Ship Building in Canada
The Ship Building industry in Canada has rapidly expanded over the past five years. Industry players build, modify, convert and repair ships, including warships, icebreakers, ferries and offshore platforms. Prior to 2013, Canadian shipbuilding was a troubled industry, competing with foreign builders while dealing with inconsistent domestic demand. In an effort to rebuild its navy and coast guard, the federal government launched the $38.0 billion National Shipbuilding Procurement Strategy (NSPS) in 2010, which effectively solved this problem. As NSPS-related ship construction ramps up, the industry will increase production. As a result, operators will expand facilities and hire more workers.
Companies in the industry build, repair, convert and alter ships in shipyards. Shipyards are fixed facilities with dry docks and fabrication equipment capable of building ships, defined as watercraft suitable or intended for purposes other than personal or recreational use. This does not include boat-building activities.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.