The Ship Plate industry was 12542.48 million USD in 2017 and is projected to reach USD 26062.77 million USD by 2022, at a CAGR (Compounded Annual Growth Rate) of 15.75% between 2017 and 2022. The market is driven by the increase of vessels delivered and ship order book. Although the shipping-industry continues to suffer from overcapacity and weak global demand in two years, it will prosper once again by 2020-2022, with the influence of the industry cycle.
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A critical factor for growth in Asia region is availability of raw materials at lower prices coupled with the presence of large number of suppliers and producers. China is anticipated to lead growth of the Asia Pacific market over the next six years. All manufactures in the world are committed to the improvement of product. These two years, some of Chinese manufactures can almost catch up with the world’s leading technology too. Most technologies are developed by the manufacturers instead of importing from other companies. With the recovery of world shipbuilding industry and the increased proportion of output for high technology and high added – value ships, China will enter into the list of world powerful shipbuilding countries.
Steel plates have continually met the diverse challenges of shipbuilding, including weight reduction and higher speeds, improved construction efficiency, and longer life in tankers, container ships, bulk carriers, and other types of vessels.
On the other hand, Global shipyard output and capacity have fallen significantly since the peak years. However, many remaining yards still don’t need to look too far ahead to see the end of their current workload. The shipbuilding industry will be hoping to see a return to a more active newbuilding market sooner rather than later.
The Global Ship Plate Market Research Report 2018 report released by QYResearch provides a basic overview of the Ship Plate industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Ship Plate industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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