Tow the line: Rising trade volumes have increased demand, pulling in revenue
The Navigation, Towage and Services to Water Transport industry is an integral part of the water transport sector. The industry provides various support services, including shipping agency services, towage, navigation, pilotage and lighterage. Industry revenue has grown in recent years, supported by rising trade volumes and a jump in service prices amid port congestions and supply chain disruptions caused by the COVID-19 pandemic. Overall, industrywide revenue has been growing at an annualised 1.6% over the past five years and is expected to total $3.8 billion in 2023-24, when revenue falls by an estimated 5.5%.
Industry firms primarily provide navigation, towage and other services to the water transport sector.
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.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Serco Group Pty Limited
- Svitzer Australia Pty Limited
Methodology
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