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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 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
$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 - Industry Analysis Chapter

Over the past five years, the industry has enjoyed robust growth. Rising capital expenditure on defence projects in most years has driven revenue growth over the period. Major defence budget cuts in 2012-13 did not greatly affect industry revenue. Royal Australian Navy (RAN) shipbuilding projects that have occurred over this period include the Hobart-class Air Warfare Destroyers (AWDs) and the Canberra-class Landing Helicopter Docks (LHDs) amphibious assault ships. The commercial sector has faced strong competition from import markets. Competition has been particularly strong from countries such as China that operate with far lower wage costs, and countries such as Spain that specialise in technologically advanced engineering and manufacturing... 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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