South Korea Shipbuilding Market Summary, Competitive Analysis and Forecast to 2030
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Shipbuilding in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 3.0% between 2020 and 2025, reaching a total of 21,069.6 thousand gross tonnage in 2025.
– Bulk Carriers had the highest volume in the South Korean shipbuilding market in 2025, with a total of 6,755.2 thousand gross tonnage, equivalent to 32.1% of the market's overall volume.
– In 2025, the South Korean shipbuilding market experienced an annual growth of 4.9%, driven by increased international trade. For instance, in December 2025, the Department for Business and Trade reported that in Q2 2025, Total trade in goods and services (exports plus imports) between the UK and South Korea was $18.9 billion. During that period, the UK exported around $10.1 billion worth of goods and services to South Korea, while imports from South Korea amounted to about $8.8 billion.
Scope
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Reasons to Buy
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