Ocean & Coastal Transportation in the US - Industry Market Research Report
Description
Ocean & Coastal Transportation in the US
Ocean and coastal transportation includes cruise lines and freight carriers transporting people and cargo to and from US ports. The industry has experienced varied conditions in recent years. Rising US trade activity between 2017 and 2019 bolstered industry revenue, but overcapacity in the deep-sea freight shipping market limited growth. Still, revenue has been buoyed by the cruise segment, which has grown as demand and rising disposable income enabled consumers to spend more on discretionary items and services. Record-high revenue growth was achieved soon after the CDC lifted pandemic-related restrictions. Overall, industry revenue has been positive in four of the last five years, with a steep 2020 revenue decline outweighing growth. Ocean and coastal transportation revenue has decreased at a CAGR of 0.6% to $45.7 billion through the end of 2023, including a 10.2% increase in 2023 alone.
This industry provides deep-sea, coastal, Great Lakes and St. Lawrence Seaway water transportation. Deep-sea shipping activity includes US-flagged vessels and non-US-flagged vessels (operators must be primarily US-based). Marine transportation establishments that use the St. Lawrence River are considered a part of the Great Lakes Water Transportation System and are thus included in this report. This industry also includes deep-sea passenger transportation, such as cruise ships.
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.
Ocean and coastal transportation includes cruise lines and freight carriers transporting people and cargo to and from US ports. The industry has experienced varied conditions in recent years. Rising US trade activity between 2017 and 2019 bolstered industry revenue, but overcapacity in the deep-sea freight shipping market limited growth. Still, revenue has been buoyed by the cruise segment, which has grown as demand and rising disposable income enabled consumers to spend more on discretionary items and services. Record-high revenue growth was achieved soon after the CDC lifted pandemic-related restrictions. Overall, industry revenue has been positive in four of the last five years, with a steep 2020 revenue decline outweighing growth. Ocean and coastal transportation revenue has decreased at a CAGR of 0.6% to $45.7 billion through the end of 2023, including a 10.2% increase in 2023 alone.
This industry provides deep-sea, coastal, Great Lakes and St. Lawrence Seaway water transportation. Deep-sea shipping activity includes US-flagged vessels and non-US-flagged vessels (operators must be primarily US-based). Marine transportation establishments that use the St. Lawrence River are considered a part of the Great Lakes Water Transportation System and are thus included in this report. This industry also includes deep-sea passenger transportation, such as cruise ships.
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.
Table of Contents
47 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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