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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 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 2015, IBISWorld estimates that wages will account for 32.8% of revenue while 5.5% 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 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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