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Shipbuilding in Austria - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

AT-C3011 April 2024 Factsheet

Revenue

€7.8m

2019-2024 4.2 %
2024-2029 X.X %

Employees

32

2019-2024 0.0 %
2024-2029 X.X %

Businesses

2

2019-2024 0.0 %
2024-2029 X.X %

Wages

€XXX.Xk

2019-2024 X.X %
2024-2029 X.X %

Shipbuilding in Austria market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Austria compared to Europe?

Country Benchmarking

Industry Data Austria

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#29 In Europe
Business
#32 In Europe
Employees
#31 In Europe
Wages
#30 In Europe

View industry report for Europe

European shipbuilding has contended with fierce international competition from Asian shipyards, which has siphoned sales away from cargo shipbuilders and restricted revenue growth over the past decade. Further adding to the industry’s woes, the COVID-19 pandemic weighed heavily on demand as travel came to a standstill. In 2020, contracting levels at European yards were extremely low, with only 0.9 million compensated gross tonnage (mCGT) ordered, down 64% from 2019. The three EU countries with the most significant order books – Italy (through Fincantieri SpA), Germany and Finland – have suffered from weaker order volumes post-pandemic compared to China and South Korea; figures from SWZ Maritime show that in spring 2023, China and South Korea's global shipbuilding output accounted for 48.7 mCGT and 38.7 mCGT, respectively, compared with EU, Norway and the UK's collective output of 8.5 mCGT.

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Enterprises
Number of businesses in 2024

Biggest companies in the Shipbuilding in Austria

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Thyssenkrupp Marine Systems GmbH
1,945.3
84.6
4.3

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Top Questions Answered in this Report

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What is the market size of the Shipbuilding industry in Austria in 2024?

The market size of the Shipbuilding industry in Austria is €7.8m in 2024.

How many businesses are there in the Shipbuilding in Austria industry in 2024?

There are 2 businesses in the Shipbuilding industry in Austria, which has declined at a CAGR of 0.0 % between 2019 and 2024.

Has the Shipbuilding industry in Austria grown or declined over the past 5 years?

The market size of the Shipbuilding industry in Austria has been growing at a CAGR of 4.2 % between 2019 and 2024.

What is the forecast growth of the Shipbuilding industry in Austria over the next 5 years?

Over the next five years, the Shipbuilding industry in Austria is expected to grow.

What are the biggest companies in the Shipbuilding market in Austria?

The biggest company operating in the Shipbuilding market in Austria is Thyssenkrupp Marine Systems GmbH

What does the Shipbuilding in Austria include?

Passenger ship manufacturing and Military and other non-cargo carrying ship manufacturing are part of the Shipbuilding industry.

Which companies have the highest market share in the Shipbuilding in Austria?

The company holding the most market share in Austria is Thyssenkrupp Marine Systems GmbH.

How competitive is the Shipbuilding industry in Austria?

The level of competition is moderate and steady in the Shipbuilding industry in Austria.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in this industry build ships and boats and construct floating structures. The industry also includes ship rebuilding and overhauls. Industry participants don’t manufacture parts of vessels, other than major hull assemblies.

Related Terms

GeopoliticalRefittingOffshore VesselDredging

What's included in this industry?

Passenger ship manufacturingMilitary and other non-cargo carrying ship manufacturingRefitting and reconstructing vesselsCargo ship manufacturing

Companies

Thyssenkrupp Marine Systems GmbH

Industry Code

ISIC 2006

3011 - Building of ships and floating structures in Austria

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Shipbuilding in Austria industry?


Outlook

Analysis

What's driving the Shipbuilding in Austria industry outlook?


Volatility

Analysis

What influences volatility in the Shipbuilding in Austria industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Shipbuilding in Austria industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Europe specialises in passenger ship manufacturing. European shipbuilding has decoupled itself from the global shipbuilding market by successfully focusing on the healthier high-tech niche segments like cruise ships, ferries and other specialised non-cargo carrying vessels.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Shipbuilding in Austria industry's products and services performing?

Analysis

What are innovations in the Shipbuilding in Austria industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Shipbuilding in Austria industry?


International Trade

Highlights

  • Total Imports into Austria
  • Total Exports into Austria
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Intense import competition damages shipbuilders’ market share. Imports have taken up an increasing share of domestic demand, driven by the competitive advantages held by shipbuilders in China and South Korea, restricting growth prospects for European companies.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Shipbuilding in Austria located?

Companies

Data Tables

Top 1 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Shipyards must abide by health and safety regulations and adhere to global standards. European shipbuilders have to follow the International Convention for the Prevention of Pollution from Ships (MARPOL) and rules outlined by the Convention on the International Maritime Organisation.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Shipbuilding in Austria industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

A hike in the world price of steel damages profitability. As China has the lion’s share of steel production, global steel shortages have hurt European shipyards more than Asian shipyards, inflating purchase costs while reducing their international competitiveness.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Shipbuilding in Austria industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.