Research & Development

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SWOT Analysis of Shipbuilding Industry of Bangladesh

Received: Jun. 21, 2023    Accepted: Jul. 08, 2023    Published: Jul. 20, 2023
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Abstract

Bangladesh, a proud maritime nation, boasts a rich heritage in shipping and shipbuilding. However, it has struggled to keep up with the global shipbuilding race for several reasons. To address this, the utilization of SWOT analysis becomes an invaluable tool for strategy formulation, providing guidance in making viable decisions rather than serving as a strict prescription. In order for Bangladesh's shipbuilding industry to flourish, it is crucial to identify its strengths, rectify internal weaknesses, and implement protective measures against external threats. Harnessing the nation's potential and capitalizing on available opportunities are vital for ensuring the sustainable development of the shipbuilding industry. This paper aims to analyze Bangladesh's shipbuilding industry using the SWOT framework. By conducting this analysis, the paper will shed light on the strengths, weaknesses, opportunities, and challenges faced by the local shipbuilding sector. Additionally, it will offer recommendations on suitable markets, as well as insights into the industry's potentials and hurdles. By undertaking a comprehensive examination of these factors, Bangladesh can strive to regain its position in the global shipbuilding arena. Through strategic planning and effective decision-making, the country can forge a path towards a prosperous future for its shipbuilding industry.

DOI 10.11648/j.rd.20230403.11
Published in Research & Development ( Volume 4, Issue 3, September 2023 )
Page(s) 75-83
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Shipbuilding, Tow-Tech, Strength, Weakness, Opportunity, Threat

References
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  • APA Style

    Khandakar Akhter Hossain. (2023). SWOT Analysis of Shipbuilding Industry of Bangladesh. Research & Development, 4(3), 75-83. https://doi.org/10.11648/j.rd.20230403.11

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    ACS Style

    Khandakar Akhter Hossain. SWOT Analysis of Shipbuilding Industry of Bangladesh. Res. Dev. 2023, 4(3), 75-83. doi: 10.11648/j.rd.20230403.11

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    AMA Style

    Khandakar Akhter Hossain. SWOT Analysis of Shipbuilding Industry of Bangladesh. Res Dev. 2023;4(3):75-83. doi: 10.11648/j.rd.20230403.11

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  • @article{10.11648/j.rd.20230403.11,
      author = {Khandakar Akhter Hossain},
      title = {SWOT Analysis of Shipbuilding Industry of Bangladesh},
      journal = {Research & Development},
      volume = {4},
      number = {3},
      pages = {75-83},
      doi = {10.11648/j.rd.20230403.11},
      url = {https://doi.org/10.11648/j.rd.20230403.11},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.rd.20230403.11},
      abstract = {Bangladesh, a proud maritime nation, boasts a rich heritage in shipping and shipbuilding. However, it has struggled to keep up with the global shipbuilding race for several reasons. To address this, the utilization of SWOT analysis becomes an invaluable tool for strategy formulation, providing guidance in making viable decisions rather than serving as a strict prescription. In order for Bangladesh's shipbuilding industry to flourish, it is crucial to identify its strengths, rectify internal weaknesses, and implement protective measures against external threats. Harnessing the nation's potential and capitalizing on available opportunities are vital for ensuring the sustainable development of the shipbuilding industry. This paper aims to analyze Bangladesh's shipbuilding industry using the SWOT framework. By conducting this analysis, the paper will shed light on the strengths, weaknesses, opportunities, and challenges faced by the local shipbuilding sector. Additionally, it will offer recommendations on suitable markets, as well as insights into the industry's potentials and hurdles. By undertaking a comprehensive examination of these factors, Bangladesh can strive to regain its position in the global shipbuilding arena. Through strategic planning and effective decision-making, the country can forge a path towards a prosperous future for its shipbuilding industry.},
     year = {2023}
    }
    

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    AB  - Bangladesh, a proud maritime nation, boasts a rich heritage in shipping and shipbuilding. However, it has struggled to keep up with the global shipbuilding race for several reasons. To address this, the utilization of SWOT analysis becomes an invaluable tool for strategy formulation, providing guidance in making viable decisions rather than serving as a strict prescription. In order for Bangladesh's shipbuilding industry to flourish, it is crucial to identify its strengths, rectify internal weaknesses, and implement protective measures against external threats. Harnessing the nation's potential and capitalizing on available opportunities are vital for ensuring the sustainable development of the shipbuilding industry. This paper aims to analyze Bangladesh's shipbuilding industry using the SWOT framework. By conducting this analysis, the paper will shed light on the strengths, weaknesses, opportunities, and challenges faced by the local shipbuilding sector. Additionally, it will offer recommendations on suitable markets, as well as insights into the industry's potentials and hurdles. By undertaking a comprehensive examination of these factors, Bangladesh can strive to regain its position in the global shipbuilding arena. Through strategic planning and effective decision-making, the country can forge a path towards a prosperous future for its shipbuilding industry.
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Author Information
  • Department of Naval Architecture and Marine Engineering (NAME), Bangladesh University of Engineering and Technology (BUET), Dhaka, Bangladesh

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