Operators in the Global Ship and Boat Building industry have experienced a period of slow recovery over the past five years. The global recession negatively impacted demand for the industry's products, as slumps in consumer spending and corporate profit reduced global trade. However, the industry has slowly recovered from the economic downturn. IBISWorld expects that industry revenue will grow at an annualized rate of 0.4% to $266.2 billion in the five years to 2015, including a 0.1% increase in 2015.
Companies in this industry operate shipyards or boatyards. Shipyards are fixed facilities with dry docks and fabrication equipment capable of building ships, including barges, cargo ships, container ships, ferryboats, fishing boats, passenger ships, patrol boats and sailing ships. While ships are intended primarily for commercial use, boats are defined as watercraft typically suitable or intended for personal use and include cabin cruisers, dinghies, motorboats and rowboats.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.