Product Code: ETC019909 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines Shipbuilding and Repairing Market is expected to register a CAGR of 4.9% during the forecast period (2025-2031). The country has one of the largest shipyards in Southeast Asia, making it an attractive destination for constructing and repairing ships. The growth in demand for water transport services owing to increasing trade activities between countries in the region is fueling market growth. Additionally, several international companies have been setting up their facilities in the country due to low labor cost that are further driving the market forward. However, high initial costs associated with building new vessels may restrain market growth over certain periods of time
Cruise ships offer travelers all manner of luxurious amenities as well as recreational activities onboard such as casinos, spas, clubs, and restaurants among others which makes them immensely popular with tourists from around the world. As a result there has been an increased demand for cruise ships among countries across Southeast Asia including Philippines that are looking to capitalize on this trend by investing into developing luxury cruises within their respective territories. This has consequently led to higher number orders being placed at Philippine based shipyards thereby boosting revenue generation opportunities within this sector but also resulting into greater competition from competing yards both at local level but also globally too thus encouraging more efficient construction methods coupled with superior quality control standards being adopted throughout this industry so as keep prices competitive while still delivering excellent results every time with each order placed at any particular yard here in Philippines
One key factor contributing towards rising popularity amongst international shipbuilders when deciding where they should build or repair their vessels remains relatively low cost yet highly trained Filipino workforce available compared to other regions elsewhere across Southeast Asia including Singapore or Malaysia whose labor costs tend be somewhat higher than what can be found here in comparison thus saving potential investors hefty amounts when choosing Philippines like option instead plus there exists another equally important point worth noting namely consistently high quality outputs produced by skilled workers employed locally even though wages might appear much lower than those offered elsewhere around region
While it may be true that relative wage levels remain reasonably competitive when compared against other regional counterparts however despite having some trained personnel available they tend not quite match size requirements needed especially if large scale operations need undertaking such example would require sizeable workforces capable handling multiple simultaneous projects simultaneously something lacking currently judging from current
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Ship Building and Repairing Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Ship Building and Repairing Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Ship Building and Repairing Market - Industry Life Cycle |
3.4 Philippines Ship Building and Repairing Market - Porter's Five Forces |
3.5 Philippines Ship Building and Repairing Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Ship Building and Repairing Market Revenues & Volume Share, By Vessel Types, 2021 & 2031F |
3.7 Philippines Ship Building and Repairing Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Philippines Ship Building and Repairing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Ship Building and Repairing Market Trends |
6 Philippines Ship Building and Repairing Market, By Types |
6.1 Philippines Ship Building and Repairing Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Ship Building and Repairing Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Philippines Ship Building and Repairing Market Revenues & Volume, By Ship Building, 2021-2031F |
6.1.4 Philippines Ship Building and Repairing Market Revenues & Volume, By Ship Repairing , 2021-2031F |
6.2 Philippines Ship Building and Repairing Market, By Vessel Types |
6.2.1 Overview and Analysis |
6.2.2 Philippines Ship Building and Repairing Market Revenues & Volume, By Oil And Chemical Tankers, 2021-2031F |
6.2.3 Philippines Ship Building and Repairing Market Revenues & Volume, By Container Ships, 2021-2031F |
6.2.4 Philippines Ship Building and Repairing Market Revenues & Volume, By Gas Carriers, 2021-2031F |
6.2.5 Philippines Ship Building and Repairing Market Revenues & Volume, By Offshore Vessels, 2021-2031F |
6.2.6 Philippines Ship Building and Repairing Market Revenues & Volume, By Passenger Ships And Ferries, 2021-2031F |
6.3 Philippines Ship Building and Repairing Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Philippines Ship Building and Repairing Market Revenues & Volume, By General Services, 2021-2031F |
6.3.3 Philippines Ship Building and Repairing Market Revenues & Volume, By Dockage, 2021-2031F |
6.3.4 Philippines Ship Building and Repairing Market Revenues & Volume, By Hull Part, 2021-2031F |
6.3.5 Philippines Ship Building and Repairing Market Revenues & Volume, By Engine Parts, 2021-2031F |
6.3.6 Philippines Ship Building and Repairing Market Revenues & Volume, By Electric Works, 2021-2031F |
6.3.7 Philippines Ship Building and Repairing Market Revenues & Volume, By Auxiliary Services, 2021-2031F |
7 Philippines Ship Building and Repairing Market Import-Export Trade Statistics |
7.1 Philippines Ship Building and Repairing Market Export to Major Countries |
7.2 Philippines Ship Building and Repairing Market Imports from Major Countries |
8 Philippines Ship Building and Repairing Market Key Performance Indicators |
9 Philippines Ship Building and Repairing Market - Opportunity Assessment |
9.1 Philippines Ship Building and Repairing Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Ship Building and Repairing Market Opportunity Assessment, By Vessel Types, 2021 & 2031F |
9.3 Philippines Ship Building and Repairing Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Philippines Ship Building and Repairing Market - Competitive Landscape |
10.1 Philippines Ship Building and Repairing Market Revenue Share, By Companies, 2024 |
10.2 Philippines Ship Building and Repairing Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |