The Global Ship And Boat Building And Repairing Market To Grow At A higher Rate
The global ship and boat building and repairing market size is expected to reach $250 billion by 2022, significantly growing at a CAGR of around 3% during the forecast period.
(EMAILWIRE.COM, January 18, 2019 ) The Business Research Company’s ship and boat building and repairing global market report, covers the year-on-year growth of the global ship and boat building and repairing market historic and forecast growth. It also includes chapters on the ship and boat building and repairing market trends, geographical analysis, and competitive landscape.
Order the report at: https://www.thebusinessresearchcompany.com/report/ship-and-boat-building-and-repairing-global-market-report
The global ship and boat building and repairing market size is expected to reach $250 billion by 2022, significantly growing at a CAGR of around 3% during the forecast period.
Ship And Boat Building And Repairing Market Trends
The ship and boat building and repairing market consists of sales of ships and boats and ship and boat building and repairing services by entities (organizations, sole traders and partnerships) that operate shipyards. Shipyards are fixed facilities with drydocks and fabrication equipment capable of building a ship, defined as watercraft typically suitable or intended for other than personal or recreational use. The activities of shipyards include the construction of ships, their repair, conversion and alteration, the production of prefabricated ship and barge sections, and specialized services, such as ship scaling.
Shipbuilding companies are increasingly using robotics technology to streamline shipbuilding operations and increase efficiency. Robots make use of 3D camera sensor and system-on-chip (SoC) technologies to automate welding, blasting, heavy lifting, painting, pipe cleaning, inspection and other tasks in a shipyard. For instance, Geoje shipyard in South Korea adopted technologies that automated 68% of its production using robotic systems. In 2013, South Korea’s Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, introduced mini welding robots in its shipyards. Shipyard robots are being extensively used by ship building companies in Europe, South Korea, Brazil, Japan and China.
The global ship and boat building and repairing market is primarily driven by favorable government policies, the global economy growth, shift to eco-friendly ships, increased exports orders and container shipping are expected to drive the market in the forecast period.
Download a sample of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=1956&type=smp
The global ship and boat building and repairing market report covers the following regions under the geographical analysis section: Asia pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increase in overcapacity in shipping, low domestic and global economic growth and trade accompanied by record low oil and gas prices along the east and west coasts hampered, the global ship and boat building and repairing market is expected to increase in potential and scope. TBRC’s report also covers the ship and boat building and repairing drivers and restraints in the market.
The global ship and boat building and repairing market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global ship and boat building and repairing market report are Daewoo Shipbuilding & Marine Engineering Co Ltd, Hyundai Heavy Industries, Mitsubishi Heavy Industries, Samsung Heavy Industries, General Dynamics.
About The Business Research Company:
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
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Order the report at: https://www.thebusinessresearchcompany.com/report/ship-and-boat-building-and-repairing-global-market-report
The global ship and boat building and repairing market size is expected to reach $250 billion by 2022, significantly growing at a CAGR of around 3% during the forecast period.
Ship And Boat Building And Repairing Market Trends
The ship and boat building and repairing market consists of sales of ships and boats and ship and boat building and repairing services by entities (organizations, sole traders and partnerships) that operate shipyards. Shipyards are fixed facilities with drydocks and fabrication equipment capable of building a ship, defined as watercraft typically suitable or intended for other than personal or recreational use. The activities of shipyards include the construction of ships, their repair, conversion and alteration, the production of prefabricated ship and barge sections, and specialized services, such as ship scaling.
Shipbuilding companies are increasingly using robotics technology to streamline shipbuilding operations and increase efficiency. Robots make use of 3D camera sensor and system-on-chip (SoC) technologies to automate welding, blasting, heavy lifting, painting, pipe cleaning, inspection and other tasks in a shipyard. For instance, Geoje shipyard in South Korea adopted technologies that automated 68% of its production using robotic systems. In 2013, South Korea’s Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, introduced mini welding robots in its shipyards. Shipyard robots are being extensively used by ship building companies in Europe, South Korea, Brazil, Japan and China.
The global ship and boat building and repairing market is primarily driven by favorable government policies, the global economy growth, shift to eco-friendly ships, increased exports orders and container shipping are expected to drive the market in the forecast period.
Download a sample of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=1956&type=smp
The global ship and boat building and repairing market report covers the following regions under the geographical analysis section: Asia pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increase in overcapacity in shipping, low domestic and global economic growth and trade accompanied by record low oil and gas prices along the east and west coasts hampered, the global ship and boat building and repairing market is expected to increase in potential and scope. TBRC’s report also covers the ship and boat building and repairing drivers and restraints in the market.
The global ship and boat building and repairing market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global ship and boat building and repairing market report are Daewoo Shipbuilding & Marine Engineering Co Ltd, Hyundai Heavy Industries, Mitsubishi Heavy Industries, Samsung Heavy Industries, General Dynamics.
About The Business Research Company:
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Contact Information:
The Business Research Company
Marketing TBRC
Tel: +91 8897263534
Email us
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The Business Research Company
Marketing TBRC
Tel: +91 8897263534
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results