Rise in Economy Growth, Followed By Increase in Demand for Ships is Set to Drive Boat Building And Repairing Global Market Over The Forecast Period: Ken Research
Boat building is the construction of boats. It generally takes place in a particular facility known as a boatyard which include some activities such as the construction of boats, repair, conversion & alteration, the production of prefabricated boat & barge sections, and specialized services, for instance ship scaling. The construction of a boat is a highly technical & complicated process. It involves the blending of many skilled trades or contract employees who works under the control of a primary contractor. Boat building is performed for both commercial and military purposes. The dismantling of boats is called boat breaking.
Some significant risks are included physical risks and chemical risks. Physical risks may be noise & vibration, falls & trips, ionizing & non-ionizing radiation and temperature & weather extremes etc. Chemical risks may be fumes, dusts, spray mists, exposure to asbestos & mineral fibres and others. These risks may be minimized by several strategies for instance enclosure, isolation, substitution or elimination and ventilation process.
According to study, “Boat Building And Repairing Global Market Report 2019” the key companies operating in the boat building and repairing global market are Brunswick Corporation, Survitec Survival Craft Ltd., Holyhead Boatyard Ltd, Riviera, Ancasta International Boat Sales Ltd, Daewoo Shipbuilding & Marine Engineering (DSME) Co Ltd., Mitsubishi Heavy Industries, General Dynamics, Hyundai Heavy Industries, China Shipbuilding Industry Corporation, Samsung Heavy Industries, China State Shipbuilding Corporation, Sumitomo Heavy Industries, Hanjin Heavy Industries. The key companies are increasingly using robotics technology to streamline boat-building operations and boost efficiency. Robots make use of gadget-on-chip (SoC) and three dimensional (3D) digital camera sensor technologies to automate welding, heavy lifting, blasting, painting, inspection, pipe cleansing, and different duties in a shipyard.
Based on type of boat, the global boat building and repairing market is segmented into outboard boats, inboard boats and others (open-deck boats (aluminum pontoons and deck-style monohull runabouts), unregistered small craft (rowboats, canoes, dinghies, etc.), and houseboats). Outboards boats include runabouts, utility boats, bass boats, offshore fishing boats, and pontoons boats. In addition, inboard boats include mainly sport boats and cabin cruisers, also known as stern drive boats. Based on construction material, market is segmented into fiberglass and aluminum & steel. Based on construction process, market is segmented into automatic flame cutting, bending process, welding process, and combining of boat subassemblies and abrasive blasting. Welding is classified as Submerged arc welding (SAW), Shielded metal arc welding (SMAW), Gas tungsten arc welding (GTAW), Gas metal arc welding (GMAW), Plasma-arc welding (PAW) and Flux core arc welding (FCAW). Based on fabrication method, market is segmented into vacuum bag moulding, matched die moulding, compression moulding, autoclave moulding, sandwich construction, filament winding and polyester & epoxy resins (bisphemol epoxy systems, orthophthalic polyester and isophthalic polyester. Based on application, market is segmented into rowboats, hovercrafts, sailboats, motorboats, yachts and others. Furthermore, based on end-user, market is segmented into households and commercial.
The boat building and repairing market is majorly driven by rise in economy growth, followed by increase in demand for ships, increase in exports orders and shift to eco-friendly ships. Apart from driven aspects, some of the restraints factors include rising prices of fuel and high investment involved in boat building & repairing. It is expected that the future of global boat building and repairing market will be bright due to rise in demand for sea travel.
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Ankur Gupta, Head Marketing & Communications