The North America Shipbuilding Market would witness market growth of 3.2% CAGR during the forecast period (2021-2027).
The shipbuilding industry is a cyclical industry that involves a large amount of capital investment and directly affects the shipping line. The shipping line is classified into two categories viz. cruise line and freight line. The cruise line is for carrying passengers and the freight line is for cargo transportation. The shipbuilding industry plays an important role in trade as well as national defense in almost all countries.
The construction of ships and the technologies involved in the construction are continuously being modernized. The shipbuilding industry has adopted the latest technologies of 3D printing, virtual reality, and modern robotics to construct better ships with consideration of environmental regulations as well as sustainability. This recent advancement in shipbuilding activities would enhance the shipbuilding market across the North America.
North America has been a major region for ship-based trade. In addition, the region is witnessing higher demand for operational efficiencies while reducing the environmental impact. Moreover, the ruling government of the United State has increased the funding in defence due to the increasing demand for naval vessels and risk of interference of enemies in the coastal regions. Also, the rising demand for energy vessels related to the industries and several other private vessels is likely to increase.
The US market dominated the North America Shipbuilding Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $35.0 billion by 2027. The Canada market is expected to witness a CAGR of 5.5% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 4.6% during (2021 - 2027).
Based on Type, the market is segmented into Bulk Carriers, Oil Tankers, Container Ships, General Cargo Ships, Passenger Ships and Others. Based on End Use, the market is segmented into Transport and Military. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Shipbuilding Market is Estimated to reach $176.1 Billion by 2027, at a CAGR of 3.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Huntington Ingalls Industries, Inc., Samsung Heavy Industries Co., Ltd. (Samsung Group), Sumitomo Heavy Industries, Ltd., BAE Systems PLC, Damen Shipyards Group, China State Shipbuilding Corporation, Fincantieri S.p.A (CDP Industria S.p.A.), Korea Shipbuilding & Offshore Engineering Co., Ltd., General Dynamics Corporation, and Mitsubishi Heavy Industries Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Bulk Carriers
- Oil Tankers
- Container Ships
- General Cargo Ships
- Passenger Ships and
- Others
By End Use
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Huntington Ingalls Industries, Inc.
- Samsung Heavy Industries Co., Ltd. (Samsung Group)
- Sumitomo Heavy Industries, Ltd.
- BAE Systems PLC
- Damen Shipyards Group
- China State Shipbuilding Corporation
- Fincantieri S.p.A (CDP Industria S.p.A.)
- Korea Shipbuilding & Offshore Engineering Co., Ltd.
- General Dynamics Corporation
- Mitsubishi Heavy Industries Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Shipbuilding Market, by Type
1.4.2 North America Shipbuilding Market, by End Use
1.4.3 North America Shipbuilding Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Aug – 2021, Nov) Leading Players
Chapter 4. North America Shipbuilding Market by Type
4.1 North America Bulk Carriers Market by Country
4.2 North America Oil Tankers Market by Country
4.3 North America Container Ships Market by Country
4.4 North America General Cargo Ships Market by Country
4.5 North America Passenger Ships Market by Country
4.6 North America Other Type Market by Country
Chapter 5. North America Shipbuilding Market by End Use
5.1 North America Transport Market by Country
5.2 North America Military Market by Country
Chapter 6. North America Shipbuilding Market by Country
6.1 US Shipbuilding Market
6.1.1 US Shipbuilding Market by Type
6.1.2 US Shipbuilding Market by End Use
6.2 Canada Shipbuilding Market
6.2.1 Canada Shipbuilding Market by Type
6.2.2 Canada Shipbuilding Market by End Use
6.3 Mexico Shipbuilding Market
6.3.1 Mexico Shipbuilding Market by Type
6.3.2 Mexico Shipbuilding Market by End Use
6.4 Rest of North America Shipbuilding Market
6.4.1 Rest of North America Shipbuilding Market by Type
6.4.2 Rest of North America Shipbuilding Market by End Use
Chapter 7. Company Profiles
7.1 Huntington Ingalls Industries, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.2 Samsung Heavy Industries Co., Ltd. (Samsung Group)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.3 Sumitomo Heavy Industries, Ltd.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.4 BAE Systems PLC
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 SWOT Analysis
7.5 Damen Shipyards Group
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Product Launches and Product Expansions:
7.5.2.2 Acquisition and Mergers:
7.6 China State Shipbuilding Corporation
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.7 Fincantieri S.p.A (CDP Industria S.p.A.)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.8 Korea Shipbuilding & Offshore Engineering Co., Ltd.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Recent strategies and developments:
7.8.4.1 Partnerships, Collaborations, and Agreements:
7.9 General Dynamics Corporation
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.9.5 Recent strategies and developments:
7.9.5.1 Partnerships, Collaborations, and Agreements:
7.9.6 SWOT Analysis
7.10. Mitsubishi Heavy Industries Ltd.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Regional & Segmental Analysis
TABLE 1 North America Shipbuilding Market, 2017 - 2020, USD Million
TABLE 2 North America Shipbuilding Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Shipbuilding Market
TABLE 4 Product Launches And Product Expansions– Shipbuilding Market
TABLE 5 Acquisition and Mergers– Shipbuilding Market
TABLE 6 North America Shipbuilding Market by Type, 2017 - 2020, USD Million
TABLE 7 North America Shipbuilding Market by Type, 2021 - 2027, USD Million
TABLE 8 North America Bulk Carriers Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Bulk Carriers Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Oil Tankers Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Oil Tankers Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Container Ships Market by Country, 2017 - 2020, USD Million
TABLE 13 North America Container Ships Market by Country, 2021 - 2027, USD Million
TABLE 14 North America General Cargo Ships Market by Country, 2017 - 2020, USD Million
TABLE 15 North America General Cargo Ships Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Passenger Ships Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Passenger Ships Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Other Type Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Other Type Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Shipbuilding Market by End Use, 2017 - 2020, USD Million
TABLE 21 North America Shipbuilding Market by End Use, 2021 - 2027, USD Million
TABLE 22 North America Transport Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Transport Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Military Market by Country, 2017 - 2020, USD Million
TABLE 25 North America Military Market by Country, 2021 - 2027, USD Million
TABLE 26 North America Shipbuilding Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Shipbuilding Market by Country, 2021 - 2027, USD Million
TABLE 28 US Shipbuilding Market, 2017 - 2020, USD Million
TABLE 29 US Shipbuilding Market, 2021 - 2027, USD Million
TABLE 30 US Shipbuilding Market by Type, 2017 - 2020, USD Million
TABLE 31 US Shipbuilding Market by Type, 2021 - 2027, USD Million
TABLE 32 US Shipbuilding Market by End Use, 2017 - 2020, USD Million
TABLE 33 US Shipbuilding Market by End Use, 2021 - 2027, USD Million
TABLE 34 Canada Shipbuilding Market, 2017 - 2020, USD Million
TABLE 35 Canada Shipbuilding Market, 2021 - 2027, USD Million
TABLE 36 Canada Shipbuilding Market by Type, 2017 - 2020, USD Million
TABLE 37 Canada Shipbuilding Market by Type, 2021 - 2027, USD Million
TABLE 38 Canada Shipbuilding Market by End Use, 2017 - 2020, USD Million
TABLE 39 Canada Shipbuilding Market by End Use, 2021 - 2027, USD Million
TABLE 40 Mexico Shipbuilding Market, 2017 - 2020, USD Million
TABLE 41 Mexico Shipbuilding Market, 2021 - 2027, USD Million
TABLE 42 Mexico Shipbuilding Market by Type, 2017 - 2020, USD Million
TABLE 43 Mexico Shipbuilding Market by Type, 2021 - 2027, USD Million
TABLE 44 Mexico Shipbuilding Market by End Use, 2017 - 2020, USD Million
TABLE 45 Mexico Shipbuilding Market by End Use, 2021 - 2027, USD Million
TABLE 46 Rest of North America Shipbuilding Market, 2017 - 2020, USD Million
TABLE 47 Rest of North America Shipbuilding Market, 2021 - 2027, USD Million
TABLE 48 Rest of North America Shipbuilding Market by Type, 2017 - 2020, USD Million
TABLE 49 Rest of North America Shipbuilding Market by Type, 2021 - 2027, USD Million
TABLE 50 Rest of North America Shipbuilding Market by End Use, 2017 - 2020, USD Million
TABLE 51 Rest of North America Shipbuilding Market by End Use, 2021 - 2027, USD Million
TABLE 52 Key Information – Huntington Ingalls Industries, Inc.
TABLE 53 Key Information – Samsung Heavy Industries Co., Ltd.
TABLE 54 Key Information – Sumitomo Heavy Industries, Ltd.
TABLE 55 Key Information – BAE Systems PLC
TABLE 56 Key Information – Damen Shipyards Group
TABLE 57 Key Information – China State Shipbuilding Corporation
TABLE 58 Key Information – Fincantieri S.p.A.
TABLE 59 Key Information – Korea Shipbuilding & Offshore Engineering Co., Ltd.
TABLE 60 key information – General Dynamics Corporation
TABLE 61 Key Information – Mitsubishi Heavy Industries Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Aug – 2021, Nov) Leading Players
FIG 5 Recent strategies and developments: Huntington Ingalls Industries, Inc.
FIG 6 SWOT Analysis: BAE SYSTEMS PLC
FIG 7 Recent strategies and developments: Damen Shipyards Group
FIG 8 SWOT Analysis: General Dynamics Corporation