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Ship Building in Ontario

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS ON33661aCA

Ship Building in Ontario industry analysis

Revenue for the Ship Building industry in Ontario is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has increased an annualized x.x% to xx locations over the past five years. Industry employment has increased an annualized x.x% to x,xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to xx locations over the next five years. Industry employment is expected to increase an annualized x.x% to x,xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Ship Building in Ontario Market Research Report

What’s Included in the Ship Building in Ontario Market Research Report

Definition of the Ship Building in Ontario?

Companies in the Ship Building industry in Canada build, repair, convert and modify ships in shipyards, including warships, icebreakers and ferries. Shipyards are fixed facilities with dry docks and fabrication equipment capable of building ships, defined as watercraft suitable or intended for purposes other than personal or recreational use. This does not include boat building activities.

What’s included in the Ship Building in Ontario?

The Ship Building in Ontario includes civil ship building, civil repair and maintenance services, offshore oil and gas structures and components, naval ship building and naval repair and maintenance services. Related terms covered in the Ship Building in Ontario industry report includes a flat-bottomed boat that is built mainly for river and canal transportation of heavy goods, a fixed facility with dry docks and fabrication equipment capable of building a ship and a ship between 55,000 dwt and 80,000 dwt, the largest ship capable of navigating in the panama canal.

Industry Performance of the Ship Building industry in Ontario

Benchmark the Ship Building in Ontario industry performance with all ON Census Metropolitan Area and national performance.

Ship Building in Ontario

#2 in Highest Revenue 17.6% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Ship Building in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Ship Building industry in Ontario

See how key industry drivers, such as gross domestic product, private investment in non-residential construction, bachelorsed, government funding for defense, total value of world trade and government consumption and investment are impacting Ship Building in Ontario

Ontario Economic Indicators

Gross Domestic Product
Private Investment in Non-Residential Construction
BachelorsEd

View more economic information in ON State Economic profile

Canada Key External Drivers

Government funding for defense
Total value of world trade
Government consumption and investment

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Ship Building industry in Ontario

Access proprietary data on Census Metropolitan Area in the Ship Building in Ontario, such as Toronto, Hamilton and Kingston. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Ship Building industry in Ontario

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Ship Building industry in Ontario in 2025?

The market size of the Ship Building industry in Ontario is $537.1m in 2025.

How many businesses are there in the Ship Building industry in Ontario in 2025?

There are 59 businesses in the Ship Building industry in Ontario, which has been growing at an average annual rate of 8.6% from 2020 to 2025.

Has the Ship Building industry in Ontario grown or declined over the past 5 years?

The market size of the Ship Building industry in Ontario has been growing at an average annual rate of 1.8% from 2020 to 2025.

How many employees in the Ship Building industry in Ontario in 2025?

There are 1,460 employees in the Ship Building industry in Ontario, which has been growing at an average annual rate of 6.1% from 2020 to 2025.