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Ship Building in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Ship Building in Canada Market Research Report | NAICS 33661aCA | May 2014

Set sail: Government contracts and renewed commercial demand will drive growth

The Ship Building market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$824m
Annual Growth 09-14
-0.3%
Annual Growth 14-19
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Profit
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Employment
4,465
Businesses
140
Industry Analysis & Industry Trends

Although most manufacturing industries faced severe declines during the recession, the Ship Building industry was able to weather the storm with only slight dips in revenue. Over the past five years, the industry has benefited from a steady amount of work stemming from government and military clients and the time lag between ordering a ship and its completion. Additionally, demand grew due to greater demand from ocean and coastal transportation companies, which require ships for operations... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Ship Building industry is in the mature phase of its industry life cycle. Industry revenue is relatively stable primarily due to exclusive contracts from Canadian government entities. Commercial shipbuilding activity has remained relatively steady as well, as the product markets approach saturation. The industry has also experienced consolidation over the past five years from increased competition. Along with the effects of the recession, the number of enterprises has fallen slightly at an average annual rate of 0.4% to 160 in the past five years.

In the 10 years to 2019, industry value added (IVA), which measures the industry's contribution to the overall economy, is forecast to increase 0.1% annually on average... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Ship Building Industry?

Companies in the industry build repair, convert and alter ships in shipyards. Shipyards are fixed facilities with dry docks and fabrication equipment capable of building a ship, defined as water-craft suitable or intended for other than personal or recreational use. This does not include boat-building activities.

Industry Products
Building new shipsRepairing ships
 
Industry Activities
Building bargesBuilding commercial fishing boatsRepairing ships in a shipyardManufacturing shipsBuilding cargo shipsBuilding container shipsBuilding dredgesBuilding ferryboatsBuilding fireboatsBuilding naval ships


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