the Middle East and Africa are emerging as the fastest-growing hubs. Shipyards are increasingly adopting modular construction and digital-twin technologies to streamline operations, reduce construction cycles, and efficiently meet growing demand. 

Key Trends

• Surge in Demand for LNG-Fuelled Carriers 
• Rising Global Seaborne Trade Volumes 
• Naval Fleet Modernisation Programmes 
• Decarbonisation Mandates Driving Alt-Fuel Orders 
• Global Yard Over-Capacity in the Bulk Segment 
• Volatile Steel and Raw-Material Prices 

Market Segmentation

By Vessel Type 

• Bulk Carriers 
• Oil Tankers 
• Product / Chemical Tankers 
• LNG / LPG Carriers 
• Container Ships 
• General Cargo Ships 
• Passenger & Cruise Ships 
• Offshore Support Vessels 
• Naval & Coast-Guard Vessels 
• Specialized (Ro-Ro, Car Carriers, etc.) 

By Propulsion Technology 

• Conventional (HFO/DO) 
• Dual-Fuel LNG 
• Methanol / Ammonia Ready 
• Hybrid-Electric 
• Nuclear (Naval) 

By End User 

• Commercial Shipping Companies 
• Offshore-Energy Operators 
• Passenger Transport & Cruise Lines 
• Defence & Coast Guards 
• Others (Research, Fisheries) 

By Material 

• Steel 
• Aluminium 
• Composites & Advanced Alloys 

Geography Analysis 

The Asia-Pacific region remains a central hub for shipbuilding, driven by countries like China, South Korea, and Japan. China’s competitive advantages, including efficient supply chains and a strong domestic steel industry, keep its yards highly productive, particularly in bulk carriers. South Korea focuses on high-value vessels such as LNG carriers, while Japan maintains a presence in specialized, quality-driven projects. Meanwhile, the Middle East and Africa are emerging as fast-growing markets, fueled by energy infrastructure projects and regional construction requirements. North America continues to protect domestic shipbuilding through regulatory frameworks and long-term defense programs. European yards face environmental pressures but are innovating in alternative propulsion technologies, and South America sees targeted growth through naval initiatives. Across regions, unique local drivers create a dynamic and diverse landscape in the global shipbuilding industry. 

Key Players 

The shipbuilding market features several leading players, including China State Shipbuilding Corporation, Mitsubishi Heavy Industries Ltd., Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co., Ltd., and Hyundai Heavy Industries Co. Ltd., highlighting the dominance of major Asian and Japanese firms in the industry. These companies play a critical role in driving technological advancements, expanding production capacities, and catering to diverse vessel segments worldwide. 

Industry Related Reports 

Electric Boat And Ship Market : https://www.mordorintelligence.com/industry-reports/electric-boat-and-ship-market?utm_source=Industrytoday.co.uk 

Commercial Vehicles Market : https://www.mordorintelligence.com/industry-reports/commercial-vehicle-market?utm_source=Industrytoday.co.uk 

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