Industry Analysis & Industry Trends
The Shipbuilding industry specialises in building warships. IBISWorld estimates that this broad segment accounts for 68% of industry revenue. New contracts from the Royal Navy have provided a boost to industry revenue over the past five years. IBISWorld estimates that industry revenue will grow at a compound annual rate of 2.9% over the five years through 2012-13. The industry is expected to continue growing, with revenue rising by 1.0% in 2012-13 to reach £3.15 billion.
Import competition is a key feature of this industry. Although imports account for a relatively low 8.8% of domestic demand, the value of imports has remained strong over the past five years... purchase to read more
Industry Report - Industry Analysis Chapter
The Shipbuilding industry builds cruise ships, military vessels and cargo ships. The range of factors that influence demand for new ships include demand for passenger travel on cruise ships and ferries, demand from freight shipping and government defence spending. Import competition is one factor that negatively affects demand for some industry products. Industry revenue is expected to have grown 1.0% in 2012-13, to reach £3.15 billion. This performance will follow a period of volatile growth. Industry revenue is estimated to have grown at a compound annual rate of 2.9% over the five years through 2012-13.
The majority of industry products are made for the military... purchase to read more