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

  • ID: 239596
  • Report
  • Region: United States
  • 38 pages
  • IBISWorld
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High seas: Cruise lines are expected to benefit from rising income and increased recreation expenditure

FEATURED COMPANIES

  • Carnival Corporation
  • MORE

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.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Carnival Corporation
  • MORE
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
Note: Product cover images may vary from those shown
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  • Carnival Corporation
  • Royal Caribbean Cruises Ltd.
  • Norwegian Cruise Line Holdings Ltd.
Note: Product cover images may vary from those shown
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