The ship and boat building and repairing industry includes establishments operating shipyards and boatyards. Their products include cargo ships, passenger ships, yachts, oil and gas drilling and production platforms, barges, inflatable plastic boats and rowing boats. The ship and boat building and repairing market in this report is segmented into ship building and repair and boat building and repair.
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The global ship and boat building and repairing market has shown slow growth in the past years with a market valuation of more than $200 billion. The year 2017 recorded highest ever market value in this industry as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the ship and boat building and repairing market to grow at a two times higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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The global ship and boat building and repairing market is expected to grow from $200 billion in 2017 to about $250 billion in 2021 at a compound annual growth rate (CAGR) of 3.2%. The global economy growth, shift to eco-friendly ships, increased exports orders and container shipping are expected to be drivers of the market in the forecast period.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
Companies included in the report are Daewoo Shipbuilding &Marine Engineering Co Ltd, Hyundai Heavy Industries, Mitsubishi Heavy Industries, Samsung Heavy Industries and General Dynamics.
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