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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 | Jul 2013

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

IBISWorld’s Ship Building 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
Market Share of Companies
Industry Statistics & Market Size
Revenue
$760m
Annual Growth 08-13
2.8%
Annual Growth 13-18
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Profit
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Employment
4,799
Businesses
160
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. In the five years to 2013, IBISWorld estimates that the Ship Building industry's revenue will grow at an average annual rate of 2.8% to $759.6 million, including an increase of 6.3% in 2013... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Ship Building industry has a low level of market share concentration. Although there are a significant amount of companies with a sizeable share of the market, there are a large number of owner-operators in the industry. About 29.7% of establishments have one to four employees. Concentration has increased in the past five years due to consolidation and a number of mergers and acquisitions. For example, Davie Shipbuilding filed for bankruptcy in 2011 and other industry operators acquired some operations while Zafiro Marine UK Limited ultimately purchased Davie Shipbuilding. .. 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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