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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 | Sep 2014

Shipshape: Major defence construction contracts drive industry growth

IBISWorld’s Shipbuilding and Repair Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 10-15
4.0%
Annual Growth 15-20
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Profit
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Employment
10,183
Businesses
450
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 - Starting a New Business Chapter

The industry has high barriers to entry and this level has remained steady over the past five years. Very high start-up costs, including land acquisitions, make it difficult for new industry entrants. Competition and market share in the industry are moderate, which makes it difficult for new participants to gain foothold in the industry and establish strong control over the market. Defence contracts are usually awarded to companies with proven track records. Incumbent firms 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. These trends make it even harder for potential companies to enter the industry and gain any success... 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 and over. Firms that manufacture submarines and major components for ships and submarines are also included in the industry.

Industry Products
Defence shipbuildingSubmarine manufacturingCommercial shipbuildingShip repair and maintenance
 
Industry Activities
Dry dock operationHull cleaningShip repairingShipbuildingShipwreckingSubmarine constructionSubmarine component


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