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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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.
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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