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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 | Feb 2016

Able bodied seaman: Government contracts and renewed commercial demand will drive industry 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
$2bn
Annual Growth 11-16
18.6%
Annual Growth 16-21
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Profit
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Employment
7,269
Businesses
192
Industry Analysis & Industry Trends

A boom in demand helped the Ship Building industry rapidly expand over the past five years. Industry players build, modify, convert and repair ships including warships, icebreakers, ferries and offshore platforms. In order to rebuild its navy and coast guard, the federal government launched the National Shipbuilding Procurement Strategy (NSPS) in 2010. As a result, over the past five years, industry operators began to invest into existing and new facilities in order to cope with incoming orders. In the five years to 2021, as NSPS-related ship construction ramps up, the industry will experience a surge in production. As a result, operators will expand facilities and hire more workers, with industry employment anticipated to climb.


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Industry Report - Starting a New Business Chapter

This industry has high barriers to entry, largely due to enormous capital costs needed to operate a shipyard and construct a boat. Additionally, companies wishing to enter the industry must compete with incumbent operators that may already have established contracts and benefit from production efficiencies that give them a competitive edge. The competitive nature of this industry requires significant investment in research and development (R&D) and leveraging the expertise of employees. Businesses wishing to enter the industry must keep up with existing R&D.

Companies differentiate themselves based on products, shipyard size, dry dock capacity, geography and service, all of which are factors that require significant capital costs... 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 ships, defined as watercraft suitable or intended for purposes other than personal or recreational use. This does not include boat-building activities.

Industry Products
Ship buildingRepairing 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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