Commercial Shipbuilding Market Report 2025 (Global Edition)

Global Commercial Shipbuilding Market Report 2025 Market Size Split by Ship Type (Cargo, Vessel, Container, Tanker, Multi-Purpose Ship, Car and Passenger Ferry, Others), by Process (Designing, Product...

Commercial Shipbuilding Market Report Description

We have various report editions of Commercial Shipbuilding Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Commercial Shipbuilding Market Insights Video

Competitive Landscape of the Commercial Shipbuilding Market

In the Commercial Shipbuilding Market's competitive landscape, numerous key competitors are driving innovation and growth. Organizations are employing several tactics, including collaborations, mergers and acquisitions, product/service launches, and geographic growth, in order to bolster their market share. Market rivalry is encouraging technological and design innovations to create Commercial Shipbuilding that fulfill both consumer wants and sustainability goals, keeping the market dynamic and competitive.

In June 2024, China Merchants Energy Shipping ordered multiple newcastlemax bulk ships from New Times Shipbuilding. The Jiangsu-based shipyard has been hired by the Hong Kong-based company to build eight new 210,000-dwt conventional marine fuel buildings, with a delivery date of 2028. (Source: https://www.tradewindsnews.com/bulkers/china-merchants-energy-orders-eight-newcastlemax-bulkers-at-new-times-shipbuilding/2-1-1660770) In February 2022, Orders of KRW 1.8 Trn (US$ 1.5 Bn) were received by Daewoo Shipbuilding & Marine Engineering Co. from Europe. In the near future, Daewoo Shipbuilding is expected to construct six container ships for an unnamed European shipper and two liquefied natural gas carriers for Maran Gas Maritime Inc., the gas shipping division of Greece's largest maritime company, Angelicoussis Shipping Group. (Source: https://en.yna.co.kr/view/AEN20220203005800320) In March 2021, A collaboration between 3D Systems and the Newport News Shipbuilding division of Huntington Ingalls Industries has been announced. The two companies are working together to produce alloys called CuNi and NiCu for use in powder bed fusion additive manufacturing. With the use of these novel materials, Newport News Shipbuilding may be able to produce parts that are currently cast, cutting lead times by as much as 75% and increasing supply chain effectiveness. (Source: https://www.3dsystems.com/press-releases/3d-systems-huntington-ingalls-industries-collaborating-qualify-corrosion-resistant)

Top Companies Market Share in Commercial Shipbuilding Industry: (In no particular order of Rank)

• Mitsubishi Heavy Industries Ltd
• Hyundai Heavy Industries Co. Ltd
• China State Shipbuilding Corporation
• Daewoo Shipbuilding & Marine Engineering Co. Ltd
• Samsung Heavy Industries
• Sumitomo Heavy Industries
• Hanjin Heavy Industries and Construction Co.
• Yangzijiang Shipbuilding Ltd
• United Shipbuilding Corporation
• STX Group
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Commercial Shipbuilding Market

Which Region Dominates the Commercial Shipbuilding Market in 2024?

According to Cognitive Market Research, North America currently dominates the Commercial Shipbuilding market, and the region is expected to have significant growth during the projected period. The United States Navy's high level of federal spending for defense boats along with the rising need for energy and other private vessels are anticipated to propel market expansion.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The increase of international trade is driving the market, because of their advanced infrastructure, cost advantages, and technological.

The current report Scope analyzes Commercial Shipbuilding Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Commercial Shipbuilding

According to Cognitive Market Research, the global Commercial Shipbuilding Market size was estimated at USD XX Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Commercial Shipbuilding Market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period. The U.S. market's Stringent governmental regulations against water pollution.
• The Canada Commercial Shipbuilding Market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. Canada’s rising awareness among the population for international trade.
• The Mexico Commercial Shipbuilding Market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD XX million in 2024.

Europe Commercial Shipbuilding

According to Cognitive Market Research, the global Commercial Shipbuilding Market size was estimated at USD XX Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• The United Kingdom Commercial Shipbuilding Market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. In the UK, Commercial Shipbuilding sales witness an upswing due to the increasing focus on cruise ships.
• The France Commercial Shipbuilding Market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the German Commercial Shipbuilding Market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period. In Germany, Commercial Shipbuilding surged due to the Increased focus of the manufacturers and major market players.
• The Italy Commercial Shipbuilding Market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD XX million in 2024.
• The Russia Commercial Shipbuilding Market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD XX million in 2024.
• The Spain Commercial Shipbuilding Market is projected to witness growth at a CAGR of 1.6% during the forecast period with a market size of USD XX million in 2024
• The Luxembourg Commercial Shipbuilding Market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal Commercial Shipbuilding Market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD XX million in 2024.
• The Greece Commercial Shipbuilding Market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Europe's Commercial Shipbuilding Market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific Commercial Shipbuilding

According to Cognitive Market Research, the global Commercial Shipbuilding Market size was estimated at USD XX Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Commercial Shipbuilding Market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Commercial Shipbuilding surged in China due to Increased focus of the manufacturers and major market players.
• The Japan Commercial Shipbuilding Market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD XX million in 2024.
• The India Commercial Shipbuilding Market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. India's rising awareness among the populations about foreign trade.
• The South Korean Commercial Shipbuilding Market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD XX million in 2024.
• The Australian Commercial Shipbuilding Market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD XX million in 2024.
• The South East Asia Commercial Shipbuilding Market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Commercial Shipbuilding Market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD XX million in 2024.

South America Commercial Shipbuilding

According to Cognitive Market Research, the global Commercial Shipbuilding Market size was estimated at USD XX Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Commercial Shipbuilding Market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Commercial Shipbuilding flourished in Brazil due to increasing demand for commercial vehicles.
• Argentina's Commercial Shipbuilding Market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. Argentina's rising personal disposable income .
• Colombia Commercial Shipbuilding Market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD XX million in 2024.
• Peru Commercial Shipbuilding Market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD XX million in 2024.
• Chile Commercial Shipbuilding Market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Latin America's Shipbuilding Market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD XX million in 2024.

Middle East Commercial Shipbuilding

According to Cognitive Market Research, the global Commercial Shipbuilding Market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031..

• The GCC Countries Commercial Shipbuilding Market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD XX million in 2024. Commercial Shipbuilding sales flourish due to the presence of major market players.
• The Egypt Commercial Shipbuilding Market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD XX million in 2024.
• The South Africa Commercial Shipbuilding Market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD XX million in 2024. Commercial Shipbuilding sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Commercial Shipbuilding Market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD XX million in 2024.
• The Nigeria Commercial Shipbuilding Market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of the MEA Commercial Shipbuilding Market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD XX million in 2024.

Commercial Shipbuilding Market Analysis

Commercial Shipbuilding Market Ship Type Segment Analysis

According to Cognitive Market Research, Cargo are likely to dominate the Commercial Shipbuilding Market over the forecast period, as a result of a rise in global maritime trade. Large or small cargo ships can be used, depending on the kind of cargo, the distance to be traveled, and the size of the goods being transported. Typically, steam turbines and a diesel-electricity mixture power cargo ships. Their average speed is between 15 and 16 knots, or 24 and 26 km/h.

The tanker is the fastest-growing segment in the Commercial Shipbuilding Market. These Commercial Shipbuilding become a trend, and due to the increased need for military and cargo ships worldwide. Tankers can be used to transport a wide range of goods, including gasoline, kerosene, naphtha, refined and crude oil, and LPG. This creates essentially compelling ships for those seeking a premium quality and sustainable alternative to traditional ones.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Commercial Shipbuilding Industry. Request a Free Sample PDF!

Commercial Shipbuilding Market Process Segment Analysis

According to Cognitive Market Research, the production planning segment holds the largest share of the market. Production scheduling is a crucial component that directly affects the price and length of construction. In particular, Production planning demand has been high for shipbuilding, owing to the technology advancements in shipbuilding, such as the upkeep of big data, drones, and autonomous ships.

In the Commercial Shipbuilding Market, the designing has been expanding at a rapid pace. With rising use of 3D printing in shipbuilding to raise design requirements, the shift to more sustainable designing solutions is rapidly growing in demand for Commercial Shipbuilding.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion