Ocean & Coastal Transportation in the US - Industry Market Research Report

October 2021 •
43 pages •
Report ID: 499602 •
Format: PDF

Summary
Table of contents
Search Inside

Rocky seas: Ongoing coronavirus concerns aboard ships are expected to limit industry recovery

Abstract

Ocean & Coastal Transportation in the US
The Ocean and Coastal Transportation industry, which includes both cruise lines that transport passengers to vacation destinations and freight shippers that transport cargo to and from US ports, has experienced mixed demand conditions over the five years to 2019. While rising US trade activity bolstered industry revenue during the first half of the five-year period, overcapacity in the deep-sea freight shipping market has constrained industry growth in recent years. Over the five years to 2024, the industry’s cruise lines will continue to benefit from rising income levels and increased consumer spending on recreation. At the same time, increasing US trade activity is expected to generate substantial demand for industry freight transportation services, while rebounding oil prices will enable operators to earn additional revenue through fuel surcharges. However, industry revenue will continue to be tempered by the problem of overcapacity.

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.

Ahmad helps you find the right report:

+1 718 618 4302
Contact by email

FAQ

Testimonials

The market research advisor answered my questions quickly and professionally. ReportBuyer's team did their best to ensure that I felt comfortable before making the investment to purchase the report.

Cristian Nunez

Director of Corporate Development Chugach Alaska Corporation

My overall experience with ReportBuyer today has been very positive, and I must thank you for your patience (...). Also, the sample you sent me and the explanations provided were very helpful.

D. Lescuyer

Executive Vice President Oral Business at Skyepharma

The research specialist was very helpful, and proposed the best content for my needs. ReportBuyer also offered a great follow-up, thanks for everything !

P. Thompson

EMEA Managing Director

We were satisfied with the support that ReportBuyer's team provided. Thanks to their recommendations, the report we purchased provided exactly what we want.

Y. Wang

Business Analyst

We didn't have time to do the research internally, and thanks to ReportBuyer's team we were able to find the appropriate data.

S. Chen

Research Coordinator

I was impressed by the customer service: it was fast, responsive, and 100% professional !

D. Krivan

Market Research Analyst

The research specialist provided prompt and helpful service. He also followed up to ensure I had all the information to deliver my business development plan.

C. Adams

Senior Business Development Manager