Over the five years to 2018, the Global Military Shipbuilding and Submarines industry has slowly expanded, tempered by pressured defense spending in Europe and the United States during the initial half of the period. Western governments make up the largest market for industry operators, which design, build, repair, maintain and overhaul naval vessels ranging from aircraft carriers to submarines. However, as western governments dealt with the fiscal consequences of the global economic slowdown they in turn cut back on naval spending, which has only recently begun to recover. In particular, European states reduced spending on naval vessels as the full impact of slow economic growth and the Euro Crisis took their toll...purchase to read more.

Industry Statistics & Market Size
Revenue
$57bn
Annual Growth 13-18
0.5%
Forecast Growth 18-23
Profit
Employment
404,000
Businesses
3,097

Industry Report - Starting a New Business Chapter

The industry's barriers to entry are formidable as high start-up costs, from land acquisitions to investment in technology, make it difficult for new entrants. Entry is more possible in the auxiliary and parts manufacturing segments, though participants are subject to the requirements of the major players that outsource these activities and hence may be susceptible to lower margins and profit alongside intense competition from established suppliers.The industry requires skilled labor and is on the leading edge of technology, constantly striving to create new products and improve existing ones. The industry invests a great deal of time and money in research and development of naval products, and much of the work is performed by professional and related workers. In ...purchase to read more.

Additional Insights for the Global Military Shipbuilding & Submarines Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Global Military Shipbuilding & Submarines Industry are

  • Undertaking technical research and development
  • Ability to take advantage of government subsidies and other grants
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as GDP of the European Union and NATO defense spending in the Global Military Shipbuilding & Submarines industry impact industry performance..

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    What's in this report

    What is the Global Military Shipbuilding & Submarines Industry?

    Operators in this industry operate shipyards or boatyards. Shipyards are fixed facilities with dry docks and fabrication equipment capable of building a naval ship. These establishments manufacture frigates, destroyers, cruisers, amphibious transport ships, aircraft carriers, patrol ships and submarines. They also provide naval ship repair and conversion activities. Boat manufacturers build boats, cabin cruisers, dinghies, jet boats, patrol boats and rowboats for navies and coast guards.

    Industry Products
  • Surface vessels
  • Submarines
  • Repair, maintenance and overhaul services
  • Industry Activities
  • Frigate and cruiser fabrication
  • Aircraft carrier
  • Destroyer production
  • Attack submarine fabrication
  • Amphibious transport ship
  • Patrol boat fabrication
  • Repairing ships
  • Conversion and alteration of ships
  • prefabrication ship and barge sections
  • Specialized ship services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • GDP of the European Union
  • NATO defense spending
  • GDP of East Asia
  • World price of steel

  • Current Performance
    Duality of demandProfitability and industry structure
  • Chart: Revenue Growth

  • Industry Outlook
    Western nations' military spendingNon-NATO nations to drive industry growthProfitability and other trends
  • Table: Global Military Shipbuilding & Submarines Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Global Military Shipbuilding & Submarines Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Global Marine & Container Terminal Operation

  • Key Selling Industries
  • Global Alumina and Aluminum Production and Processing
  • Global Computer Hardware Manufacturing
  • Global Forestry
  • Global Iron and Steel Pipe and Tube Manufacturing
  • Other Global Manufacturing

  • Products & Services
  • Surface vessels
  • Repair, maintenance and overhaul services
  • Submarines
  • Chart: Global Military Shipbuilding & Submarines Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Other
  • The US military
  • China
  • Russia
  • Chart: Major Market Segmentation for the Global Military Shipbuilding & Submarines Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and rent and utilities
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Global Military Shipbuilding & Submarines

  • Basis of Competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Global Military Shipbuilding & Submarines Industry

  • Industry Globalization
    General Dynamics Corporation, Huntington Ingalls Industries Inc., United Shipbuilding Corp., Naval Group, BAE Systems plc,
  • Table: General Dynamics Corporation - financial performance
  • Table: Huntington Ingalls Industries Inc. - financial performance
  • Table: United Shipbuilding Corp. - financial performance
  • Table: Naval Group - financial performance
  • Table: BAE Systems plc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Global Military Shipbuilding & Submarines Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Global Military Shipbuilding & Submarines Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Non-NATO defense spending (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Blue Water Navy
  • A navy able to operate beyond its region on a sustained and large scale.
  • Frigate
  • A warship. In modern navies, frigates are used to protect other warships, especially as anti-submarine warfare combatants.
  • Littoral Combat
  • In military and naval warfare, this refers to operations in and around the littoral zone, within a certain distance of shore, including surveillance, mine-clearing and support.
  • Long Ton
  • Unit used to define the amount if water displaced by a vessel. One long ton is equal to 35 cubic feet of displaced water (of density 1.025 g/ml).
  • Submarine
  • A watercraft capable of independent operation below water. It differs from a submersible, which has only limited underwater capability.
  • Supercarrier
  • An informal term classifying aircraft carriers exceeding 70,000 long tons.
  • What Our Customers Say

    Why buy this report?

    The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Military Shipbuilding & Submarines global 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 focuses on industry performance in key regions around the world and identifies the leading companies globally.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Global Military Shipbuilding & Submarines:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Global Military Shipbuilding & Submarines market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Global Military Shipbuilding & Submarines, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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