Revenue growth for the Ship Repairing and Conversion industry has been volatile in recent years. Overall, industry revenue has been increasing at an annualized rate of 5.3% in the five years through 2018 to $19.6 billion.Influenced by the continued downturn in the shipping market and the production capacity surplus in the industry due to the Euro debt crisis, the shipping market was weak in 2011. Since then, the world economy has been recovering, albeit slowly, and industry enterprises have been increasing investment in technology research and development, upgrading services and technology, reducing production costs, and improving product and service quality, all of which have stimulated the industry revenue growth...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Report - Industry Analysis Chapter

Major services provided by the Ship Repairing and Conversion industry include the repairing, conversion and dismantling of various ships. Demand for these services is mainly generated by international trade, increasing waterway logistics demand and berthing capacity, as well as the development of China's Ship Building industry (IBISWorld industry report 3751).The development of the Ship Repairing and Conversion industry lags the development of the upstream Ship Building industry. As a result, ship repairers and converters are still feeling the effects of the downturn in the Ship Building industry due to the global economic recession. In 2012, the performance of the Ship Repairing and Conversion industry in China was weak, with revenue growing just 4.8%. In ...purchase to read more.

Additional Insights for the Ship Repairing and Conversion Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Ship Repairing and Conversion Industry are

  • Experienced work force
  • Company's product has low running costs
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Total value of world trade and Growth (GDP) & Inflation - World in the Ship Repairing and Conversion industry impact industry performance..

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    What's in this report

    What is the Ship Repairing and Conversion Industry?

    Businesses in the Ship Repairing and Conversion industry in China are primarily engaged in the conversion, dismantling and repair of metal and nonmetal ships, as well as the maintenance of shipyards. The repairing of pleasure craft and recreational boats is not included in this industry. Ship repairing and conversion are the industry's major service segments; ship dismantling accounts for only a small proportion of industry revenue.

    Industry Products
  • Ship repairing
  • Ship conversion
  • Ship dismantling
  • Industry Activities
  • Ship repairing
  • Ship conversion
  • Ship dismantling
  • Shipyard maintenance
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total value of world trade
  • Growth (GDP) & Inflation - World
  • Substitutes Competition
  • Domestic Goods Prices - Metals - Steel

  • Current Performance
    Industry trendsCompetitionProfitability
  • Chart: Revenue Growth

  • Industry Outlook
    Concentration and competition
  • Table: Ship Repairing and Conversion Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Ship Repairing and Conversion Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Ship Building
  • Freight Transport by Sea

  • Key Selling Industries
  • Aluminum Smelting
  • Iron and Steel Smelting
  • Paint Manufacturing
  • Steel Rolling

  • Products & Services
  • Ship repairing
  • Ship conversion
  • Ship dismantling
  • Chart: Ship Repairing and Conversion Industry Products and Services Segmentation

  • Demand Determinants
  • China's total goods trade
  • Waterway logistics demand
  • Berthing capacity
  • Repair prices
  • Development of China's shipbuilding industry

  • Major Markets
  • Foreign shipping companies
  • Domestic shipping companies
  • Chart: Major Market Segmentation for the Ship Repairing and Conversion Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Chart: Cost Structure Benchmarking – Sector vs Ship Repairing and Conversion

  • Basis of Competition
  • Price
  • Location
  • Berthing capacity
  • Repair period
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Ship Repairing and Conversion Industry

  • Industry Globalization
    China COSCO Shipping Corporation Ltd., China State Shipbuilding Corporation, China Shipbuilding Industry Corporation, Huarun Dadong Dockyard Co., Ltd.,
  • Table: China COSCO Shipping Corporation Ltd. - financial performance
  • Table: China State Shipbuilding Corporation - financial performance
  • Table: China Shipbuilding Industry Corporation - financial performance
  • Table: Huarun Dadong Dockyard Co., Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Ship Repairing and Conversion 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 Ship Repairing and Conversion Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Total Assets (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Deadweight Tonnage (Dwt)
  • The weight a ship is carrying or can safely carry.
  • Hulks
  • Ships that are afloat but are not capable of going to sea.
  • Ship Conversion
  • Conversion of a ship from one type to another, for example, from a very large crude carrier (VLCC) to a very large ore carrier (VLOC).
  • Ship Dismantling
  • A type of ship disposal involving the breaking up of ships for scrap recycling.
  • What Our Customers Say

    Why buy this report?

    The Ship Repairing and Conversion market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
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    This report on Ship Repairing and Conversion:
    • 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 Ship Repairing and Conversion 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 Ship Repairing and Conversion, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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