Industry Analysis & Industry Trends
Head above water
The number of new players entering this mature industry is declining due to increases in concentration and the strong market position of overseas shipbuilders. Revenue growth will slow as orders made prior to the recession are completed; however, the ongoing availability of defense budgets will ensure the continuation of Navy shipbuilding and conversion. New cruise ships will help push future sales as older US passengers increasingly take to the seas... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Ship Building industry is in the mature phase of its industry life cycle. In recent years, the market share of the largest shipbuilders has increased due to exclusive contracts from the industry's most profitable market, the US government. Among commercial shipbuilders, the industry has experienced slowing market growth, as the product markets almost reach saturation. Consequently, the number of firms operating in this industry has fallen at an average annual rate of 0.9% to 567 in the five years to 2012. Such industry consolidation is a sign of the industry's maturity.
In the 10 years to 2017, industry value added (IVA), which measures the industry's contribution to the overall economy, is forecast to increase 0.3% annually, on average... purchase to read more