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.
The Bangladesh market for ship recycling was valued at $3.2 billion in 2024 and is estimated to increase from $4.2 billion in 2025 to reach $6.3 billion by 2030, at a CAGR of 8.7% from 2025 through 2030.
The Indian market for ship recycling was valued at $2.4 billion in 2024 and is estimated to increase from $3 billion in 2025 to reach $4.3 billion by 2030, at a CAGR of 6.9% from 2025 through 2030.
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 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).
Table of Contents
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
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 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
Segmentation Breakdown
Key Highlights
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
Key Takeaways
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