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Shipbuilding in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Shipbuilding Market Research Report | SIC C30.110 | Feb 2017

The rising tide: A rise in government defence spending boosts demand from the military

IBISWorld’s Shipbuilding market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Babcock International Group plc Babcock International Group plc market share
BAE Systems plc BAE Systems plc market share
Industry Statistics & Market Size
Revenue
£4bn
Annual Growth 12-17
5.0%
Annual Growth 17-22
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Profit
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Employment
23,666
Businesses
454
Industry Analysis & Industry Trends

The Shipbuilding industry has grown over the past five years. Industry revenue is expected to rise at a compound annual rate of 5% over the five years through 2016-17 to £4.5 billion. Revenue is forecast to expand by 4% in 2016-17 as a result of a rise in government defence spending boosting demand from the industry’s biggest market, military vessel production. An anticipated rise in exports and slowdown in import competition due to the depreciation of the pound are also expected to slightly boost revenue.

Import competition in the passenger ship segment has remained intense in recent years, although imports have remained volatile while exports risen strongly over the past five years. A... purchase to read more

Industry Report - Industry Analysis Chapter

The Shipbuilding industry builds military vessels, passenger ships, cargo ships and various other ships and floating structures. Demand for new ships is influenced by passenger travel on cruise ships and ferries, freight shipping volumes and demand from the military. Import competition negatively affects demand for some industry products, particularly passenger and cargo ships. The industry has grown over the past five years, largely driven by a number of lucrative contracts for the Royal Navy. Industry revenue is expected to expand at a compound annual rate of 5% over the five years through 2016-17 to total £4.5 billion. Rev.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Shipbuilding 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.

Industry Products
Passenger and cargo vesselsOther vesselsWarshipsFloating structures
 
Industry Activities
Passenger and cargo vessel constructionFerry boatWarshipFishing boat and fish-processing factory vesselFloating or submersible drilling platform buildingFloating structure constructionFabricating sections for ships and floating structuresLifeboat


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