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 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
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 Products Chapter

Building new ships

The amount of revenue generated by a ship's construction is related to its size, function and the amount of specialized equipment installed. Ships are classified by their basic dimensions, weight (displacement), load-carrying capacity and their intended service. New ships are either built for commercial or military markets and make up a combined 71.0% of industry revenue. For the military market, industry operators build combat ships, such as submarines and aircraft carriers, and other government markets buy patrol boats for homeland security. Commercial markets buy boats like barges, dry cargo ships, bulk carriers, passenger ships, tankers, fishing vessels and industrial vessels... 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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