Over the five years through 2014, the Ship Building industry in China has been growing at an annualized rate of 2.5% to $79.4 billion. This industry's activities are highly concentrated in Jiangsu, Zhejiang, Shandong and Shanghai. Foreign-owned enterprises generate 29.4% of industry revenue. The largest two shipbuilding groups, CSSC and CSIC, produce over 30.0% of domestic metal ships.
In 2013, the weak economy around the globe led to decreases in international trade. As such, industry exports declined. In 2013, the output volume of new ships fell 21.5% to 61.5 million tons. In 2014, the Ship Building industry in China has been slowly recovering.
Firms operating within the Ship Building industry in China primarily manufacture ships, ship bodies and boats from metals such as steel and aluminum. The ships and boats manufactured by this industry are intended for civil and military use, and exclude non-metal ships and boats for entertainment and sport. Ship repairing is included in the Ship Repairing and Conversion industry in China (IBISWorld industry report 3755).
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.