Global Ship & Boat Building
Over the five years to 2018, the Global Ship and Boat Building industry has soldiered through stormy waters. Industry players build ships and boats ranging from large container ships and tankers to yachts and speedboats. However, the vast majority of industry revenue comes from the construction of large ships used for cargo transportation. Despite the global economy recovering over the past five years, demand for new ships has remained lackluster. Overcapacity in global shipping caused rates to plunge, with fewer shipping companies able to afford or even need new ships. Moreover, the recent slowdown in emerging market growth and the fall in commodity prices have further weakened demand for new ships as the majority of ships built are used to transport goods such as coal. Moving forward, the recent fall in orders for dry bulk cargo ships and offshore vessels will have a major influence because it usually takes years for declining orders to be translated into revenue loss.
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.