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Shipbuilding in Ireland - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

IE-C3011 April 2024 Factsheet

Revenue

€11.3m

2019-2024 5.9 %
2024-2029 X.X %

Employees

37

2019-2024 8.3 %
2024-2029 X.X %

Businesses

16

2019-2024 4.4 %
2024-2029 X.X %

Wages

€X.Xm

2019-2024 X.X %
2024-2029 X.X %

Shipbuilding in Ireland market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Ireland compared to Europe?

Country Benchmarking

Industry Data Ireland

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#28 In Europe
Business
#27 In Europe
Employees
#29 In Europe
Wages
#27 In Europe

The Shipbuilding in Ireland ranks 28 in Europe with regards to its 2024 revenue (€11.3m). Revenue received by operators in Ireland has been low in volatility over the past five-year period, with the average annual change in revenue (5.9 %) most comparable to...

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Enterprises
Number of businesses in 2024

Revenue per Enterprise
Value (€ Million) in 2024

Top Questions Answered in this Report

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What is the market size of the Shipbuilding industry in Ireland in 2024?

The market size of the Shipbuilding industry in Ireland is €11.3m in 2024.

How many businesses are there in the Shipbuilding in Ireland industry in 2024?

There are 16 businesses in the Shipbuilding industry in Ireland, which has declined at a CAGR of 4.4 % between 2019 and 2024.

Has the Shipbuilding industry in Ireland grown or declined over the past 5 years?

The market size of the Shipbuilding industry in Ireland has been growing at a CAGR of 5.9 % between 2019 and 2024.

What is the forecast growth of the Shipbuilding industry in Ireland over the next 5 years?

Over the next five years, the Shipbuilding industry in Ireland is expected to grow.

What does the Shipbuilding in Ireland include?

Passenger ship manufacturing and Military and other non-cargo carrying ship manufacturing are part of the Shipbuilding industry.

How competitive is the Shipbuilding industry in Ireland?

The level of competition is moderate and steady in the Shipbuilding industry in Ireland.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in this industry build ships and boats and construct floating structures. The industry also includes ship rebuilding and overhauls. Industry participants don’t manufacture parts of vessels, other than major hull assemblies.

What's included in this industry?

Passenger ship manufacturingMilitary and other non-cargo carrying ship manufacturingRefitting and reconstructing vesselsCargo ship manufacturing

Industry Code

ISIC 2006

3011 - Building of ships and floating structures in Ireland

Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Current Performance

Charts
  • Revenue in the Shipbuilding in Ireland
  • Employees in the Shipbuilding in Ireland
  • Business in the Shipbuilding in Ireland
  • Profit in the Shipbuilding in Ireland

Current Performance

Analysis

How does this country's performance compare to Europe?


Life Cycle

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

International Trade

Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power
ANALYSIS

What is the competitive landscape in Europe?

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Shipyards must abide by health and safety regulations and adhere to global standards. European shipbuilders have to follow the International Convention for the Prevention of Pollution from Ships (MARPOL) and rules outlined by the Convention on the International Maritime Organisation.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Shipbuilding in Ireland industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

A hike in the world price of steel damages profitability. As China has the lion’s share of steel production, global steel shortages have hurt European shipyards more than Asian shipyards, inflating purchase costs while reducing their international competitiveness.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Shipbuilding in Ireland industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.