Saudi Arabia Ship Building and Repairing Market (2025-2031) | Share, Industry, Value, Trends, Growth, Revenue, Companies, Size, Forecast, Analysis & Outlook

Saudi Arabia Ship Building and Repairing Market Synopsis

The Saudi Arabia shipbuilding and repairing market is set to witness a moderate CAGR of 6.7% during the forecast period 2025-2031. The rising demand for advanced vessels, government initiatives in developing infrastructure related to shipping, increasing port activities, and increased hydrocarbon exploration are some of the major factors driving the growth of this market. Moreover, with an increase in oil production and export from Saudi Arabia will further boost up the need for larger cargo ships which will create opportunities for growth in this sector.

Market Drivers

Some of the key drivers that are influencing the Saudi Arabia shipbuilding and repair industry include strong economic fundamentals supported by large reserves of crude oil, expansion plans across various ports throughout the country coupled with extensive investments into their development programs as well as allied services such as dredging operations; along with environmental regulations favoring construction of cleaner fuel efficient vessels ?? all driving immense potential within this marketplace. Furthermore, there is growing demand from domestic customers who have been diversifying their fleets due to regional conflict constraints preventing international shipments through certain channels; leading them towards more cost effective options through local suppliers such as those found within Saudi Arabia.

Challenges of the Market

However there are still some challenges faced by players operating within this domain including a lack of skilled labor force which has presented itself over time due to limited educational institutions offering maritime engineering courses; hindering efforts by organizations looking to expand or modernize existing facilities/fleet capabilities at competitive prices domestically rather than outsourcing projects abroad at premium costs thus creating unfavourable financial implications on cost structures overall. Additionally security risks such as piracy remain another impediment restricting movement across various trade routes posing significant operational losses while simultaneously forcing businesses involved in transshipment activities towards alternative route options incurring higher overhead expenditures on vessel maintenance & repairs post voyage completion (if any).

Covid 19 Impact on the Market

In 2025, the COVID-19 pandemic has caused considerable disruption in marine transportation services across many countries including Saudi Arabia. This has led to an overall reduction in maritime activities resulting in a decline of shipbuilding and repair orders amidst uncertainties about future economic conditions arising out of this pandemic. Moreover, there could be delays or hindrances on certain projects which could have an impact on market prospects over 2025-2031 period.

key players of the Market

The major players operating in the Saudi Arabia Ship Building and Repairing Market include Hyundai Heavy Industries Co., Ltd., National Marine Dredging Company (NMDC), SABIC Industrial Investment Company (IIC), Al Khorayef Group Holding Co., Al Rushaid Engineering Services LLC., China State Construction Engineering Corporation Middle East LLC (CSCECME), Arabia Sea Drydocks Limited (ASD), Drydock World Pte Ltd., among others.

Key Highlights of the Report:

• Saudi Arabia Ship Building and Repairing Market Outlook
• Market Size of Saudi Arabia Ship Building and Repairing Market, 2024
• Forecast of Saudi Arabia Ship Building and Repairing Market, 2031
• Historical Data and Forecast of Saudi Arabia Ship Building and Repairing Revenues & Volume for the Period 2021-2031
• Saudi Arabia Ship Building and Repairing Market Trend Evolution
• Saudi Arabia Ship Building and Repairing Market Drivers and Challenges
• Saudi Arabia Ship Building and Repairing Price Trends
• Saudi Arabia Ship Building and Repairing Porter's Five Forces
• Saudi Arabia Ship Building and Repairing Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Ship Building and Repairing Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Ship Building and Repairing Market Revenues & Volume By Ship Building for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Ship Building and Repairing Market Revenues & Volume By Ship Repairing for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Ship Building and Repairing Market Revenues & Volume By Vessel Types for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Ship Building and Repairing Market Revenues & Volume By Oil And Chemical Tankers for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Ship Building and Repairing Market Revenues & Volume By Container Ships for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Ship Building and Repairing Market Revenues & Volume By Gas Carriers for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Ship Building and Repairing Market Revenues & Volume By Offshore Vessels for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Ship Building and Repairing Market Revenues & Volume By Passenger Ships And Ferries for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Ship Building and Repairing Market Revenues & Volume By Applications for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Ship Building and Repairing Market Revenues & Volume By General Services for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Ship Building and Repairing Market Revenues & Volume By Dockage for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Ship Building and Repairing Market Revenues & Volume By Hull Part for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Ship Building and Repairing Market Revenues & Volume By Engine Parts for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Ship Building and Repairing Market Revenues & Volume By Electric Works for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Ship Building and Repairing Market Revenues & Volume By Auxiliary Services for the Period 2021-2031
• Saudi Arabia Ship Building and Repairing Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Vessel Types
• Market Opportunity Assessment By Applications
• Saudi Arabia Ship Building and Repairing Top Companies Market Share
• Saudi Arabia Ship Building and Repairing Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Ship Building and Repairing Company Profiles
• Saudi Arabia Ship Building and Repairing Key Strategic Recommendations