The global ship market size reached around USD 239.94 Billion in 2025. The market is projected to grow at a CAGR of 6.60% between 2026 and 2035 to reach nearly USD 454.65 Billion by 2035.
Base Year
Historical Period
Forecast Period
E-commerce is projected to account for 41% of worldwide retail sales by the year 2027.
A significant 84% of the worldwide fleet is comprised of motor yachts, while sailing yachts account for 16%, highlighting a robust demand for luxury watercraft.
The United States ranks as the second-largest trading nation globally, following China, with a total of more than USD 7.0 trillion in the export and import of goods and services in the year 2022.
Compound Annual Growth Rate
6.6%
Value in USD Billion
2026-2035
*this image is indicative*
| Global Ship Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 239.94 |
| Market Size 2035 | USD Billion | 454.65 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 6.60 |
| CAGR 2026-2035 - Market by Region | Asia Pacific | 7.6% |
| CAGR 2026-2035 - Market by Country | India | 8.7% |
| CAGR 2026-2035 - Market by Country | China | 7.3% |
| CAGR 2026-2035 - Market by Type | Bulk Carriers | 9.1% |
| CAGR 2026-2035 - Market by Solution | Line Fit | 8.8% |
| Market Share by Country 2025 | Germany | 4.4% |
Over the past decade, global ecommerce sales for B2B enterprises have consistently increased, with projections indicating that the worldwide B2B ecommerce market will reach a valuation of USD 36 trillion by 2026. The primary contributors to this sales growth are sectors such as advanced manufacturing, energy, healthcare, and professional business services. Meanwhile, global B2C ecommerce revenue is anticipated to rise to USD 5.5 trillion by 2027. Notably, India is expected to lead among 20 countries in retail e-commerce development from 2023 to 2027, with Argentina and Brazil also emerging as some of the fastest-growing e-commerce markets worldwide. The growth of the shipping sector is intricately connected to the increasing demand for e-commerce. As online shopping expands on a global scale, the necessity for efficient and dependable shipping services intensifies, thereby boosting the demand for container ships, bulk carriers, and logistics solutions. In response, shipping companies are investing in advanced technologies such as automation, real-time tracking, and data analytics to enhance their operations. This growth facilitates quicker delivery times, enhances supply chain efficiency, and aligns with the rising expectations of e-commerce consumers.
The WTO has forecasted a growth of 2.6% in the global merchandise trade volume for 2024, followed by a 3.3% increase in 2025. This expansion in international trade is a key factor driving the heightened demand for maritime vessels. As trade activities escalate, the necessity for effective transportation of goods across international waters becomes more pronounced. In response, shipping companies are augmenting their fleets, which include container ships, bulk carriers, and tankers, to satisfy this growing demand. Furthermore, innovations in logistics and shipbuilding technologies are facilitating this expansion, allowing for quicker and more economical shipping solutions to manage the rising volume of global trade.
The ship market growth can be attributed to expanding global trade, rising technological innovations, increasingly stringent environmental regulations, and growing consumer spending on goods
The growth of international trade, particularly among emerging markets, significantly enhances the demand for shipping services. As nations broaden their trade relationships, the necessity for larger and more efficient vessels to facilitate the movement of goods across continents propels the market.
Innovations in automation, artificial intelligence, and fuel efficiency are revolutionising the shipping sector. These advancements improve vessel performance, lower operational expenses, and promote the creation of environmentally friendly ships, resulting in a heightened demand for modern, technologically sophisticated vessels worldwide.
Increasingly stringent global environmental regulations are steering the shipping sector towards more sustainable practices. Policies aimed at reducing sulphur emissions and achieving carbon neutrality foster investments in eco-friendly vessels, thereby accelerating the expansion of the market for energy-efficient ships.
The rising demand for products, especially in developing areas, propels the growth of the global shipping sector. As consumer expenditure and e-commerce continue to increase, there is a corresponding need for additional vessels to transport a wide array of goods.
The market is currently undergoing significant transformations, influenced by technological advancements, environmental considerations, and economic changes. There is an increasing emphasis on sustainability, as more stringent environmental regulations are encouraging the creation of eco-friendly vessels, including those utilising LNG, hydrogen, and wind energy. The integration of digitalisation and automation is revolutionising the market, with intelligent shipping technologies enhancing operational efficiency, fuel management, and safety protocols. Furthermore, the expansion of e-commerce and international trade is elevating the demand for container ships, bulk carriers, and tankers. The trend towards larger and more fuel-efficient vessels, coupled with innovations in shipbuilding technology, is becoming more pronounced. Additionally, the growth of infrastructure in emerging markets, along with the necessity for environmentally responsible practices, is fostering development within the market, setting the stage for a more sustainable and technology-oriented future in shipping.
The EMR’s report titled “Global Ship Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Dead Weight
Market Breakup by Solution
Market Breakup by System
Market Breakup by Region
| CAGR 2026-2035 - Market by | Country |
| India | 8.7% |
| China | 7.3% |
| Canada | 6.3% |
| UK | 6.0% |
| Italy | 4.6% |
| USA | XX% |
| Germany | XX% |
| France | XX% |
| Japan | 4.5% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
Based on type, the market is segmented into passenger ships, bulk carriers, tankers, offshore ships, speciality vessels, and general cargo ships, among others. The bulk carrier segment is projected to grow at a CAGR of 9.1% during the forecast period of 2026-2035. Bulk carriers are sizable vessels specifically engineered for the transportation of unpackaged bulk materials, including coal, grains, and ores. These ships are equipped with expansive cargo holds and effective loading and unloading mechanisms, playing a vital role in the international trade of commodities.
Market players are focusing on technological advancements to gain a competitive edge in the market.
Established in 1999 and based in London, United Kingdom, BAE Systems plc operates as a prominent global defence and aerospace firm. The company specialises in the development of naval vessels, submarines, and cutting-edge defence technologies, catering to governments and defence organisations around the world.
Founded in 1934 and located in Mumbai, India, Mazagon Dock Shipbuilders Limited is a prominent entity in the shipbuilding sector. The company primarily engages in the construction of naval and commercial vessels, and submarines, and offers repair services for the Indian Navy as well as the commercial sector.
Incorporated in 1884 and situated in Kolkata, India, Garden Reach Shipbuilders & Engineers Limited is involved in the design and production of warships, submarines, and commercial ships. The company is recognised for its expertise in advanced shipbuilding and engineering solutions, serving both military and civilian markets.
Founded in 1972 and headquartered in Ulsan, South Korea, HD Hyundai Heavy Industries stands as a leading global player in the shipbuilding and heavy machinery sectors. The company specialises in the construction of large vessels, offshore platforms, and industrial machinery for international markets.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other major players in the ship market are FINCANTIERI S.p.A., General Dynamics Corporation, Larsen & Toubro Limited, Navantia S.A., thyssenkrupp Marine Systems GmbH, and Hanwha Corporation, among others.
Upto 15% Off
USD
$2499 $2249
$3999 $3599
$4999 $4249
$5999 $5099
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2025, the market attained a value of nearly USD 239.94 Billion.
The market is assessed to grow at a CAGR of 6.60% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 454.65 Billion by 2035.
The major drivers of the market are the rising implementation of stringent environmental regulations and the expansion of international trade.
As per the EMR report, the different solutions in the market are line fit and retro fit.
The major regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major players in the market are BAE Systems plc, Mazagon Dock Shipbuilders Limited, Garden Reach Shipbuilders & Engineers Limited, HD Hyundai Heavy Industries, FINCANTIERI S.p.A., General Dynamics Corporation, Larsen & Toubro Limited, Navantia S.A., thyssenkrupp Marine Systems GmbH, and Hanwha Corporation, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Dead Weight |
|
| Breakup by Solution |
|
| Breakup by System |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Datasheet
One User
USD 2,499
USD 2,249
tax inclusive*
Single User License
One User
USD 3,999
USD 3,599
tax inclusive*
Five User License
Five User
USD 4,999
USD 4,249
tax inclusive*
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Share