Over the past five years, the Ship Building industry encountered rough seas as demand began to fluctuate. Despite the recession, the industry was initially able continue growing as strong demand from the US Navy and long project lead times kept shipyards busy. However, the recession did reduce commercial order books, eventually translating into reduced work in subsequent years. Over the next five years, however, the industry is anticipated to catch more wind from renewed funding for military ships and continued demand for energy industry related vessels.
Shipbuilders operate shipyards, which are fixed facilities with dry docks and fabrication equipment capable of building a ship. A ship is defined as watercraft typically suitable or intended for use other than for personal or recreational purposes. Shipyard activities include ship construction, repair, conversion and alteration; the production of prefabricated ship and barge sections; and specialized services, such as ship scaling.
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.