Global Ship & Boat Building
Over the five years to 2017, the Global Ship and Boat Building industry experienced stormy waters. The economic downturn and subsequent overcapacity in the shipping industry led to a collapse in new orders. Consequently, industry backlogs were eventually depleted and production plunged. Therefore, over the five years to 2017, industry revenue is expected to fall. Moving forward, the recent fall in orders for dry bulk cargo ships and offshore vessels will continue to negatively impact the industry. Moreover, the shipping industry overall will continue to suffer from overcapacity, tempering demand for most types of cargo ships. However, demand is anticipated to eventually stabilize as the need for more fuel-efficient ships, new regulations and economic growth increase vessel orders. Therefore, over the five years to 2022, industry revenue is forecast to increase.
Companies in this industry operate shipyards or boatyards. Shipyards are fixed facilities with dry docks and fabrication equipment capable of building ships, including barges, cargo ships, container ships, ferryboats, fishing boats, passenger ships, patrol boats and sailing ships. While ships are intended primarily for commercial use, boats are defined as watercraft typically suitable or intended for personal use and include cabin cruisers, dinghies, motorboats and rowboats.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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