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Shipbuilding in the UK - Industry Market Research Report

Shipbuilding market in the United Kingdom to grow 2.7% CAGR between 2014-19

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2014-04-21 02:17:03 - Shipbuilding in the UK - Industry Market Research Report - a new market research report on

The Shipbuilding industry´s most important product segment is the manufacture of warships for military use. IBISWorld estimates that this broad segment accounts for 71.0% of industry revenue. New contracts from the Royal Navy have provided a boost to industry revenue over the past five years.

IBISWorld expects industry revenue to grow at a compound annual rate of 3.4% over the five years through 2013-14. The industry is projected to continue growing, with revenue rising by an estimated 0.6% in 2013-14 to reach £3.9 billion.

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