INDUSTRY REPORT
Image: Unsplash.
INDUSTRY REPORT
FINAL DESTINATION
“
The shipbuilding market encompasses the manufacturing process of designing, constructing and repairing floating vessels for various activities and maintenance purposes. This industry is driven by the growth of international seaborne trade, industrialisation and the need for fuel-efficient vessels. Multi-fuel engines, 3D printing technology and autonomous ships are just some of the technical improvements and upgrades in the shipbuilding industry,” said analyst, Technavio.
However, added the analyst, the shipping industry faces increasing regulatory pressure to minimise its environmental impact. Two primary concerns are greenhouse gas emissions and oil pollution from ships. In response, governments and international organisations are implementing regulations. Economic cycles, geopolitical tensions and global trade routes also influence fleet deployment and production planning.
We analyse trends, growth patterns and drivers in global shipbuilding markets for manufacturers.
The rise of maritime security threats( such as piracy, illegal fishing and territorial disputes) has led to increased government spending on navy modernisation
“ Growth in the shipbuilding market is driven by several key factors including the expansion of global trade, rising demand for energy-efficient and eco-friendly vessels and advances in defence modernisation.”
The maritime industry plays a crucial role in global trade by enabling the movement of goods, people and resources across vast oceans and waterways. Driven by fierce global competition, from countries such as China and South Korea, European governments are proactively supporting the development of shipbuilding and ship repair yards by offering tax incentives, access to finance and other assistance to encourage investment
26 | ismr. net | ISMR June 2025