Home > Automotive > Marine > Ship Plate Market

Ship Plate Market Share

Report ID: GMI3734
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Ship Plate Market Share

Ship Plate Market Market Share Analysis, 2023

The ship plate industry is moderately fragmented in nature due to the presence of local and global players. In 2023, POSCO, Nippon Steel Corporation, ArcelorMittal, JFE Steel Corporation, and Thyssenkrupp AG collectively held around 15%-20% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions, and collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Ship Plate Market Companies

Major players operating in the ship plate industry are:

Ansteel Group Corporation
ArcelorMittal
Baosteel Group Corporation
China Steel Corporation
Chongqing Iron & Steel Group
Hyundai Steel Company
JFE Steel Corporation
Jiangsu Shagang Group
JSW Steel Limited
Nippon Steel Corporation
Novolipetsk Steel (NLMK)
POSCO
POSCO Daewoo Corporation
Tata Steel Limited
Thyssenkrupp AG

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of ship plate reached USD 24.9 billion in 2023 and is set to witness 4.2% CAGR during 2024 to 2032, led by the growing construction of maritime vessels coupled with increasing marine transport.

The steel ship plate segment garnered USD 21.9 billion in 2023 and is expected to grow at 3.3% CAGR through 2032, owing to its superior mechanical qualities such as low cost and quick manufacturing.

Asia Pacific market held a significant market share of USD 15.9 billion in 2023 and will reach USD 21.3 billion by the end of 2032, due to the rising demand for maritime transportation and expansion of the shipbuilding industry.

Ansteel Group Corporation, ArcelorMittal, Baosteel Group Corporation, China Steel Corporation, Chongqing Iron & Steel Group, Hyundai Steel Company, JFE Steel Corporation, Jiangsu Shagang Group, JSW Steel Limited, Nippon Steel Corporation among others.