Robotics is being used in the shipbuilding
industry to lift heavy metal parts and provide automated services such as
welding, blasting, painting, and other related tasks in shipyards. Usage of
robotics also leads to increased efficiency and reduced accidents. In South
Korea’s Geoje shipyard which launched 30 ships a year, 68% of its production
processes were carried out by robotic systems.
THE BUSINESS RESEARCH COMPANY VALUED THE GLOBAL SHIP
BUILDING AND REPAIRING MARKET AT $250+ BILLION IN 2021
Asia
Pacific was the largest region in the ship and boat building and repairing
market in 2017, accounting for more than half of the market share. This was
mainly due to technologically advanced infrastructure in this region to
facilitate exports and imports, low-cost communications and access to potential
new customers and many shipbuilding companies in countries such as China, South Korea
and India.
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The chart below shows the year-on-year growth of the
global ship
building and repairing market during 2017 – 2021.
According to The Business Research Company’s Consultant, Nitin
Gianchandani, Shipbuilding process was sequential
with outfitting of components only after the ship hull was launched, whereas,
advanced outfitting is the fitting of machinery, seating structures, piping,
electrical and hull outfit items before the hull structure is fabricated and
erected on the birth or dock. This leads to reduced overhead work, better
utilization of man-hours and improved productivity. Advanced outfitting is of
two types: block outfitting and zone outfitting. Major players in this industry
are DSME, HHI, Samsung Heavy Industries and Mitsubishi Heavy Industries.
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Hyundai Heavy Industries was the largest player in the ship and boat building and repairing market
in 2017, with revenues of $11 billion in 2016. Hyundai Heavy’s growth
strategy aims at concentrating on its core business and lower the
debt-to-equity ratio. In 2016, the company separated its non-shipbuilding
divisions into independent companies. It separated its Green Energy Division,
Integrated AS unit, Hyundai Electric & Energy Systems, Hyundai Construction
Equipment, and Hyundai Robotic divisions and decreased the debt-to-equity ratio
to below 100% by transferring the existing debt of HHI to separate companies on
a pro rata basis.
The ship building
and repairing market is segmented into Military Ship Building And Repairing;
Commercial Ship Building Repairing.
Military Ship Building And Repairing establishments
operate a defence shipyard. They build barges, war ships and submarines that
used for military purposes. They also provide ship dismantling, repairing and
scaling services. This segment includes Naval Vessels Manufacturing, Warships
Manufacturing, Military Ships Establishments.
- Naval Vessels
Manufacturing establishments manufacture war ships, airline carriers and
submarines that used for naval operations.
- Warships
Manufacturing establishments manufacture war ships and related equipment that
used during a war operation.
- Military Ships
Establishments operating in a defence shipyard that provide ship dismantling,
repairing and scaling services are part of this industry.
Ship Building And Repairing establishments
operate a shipyard. They build barges, cargo ships, submarines, passenger ships
and cruise liners, container ships and large fishing boats for commercial
purposes. They also provide ship dismantling, repairing and scaling services.
Ship Building
And Repairing Global Market Report 2018 is a detailed
report giving a unique insight into this market. The report is priced at $4000
for an individual user. To use across your office, the price is $6000 and $8000
if you wish to use across a multinational company.
About The Business Research
Company:
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call +447443439350 or +918897263534 or +919160996838 for more information on
this and many other titles.
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intelligence company, which excels in company, market and consumer research.
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of varied business research experience. They have delivered hundreds of
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