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Shipbuilding and Repair Services in New Zealand Industry Data and Analysis
While the industry has seen volatile revenue conditions over the past five years, the overall trend has been positive. Revenue growth can be partly attributed to the increase in capital spending on defence, which has benefited industry services that cater to defence sectors. As part of the Defence Capability Plan 2019, the Central Government (Te Kawanatanga o Aotearoa) has earmarked significant funds for enhancing navy capabilities, benefiting industry services that provide maintenance and refitting for ships. Increasing international tourist arrivals and trade activity in the last five years have also been a boon for industry revenue, as more water transport and freight activity has spurred the need for ship repair and maintenance services. Strong defence spending and increased maritime activity from tourism and trade are expected to underpin an annualised growth rate of 3.1% over the past five years, and a growth of 0.2% from 2024-25, with industry revenue reaching $257.8 million in 2025-26.
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What's included in this industry analysis
IBISWorld's research coverage on the Shipbuilding and Repair Services industry in New Zealand includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.
About this industry
What's this industry report about?
The Shipbuilding and Repair Services industry in New Zealand operates under the ANZSIC industry code C2391NZ. Industry operators primarily manufacture or repair vessels with over 50 tonnes displacement. The industry also includes firms that manufacture major components for large vessels, as well as firms that engage in ship wrecking and hull cleaning. Related terms covered in the Shipbuilding and Repair Services industry in New Zealand include dry dock, mooring and hull.
What's included in this industry?
Products and services covered in Shipbuilding and Repair Services industry in New Zealand include Shipbuilding, Ship repair and maintenance and Other services.
What companies are included in this industry?
Companies covered in the Shipbuilding and Repair Services industry in New Zealand include Babcock (NZ).
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Shipbuilding and Repair Services industry in New Zealand.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Shipbuilding and Repair Services industry in New Zealand.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Shipbuilding and Repair Services industry in New Zealand.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Shipbuilding and Repair Services industry in New Zealand. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Shipbuilding and Repair Services industry in New Zealand. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Shipbuilding and Repair Services industry in New Zealand. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Shipbuilding and Repair Services industry in New Zealand. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Shipbuilding and Repair Services industry in New Zealand.
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Frequently Asked Questions
What is the market size of the Shipbuilding and Repair Services industry in New Zealand in 2026?
The market size of the Shipbuilding and Repair Services industry in New Zealand is $257.8m in 2026.
How many businesses are there in the Shipbuilding and Repair Services industry in New Zealand in 2025?
There are 40 businesses in the Shipbuilding and Repair Services industry in New Zealand, which has grown at a CAGR of 0.5 % between 2020 and 2025.
How may import tariffs affect the Shipbuilding and Repair Services industry in New Zealand?
The Shipbuilding and Repair Services industry in New Zealand is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Shipbuilding and Repair Services industry in New Zealand?
The Shipbuilding and Repair Services industry in New Zealand is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Shipbuilding and Repair Services industry in New Zealand grown or declined over the past 5 years?
The market size of the Shipbuilding and Repair Services industry in New Zealand has been growing at a CAGR of 3.1 % between 2020 and 2025.
What is the forecast growth of the Shipbuilding and Repair Services industry in New Zealand over the next 5 years?
Over the next five years, the Shipbuilding and Repair Services industry in New Zealand is expected to grow.
What are the biggest companies in the Shipbuilding and Repair Services industry in New Zealand?
The biggest company operating in the Shipbuilding and Repair Services industry in New Zealand is Babcock (NZ)
What does the Shipbuilding and Repair Services industry in New Zealand include?
Shipbuilding and Ship repair and maintenance are part of the Shipbuilding and Repair Services industry in New Zealand.
Which companies have the highest market share in the Shipbuilding and Repair Services industry in New Zealand?
The company holding the most market share in the Shipbuilding and Repair Services industry in New Zealand is Babcock (NZ).
How competitive is the Shipbuilding and Repair Services industry in New Zealand?
The level of competition is moderate and steady in the Shipbuilding and Repair Services industry in New Zealand.
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