US Shipbuilding Shipments to Reach $30.4 Billion in 2021

New Construction of Military Vessels and Barges to Drive Gains

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Nov 16, 2017, 13:00 ET

CLEVELAND, Nov. 16, 2017 /PRNewswire/ -- US shipbuilding shipments are forecast to reach $30.4 billion in 2021, according to Shipbuilding: United States, a report recently released by Freedonia Focus Reports. Replacement of an aging US fleet and the deployment of increasingly expensive ship technologies are expected to support advances.

More information about the report is available at https://www.freedoniafocusreports.com/Shipbuilding-United-States-FF85020/

Military self-propelled ship construction will remain the largest product segment over the forecast period. The US Navy's long term goal of expanding the size of the US Navy battle force to 355 ships – from 275 at the end of fiscal year 2016 – will underpin gains.

Production of nonpropelled ships at US shipyards is forecast expand at the fastest rate of any segment. Advances will be driven by increasing volumes of freight transport by barge due to rising demand for raw materials and intermediate goods as manufacturing activity expands.

These and other key insights are featured in Shipbuilding: United States. This report forecasts US shipbuilding shipments in nominal US dollars to 2021. Total shipments are segmented by type in terms of:

military self-propelled ship construction
military ship repair
nonpropelled ship construction
nonmilitary self-propelled ship construction
nonmilitary ship repair

To illustrate historical trends, total shipments, the various segments, and trade are provided in annual series from 2006 to 2016.

About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Industrials reports can be purchased at Freedonia Focus Reports or MarketResearch.com.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including: