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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 | Jul 2013

Set 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
Revenue
$760m
Annual Growth 08-13
2.8%
Annual Growth 13-18
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Profit
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Employment
4,799
Businesses
160
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. In the five years to 2013, IBISWorld estimates that the Ship Building industry's revenue will grow at an average annual rate of 2.8% to $759.6 million, including an increase of 6.3% in 2013... purchase to read more

Industry Report - Starting a New Business Chapter

This industry has high barriers to entry, largely due to enormous capital costs needed to operate a shipyard and construct a boat. Additionally, companies wishing to enter the industry must compete with incumbent operators that may already have established contracts and benefit from production efficiencies that give them a competitive edge. The competitive nature of this industry requires significant investment in R&D and leveraging the expertise of employees. Businesses wishing to enter the industry must keep up with existing R&D.

Companies differentiate themselves based on products, shipyard size, dry dock capacity, geography and service, all of which are factors that require significant capital costs... 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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