Industry Analysis & Industry Trends
The Shipbuilding and Repair Services industry has grown significantly over the past five years. Revenue is expected to rise at an annualised 4.0% over the five years through 2014-15. This growth would be even stronger were it not being measured off an extremely high base year, with a massive 42.0% increase in industry revenue in 2009-10. Industry revenue growth is strongly influenced by defence expenditure and Royal Australian Navy (RAN) shipbuilding initiatives.
A major drop in capital expenditure on defence in 2012-13 did not severely affect industry operations, as existing RAN projects, primarily the Hobart-class Air Warfare Destroyers and Canberra-class Landing Helicopter Dock ships, continued to drive revenue growth... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Shipbuilding and Repair Services industry is in the growth stage of its economic life cycle. Industry value added (IVA) is used to measure an industry's contribution to the overall economy. IVA is forecast to increase at a compound annual rate of 3.7% over the 10 years through 2019-20. The industry is therefore expected to outperform the overall economy over this period, which is forecast to grow at an annualised 2.7% over the 10 years through 2019-20.
One of the industry's key growth characteristics is the rapid and ongoing technological change. These technological developments have been evident over the past five years, particularly with computer-aided design software and sophisticated ship model basins... purchase to read more