Ship Building and Repairing - Market Size, Financial Statistics, Industry Trends

Industry Overview

This U.S. industry comprises establishments primarily engaged in operating shipyards. Shipyards are fixed facilities with drydocks and fabrication equipment capable of building a ship, defined as watercraft typically suitable or intended for other than personal or recreational use. Activities of shipyards include the construction of ships, their repair, conversion and alteration, the production of prefabricated ship and barge sections, and specialized services, such as ship scaling. Illustrative Examples: Barge building Cargo ship building Drilling and production platforms, floating, oil and gas, building Passenger ship building Submarine building Yachts built in shipyards Cross-References. Establishments primarily engaged in--
Source: U.S. Census Bureau

Ship Building and Repairing Market Size

This report includes historical and forecasted market sizes and industry trends for Ship Building and Repairing. It reveals overall market dynamics from 2020 through the present, and predicts industry growth or shrinkage through 2030. Revenue data include both public and private companies in the Ship Building and Repairing industry.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)	Included in Report
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Pell Research's advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size statistics include revenue generated from all products and services sold within the Ship Building and Repairing industry.

Geographic Breakdown by U.S. State

Ship Building and Repairing market share by state pinpoints local opportunities based on regional revenue statistics. Growth rate for each state is affected by regional economic conditions. Data by state can be used to locate profitable and nonprofitable locations for Ship Building and Repairing companies in the United States.

Distribution by Company Size

Company Size	All Industries	Ship Building and Repairing
Small Business (< 5 Employees)	Included
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" Ship Building and Repairing company (both public and private companies are included).

	Industry Average	Percent of Sales
Total Revenue	Included
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios	Included
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Products and Services Mix

Product lines and services in the Ship Building and Repairing industry accounting for the largest revenue sources.

Product Description	Description	Revenue ($ Millions)
Ship building and repairing	Included
Ships, barges, and platforms, nonpropelled, new construction
Ships, self-propelled, military, new construction
Ships, self-propelled, nonmillitary, new construction
Yachts, self-prop, nonmil, >= 65 ft (req prof. crew), new const.
Commer. fish trawlers/ vessels (self-prop., nonmil., new const.)
Tugboats/towboats, self-propelled, nonmilitary, new const.
Ferryboats, self-propelled, nonmilitary, new construction
Sup. vessels, offshore drill/mine, self-prop, nonmil, new const
Ships, other types, self-propelled, nonmilitary, new const.

Compensation and Salary Surveys

Salary information for employees working in the Ship Building and Repairing industry.

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	4%	Included
Chief Executives	0%
General and Operations Managers	1%
Architecture and Engineering Occupations	11%
Engineers	8%
Office and Administrative Support Occupations	7%
Construction and Extraction Occupations	15%
Construction Trades Workers	13%
Installation, Maintenance, and Repair Occupations	7%
Production Occupations	46%
Assemblers and Fabricators	16%
Miscellaneous Assemblers and Fabricators	12%
Fiberglass Laminators and Fabricators	6%
Assemblers and Fabricators, All Other, Including Team Assemblers	6%
Metal Workers and Plastic Workers	16%
Welding, Soldering, and Brazing Workers	10%
Welders, Cutters, Solderers, and Brazers	9%
Other Production Occupations	7%

Government Contracts

The federal government spent an annual total of $15,794,261,119 on the Ship Building and Repairing industry. It has awarded 23,028 contracts to 1,040 companies, with an average value of $15,186,790 per company.

Top Companies in Ship Building and Repairing and Adjacent Industries

Company	Address	Revenue ($ Millions)
Included