Shipbuilding

Shipbuilding is a cyclical and capital-intensive business. Tighter environmental regulations came into effect at the start of 2020 and sparked demand for technologies that curb emissions of sulfur from ship exhaust. At the same time, order cancellations began to rise as the impact of the coronavirus pandemic on the cruise ship sector became apparent, leading many shipbuilders to raise capital from investors. 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.

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

Industry Insights

Transportation: Water in the U.S. 2020

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Industry Definition

Shipbuilding provides information on the manufacture of commercial vessels, including tankers, bulk cargo ships, container ships, cruise ships, and large yachts. Within this sector, 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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