The Business Research Company’s latest report Ship And Boat Building And Repairing Global Market Report 2020 covers Ship And Boat Building And Repairing market drivers, Ship And Boat Building And Repairing market trends, Ship And Boat Building And Repairing market segments, Ship And Boat Building And Repairing market growth rate, Ship And Boat Building And Repairing market major players, and Ship And Boat Building And Repairing market size. The report provides in-depth analysis of the impact of COVID-19 on the Ship And Boat Building And Repairing industry, along with revised market numbers due to the effects of the coronavirus.
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Ship And Boat 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 and boat building and repairing market is expected to decline from $236.2 billion in 2019 to $221.4 billion in 2020 at a compound annual growth rate (CAGR) of -6.3%. The decline is mainly due to 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 4% from 2021 and reach $246.7 billion in 2023.
The global ship and boat building and repairing market is segmented by type into ship building and repairing, boat building and repairing. Subsegments covered are ship building, ship repairing, boat building, boat repairing.
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