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          1. Shipbuilding & Repairing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 6/8/2020
            SIC Codes: 3731
            NAICS Codes: 336611
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Shipbuilding & Repairing Industry Profile

            Companies in this industry build and repair barges, cargo ships, naval vessels, and passenger ships, as well as platforms used for oil and gas drilling and production. Major companies include Huntington Ingalls and the shipbuilding division of General Dynamics (both based in the US), along with Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering, and Samsung Heavy Industries (all of South Korea); China Shipbuilding Industry Corporation (CSIC); China State Shipbuilding Corporation; and Mitsubishi Heavy Industries (Japan).

            Asian countries dominate the global shipbuilding industry, with South Korea, China, and Japan producing the vast majority of bulk carriers, containerships, oil tankers, and general cargo ships. Military vessels are a major product of the US shipbuilding industry.

            The US shipbuilding and repair industry includes about 600 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $23 billion.

            COMPETITIVE LANDSCAPE

            Demand for military shipbuilding is largely determined by military budgets. Commercial shipbuilding demand is determined by international and domestic trade, the health of the global economy, and rate of fleet replacement due to age or obsolescence. Small companies usually specialize in building and repair of small commercial vessels. Large companies tend to offer a wide range of building and repair services for both commercial and military vessels, and enjoy economies of scale in purchasing, design, and manufacturing. The US industry is highly concentrated: the largest 50 companies account for about 90% ...

             
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