Revenue growth for the Ship Repairing and Conversion industry has been volatile in recent years. In 2010, industry revenue increased 25.3% but dropped 0.5% in 2011. Overall, industry revenue has been increasing at an annualized rate of 4.4% in the five years through 2015 to $16.2 billion.
Influenced by the continued downturn in the shipping market and the production capacity surplus in the industry due to the Euro debt crisis, the total number of ships repaired in decreased in 2011 and revenue dropped slightly. The shipping market was weak in 2011, but the world economy has been recovering, albeit slowly, in the past three years.
Businesses in the Ship Repairing and Conversion industry in China are primarily engaged in the conversion, dismantling and repair of metal and nonmetal ships, as well as the maintenance of shipyards. The repairing of pleasure craft and recreational boats is not included in this industry. Ship repairing and conversion are the industry's major service segments; ship dismantling accounts for only a small proportion of industry revenue.
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.