The market is dominated by foreign suppliers, as imports account for 92.8% of total market size in 2023. B2B drives market demand, with B2B spending representing 90.0% of total demand in 2023. India has the sixth largest market size for ships and boats regionally, with demand reaching USD5.2 billion in 2023. Cochin Shipyard Ltd is the largest company in India, generating 12.9% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 36.5% of total production value in 2023. The total number of companies decreases in 2023, to 15,056 units. The costs of the industry decrease by 2% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 1.6% of production value in 2023, the 19th highest regionally. The industry’s exports share increases in 2023 to 71.4% of total production output. With production value of USD1.2 billion, India accounts for 0.9% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Ships and Boats in India: ISIC 351. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Ships and Boats in India: ISIC 351 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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