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 | Mar 2015

Setting 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
Annual Growth 10-15
Annual Growth 15-20
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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 especially from steady work from government and military clients. The Canadian government's National Shipbuilding Procurement Strategy, a plan to rebuild aging Navy and Coast Guard fleets, has fuelled demand for new ships. Additionally, demand grew due to greater demand from ocean and coastal transportation companies, which require ships for operations. As a result, the industry is expected to experience slow but sustained growth over the next five years... purchase to read more

Industry Report - Industry Locations Chapter

Shipyards are generally situated near major international shipping routes and within reach of the most prominent US ports because the United States is the country's largest trading partner. With shipyards being located in these areas, companies will face reduced shipping costs and be able to get ships to customers faster. Major player Irving Shipbuilding cites sailing distances shorter than 600 nautical miles to New York, 380 nautical miles to Boston, 750 nautical miles to Norfolk and 2,374 nautical miles to the United Kingdom.

About 42.7% of industry establishments are located in British Columbia, with Ontario and Quebec falling next in line at 21.7% and 11.5%, respectively... 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
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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