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Shipbuilding and Repair Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Shipbuilding and Repair Services Market Research Report | ANZSIC C2391 | May 2016

Shipshape: Major defence construction contracts continue to drive industry growth

The Shipbuilding and Repair Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 11-16
1.5%
Annual Growth 16-21
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Profit
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Employment
9,597
Businesses
423
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 Key Buyers Chapter

The industry displays a high market share concentration. The concentration indicates the extent that major players dominate the industry. In 2015-16, the industry's four largest players are estimated to account for more than 70% of total revenue. This concentration primarily stems from the limited number of shipbuilders that can produce technologically advanced ships. In addition, many industry ships are extremely large, which means it can be expensive to build, repair and maintain these vessels, and logistically complex to set up operations.

Significant entry barriers also contribute to the industry's high market share concentration. The initial cost of building or leasing a shipyard is extremely high... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Shipbuilding and Repair Services Industry?

Companies in the industry primarily manufacture or repair ships with displacement of 50 tonnes or more. Firms that manufacture submarines and major components for ships and submarines are also included in the industry.

Industry Products
Military shipbuildingSubmarine constructionCommercial shipbuildingShip repair and maintenance
 
Industry Activities
Dry dock operationHull cleaningShip repairingShipbuildingShipwreckingSubmarine constructionSubmarine component


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