Cleveland, OH, November 1, 2017 — 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.
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.
More information about the report is available at https://www.freedoniafocusreports.com/Shipbuilding-United-States-FF85020/.