​Ship Building And Repairing Industry Report 2025-2034 | Smart Manufacturing and Automation Revolutionize Shipyards to Meet Rising Demands in Ship Repairing Market 

The global Ship Building and Repairing Market, projected to grow from USD 233.2 billion in 2025 to USD 414.3 billion by 2034 at a CAGR of 6.6%, is pivotal to maritime operations. Key drivers include eco-friendly ship demand, defense spending, and technological advancements. Geopolitical dynamics and regulatory pressures are shaping future growth and innovation in green and automated solutions. Ship Building And Repairing Market Ship Building And Repairing Market Dublin, July 11, 2025 (GLOBE NEWS

  The global market for ship building and repair is projected to expand from USD 233.2 billion in 2025 to USD 414.3 billion by 2034, growing at a compound annual growth rate (CAGR) of 6.6%. This market is crucial to maritime operations worldwide. The primary factors driving this growth include the increasing demand for eco-friendly ships, rising defense expenditure, and advancements in technology. The market’s future growth and innovation are being shaped by geopolitical dynamics and regulatory pressures, particularly towards green and automated solutions.

The “Ship Building And Repairing Market Outlook 2025-2034: Market Share, and Growth Analysis By Type, By Type Of Vessel, By End-User” report has been added to ResearchAndMarkets.com’s offering. The report values the ship building and repairing market at USD 233.2 billion in 2025, with an expected CAGR of 6.6% to reach global sales of USD 414.3 billion in 2034.

The ship building and repairing market plays a vital role in global maritime operations, facilitating the construction, maintenance, and modernization of commercial vessels, naval ships, offshore platforms, and specialized marine infrastructure. This market is essential to sectors such as international trade, defense, oil and gas, fisheries, and passenger transport. Countries with extensive coastlines and strong shipping industries, including China, South Korea, Japan, the United States, and Germany, have developed sophisticated shipbuilding ecosystems. The market’s demand is primarily driven by global trade activity, defense spending, port infrastructure development, and the shift towards greener maritime transport.

As regulatory requirements for emissions control, fuel efficiency, and safety become more stringent, shipowners are increasingly investing in new, eco-friendly ships and retrofitting existing fleets. Repair and maintenance services are crucial for fleet longevity and operational uptime, especially as ships become more technologically complex and service life expectations increase.

In 2024, the ship building and repairing market showed strong recovery and diversification. Commercial shipyards experienced a surge in orders for LNG-fueled and dual-fuel vessels as shipping companies sought to comply with tightening carbon regulations under IMO and regional policies. Container ships, tankers, and cruise vessels with upgraded propulsion and automation systems were in high demand. Retrofitting services expanded to include ballast water treatment systems, scrubbers, and hull optimization tools aimed at reducing fuel consumption. The naval sector saw a boost with increased government spending on new warships, submarines, and patrol boats amid geopolitical tensions. Shipyards implemented smart manufacturing tools like robotics, IoT-enabled asset tracking, and 3D modeling to reduce lead times and enhance quality control. Workforce development programs were launched to address skilled labor shortages, and public-private partnerships were formed to support these initiatives.