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US Shipbuilding Industry
Taiyou Research, Sep 2011, Pages: 115
Shipbuilding is one of the oldest industries in the United States. The industry has been a major provider for both military and commercial interests ever since it started out. Shipbuilding industry in the United States has been prospering after the economic meltdown with a registered growth rate of 5.6% per year and accounting for a staggering $17.6 billion output. New cruise ships will help push future sales as older US passengers increasingly take to the seas.
The US shipbuilding industry has built and continues to build a variety of merchant and military vessels. The numbers of vessels built in the different decades have not varied greatly. For merchant construction, however, the types of vessels have changed dramatically. The passenger and breakbulk cargo vessels are no longer built, other vessel types having replaced them, such as container, roll-on/roll-off, barge carrier and liquefied natural gas ships. Naval vessels have experienced changes within classes rather than changes in basic mission.
The number of new players entering this mature industry is declining due to rise in concentration and the strong market position of overseas shipbuilders. Also, a corporation can be a partner or a subcontractor to a supplier of defense on a project, while going head to head with another corporation for another contract, hence suggesting the cut-throat competition in the market.
In the United States, ship prices are determined in the long run by adding a profit to the estimated cost which will yield a return on the shipyard's invested capital equal to or greater than other alternative investment opportunities to the shipyard owner. Large variety of market segments and commercial and naval ship types combined with the limited number of units in a production run and rapidly changing ship procurement methods, makes the US shipbuilding industry different from foreign shipbuilding.
In this industry scenario, this report analyses the US Shipbuilding Industry. The report covers the following:
- A statistical analysis of the US shipbuilding industry is carried out.
- Analysis of the growth in US shipyard output, the construction market for military self-propelled ships, the market for the repair of military ships, the construction market of nonmilitary self-propelled ships, the market for repair of nonmilitary ships, and the construction market for nonpropelled ships.
- Industry trade, industry trends, and the industry structure are analyzed, along with an analysis of the technological developments in the industry.
- Major players are analyzed in this report through a company overview, analysis of business segments, presence in the market, and a SWOT analysis.
This report on the US Shipbuilding Industry is a comprehensive research offering on the industry.
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