The US shipbuilding and repairing industry is expected to see a steady increase in gross output from 2024 to 2028, growing from $32.05 billion to $34.45 billion. This forecast suggests a year-on-year growth rate averaging around 2% over this period. In 2023, the industry's output stood at $31.5 billion, highlighting a consistent upward trend in the sector.

Future trends to watch include:

Increased adoption of advanced technologies such as automation and digitalization to enhance efficiency and competitiveness.
Growing demand for eco-friendly ship designs due to environmental regulations and sustainability trends.
Possible fluctuations in global trade dynamics impacting shipping demand and industry output.