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 - Industry SWOT Analysis Chapter
The Shipbuilding and Repair Services industry is in the growth stage of its life cycle, continuing a strong recovery from its prior decline at the start of the five-year period. The growth of the industry is characterised by increases in industry value added (IVA) significantly exceeding overall real GDP growth. Another key growth characteristic includes the rapid and ongoing technological change that has occurred over the past five years. Since defence is the largest market for the industry, companies are expected to be at the cutting edge of technology.
IVA, which is used to measure an industry's contribution to the overall economy, is forecast to increase at a compound annual rate of 5.1% over the 10 years through 2018-19... purchase to read more