Industry Analysis & Industry Trends
The Shipbuilding industry specialises in building warships. IBISWorld estimates that this broad segment accounts for 68.2% 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 by 9.8% per annum over the five years through 2011-12. The industry is expected to have flat growth in 2011-12, with revenue remaining at £3.0 billion.
Import competition is a key feature of this industry. Although imports account for a relatively low 8.7% of domestic demand, the value of imports grew strongly over the past five years... purchase to read more
Industry Report - Industry Products Chapter
The industry builds military and commercial ships. The major products manufactured by the industry are warships and floating structures such as rafts, tanks, cofferdams, landing stages and buoys. These are large-scale products.
Warships include a range of surface ships such as aircraft carriers, assault ships, frigates, destroyers and patrol ships. These ships account for the largest share of industry revenue. BAE Systems and Babcock International are heavily involved in this segment, building ships for the Royal Navy and Ministry of Defence. Warships have increased as a share of revenue over the past five years as the Royal Navy embarked on a series of projects to improve its fleet and enhance capabilities... purchase to read more