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 Key Buyers Chapter
The industry displays a medium market share concentration. This concentration indicates to what extent major players dominate the industry. The industry's four major players are estimated to account for over 60.0% of total revenue in 2014-15. The high level of concentration primarily stems from the limited number of shipbuilders that are capable of producing technologically advanced ships. In addition, many industry ships are extremely large and it can therefore be very expensive to manufacture, repair and maintain these vessels, and logistically complex to set up operations... purchase to read more