Ship building market companies | Explore Top Leaders 2025

Code: MTA3947 Publication Date: Jun 2025

Ship building market companies

The shipbuilding sector is expected to grow vigorously, valued at approximately USD 152.7 billion by 2024, projected to grow to approximately USD 193.4 billion by 2031 with a CAGR of 4.9%. This growth is driven by strong maritime trade, rising cargo volumes and strong governmental and defense spending.

Key demand drivers for shipbuilding growth include the increasing enforcement of environmental regulations driving demand LNG and hybrid vessels, increasing use of modular construction, automation, robotics, 3Dprinting, and AIdriven design to improve productivity.

The market is propelled forward by increasing international maritime trade, fleet renewal in commercial and military fleet segments, the growth of cruise and leisure vessels, the shift toward environmentally friendly vessel standards, LNG and hybrid ship propulsion requirements, and rapid digitization of ship design and construction.

1. China Shipbuilding Group (CSG / CSSC)

Company NameChina Shipbuilding Group (CSG / CSSC)
Establishment Year2019 (merger)
HeadquarterBeijing, China
Official WebsiteClick Here

The world’s largest shipbuilder by order value, producing everything from LNG tankers to military vessels through CSSC and CSIC units

2. Hyundai Heavy Industries

Company NameHyundai Heavy Industries
Establishment Year1972
HeadquarterUlsan, South Korea
Official WebsiteClick Here

The world’s largest shipbuilder, specializing in container ships, LNG carriers, offshore platforms, and more; renowned for automation and green-ship technologies

3. Cochin Shipyard Limited (CSL)

Company NameCochin Shipyard Limited (CSL)
Establishment Year1972
HeadquarterKochi, Kerala, India
Official WebsiteClick Here

India’s largest shipbuilding and repair yard, constructing tankers, passenger vessels, and offshore rigs; partnering with Hyundai for new mega shipyard development

4. Daewoo Shipbuilding & Marine Engineering (DSME)

Company NameDaewoo Shipbuilding & Marine Engineering (DSME)
Establishment Year1973
HeadquarterGeoje, South Korea
Official WebsiteClick Here

One of South Korea's "Big Three" shipbuilders, DSME excels in LNG carriers, drillships, and offshore units, operating the world’s largest dock

5. Samsung Heavy Industries

Company NameSamsung Heavy Industries
Establishment Year1974
HeadquarterSeoul, South Korea
Official Website -

A global leader in shipbuilding and offshore engineering, building LNG vessels, FPSOs, ultra-large container ships, and advanced offshore platforms

6. Imabari Shipbuilding

Company NameImabari Shipbuilding
Establishment Year1901
HeadquarterImabari, Japan
Official WebsiteClick Here

Japan’s largest shipbuilder, producing merchant ships, bulk carriers, and tankers, with high annual tonnage and strategic design capabilities .

7. Garden Reach Shipbuilders & Engineers (GRSE)

Company NameGarden Reach Shipbuilders & Engineers (GRSE)
Establishment Year1884
HeadquarterKolkata, India
Official WebsiteClick Here

A leading Indian defense shipyard producing naval vessels, patrol crafts, and commercial ships; first Indian yard to build 100 warships

8. Larsen & Toubro Shipbuilding (L&T)

Company NameLarsen & Toubro Shipbuilding (L&T)
Establishment Year1938
HeadquarterMumbai, India
Official WebsiteClick Here

Key Indian private shipbuilder focused on commercial vessels, offshore support ships, and defense ships using advanced engineering .

9. Japan Marine United (JMU)

Company NameJapan Marine United (JMU)
Establishment Year2013
HeadquarterYokohama, Japan
Official WebsiteClick Here

A major Japanese shipbuilder formed via mergers, delivering commercial, naval, and offshore vessels with comprehensive lifecycle services

10. Navantia

Company NameNavantia
Establishment Year2005
HeadquarterStamford, Connecticut, USA
Official WebsiteClick Here

Spain’s state-owned shipyard building warships, submarines, ferries, and offshore hydrogen/renewable platforms; fifth-largest in Europe .

11. Mazagon Dock Shipbuilders Limited (MDL)

Company NameMazagon Dock Shipbuilders Limited (MDL)
Establishment Year1934
HeadquarterMumbai, India
Official WebsiteClick Here

India’s premier defense shipyard building warships, submarines, and offshore platforms; integral to India's naval modernization .

12. Fincantieri

Company NameFincantieri
Establishment Year1895
HeadquarterTrieste, Italy
Official WebsiteClick Here

Europe’s leading shipbuilder; constructs cruise ships, naval vessels, and offshore platforms; expanding global presence, notably in the US

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