India Shipbuilding Market Summary, Competitive Analysis and Forecast to 2030
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Shipbuilding in India industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
– Shipbuilding is the process of designing, constructing, and assembling ships for transportation and trade. It involves a series of stages, including planning, engineering, fabrication, and outfitting, to create a functional and seaworthy vessel. Market volume represents gross tonnage, which is determined by the molded volume of all enclosed spaces within the ship. Molded volume refers to the internal volume of the ship's hull, calculated based on the shape and dimensions of its structure, including all enclosed areas such as cargo holds, machinery spaces, and crew accommodations.
– Market production volume increased with a CAGR of 15.0% between 2020 and 2025, reaching a total of 42.7 thousand gross tonnage in 2025.
– Oil tankers had the highest volume in the Indian shipbuilding market in 2025, with a total of 20.8 thousand gross tonnage, equivalent to 48.8% of the market's overall volume.
– India captured a share of 0.1% in the Asia-Pacific shipbuilding market in 2025.
Scope
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Garden Reach Shipbuilders & Engineers Ltd
Mazagon Dock Shipbuilders Ltd
Swan Defence and Heavy Industries Ltd
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