Top 50 Companies in Shipbuilding Market Worldwide in 2025: Market Research Report (2024–2035)
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Shipbuilding Market Size is projected to grow from USD 149.12 Billion in 2024 to USD 231.10 Billion by 2035, at a CAGR of 4.06% during the forecast period 2025–2035. The market is driven by increased international seaborne trade, advancements in fuel efficiency, and the adoption of 3D printing technology. However, challenges such as resource management and high operational costs persist.
Introduction
Shipbuilding is the design, construction, and repair of ships and other marine vessels used for commercial, military, and recreational purposes. It plays a crucial role in global trade, defense, and transportation. Benefits include job creation, technological advancement, and economic growth, especially in coastal regions. The industry presents opportunities in green shipbuilding, incorporating eco-friendly technologies like LNG propulsion and energy-efficient designs to reduce environmental impact. Governments worldwide support shipbuilding through initiatives such as subsidies, tax incentives, and investment in research and development to enhance competitiveness. Additionally, policies promoting sustainable maritime practices and modernization of shipyards further boost the industry, ensuring its growth and alignment with global environmental and economic goals.
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Shipbuilding Market Size & Statistics
- The Market Size for Shipbuilding Was Estimated to be worth USD 149.12 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 4.06% between 2025 and 2035.
- The Global Shipbuilding Market Size is anticipated to reach USD 231.10 Billion by 2035.
- Asia Pacific is expected to generate the highest demand during the forecast period in the Shipbuilding Market
- North America is expected to grow the fastest during the forecast period in the Shipbuilding Market.
Regional growth and demand
North America is expected to grow the fastest during the forecast period in the shipbuilding market. The worldwide shipbuilding market over the course of the forecast. The US shipbuilding industry has been losing ground as a result of several causes, including a decline in federal cargo, intense overseas competition supported by government subsidies, and commercial ship orders. The domestic shipbuilding sector, which includes approximately 120 shipyards in the United States, currently has the government as its primary client.
Asia Pacific is expected to generate the highest demand during the forecast period in the shipbuilding market. The top three countries in the Asia Pacific shipbuilding industry are China, South Korea, and Japan. They have developed into significant shipbuilding hubs thanks to their infrastructure, cost advantages, and technological know-how. The region has a significant demand for offshore support boats, commercial ships, and naval ships.
Top 10 trends in the Shipbuilding Market
- Digitalization & Industry 4.0
- Green and Sustainable Shipbuilding
- Automation & Robotics
- Lightweight & Advanced Materials
- Modular Construction
- Energy Efficiency Improvements
- Expansion of Offshore Vessel Construction
- Safety & Regulatory Compliance
- Rising Demand for Specialized Ships
- Global Shipbuilding Industry Consolidation
1. Digitalization & Industry 4.0
Digitalization and Industry 4.0 are transforming the shipbuilding market by integrating advanced technologies such as IoT, AI, digital twins, and big data analytics. These innovations enable real-time monitoring, predictive maintenance, and smarter design processes, reducing errors and boosting efficiency. Smart shipyards utilize automated systems and robotics to streamline construction and lower costs. This digital shift enhances productivity, safety, and sustainability, positioning shipbuilders to meet modern demands while staying competitive in a fast-evolving global maritime industry.
2. Green and Sustainable Shipbuilding
Green and sustainable shipbuilding is reshaping the global shipbuilding market by focusing on eco-friendly technologies and reducing environmental impact. Innovations such as LNG and hydrogen fuel systems, energy-efficient hull designs, and hybrid propulsion systems are gaining traction. Driven by stricter emissions regulations and climate goals, shipbuilders are investing in low-carbon materials and sustainable construction practices. This trend not only meets regulatory compliance but also appeals to environmentally conscious clients, creating long-term opportunities for growth in a greener maritime future.
3. Automation & Robotics
Automation and robotics are revolutionizing the shipbuilding market by enhancing productivity, precision, and safety in construction processes. Automated welding, cutting, and assembly systems reduce labor costs, minimize errors, and accelerate production timelines. Robotics also improve workplace safety by handling hazardous tasks and operating in challenging environments. As global demand for efficient and high-quality ships grows, shipyards are increasingly adopting smart automation technologies. This shift supports lean manufacturing, reduces waste, and strengthens competitiveness in a rapidly modernizing maritime industry.
4. Lightweight & Advanced Materials
The use of lightweight and advanced materials is transforming the shipbuilding market by improving fuel efficiency, reducing emissions, and enhancing vessel performance. Materials like high-strength steel, aluminum alloys, and composites allow for lighter ship structures without compromising durability or safety. These innovations support the development of faster, more energy-efficient ships, aligning with environmental regulations and cost-saving goals. As demand grows for sustainable and high-performance vessels, advanced materials are becoming essential to modern ship design and construction across commercial and naval sectors.
5. Modular Construction
Modular construction is reshaping the shipbuilding market by enabling faster, more efficient, and cost-effective vessel production. This approach involves building ship sections or modules separately, then assembling them at the shipyard, reducing construction time and labor requirements. It enhances precision, improves quality control, and allows parallel workflows, accelerating delivery schedules. Widely adopted in military and commercial shipbuilding, modular construction supports large-scale and complex projects, meeting growing global demand while improving productivity, scalability, and adaptability in modern shipyard operations.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the shipbuilding market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 12 Companies Leading the Shipbuilding Market
- Hyundai Heavy Industries (HHI)
- Daewoo Shipbuilding & Marine Engineering (DSME)
- Samsung Heavy Industries
- China State Shipbuilding Corporation (CSSC)
- China Shipbuilding Industry Corporation (CSIC)
- Imabari Shipbuilding Co., Ltd.
- Fincantieri S.p.A.
- Mitsubishi Heavy Industries (MHI)
- Oshima Shipbuilding Co., Ltd.
- General Dynamics NASSCO
- Austal Limited
- Bharati Shipyard / Cochin Shipyard Limited (CSL)
- Others
1. Hyundai Heavy Industries (HHI)
Headquarters: Jeonha-dong,South Korea
Hyundai Heavy Industries (HHI), based in South Korea, is the world’s largest shipbuilding company and a major force in the global shipbuilding market. HHI specializes in constructing a wide range of vessels, including LNG carriers, container ships, oil tankers, and naval vessels. With cutting-edge shipyard infrastructure and automation, HHI leads in efficiency and scale. Its focus on smart shipbuilding, green technologies, and digital integration aligns with global trends, positioning HHI as a key player in driving innovation and sustainability in maritime construction.
2. Daewoo Shipbuilding & Marine Engineering (DSME)
Headquarters: Gyeongsangnam-do, South Korea
Daewoo Shipbuilding & Marine Engineering (DSME), now operating as Hanwha Ocean, is a major South Korean shipbuilder known for constructing advanced vessels like LNG carriers, oil tankers, and naval ships. Founded in 1973, it played a key role in South Korea’s rise as a global shipbuilding leader. The global shipbuilding market remains highly competitive, dominated by South Korea, China, and Japan. Demand is driven by global trade, energy transport, and eco-friendly vessels, with green technologies reshaping the industry's future.
3. Samsung Heavy Industries
Headquarters: Gyeongsangnam-do, South Korea
Samsung Heavy Industries (SHI) is one of the world’s largest shipbuilders, based in Geoje, South Korea. It specializes in constructing offshore platforms, LNG carriers, container ships, and advanced vessels. SHI is a key player in the global shipbuilding market, which is dominated by South Korea, China, and Japan. The market is influenced by fluctuating global trade, energy demands, and stricter environmental regulations. Increasing focus on eco-friendly ships and technological innovation drives competition and growth in this dynamic industry.
4. China State Shipbuilding Corporation (CSSC)
Headquarters: Beijing, China
China State Shipbuilding Corporation (CSSC) is a leading global shipbuilder headquartered in Beijing, China. It specializes in building a wide range of vessels, including container ships, bulk carriers, LNG carriers, and naval ships. CSSC plays a crucial role in China’s ambition to dominate the global shipbuilding market, which is highly competitive and primarily led by China, South Korea, and Japan. The market is driven by global trade growth, energy transportation needs, and increasing demand for greener, more efficient ships amid tightening environmental regulations.
5. China Shipbuilding Industry Corporation (CSIC)
Headquarters: Beijing,China
China Shipbuilding Industry Corporation (CSIC) was one of China’s two major state-owned shipbuilding companies before merging with CSSC in 2019. CSIC specialized in building naval vessels, offshore platforms, and commercial ships. The Chinese shipbuilding market, now dominated by the merged CSSC, is a global leader alongside South Korea and Japan. Driven by expanding global trade, energy demands, and stricter environmental standards, the market focuses increasingly on eco-friendly technologies, digitalization, and innovation to maintain competitiveness and meet evolving maritime needs.
Are you ready to discover more about the Shipbuilding market?
The report provides an in-depth analysis of the leading companies operating in the global Shipbuilding market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Hyundai Heavy Industries (HHI)
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Daewoo Shipbuilding & Marine Engineering (DSME)
- Samsung Heavy Industries
- China State Shipbuilding Corporation (CSSC)
- China Shipbuilding Industry Corporation (CSIC)
- Imabari Shipbuilding Co., Ltd.
- Fincantieri S.p.A.
- Mitsubishi Heavy Industries (MHI)
- Oshima Shipbuilding Co., Ltd.
- General Dynamics NASSCO
- Austal Limited
- Bharati Shipyard / Cochin Shipyard Limited (CSL)
Conclusion
The global shipbuilding industry is vital for trade, defense, and economic growth, with Asia Pacific led by China, South Korea, and Japan dominating demand due to strong infrastructure and technology. North America, particularly the U.S., is expected to grow fastest despite challenges like foreign competition and declining federal orders. Green shipbuilding and sustainable practices are shaping the industry’s future, supported by government incentives worldwide. Continued modernization and innovation will ensure the sector’s competitiveness and alignment with environmental and economic goals.
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