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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 | Mar 2017

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

The Ship Building market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
15.0%
Annual Growth 17-22
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Profit
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Employment
7,837
Businesses
181
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 Products Chapter

Repairing ships

Repairs to ships typically generate the majority of industry revenue. Repair work and maintenance is largely performed on a routine basis. Most maintenance is done when anchored in a port or off-site at the plant or facility of a repairer. Occasionally, repairs can be done midvoyage, during which crews are sent to ships on voyage in an effort to reduce vessel downtime. This segment's services range from pipes and metal fabrications to hydraulic and electrical repairs. Although still necessary for the industry because ships will always need some work, this segment has declined over the past five years as shipbuilding revenue has gone up. Naval maintenance, repair and overhaul accounts for an estimated 35.7% of industry revenue, with 22.9% c.. 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
Civil Shipbuilding Offshore Oil and Gas Structures and ComponentsCivil Repair and Maintenance ServicesNaval ShipbuildingNaval Repair and Maintenance Services
 
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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