Europe Shipbuilding Market By Type, By End Use, By Country, Opportunity Analysis and Industry Forecast, 2021-2027

The Europe Shipbuilding Market is expected to witness market growth of 3.0% CAGR during the forecast period (2021-2027).

The shipping industry serves the shippers with comparatively low charges. Additionally, maritime transportation is way more efficient in terms of capacity. Shipping of smaller as well as large-sized cargo is possible with the help of ships. Smaller commodities are grouped along with other commodities whereas big-sized cargo is filled one or more than one container.

Also, ships are developed in order to carry sensitive and hazardous cargo. Thus, the workers in the shipbuilding industry are well-versed in managing such kind of cargo along with maintaining the safety of cargo as well as the vessel. Chances of losses due to unexpected incidents while transportation is lesser now due to increasing safety measures taken by the industry.

The European naval industry is among major providers of appropriate water weapons and thus the region ensures the safety of the region’s coastlines. The European government also invest a lot in naval defense of the region which is expected to arise the demand for shipbuilding sector in upcoming years.  Presently, the European region is witnessing a higher demand for autonomous cruises and ships. The countries like Germany, Italy, Russia, and France in the European region are leading shipbuilding countries and are among the major consumers of marine electronic equipment.

The Germany market dominated the Europe Shipbuilding Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $13.2 billion by 2027. The UK market is expected to witness a CAGR of 2.3% during (2021 - 2027). Additionally, The France market is poised to grow a CAGR of 3.8% during (2021 - 2027).

Based on Type, the market is segmented into Bulk Carriers, Oil Tankers, Container Ships, General Cargo Ships, Passenger Ships and Others. Based on End Use, the market is segmented into Transport and Military. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Huntington Ingalls Industries, Inc., Samsung Heavy Industries Co., Ltd. (Samsung Group), Sumitomo Heavy Industries, Ltd., BAE Systems PLC, Damen Shipyards Group, China State Shipbuilding Corporation, Fincantieri S.p.A (CDP Industria S.p.A.), Korea Shipbuilding & Offshore Engineering Co., Ltd., General Dynamics Corporation, and Mitsubishi Heavy Industries Ltd.

Scope of the Study

Market Segments Covered in the Report:

By Type

• Bulk Carriers
• Oil Tankers
• Container Ships
• General Cargo Ships
• Passenger Ships and
• Others

By End Use

• Transport and
• Military

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

• Huntington Ingalls Industries, Inc.
• Samsung Heavy Industries Co., Ltd. (Samsung Group)
• Sumitomo Heavy Industries, Ltd.
• BAE Systems PLC
• Damen Shipyards Group
• China State Shipbuilding Corporation
• Fincantieri S.p.A (CDP Industria S.p.A.)
• Korea Shipbuilding & Offshore Engineering Co., Ltd.
• General Dynamics Corporation
• Mitsubishi Heavy Industries Ltd.

Unique Offerings from the Publisher

• Exhaustive coverage
• The highest number of market tables and figures
• Subscription-based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free