Port & Harbor Operations in the US - Industry Market Research Report
Description
Port & Harbor Operations in the US
Port and harbor operators are crucial to trade for both US businesses and consumers. Operators provide docking, cargo unloading and loading services, arranging paperwork for shipments, connecting cargo with recipients and accommodating docked vessels. Demand for industry services comes from three downstream markets, importers, exporters and domestic transportation. Through the current period, demand has teetered. As global disruptions cleared up, imports began flooding the US markets again; however, at the same time, an appreciation of the US dollar has depressed demand from exporters. However, overall positive economic conditions across the US economy following COVID-19 have helped the operators offset falling exports. Another issue operators face is interest rate hikes, hikes that make it difficult for ports and harbors to expand operations and product offerings because financing these are too expensive for most companies. Despite the negative impact of interest rates and falling exports, revenue is expected to grow at a CAGR of 5.4% to $5.5 billion through the end of the period, with a 0.8% jump in 2023 alone, when profit is anticipated to reach 14.8%.
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.
Port and harbor operators are crucial to trade for both US businesses and consumers. Operators provide docking, cargo unloading and loading services, arranging paperwork for shipments, connecting cargo with recipients and accommodating docked vessels. Demand for industry services comes from three downstream markets, importers, exporters and domestic transportation. Through the current period, demand has teetered. As global disruptions cleared up, imports began flooding the US markets again; however, at the same time, an appreciation of the US dollar has depressed demand from exporters. However, overall positive economic conditions across the US economy following COVID-19 have helped the operators offset falling exports. Another issue operators face is interest rate hikes, hikes that make it difficult for ports and harbors to expand operations and product offerings because financing these are too expensive for most companies. Despite the negative impact of interest rates and falling exports, revenue is expected to grow at a CAGR of 5.4% to $5.5 billion through the end of the period, with a 0.8% jump in 2023 alone, when profit is anticipated to reach 14.8%.
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.
Table of Contents
52 Pages
- TABLE OF CONTENTS
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
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
