Global Shipbuilding Market Report: 2017 Edition - Koncept Analytics

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Industry Research by Koncept Analytics
Global Shipbuilding Market Report 2017 Edition
May 2017
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Executive Summary
The shipbuilding industry is responsible for the
design and construction of oceangoing vessels all
around the world. The shipbuilding industry is
involved in the construction and modification of
ships and these operations are carried out in
specialized facilities called shipyards.
Shipbuilding process starts with inquiries from
customers, followed by completion of various
processes until the vessel is completed. It takes
at least 2 years to complete the manufacturing of
a ship. The shipbuilding industry is marked by
its global presence, with ships being built in
industrialized regions such as Japan, Europe,
South Korea and China. The geographical
distribution of new ship construction has shown
strong changes starting from the original
dominance of Europe to an increased role for
Asian countries such as South Korea, Japan and
China. At the demand side, purchases are still
dominated by European buyers in many
segments. The major factors that contribute in
the growth of the industry include global
seaborne trade, growing urbanization,
accelerating economic development, rise in crude
steel production and growing demand of
eco-friendly ships. The key trends observed
within the industry include introduction of
shipbuilding robotics, ship launching air bags,
rising demand of LNG fueled engines and green
shipbuilding technology. However, the industry is
also witnessing many hindrances including risk of
cyber breaches, write-downs on existing backlogs
and environmental regulations. The report Global
Shipbuilding Market provides in-depth analysis
of the shipbuilding market on a global scale with
detailed information regarding the key regional
markets which includes South Korea, China and
Japan. The major trends, growth drivers as well
as issues being faced by the industry are being
presented in this report. The four major players
in the industry, Hyundai Heavy Industries,
Mitsubishi Heavy Industries, Daewoo Shipbuilding
and Marine Engineering and Samsung Heavy
Industries are being profiled.
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Demand of shipbuilding segments decreased owing
to existing oversupply of vessels
Global Shipbuilding New Orders (2009-1H2016)

• In 1H of 2016, the shipbuilding new orders were
  million GT. Demand for tankers, containerships
  and bulkers has plunged due to the existing
  oversupply of vessels at sea.
• As of 1H2016, the global shipbuilding order
  completions was recorded at million GT compared
  to million GT in the previous year.
• As of 1H2016, it was recorded at million GT, as
  compared to million GT in the previous year.

Global Shipbuilding Completions (2009-1H2016)
Global Shipbuilding Orderbook (2009-1H2016)
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The demand of commercial vessel remained
depressed during the aforementioned period..
Global Commercial Vessel Orders by Volume
(2007-2016)

• The global vessel order of million CGT in 2016
  is smaller than the sustainable order amount down
  the road.
• As of 2016, China accounted for the largest share
  of , followed by Japan and Korea with share of
  and respectively.
• As of 2016, the global shipbuilding deliveries
  totaled million GT, down by from million
  GT in 2015. Shipbuilding deliveries was at its
  peak in the year 2011 with volume of million GT.

Global Commercial Vessel Orders Share by Region
(2016)
Global Commercial Vessel Deliveries (2008-2016)
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