Egypt Ship Building and Repairing Market (2020-2026) | Size, Trends, Industry, Share, Revenue, Analysis, Growth, Value, Segmentation, Outlook & COVID-19 IMPACT

Topics Covered in the Egypt Ship Building and Repairing Market 

Egypt Ship Building and Repairing Market report thoroughly covers the market by type, by vessel type, and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Egypt Ship Building and Repairing Market Synopsis

Egypt Ship Building and Repairing Market is one of the fastest growing markets. The growth is attributed to increasing demand for maritime transportation and favorable policies introduced by the government. Additionally, the growing economy and increasing population are other factors contributing in the continued growth of Egypt Ship Building and Repairing Industry. Also, the Egypt has a great access to skilled labor and proximity to major shipping routes, this in turn, drives growth of ship building and repairing market of Egypt. In recent years, the market has been growing enormously due to the increasing demand for ships in the country.

According to 6Wresearch, the Egypt Ship Building and Repairing Market size is anticipated to grow at a higher growth rate during the 2020-2026. The market is registering tremendous growth on account of supportive government policies and various incentives to encourage companies to set up shipyards in the country. Egypt has a prosperous history of ship building and repairing and it has become known as a leading maritime nation. Also, the country's strategic location on the Mediterranean Sea and the Red Sea has made it a significant hub for trade and shipping. There are some factors boosting the Egypt Ship Building and Repairing Market Growth which includes country’s large population which provides a large potential customer base for businesses in this sector. There is a growing need for ships in Egypt owing to the increasing amount of trade. However, the industry is expected to be restrained by lack of skilled labor, inefficient infrastructure, and lack of funding for shipbuilding and repairs.

COVID-19 Impact on the Egypt Ship Building and Repairing Market

The COVID-19 pandemic has adversely impacted the growth of Egypt Ship Building and Repairing Market owing to the global lockdowns which have resulted in a decline in demand for new vessels and ship repairing services. Moreover, the pandemic has led to delays in the delivery of raw materials due to disruption in supply chains. The pandemic has resulted in closure of ports and shipping lanes which has affected the demand for oil and chemical tankers. Furthermore, the epidemic has resulted in a shortage of skilled labor due to lockdowns.

Key players in the Egypt Ship Building and Repairing Market

The market several key players which offers a range of services and has a strong presence in both local and international markets. Some of the prominent companies in the sector include

• El Sewedy Electric
• Arab Academy for Science & Technology (AAST)
• Alexandria Shipyard
• Suez Shipyard Company
• Alexandria New Shipyard
• Egyptian Ship Repair and Building Company.

Market Analysis by Type

According to Nikhil, Senior Research Analyst, 6Wresearch, the ship repairing segment is gaining traction in the Egypt Ship Building and Repairing Market mainly due to increasing demand for maintenance and repair services for existing vessels. However, the ship building segment is also expected to grow due to the increasing demand for shipping services in the region.

Market Analysis by Vessel Types

By Vessel Types, the Oil and Chemical Tankers segment is dominating the Egypt Ship Building and Repairing Market share owing to the increasing demand for oil and chemical transportation across the globe.

Market Analysis by Applications

By applications, the Hull Part and Engine Parts segments are expected to grow over the forecast period due to the surging demand for maintenance and repair services for vessels.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Egypt Ship Building and Repairing Market Outlook
• Market Size of Egypt Ship Building and Repairing Market, 2019
• Forecast of Egypt Ship Building and Repairing Market, 2026
• Historical Data and Forecast of Egypt Ship Building and Repairing Revenues & Volume for the Period 2016 - 2026
• Egypt Ship Building and Repairing Market Trend Evolution
• Egypt Ship Building and Repairing Market Drivers and Challenges
• Egypt Ship Building and Repairing Price Trends
• Egypt Ship Building and Repairing Porter's Five Forces
• Egypt Ship Building and Repairing Industry Life Cycle
• Historical Data and Forecast of Egypt Ship Building and Repairing Market Revenues & Volume By Type for the Period 2016 - 2026
• Historical Data and Forecast of Egypt Ship Building and Repairing Market Revenues & Volume By Ship Building for the Period 2016 - 2026
• Historical Data and Forecast of Egypt Ship Building and Repairing Market Revenues & Volume By Ship Repairing for the Period 2016 - 2026
• Historical Data and Forecast of Egypt Ship Building and Repairing Market Revenues & Volume By Vessel Types for the Period 2016 - 2026
• Historical Data and Forecast of Egypt Ship Building and Repairing Market Revenues & Volume By Oil And Chemical Tankers for the Period 2016 - 2026
• Historical Data and Forecast of Egypt Ship Building and Repairing Market Revenues & Volume By Container Ships for the Period 2016 - 2026
• Historical Data and Forecast of Egypt Ship Building and Repairing Market Revenues & Volume By Gas Carriers for the Period 2016 - 2026
• Historical Data and Forecast of Egypt Ship Building and Repairing Market Revenues & Volume By Offshore Vessels for the Period 2016 - 2026
• Historical Data and Forecast of Egypt Ship Building and Repairing Market Revenues & Volume By Passenger Ships And Ferries for the Period 2016 - 2026
• Historical Data and Forecast of Egypt Ship Building and Repairing Market Revenues & Volume By Applications for the Period 2016 - 2026
• Historical Data and Forecast of Egypt Ship Building and Repairing Market Revenues & Volume By General Services for the Period 2016 - 2026
• Historical Data and Forecast of Egypt Ship Building and Repairing Market Revenues & Volume By Dockage for the Period 2016 - 2026
• Historical Data and Forecast of Egypt Ship Building and Repairing Market Revenues & Volume By Hull Part for the Period 2016 - 2026
• Historical Data and Forecast of Egypt Ship Building and Repairing Market Revenues & Volume By Engine Parts for the Period 2016 - 2026
• Historical Data and Forecast of Egypt Ship Building and Repairing Market Revenues & Volume By Electric Works for the Period 2016 - 2026
• Historical Data and Forecast of Egypt Ship Building and Repairing Market Revenues & Volume By Auxiliary Services for the Period 2016 - 2026
• Egypt Ship Building and Repairing Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Vessel Types
• Market Opportunity Assessment By Applications
• Egypt Ship Building and Repairing Top Companies Market Share
• Egypt Ship Building and Repairing Competitive Benchmarking By Technical and Operational Parameters
• Egypt Ship Building and Repairing Company Profiles
• Egypt Ship Building and Repairing Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

• Ship Building
• Ship Repairing

By Vessel Types

• Oil And Chemical Tankers
• Container Ships
• Gas Carriers
• Offshore Vessels
• Passenger Ships And Ferries

By Applications

• General Services
• Dockage
• Hull Part
• Engine Parts
• Electric Works
• Auxiliary Services