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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 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
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 Key Buyers Chapter

The Ship Building industry has a low level of market share concentration. Although there are a significant amount of companies with a sizeable share of the market, there are a large number of owner-operators in the industry. About 29.7% of establishments have one to four employees. Concentration has increased in the past five years due to consolidation and a number of mergers and acquisitions. For example, Davie Shipbuilding filed for bankruptcy in 2011 and other industry operators acquired some operations while Zafiro Marine UK Limited ultimately purchased Davie Shipbuilding. In 2014, IBISWorld estimates that the largest three companies in the industry will account for 21.4% of industry revenue... 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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