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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 | Oct 2013

Ship shape: Major defence construction contracts drive industry growth

IBISWorld’s Shipbuilding and Repair Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 09-14
6.8%
Annual Growth 14-19
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Profit
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Employment
8,616
Businesses
432
Industry Analysis & Industry Trends

The Shipbuilding and Repair Services industry has exhibited steady growth at a compound annual rate of 6.8% over the five years through 2013-14 to reach $2.8 billion. This growth can primarily be attributed to a stunning 32.1% revenue increase in 2009-10 as the Hobart Class Air Warfare Destroyer (AWD) project commenced. Industry revenue growth tends to fluctuate in line with defence expenditure and Royal Australian Navy (RAN) shipbuilding initiatives. In the global commercial sector, an oversupply of ships resulted from plummeting demand for trade in the wake of the global financial crisis. In Australia, however, the industry was not particularly affected by the crisis, as its lack of participation in the marketplace for large commercial ships proved to be a blessing in disguise... purchase to read more

Industry Report - Starting a New Business Chapter

The industry has historically had high barriers to entry and that is expected to continue. High start-up costs, including land acquisitions, make it difficult for new industry entrants. Competition in the industry is moderate but market share concentration is high, rendering it difficult for new participants to gain much market share. Defence contracts are usually awarded to companies with proven track records. These are often multinational shipbuilding entities, from which ship designs and intellectual properties are purchased, with stipulations that require the company's participation in the construction process... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Shipbuilding and Repair Services Industry?

Companies involved in the Shipbuilding and Repair Services industry primarily manufacture or repair vessels with displacement of 50 tonnes and over. Other activities include the manufacture of submarines and other major components for ships and submarines.

Industry Products
Defence shipbuildingSubmarine manufacturingCommercial shipbuildingShip repair and maintenance
 
Industry Activities
Dry dock operationHull cleaningShip repairingShipbuildingShipwreckingSubmarine componentSubmarine construction


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