Dry Docks & Cargo Inspection Services in the US
The Dry Docks and Cargo Inspection Services industry provides maintenance, cargo inspection and other support services to commercial and government watercrafts. Industry revenue is largely driven by the amount of goods entering and exiting domestic ports. In recent years, this industry has benefited from rising trade activity, which has been fueled by a recovering domestic economy and increasing levels of consumption and industrial production. Collectively, these factors have caused more cargo ships to be engaged in trade, increasing demand for ship repair and other industry services. Over the next five years, the industry is expected to continue to grow. However, the expansion of the Panama Canal and the proliferation of larger ships will provide a challenge to operators, as lagging infrastructure and lost revenue to competing ports in Mexico and Canada are expected to slow industry revenue growth moving forward.
This industry provides support services to water transportation industries including ship maintenance and repair, towing, cargo inspection and surveying. Shipbuilding and other manufacturing activities are not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.