Shipbuilding

Shipbuilding is a cyclical and capital-intensive business. China, South Korea, and Japan are the leading shipbuilding nations. The main products include bulk cargo ships, tankers, container ships, and cruise ships. In terms of gross tonnage, tankers are the largest category. Following the rise of container freight rates in 2021, shipowners have ordered new container vessels. These ships are scheduled for delivery in the following years and will add a substantial capacity to the existing world container fleet. Tighter environmental regulations came into effect at the start of 2020 and sparked demand for technologies that curb emissions from ship exhaust. Shipbreaking is following a similar trend; the international community has been introducing new standards to protect the environment and shipyard workers and reduce the negative effects on the ship recycling industry.

Size of the shipbuilding market worldwide
175 billion U.S. dollars
Leading type of vessels based on deliveries worldwide
Bulk carriers
Leading shipbuilding nation worldwide
China

State of the industry

  • Shipbuilding and maritime activities in Turkey
  • Shipbuilding industry in South Korea
  • Philly Shipyard
  • Shipbuilding industry in Japan

Industry Definition

The shipbuilding section provides information on the manufacture of commercial vessels, including tankers, bulk cargo ships, container ships, cruise ships, and large yachts. Within this section, Statista provides information about the business activities of shipyards and other shipbuilding facilities. Data on a global, regional, and country scale is available. In addition to this, information is available on shipbreaking, Also available is information on the use of scrubbers to mitigate environmental pollution.

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