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 Products Chapter
Shipbuilding can be broadly segmented into military and commercial products and services. The commercial shipbuilding market is generally more cost competitive, as operators must compete with international players, particularly from Singapore, South Korea and China. The largest product segment is defence-related shipbuilding. Products within this segment are usually built to order and customised to the requirements of the Royal Australian Navy (RAN). Ships and submarines are classified according to their basic dimensions, weight or displacement, load-carrying capacity and intended service. Product segments can rise and fall sharply depending on current projects, as industry revenue, particularly from defence-related projects, fluctuates substantially... purchase to read more