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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 | Jul 2015

Smooth sailing: 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
$4bn
Annual Growth 11-16
6.6%
Annual Growth 16-21
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Profit
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Employment
10,716
Businesses
437
Industry Analysis & Industry Trends

The Shipbuilding and Repair Services industry has grown significantly over the past five years. Revenue is estimated to rise at an annualised 6.6% over the five years through 2015-16. Industry revenue growth is strongly influenced by defence expenditure and Royal Australian Navy (RAN) shipbuilding contracts. 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 Destroyer (AWD) and the Canberra-class Landing Helicopter Dock (LHD) projects, continued to drive revenue growth. Revenue is set to grow by 1.7% in 2015-16, to reach $3.8 billion... 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. As defence industries are the largest markets for industry players, companies are often expected to provide cutting-edge technology that can rival other global military vessels. This trend tends to result in strong and constant demand for a range of industry ships and upgrades, particularly specialised naval vessels.

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 5.5% over the 10 years through 2020-21. The industry is therefore expected to outperform annualised real GDP growth of 2.8% over the same period. This trend is characteristic of a growing industry... 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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