How Big is the Ship Building Market | Industry Trends & Forecast 2025

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Code: MTA8917

Publication Date: Sep 2025

How Big is the Ship Building Market?

According to 6Wresearch internal database and industry insights, the Global Ship Building Market was valued at USD 156 Billion in 2024 and is expected to reach USD 190 Billion by 2031, growing at a compound annual growth rate of 6.30% during the forecast period (2025-2031).

The market is driven by rising demand for energy-efficient vessels and increasing defense modernization programs, and growing international trade coupled with advancements in shipbuilding technologies.

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Key Growth Drivers of the Ship Building Market

The demand is increasing for energy-efficient and low-emission vessels
The investments are rising in naval defense and modernization programs
The growth in seaborne trade and logistics is expanding demand
Technological advancements in design and propulsion systems
Shift towards adoption of eco-friendly and smart ship solutions

Ship Building Market Trends

Ship Building Market is witnessing strong growth trends with emphasis on advanced ship designs and energy-efficient vessels. Increasing use of automation and digital technologies in shipyards is driving operational efficiency. The market is also shifting towards smart and autonomous ship technologies to enhance safety and reduce human error. Demand for lightweight materials and modular construction methods is gaining momentum. In addition, the focus on building LNG-powered and alternative-fuel ships is steadily rising to meet sustainability targets. Furthermore, strategic collaborations between shipbuilders, technology providers, and research institutions are accelerating innovation and fostering the development of next-generation maritime solutions.

Emerging Developments in the Ship Building Market

Ship Building Market is accelerating with advancements in smart shipbuilding processes and digital twin technology for design optimization. Increasing R&D in alternative fuel propulsion systems such as LNG, hydrogen, and hybrid engines is shaping the industry future. Strategic collaborations between shipbuilders and technology providers are boosting innovation. Expansion of ship repair and maintenance services is also emerging as a key area. Furthermore, growing investments in specialized vessels such as offshore support ships and container mega carriers are fueling market developments. Additionally, rising government initiatives and regulatory support for green shipping and emission reduction standards are further driving growth and modernization in the shipbuilding market.