Industry Analysis & Industry Trends
The Shipbuilding and Repair Services industry has grown significantly over the past five years. Revenue is estimated to rise at an annualised 6.6% over the five years through 2015-16. Industry revenue growth is strongly influenced by defence expenditure and Royal Australian Navy (RAN) shipbuilding contracts. 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 Destroyer (AWD) and the Canberra-class Landing Helicopter Dock (LHD) projects, continued to drive revenue growth. Revenue is set to grow by 1.7% in 2015-16, to reach $3.8 billion... 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. As defence industries are the largest markets for industry players, companies are often expected to provide cutting-edge technology that can rival other global military vessels. This trend tends to result in strong and constant demand for a range of industry ships and upgrades, particularly specialised naval vessels.
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 5.5% over the 10 years through 2020-21. The industry is therefore expected to outperform annualised real GDP growth of 2.8% over the same period. This trend is characteristic of a growing industry... purchase to read more