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