Stevedoring & Marine Cargo Handling in the US
Over the past five years, rising levels of domestic consumer spending and industrial production have caused the volume of goods transported through US ports to rise, stimulating demand for industry services. Consequently, industry revenue is estimated to increase at an annualized rate of 3.0% to $11.4 billion over the five years to 2018, including expected growth of 3.1% in 2018 alone. The five years to 2023 are currently estimated to be a period of smooth sailing for the industry, as rising trade volumes and consumer spending bolster demand for industry services. However, in 2016, the Panama Canal expansion was completed, doubling the canal's vessel capacity and clearing a path for larger cargo ships to dominate waterborne trade.
Companies in this industry provide stevedoring and other marine cargo handling services. A stevedore is a company or individual that is usually contracted by an agent to load and unload cargo from a ship in port.
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.