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(Construction.IndustryNews247.Com, September 29, 2017 ) The report titled "Global Shipbuilding Market With Focus on High-Tech Shipbuilding Market: 2016-2020" provides an in-depth analysis of the global shipbuilding market with detailed analysis of market size and growth, market share and economic impact of the industry. The report also provides market size of each of the segments of the market on the basis of the types of ships along with the detailed overview of the high-tech shipbuilding market.
The report provides detailed regional analysis of Asian countries, leading the global market, which are South Korea, Japan and China. Regional analysis includes market size on the basis of new orders, order book, order completions and delivery trend along with the commercial vessel market.
Furthermore, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. The current status of the overall global shipbuilding market has been analyzed, taking into consideration the previous growth patterns, the growth drivers and the current and future trends. The competition in the global shipbuilding market is stiff and dominated by the big players like DSME. Further, key players of the market Hyundai Heavy Industries and Mitsubishi Heavy Industries are also profiled with their financial information and respective business strategies.
For more information about this report: http://www.reportsweb.com/global-shipbuilding-market-with-focus-on-high-tech-shipbuilding-2016-2020
Regional Coverage - South Korea - Japan - China
Company Coverage - Daewoo Shipbuilding and Marine Engineering Company - Hyundai Heavy Industries Co., Ltd. - Mitsubishi Heavy Industries, Ltd.
Company Profiling 1 Daewoo Shipbuilding and Marine Engineering Company 1.1 Business Overview 1.2 Financial Overview 1.3 Business Strategy
2 Hyundai Heavy Industries Co., Ltd. 2.1 Business Overview 2.2 Financial Overview 2.3 Business Strategy
3 Mitsubishi Heavy Industries, Ltd. 3.1 Business Overview 3.2 Financial Overview 3.3 Business Strategy
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Executive Summary
The global shipbuilding market can be analyzed on the basis of new orders, order book and delivery trend of ships. Currently, the market is experiencing tough times but is expected to regain its momentum with Asia leading the global market. South Korea, China, and Japan are the leading countries in the market accounting almost the entire global shipbuilding market. The shipbuilders in a given country typically specialize in certain types of vessels. South Korean companies, tend to focus on containerships and tankers. China produces large numbers of dry bulk containers and Japan builds large numbers of oil tankers.
High-Tech ships are the emerging trend in the market which are the new vessel types and more eco-friendly designs, enhancing performance, while design focuses on meeting the customization requirements of ship owners. The number of high-tech shipbuilders worldwide, represents a very small percentage of the total number of shipbuilders globally. In each shipbuilding nation, only an elite group of companies can claim to produce high-tech ships.
The growth drivers of the global shipbuilding market, especially for high-tech shipbuilding market are: an increase in the use of natural gas as a source of energy, strict environmental regulations, the rise in use of renewable energy, operational & energy efficiency, safety, performance, rise in seaborne trade, lifting of sanctions from the Iran and Arctic resource exploration. Despite the market is governed by various growth drivers, there are certain challenges faced by the market such as: volatile oil prices, further write-downs on existing backlogs, increasing competition in the commercial segment, delay in financial decisions, political & financial instability and financial crises &increased competition.
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Rajat Sahni
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Source: EmailWire.Com
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