Stevedoring & Marine Cargo Handling in the US - Industry Market Research Report

Stevedoring & Marine Cargo Handling in the US - Industry Market Research Report

  • June 2019 •
  • 35 pages •
  • Report ID: 184469 •
  • Format: PDF
Choppy waters: Despite rising revenue, the growing popularity of large-scale cargo vessels will constrain growth

Abstract

Stevedoring & Marine Cargo Handling in the US
Operators in the Stevedoring and Marine Cargo Handling industry primarily load and unload cargo for waterborne transporters. International imports and exports account for the majority of waterborne cargo transportation. As a result, industry performance closely mirrors US trade volumes. Over the five years to 2019, rising consumer spending and industrial production levels have caused the volume of goods transported through US ports to rise, stimulating demand. However, the industry also contended with sharp declines in the price of crude oil, which reduced shipping rates and constrained industry fees over the years that followed. Overall, positive conditions have encouraged US consumers to increase spending on domestic and foreign goods. During the current period, industry revenue is anticipated to increase. Over the five years to 2024, industry revenue is forecast to continue to rise, as rising trade volumes and consumer spending bolster demand for industry services.

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.
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