Report Highlights
The global market for ship recycling was valued at $7 billion in 2024 and is estimated to increase from $9.1 billion in 2025 to reach $13 billion by 2030, at a compound annual growth rate (CAGR) of 7.4% from 2025 through 2030.
Report Includes
- 33 data tables and 49 additional tables
- An overview of the global market for ship recycling
- In-depth analyses of global market trends, featuring historical revenue data for 2024, estimated figures for 2025, and projected CAGRs through 2030
- Evaluation of the market’s size and revenue growth prospects, accompanied by a market share analysis on the basis of vessel type, method, size and geographical region
- Insight into government initiatives, and detailed descriptions of ship dismantling technologies and new ship recycling methods
- Discussion of evolving technologies, the current and future market potential, R&D activities, growth strategies, and ESG trends of the market
- Identification of companies that are best positioned to meet this demand because of their proprietary technologies, mergers and acquisitions, joint ventures and other strategic alliances
- Company profiles of major players within the industry, including Alang Ship Breaking Yard (India), Chittagong Ship Breaking Yard (Bangladesh), Gadani Ship Breaking Yard (Pakistan), and Aliaga Ship Breaking Yard (Turkey).
Report Scope
The report provides a detailed analysis, both quantitative and qualitative, of the ship recycling market to reflect the latest trends and data. This report focuses on the global ship recycling market from 2024 through 2030. The base year of the analysis is 2024, with 2025 through 2030 serving as the forecast period. The revenue calculated in this report is in $ million. The market is segmented by:
- Vessel type: Bulk carriers, container ships, oil tankers, general cargo ships and others.
- Vessel size: Below 60,000 DWT, 60,000 DWT to 125,000 DWT, and above 125,000 DWT.
- Methods: Beaching, dry-docking, alongside/pier-breaking and others.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2024 | ||||||||||||||||
| Forecast period considered | 2025-2030 | ||||||||||||||||
| Base year market size | $7 billion | ||||||||||||||||
| Market size forecast | $13 billion | ||||||||||||||||
| Growth rate | CAGR of 7.4% for the forecast period of 2025-2030 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | Vessel Type, Vessel Size, Methods | ||||||||||||||||
| Countries covered | Bangladesh, India, Pakistan, Turkey, Rest of the World | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Increasing demand for scrap steel.
- Increasing age of the global shipping fleet.
- Stringent ship end-of-life regulations.
- Low availability of vessels.
- Growth of global trade.
- Health hazards in irresponsible ship recycling.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
The report provides an overview of the global ship recycling market and its related segment. The report has been segmented based on vessel type, vessel size, method, and region. Using 2022 as the base year, the report provides estimated market data for 2023 through 2028. The report examines key drivers, emerging trends, and major players and provides market estimates. It also analyses the companies and regions involved in the ship recycling industry, and highlights and elaborates on the economic factors in this marketplace.
Report Includes
- An overview of the global landscape related to the ship recycling industry
- In-depth analysis of global market trends, featuring historical revenue data for 2022, estimated figures for 2023, as well as forecasts for 2028. This analysis includes projections of compound annual growth rates (CAGRs) through 2028
- Evaluation of the current market size and revenue growth prospects specific to the ship recycling industry, accompanied by a market share analysis by vessel type, method, size, and geographical region
- Insights into government initiatives, and detailed descriptions of ship dismantling technologies and novel ship recycling methods
- Coverage of evolving technologies, the current and future market potential, and an analysis of the regulatory framework and reimbursement scenarios
- Market share analysis of the key companies in the industry and coverage of mergers & acquisitions, joint ventures, collaborations, partnerships, and other market strategies
- Profiles of leading market participants
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