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 Locations Chapter
Establishments are mainly based around the industry's major players. Spread across most states in Australia, establishment locations drive the location choice of new and existing subcontracting businesses. Companies based in Victoria, South Australia and New South Wales are primarily involved in defence-related manufacturing, repair and maintenance activity of commercial shipping. However, in Western Australia, Queensland and Tasmania, establishments concentrate primarily on export sales.
New South Wales is estimated to have the highest number of industry establishments with 29.8% of all firms in the industry... purchase to read more