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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

IBISWorld’s Ship Building market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Investment Chapter

The Ship Building industry has a moderate level of capital intensity and is labour intensive. In general, skilled staff is required to operate a shipbuilding yard and operators pay for the wages, salaries and benefits for researchers, builders, repairers and administrative staff. In 2014, IBISWorld estimates that wages will account for 31.1% of revenue while 5.4% of revenue will go towards depreciation expenses. IBISWorld estimates that industry operators invest $0.17 in capital per $1.00 in wages.

The number of employees an operator needs is largely determined by a company's output and use technology. However, skilled tradesmen are needed for a variety of positions regardless of size; these include welders, pipe workers, steelworkers and electricians... 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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