The Business Research Company’s latest report Ship Building and Repairing Global Market Report 2020 covers Ship Building and Repairing market drivers, Ship Building and Repairing market trends, Ship Building and Repairing market segments, Ship Building and Repairing market growth rate, Ship Building and Repairing market major players, and Ship Building and Repairing market size. The report provides in-depth analysis of the impact of COVID-19 on the Ship Building and Repairing industry, along with revised market numbers due to the effects of the coronavirus.
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Ship Building and Repairing Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global ship building and repairing market reached a value of nearly $191,913.3 million in 2019, having increased at a compound annual growth rate (CAGR) of 0.9% since 2015. The market is expected to decrease from $191,913.3 million in 2019 to $177,809.0 million in 2020 at a rate of -0.01%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 3.06% from 2021 and reach $191,891.1 million in 2023.
The report covers the Ship Building and Repairing market’s segments-
1) By Type Of Service: Ship Building, Ship Repairing
2) By Type Of Vessel: Passenger, Offshore, Containerships, Tankers, Refrigerated Vessels, Bulkers, Others
3) By End-Use: Goods Transportation, Passenger Transportation.
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