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 Locations Chapter
Companies based in Victoria, South Australia and New South Wales are primarily involved in defence-related manufacturing, and repair and maintenance of commercial ships. However, Victoria is extremely underrepresented in terms of its population and economic activity. Firms in Western Australia, Queensland and Tasmania tend to concentrate primarily on export sales. New South Wales is estimated to have the highest number of industry enterprises. It accounts for a high proportion of commercial shipbuilding in Australia, although the presence of BAE Systems and Thales have helped the region win several defence-related contracts... purchase to read more