Shipbuilding and Ship Parts

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The Shipbuilding and Ship Parts industry is the crucial engine of global trade, responsible for designing, constructing, and maintaining diverse marine vessels from bulk carriers and tankers to sophisticated naval ships and cruise liners. This market is driven fundamentally by the expansion of international seaborne trade, which transports over 80% of global merchandise.

Global shipbuilding market was valued at approximately USD 156.47 billion in 2024. Projections indicate a steady expansion, reaching around USD 203.76 billion by 2033, reflecting a Compound Annual Growth Rate (CAGR) of about 2.93% during the forecast period (2025–2033). This growth is anchored by high-value orders for container ships and LNG carriers, alongside significant military and offshore energy vessel contracts. The Asia-Pacific region maintains the largest market share.

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