i m expecting 70 percent share by 2025. South Korea/Japan share continue to shrink..
Chinese shipbuilding industry
- Thread starter tphuang
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i m expecting 70 percent share by 2025. South Korea/Japan share continue to shrink..
For nearly 10 years (2009-2019) Chinese shipbuilding was neck-and-neck with South Korea and stagnated at 1/3 of global market share. It wasn't until the past few years (2020-2023) that China clearly surpassed Korea.
China is really just eating Korean and Japanese industries one by one. I think we can very safely say now that as clear market leader, China is overall the most technologically advanced shipbuilding nation in the world (with the exception of niche areas like LNG carriers).
interesting chart. what was the share of Japanese shipbuilding at height. seems like 60 percent. China will surpass that mark within 2 years.
For nearly 10 years (2009-2019) Chinese shipbuilding was neck-and-neck with South Korea and stagnated at 1/3 of global market share. It wasn't until the past few years (2020-2023) that China clearly surpassed Korea.
China is really just eating Korean and Japanese industries one by one. I think we can very safely say now that as clear market leader, China is overall the most technologically advanced shipbuilding nation in the world (with the exception of niche areas like LNG carriers).
LNG carriers, South korea and China both are neck to neck. but recently China took lead over Korea in new orders. if i remember correctly
Peak of Japanese shipbuilding was 53% of global market share in 1984.
China will surpass this number in H2 of this year.
antiterror13
Brigadier
Scary
It's well below China's true potential, like @sunnymaxi said I would not be surprised to see China hold 70% of market share as early as 2025.
China has economies of scale + cheaper materials and labour costs + greater R&D base + better technology.
antiterror13
Brigadier
Do you think the increase of robot penetration in shipbuilding industry in China is a main contributing factors ?
Is China's building enough ships for its own trading fleet? Instead of just building for others, they should expand and dominate the shipping industry worldwide, whether it is freight or crude oil tankers.
antiterror13
Brigadier
I think both
Current progress update on the new Hudong-Zhonghua (HZ) shipyard site on Changxin Island. Posted by @还是捣蛋 on Weibo.
Posted in the comment section by @高海文啦 on Weibo.
Posted in the comment section by @高海文啦 on Weibo.