Government Initiatives and Naval Expansion that Propels Shipbuilding Market Expansion.

The shipbuilding market was valued at $148.0 billion in 2024 and is projected to grow at a CAGR of 3.5% over the forecast period (2025–2035). India, China, and South Korea are boosting their naval defense and commercial shipbuilding efforts to improve maritime security and boost domestic manufacturing, thereby driving market growth. For instance, in January 2025, according to the Indian Gov. the planned $3.48 billion new Mega Shipbuilding Facility at Gujarat's Kandla Port plans to build technical capability for constructing large Very Large Crude Carrier (VLCC) ships with a capacity of up to 3,20,000 tons DWT. The facility will construct 32 new ships and repair 50 old ships every year, spread over more than 8,000 acres and featuring a marina, fishing harbor, townships, and marine industrial cluster. 

Browse the full report description of “Shipbuilding Market Size, Share & Trends Analysis Report by Type (Bulk Carriers, Oil Tankers, Container Ships, Passenger Ships, and Other Types), and by End-User (Transport, Military) Forecast Period (2025-2035)” at https://www.omrglobal.com/industry-reports/shipbuilding-market

• In February 2025, Royal HaskoningDHV received $9.34 million in contracts from Mazagon Dock Shipbuilders Limited (MDL) for designing a major project for India's largest shipbuilding dry dock, which involves combining MDL's current shipyard with two new facilities.

• In February 2025, the Union Budget unveiled plans to drive India's shipbuilding sector, including the creation of new shipbuilding clusters. The strategy involves direct capital assistance for infrastructure like breakwaters and dredging, and a 10-year rent-free period for land or nominal rent charges. Further, $707.6 million has been earmarked to assist existing shipyards in upgrading, modernizing, and automating with a view to enhancing their efficiency and production. 

Market Coverage

• The market number available for – 2024-2035

• Base year- 2024

• Forecast period- 2025-2035

• Segment Covered- 

o By Type

o By End-User

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape - Fincantieri S.p.A., Hanwha Group, HD Hyundai, Mitsubishi Heavy Industries, Ltd., China State Shipbuilding Corporation, China Shipbuilding Industry Corporation, Austal USA, Samsung Heavy Industries, and Ulstein Group ASA, among others. 

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Shipbuilding Market Report Segment

By Type

• Bulk Carriers
• Oil Tankers
• Container Ships
• Passenger Ships
• Other Types

By End-User

• Transport 
• Military

Global Shipbuilding Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Russia

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Australia and New Zealand

• ASEAN Economies

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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