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 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
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 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 2015, IBISWorld estimates that the largest three companies in the industry will account for 21.9% 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 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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