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