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Ship Building Market Forecast to 2034 – For Business Leaders, Analysts, and Strategic Teams

2025-07-28  |  08:55:05
The Business Research Company

The Business Research Company

The Business Research Company’s Ship Building Global Market Report 2025 – Market Size, Trends, And Forecast 2025-2034

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LONDON, GREATER LONDON, UNITED KINGDOM, July 28, 2025 /EINPresswire.com/ -- What Has Been The Trend In The Ship Building Market Size In Recent Years?
The ship building market size has shown tremendous growth in recent years, escalating from $221.13 billion in 2024 to an expected $236.09 billion in 2025, reflecting a Compound Annual Growth Rate CAGR of 6.8%. This growth throughout the historic period is primarily due to surging economic growth in emerging markets, an increase in demand for cruise ships, expansion in seaborne trade, and the influence of favorable government initiatives.

What Is The Projected Growth Rate And Projected Size Of The Shipbuilding Market In The Next Few Years?
Strong growth is predicted for the ship building market size in the next few years, projected to achieve $295.63 billion in 2029 at a Compound Annual Growth Rate CAGR of 5.8%. The growth in the forecast period is being driven by factors such as an increasing demand for e-commerce, burgeoning tourism, and a booming global population.

Noteworthy trends anticipated in the forecast period include a focus on the integration of artificial intelligence AI, implementation of green ship building technologies, a surge in LNG liquefied natural gas-fueled engines, utilization of robotics, digital twin technology, in addition to the emergence of solar and wind-powered ships, collaborations, partnerships and rising investments.

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Highlight The Emerging Trend Driving The Growth Of The Ship Building Market?
Significant contribution to the growth of the ship building market is predicted to come from increasing seaborne trade. A rising population, the upsurge in consumer purchasing power, and improvements in standards of living are escalating the demand for consumer goods, inevitably leading to heightened production and rapid industrialization.

As per the review of maritime transport 2023 report published by the UNCTAD United Nations Conference on Trade and Development, in 2022, total seaborne trade reached 12,027 million tons. While containerized trade saw a dip of 3.7%, oil and gas trade swelled by 6% and 4.6% respectively. Projections for 2023 indicate a 2.4% increase in total seaborne trade and a 1.2% rise in containerized trade. Expected annual growth rates for 2024 are 2.1% for total seaborne trade and 3.2% for containerized trade.

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Can You Discuss The Key Players In The Shipbuilding Market And Their Efforts In Recent Years?
Notable companies operating in the ship building market include the likes of Korea Shipbuilding & Offshore Engineering Co. Ltd, Samsung Heavy Industries, Fincantieri S.p.A, and Daewoo Shipbuilding & Marine Engineering Co Ltd. Among others, these companies have been maneuvering to foster advancements, enhance production capabilities, and strengthen industry foothold.

Discuss Any Emerging Trends Noticed In Recent Times?
A leading trend observed in the ship building market in recent times is the adoption of 3D printing technology. The innovation, also known as additive manufacturing, is becoming increasingly popular across sectors connected with manufacturing and engineering, including shipbuilding. The shipbuilding market has seen a surge in players joining forces to integrate advanced manufacturing technologies, such as 3D printing, to significantly enhance their manufacturing capabilities.

What Is The Segmentation Of The Ship Building Market?
The ship building market is divided by Product Bulkers, Tankers, Containers, Cruise And Ferry, Other Products, Application Passenger Transportation, Goods Transportation, and End-User Logistics Companies, Cruise Operators, Other End-Users.

Product sub-segments include Dry Bulk Carriers, Specialized Bulk Carriers under Bulkers; Crude Oil Tankers, Product Tankers, Liquefied Natural Gas LNG Carriers under Tankers; Container Ships, Multi-Purpose Container Vessels under Containers; Ocean Cruise Ships, River Cruise Ships, Passenger Ferries under Cruise And Ferry, and Offshore Support Vessels, Research Vessels, Fishing Vessels, Military Ships under Other Products.

What Has Been The Regional Dominance In The Ship building Market In Recent Years?
The Asian-Pacific region took the lead in the ship building market in 2024, closely followed by Western Europe claiming the second-largest share in the global shipbuilding market. The regions covered in the ship building market report encompass Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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A Former Team USA National Athlete Launches Mission to Combat the Silent Epidemic of CTE in Olympic Winter Sports

William Person, 9-Year Team USA Bobsled, Launches GoFundMe to Provide HBOT to Athletes with brain damageWilliam Person CTE Recovery Center will treat athletes and military with CTE symptoms to give them hope for a higher quality lifeWilliam Person requires oxygen therapy near daily so he can think clearly and function throughout the day. Person suffers with CTE symptoms following years of repeated concussions from crashes, vibrations and g-force while bobsleddingView Out the Window of the Lake Front Property for William Person CTE Recovery CenterInside the Lake front property to become home of the William Person CTE Recovery CenterFormer Team USA Bobsled Member William Person launches GoFundMe to raise funds for a CTE Recovery Center after Industry Fails to Compensate for Brain Injuries.Hyperbaric Oxygen Therapy is a lifeline for people like us with CTE, and I’m determined to make it accessible to every athlete and military veteran who needs it.”— William Person, former athlete, CTE advocateWOODLAND HILLS,, CA, UNITED STATES, July 28, 2025 /EINPresswire.com/ -- Former 9-year Team USA bobsledder William Person, lead plaintiff in the high-profile class action lawsuit spotlighted by The New York Times, Sports Litigation Alert, and Courthouse News Service, is taking matters into his own hands after rejecting a proposed settlement that offered “evaluation, but no treatment or compensation” for Team USA Olympic Bobsled athletes suffering from Chronic Traumatic Encephalopathy (CTE). In addition, Person says the warning to new athletes about the dangers of repetitive concussions, which are a regular part of the sport, is not adequate in the proposed settlement for young athletes to truly understand the repercussions of the repeated concussions, including a constant state of brain fog, mass depression, and intense headaches for life, which are leading to suicide among athletes around the world. Person, whose story was first widely recognized in 2021 through media stories about “Sled Head”— the bobsled equivalent of football’s concussion crisis—has announced a GoFundMe campaign to raise $500,000 to establish a 501(c)(3) foundation that will provide free Hyperbaric Oxygen Therapy (HBOT) to athletes and veterans battling the devastating effects of repetitive brain trauma. Interested parties are invited to donate to the campaign at https://gofund.me/93ff9c6e. “I stood alone in court last month against all parties—including my own lawyers—because I refuse to sign off on an offer that does nothing to treat the brain injuries of the athletes—a condition we have solely based on the nature of our sport, and that doesn’t do enough to properly warn new athletes of the repercussions of the repeated concussions,” said Person. “Junior Seau changed the NFL forever when he took his life and preserved his brain for research. My teammates Pavle Jovanovic and Steve Holcomb also took their own lives because of the pain and misery of CTE, and many others around the world have joined them. This is a serious issue! It’s time we protect the brains of our winter athletes with the same urgency we do in football.” THE SILENT CRISIS: CTE BEYOND FOOTBALL Person’s mission underscores what appears as an overlooked epidemic in sports: while the NFL has taken major steps to address concussions and long-term cognitive decline, winter sports have largely escaped the same scrutiny—even though Olympic bobsledders endure G-forces 10 times greater than fighter pilots, combined with violent ice vibrations likened to “shaken baby syndrome.” • In 2020, Person’s close friend and teammate Pavle Jovanovic died by suicide and was diagnosed Stage 4 CTE. “I remember Pavle calling me speaking gibberish. He hung up, frustrated, because I couldn’t understand his words. Soon after, he hung himself. It haunts me to this day,” said Person. • Studies continue to reveal athletes in sports from hockey to soccer to Olympic bobsledding show markers of CTE, a neurodegenerative disease associated with aggression, depression, memory loss, and tragically, suicide. A PERSONAL PATH TO HEALING — AND GIVING BACK Inspired by Joe Namath’s public journey using HBOT to regain mental clarity, Person sought the same treatments. “Before Hyperbaric Oxygen Therapy, I was on my hands and knees crawling in my own house, convinced I was dying. Today, I still struggle, but my quality of life has dramatically improved,” Person said. “Some athletes have fully reversed their symptoms by using HBOT. This therapy is a lifeline for people like us with CTE, and I’m determined to make it accessible to every athlete and military veteran who needs it.” Through his new nonprofit—William Person CTE Recovery Center—Person plans to: • Provide free HBOT treatments at his Midwest lakeside property and future St. Louis facility. • Cover travel, lodging, food, and ongoing support for athletes too impaired to navigate care alone. • Fund CTE-neurology specialists and trained HBOT doctors who understand these complex cases and won’t dismiss them as “ordinary headaches” or “depression.” • Expand into additional cutting-edge modalities to combat cognitive decline. WHY NOW — AND WHY REPORTERS SHOULD CARE Person’s story is one of hard-earned hope and deep urgency. “The class action lawsuit was meant to protect and heal us. But they offered nothing—no compensation, no treatment. Just evaluations. That’s unacceptable. We’re not test subjects. We’re human beings suffering because of our sports,” he said. This mission is especially poignant following The New York Times’ and Courthouse News Service’s original reporting on Person’s lawsuit, and the tragic coverage of his teammates Jovanovic and Holcomb, along with the many others suffering with CTE and committing suicide because of it. HOW YOU CAN HELP • Donate or share Person’s fundraiser: https://gofund.me/93ff9c6e • Contact for interviews or to cover this story: Jennifer@engagementpr.com; 949-933-4300. Person is calling on sports leagues, medical researchers, fellow athletes, parents, and the public to rally behind this cause—because as he puts it: “We can’t wait for another funeral to decide brain injuries matter. Together, we can save lives.” Support in Court Person goes back to court Wednesday, July 30 at 10 am, United States Courthouse Central District of California, 312 N. Spring Street, Los Angeles, CA 90012, Department 6. Parties interested in supporting Person in court are welcome to sit in. Please wear blue, like a blue t shirt, and write in bold: “Bobsled = CTE” and/or “HBOT Saves Brains.”
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