Overview

Sailing away: Industry revenue has increased despite strong competition from foreign companies

IBISWorld’s Shipbuilding and Repair Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

The Shipbuilding and Repair Services industry has undergone substantial growth over the past five year. Industry revenue is expected to rise at an annualised 6.1% over the five years through 2016-17. Defence expenditure and Royal Australian Navy (RAN) shipbuilding contracts are key revenue growth drivers. Key RAN projects during the past five years include the construction of the Canberra-class landing helicopter docks (LHDs), which were completed in December 2015, and the ongoing Hobart-class air warfare destroyer (AWD) project. Revenue is projected to grow by 10.8% in 2016-17, to reach $3.7 billion.

Despite an increase in defence expenditure, several RAN contracts have been outsourced to foreign firms over the past five years...

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Industry Report - Industry Investment Chapter

The industry displays a low level of capital intensity, which has remained unchanged over the past five years. In 2016-17, an estimated $12.24 is spent on wages for every dollar invested in capital. Capital equipment required in the industry generally has an extended operational life and depreciates slowly over time. In addition, depreciation expenses do not consider lease payments that are made on properties and equipment. In an industry with highly customised products, shipbuilders often prefer to hire equipment for one-off processes rather than purchase expensive machinery. These trends contribute to low capital requirements and low depreciation costs.

The industry’s high labour expenses are due to the skilled nature of many tasks and processes. In ..

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Industry Products

What is the Shipbuilding and Repair Services Industry?

Companies in the industry primarily manufacture or repair ships with displacement of 50 tonnes or more. Firms that manufacture submarines and major components for ships and submarines are also included in the industry.

Industry Products
Military shipbuilding
Submarine construction
Commercial shipbuilding
Ship repair and maintenance
Industry Activities
Dry dock operation
Hull cleaning
Ship repairing
Shipbuilding
Shipwrecking
Submarine construction
Submarine component

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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