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Analysis of Global Shipbuilding Market
Koncept Analytics, March 2009, Pages: 40
Travelling through a ship, in the age of jet speed travel, is very slow, but when it comes to transporting commodities ships take the upper hand. The seaborne trade or maritime industry has always been preferred all over the globe. This is the reason that the maritime industry remains the largest transport sector. Shipping is the base for global trade, as it imports and exports the raw materials and finished goods between countries and continents.
The shipping industry for these reasons is a large industry. This industry involves huge capital, wide workforce and technology. The industry is a balance between all the three. The process of shipbuilding is also lengthy in terms of time taken and there are many other ancillary industries associated with shipbuilding as suppliers.
As most of the global trade is through sea the shipping industry is mainly driven by the global economic growth. GDP growth is the main driving factor for this industry. Over the years the industry has shifted its base from the earlier dominating region Europe to Asia. Even within Asia there has been a tussle to gain the top position where South Korea claimed the top position leaving Japan and China behind, while China has also leaped ahead of Japan to become the second player. Moreover, the positions these countries have gained are not just within the Asian region but are on a global level.
The order books of global shipyards reflect the size of the shipping industry. While currently the shipyards are sitting on huge order books to be delivered through the coming few years, the global meltdown has dented the demand for the same, as the scale of the global trade has not remained what it was just about a year ago.
This report primarily focuses on the shipbuilding industry. The global size of the industry is discussed, with a focus on the main regional markets in this industry. Apart from giving size of the regional markets, product-wise deliveries and market data is also given, with an emphasis on the container market. Various trends in the industry as well as the drivers for this industry are also discussed. The competitive scenario in the industry is highlighted along with individual profiling of key players of this industry.
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