The Shipbuilding industry has grown over the past five years. Industry revenue is expected to expand at a compound annual rate of 1.4% over the five years through 2015-16 to reach £3.8 billion. Revenue is forecast to expand by 4.5% in the current year after declining in 2014-15 due to the completion of several projects, notably in military warship production. This segment is estimated to account for roughly 72% of industry revenue, so segment trends have a significant influence on the overall industry.
Companies in this industry build ships and boats, and construct floating structures. The industry does not include repair activities, but does include ship rebuilding and overhauls. Industry participants do not build ships used for sport or recreation and do not manufacture parts of vessels, other than major hull assemblies.
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.