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Tugboat & Shipping Navigational Services in the US
IBISWorld, Aug 2011, Pages: 29
All in the same boat: Increased trade volumes will tug along industry revenue growth
Tugboat & Shipping Navigational Services in the US
Swell of trade rolls in
The recession created waves in the industry over the past five years, with volatile revenue increases and decreases. The global economic recovery, however, should increase trade volumes in the future, which will consequently drive up demand for the industry services. On the other hand, rising oil prices will place downward pressure on revenue and profit.
Companies in this industry provide navigational services that ensure the safe passage of ships in and out of harbors. Such services mainly involve docking and piloting marine vessels. Marine salvage services, which involve the retrieval of cargo or vessels following marine accident, are also included in this industry.
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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