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Ship Building in the US: Market Research Report

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

Ship Building Market Research Report | NAICS 33661a | Jun 2016

Staying afloat: Despite a decline in orders, military shipbuilding and modernization will bolster revenue

The Ship Building 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.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • The Pentagon’s increased emphasis on maritime operations is anticipated to lead to steady demand for new naval vessels
  • Due to the industry’s lack of competitiveness, exports are insignificant
  • Demand from the US Navy will remain essential for industry growth
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Industry Analysis & Industry Trends

Over the past five years, the Ship Building industry has slowly sailed rough seas as demand from the military and commercial markets fluctuated. As a result of pressured military funding and recession-induced commercial backlog decline, demand for shipbuilding declined in the early part of the five-year period. However, the boom in US oil and natural gas production has recently led to a surge in demand for energy-related vessels. Over the next five years, the industry is anticipated to catch more wind from renewed funding for military ships and continued demand for energy industry-related vessels. As the US Navy attempts to meets its objective of creating a fleet to meet the challenges of the coming years, demand for new naval vessels will rise... ... purchase to read more

Industry Report - Industry Investment Chapter

The shipbuilding industry exhibits a low, nearly moderate, level of capital intensity. In 2015, for every dollar industry players spend on labor, $0.11 will be allocated towards capital. In general, industry capital costs are very high. Operators have to invest in shipyards, fabrication plants and other relevant facilities, as well as large shipbuilding equipment. However, most of these costs are initial expenses and are depreciated over long periods of time. Moreover, most of the shipyards in the United States were built a long time ago and only incur capital costs upon expansion and upgrades. At the same time, the high initial costs keep new players from emerging, thereby further reducing capital spending.

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Additional Insights for the Ship Building Industry

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

  • Financial structure of the company
  • Undertaking technical research and development
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Federal funding for defense and Price of steel in the Ship Building industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Ship Building Industry?

    Shipbuilders operate shipyards, which are fixed facilities with dry docks and fabrication equipment capable of building a ship. A ship is defined as watercraft typically suitable or intended for use other than for personal or recreational purposes. Shipyard activities include ship construction, repair, conversion and alteration; the production of prefabricated ship and barge sections; and specialized services, such as ship scaling.

    Industry Products
    Military shipbuildingNonmilitary shipbuilding and repairMilitary ship repair
    Industry Activities
    Building barges Building cargo shipsBuilding passenger shipsBuilding submarinesBuilding drilling and production platforms Repairing shipsConverting or altering ships Producing prefabrication ship and barge sections Building military ships

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Federal funding for defense
  • Price of steel
  • US oil and gas production index
  • Consumer spending
  • Current Performance
  • Military dominance
  • The commercial market and trade
  • Competitiveness and profitability
  • Chart: Revenue Growth
  • Industry Outlook
  • Government demand remains crucial
  • Commercial market sails slowly
  • Other trends
  • Table: Ship Building Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Ship Building Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Oil Drilling & Gas Extraction
  • Iron Ore Mining
  • Ocean & Coastal Transportation
  • Port & Harbor Operations
  • Stevedoring & Marine Cargo Handling
  • National Security and International Affairs
  • Sightseeing Transportation
  • Key Selling Industries
  • Aluminum Manufacturing
  • Engine & Turbine Manufacturing
  • Hardware Manufacturing
  • Metal Pipe & Tube Manufacturing
  • Navigational Instrument Manufacturing
  • Paint Manufacturing
  • Screw, Nut & Bolt Manufacturing
  • Steel Rolling & Drawing
  • Products & Services
  • Military shipbuilding
  • Military ship repair
  • Nonmilitary shipbuilding and repair
  • Chart: Ship Building Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • US government
  • US commercial shipping clients
  • Exports
  • Chart: Major Market Segmentation for the Ship Building Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent, utilities, depreciation and marketing
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Ship Building
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Ship Building Industry
  • Industry Globalization
    Major Companies
    General Dynamics Corp.
    Huntington Ingalls Industries Inc.
    BAE Systems
  • Table: General Dynamics Corp. - financial performance
  • Table: Huntington Ingalls Industries Inc. - financial performance
  • Table: BAE Systems - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Ship Building Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Ship Building Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Federal Funding for Defense (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
  • A flat-bottomed boat that is built mainly for river and canal transport of heavy goods.
  • Dry Dock
  • A narrow basin that allows a vessel to be floated in and is then drained to allow the vessel to come to rest on a dry supported platform.
  • Shipyard
  • A fixed facility with dry docks and fabrication equipment capable of building a ship.

  • Why Buy this Report?
    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 Ship Building:
    • 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 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 Building 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 Building, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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