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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 SWOT Analysis Chapter

The Shipbuilding and Repair Services industry is in the growth stage of its economic life cycle. 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 3.7% over the 10 years through 2019-20. The industry is therefore expected to outperform the overall economy over this period, which is forecast to grow at an annualised 2.7% over the 10 years through 2019-20.

One of the industry's key growth characteristics is the rapid and ongoing technological change. These technological developments have been evident over the past five years, particularly with computer-aided design software and sophisticated ship model basins... 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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