Shipbuilding in South Korea
Summary
Shipbuilding in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.Key Highlights
- Shipbuilding is the process of designing, constructing, and assembling ships for transportation and trade. It involves a series of stages, including planning, engineering, fabrication, and outfitting, to create a functional and seaworthy vessel. Market volume represents gross tonnage, which is determined by the molded volume of all enclosed spaces within the ship. Molded volume refers to the internal volume of the ship's hull, calculated based on the shape and dimensions of its structure, including all enclosed areas such as cargo holds, machinery spaces, and crew accommodations.
- Market production volume increased with a CAGR of 3.0% between 2020 and 2025, reaching a total of 21.06 million gross tonnage in 2025.
- Bulk Carriers had the highest volume in the South Korean shipbuilding market in 2025, with a total of 6.75 million gross tonnage, equivalent to 32.1% of the market's overall volume.
- In 2025, the South Korean shipbuilding market experienced an annual growth of 4.9%, driven by increased international trade. For instance, in December 2025, the Department for Business and Trade reported that in Q2 2025, Total trade in goods and services (exports plus imports) between the UK and South Korea was $18.9 billion. During that period, the UK exported around $10.1 billion worth of goods and services to South Korea, while imports from South Korea amounted to about $8.8 billion.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the shipbuilding market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the shipbuilding market in South Korea
- Leading company profiles reveal details of key shipbuilding market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea shipbuilding market with five year forecasts
Reasons to Buy
- What was the size of the South Korea shipbuilding market by value in 2025?
- What will be the size of the South Korea shipbuilding market in 2030?
- What factors are affecting the strength of competition in the South Korea shipbuilding market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's shipbuilding market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- HD Hyundai Co Ltd
- Samsung Heavy Industries Co Ltd
- Hanwha Ocean Co Ltd
- Daehan Shipbuilding Co Ltd
