Industry Analysis & Industry Trends
The Shipbuilding and Repair Services industry has undergone moderate growth over the past five years, with revenue estimated to rise at an annualised 1.5% over the five years through 2015-16. Defence expenditure and Royal Australian Navy (RAN) shipbuilding contracts strongly influence revenue growth. 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 destroyers (AWDs) project, with both projects continuing to drive revenue growth. Revenue is set to grow by 1.9% in 2015-16, to reach $3.0 billion.
Exposure to overseas markets has shifted the industry's operations over the past five years... 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 rivals other global military vessels. This tends to result in strong and constant demand for a range of industry ships and upgrades, and particularly for specialised naval vessels. Over the past five years, establishments have been declining despite strong growth in industry revenue. Commercial shipbuilders have faced rising import competition, which has forced some operators to exit the industry. However, those with access to strong existing markets and economies of scale have consolidated their positions, giving rise to growth in the industry... purchase to read more