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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 | Oct 2013

Ship shape: Major defence construction contracts drive industry growth

IBISWorld’s Shipbuilding and Repair Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 09-14
6.8%
Annual Growth 14-19
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Profit
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Employment
8,616
Businesses
432
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 SWOT Analysis Chapter

The Shipbuilding and Repair Services industry is in the growth stage of its life cycle, continuing a strong recovery from its prior decline at the start of the five-year period. The growth of the industry is characterised by increases in industry value added (IVA) significantly exceeding overall real GDP growth. Another key growth characteristic includes the rapid and ongoing technological change that has occurred over the past five years. Since defence is the largest market for the industry, companies are expected to be at the cutting edge of technology.

IVA, which is used to measure an industry's contribution to the overall economy, is forecast to increase at a compound annual rate of 5.1% over the 10 years through 2018-19... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Shipbuilding and Repair Services Industry?

Companies involved in the Shipbuilding and Repair Services industry primarily manufacture or repair vessels with displacement of 50 tonnes and over. Other activities include the manufacture of submarines and other major components for ships and submarines.

Industry Products
Defence shipbuildingSubmarine manufacturingCommercial shipbuildingShip repair and maintenance
 
Industry Activities
Dry dock operationHull cleaningShip repairingShipbuildingShipwreckingSubmarine componentSubmarine construction


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