Port & Harbor Operations in the US
Operators in the Port and Harbor Operations industry are critical for the exchange and movement of goods. Industry demand has increased over the five years to 2018, as improving economic conditions have enabled international trade activity to surge while overall consumer spending has grown, generating significant demand for port and harbor services. The amount of goods entering and leaving ports across the nation drives industry revenue. Rising demand for commodities, especially from emerging markets like China, have particularly dictated industry performance over the past five years. Over the five years to 2023, industry operators are projected to experience steady revenue growth as rising trade volumes, growing levels of US disposable income and increasing consumer spending continue to bolster demand for industry services.
Companies in this industry operate ports, harbors (including docking and pier facilities) or canals. The main activities of this industry include loading and unloading cargo from ships, operating lighthouses, arranging paperwork for incoming shipments, operating computer systems to connect cargo with recipients and providing accommodations to docked vessels.
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.