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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 | Feb 2016

Able bodied seaman: Government contracts and renewed commercial demand will drive industry growth

IBISWorld’s Ship Building market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
18.6%
Annual Growth 16-21
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Profit
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Employment
7,269
Businesses
192
Industry Analysis & Industry Trends

A boom in demand helped the Ship Building industry rapidly expand over the past five years. Industry players build, modify, convert and repair ships including warships, icebreakers, ferries and offshore platforms. In order to rebuild its navy and coast guard, the federal government launched the National Shipbuilding Procurement Strategy (NSPS) in 2010. As a result, over the past five years, industry operators began to invest into existing and new facilities in order to cope with incoming orders. In the five years to 2021, as NSPS-related ship construction ramps up, the industry will experience a surge in production. As a result, operators will expand facilities and hire more workers, with industry employment anticipated to climb.


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Industry Report - Industry Investment Chapter

The Ship Building industry has a low level of capital intensity and is labour intensive. In general, skilled staff is required to operate a ship building yard and operators pay for the wages, salaries and benefits for researchers, builders, repairers and administrative staff. In 2016, IBISWorld estimates that wages will account for 26.4% of revenue while 3.0% of revenue will go towards depreciation expenses. Therefore, IBISWorld estimates that industry operators invest $0.11 in capital per $1.00 in wages. However, capital intensity has increased over the past five years as operators reinvested into their facilities in order to take on new government contracts... 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
Ship buildingRepairing 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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