Shipbuilding Market was valued at US$ 155.31 Bn. in 2023. Global Shipbuilding Market size is expected to grow at a CAGR of 4.4 % through the forecast period.
Shipbuilding Market Overview:
The construction of ships and other floating boats is known as shipbuilding. It usually takes place in a shipyard, which is a specialized facility. Shipbuilders, also known as shipwrights, are required to practice a specialized trade that dates back before recorded history. "Naval engineering" refers to both commercial and military shipbuilding and ship maintenance. Boat building is a comparable activity that involves the construction of boats.
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