Industry Analysis & Industry Trends
The Shipbuilding and Repair Services industry has undergone moderate growth over the past five years, with revenue estimated to rise at an annualised 1.5% over the five years through 2015-16. Defence expenditure and Royal Australian Navy (RAN) shipbuilding contracts strongly influence revenue growth. Key RAN projects during the past five years include the construction of the Canberra-class landing helicopter docks (LHDs), which were completed in December 2015, and the ongoing Hobart-class air warfare destroyers (AWDs) project, with both projects continuing to drive revenue growth. Revenue is set to grow by 1.9% in 2015-16, to reach $3.0 billion.
Exposure to overseas markets has shifted the industry's operations over the past five years... purchase to read more
Industry Report - Industry Locations Chapter
Industry enterprises are mainly based in New South Wales, Queensland and Western Australia. New South Wales has the largest share of industry enterprises. It accounts for a high proportion of commercial shipbuilding in Australia, and the presence of BAE Systems and Thales has won several defence-related contracts for the state. Companies based in Victoria, South Australia and New South Wales are primarily involved in defence-related shipbuilding, and the repair and maintenance of commercial ships. However, Victoria's share of operators is underrepresented compared with its population and economic activity. Firms in Western Australia, Queensland and Tasmania tend to concentrate primarily on export sales... purchase to read more