Dublin, July 25, 2025 (GLOBE NEWSWIRE) -- The "Ship Recycling Market" report has been added to ResearchAndMarkets.com's offering.
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.
Market growth is attributed to factors such as increasing demand for scrap steel, increasing age of the global shipping fleet, stringent ship end-of-life regulations and green ship recycling. Factors restraining the market growth are the low availability of vessels, the growth of global trade, and the health hazards of irresponsible ship recycling.
Technological advances in the ship recycling industry occur slowly. Ship recycling is a labor-intensive sector. There are only a few yards (the majority in Europe) that are shifting towards using technology and automating the shipbreaking process through robotics and other methods.
The major markets of ship recycling - Bangladesh and India - still rely on manual work and employ thousands of workers in the ship recycling process. Other processing activities such as documentation, compliance work, organization coalition and platforms that help communicate information better and more organized are gaining pace in the industry. Companies and platforms like Global Marketing Systems (GMS) and NGO Shipbreaking provide real-time insights into the industry.
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 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.
The 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).
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 110 |
| Forecast Period | 2025 - 2030 |
| Estimated Market Value (USD) in 2025 | $9.1 Billion |
| Forecasted Market Value (USD) by 2030 | $13 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Executive Summary
- Market Outlook
- Scope of Report
- Market Summary
- Technological Advances and Applications
- Market Dynamics and Growth Factors
- Future Trends and Developments
- Segmental Analysis
- Regional Insights and Emerging Markets
- Conclusion
Chapter 2 Market Overview
- Raw Material from Scrapped Ships
- Top Dumpers Companies
- Ship Decommissioning Process
- Stakeholders Involved in the Scrap Process
- Trade-War Impact
Chapter 3 Market Dynamics
- Market Drivers
- Increasing Demand for Scrap Steel
- Increasing Age of the Global Shipping Fleet
- Stringent Ship End-Of-Life Regulations
- Market Restraints and Challenges
- Low Availability of Vessels
- Growth of Global Trade
- Health Hazards in Irresponsible Ship Recycling
- Market Opportunity
- Green Ship Recycling
Chapter 4 Emerging Technologies and Developments
- Emerging Technologies in the Market
- AI in Ship Recycling: Automation in Process
- Steel-Cutting Technologies
- Ship Recycling Portal
- Patent Analysis
- Methodology
- Analysis
Chapter 5 Market Segment Analysis
- Market Analysis by Vessel Type
- General Cargo Ships
- Bulk Carriers
- Container Ships
- Oil Tankers
- Other Vessels
- Market Analysis by Vessel Size
- Below 60,000 Dwt
- 60,000 Dwt to 125,000 Dwt
- Above 125,000 Dwt
- Market Analysis by Methods
- Beaching
- Dry-Docking
- Alongside/Pier-Breaking
- Other Methods
- Market Breakdown by Country
- Bangladesh
- India
- Pakistan
- Turkey
- Rest of World (RoW)
Chapter 6 Competitive Intelligence
- Industry Structure
- Recent Developments
Chapter 7 Sustainability in Ship Recycling Industry: ESG Perspective
- Importance of ESG in the Ship Recycling Industry
- Environmental Issues
- Social Issues
- Governance Issues
Company Profiles
- Alang Sosiya Ship Recycling Yard
- Dortel Gemi Sokum
- EMR USA Holdings Inc.
- KSRM Steel Plant Ltd.
- Leela Worldwide Group
- Leyal Gemi Sokum
- Marine Metals
- MRC Port Colborne
- OSM Thome
- Priya Blue Industries
- R.L. Kalthia Ship Breaking Pvt. Ltd.
- Salasar Balaji Ship Breakers Pvt. Ltd.
- Spot Shipping A.S.
- VMS Industries Ltd.
- Wirana
For more information about this report visit https://www.researchandmarkets.com/r/jxw6cj
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