Staying afloat: Robust growth over the outlook period will be supported by manufacturing activity in Texas

Despite strong growth in the overall Texas economy, the Ocean and Coastal Transportation industry in Texas has experienced limited growth over the past five years as volatile fuel prices and mounting price competition have placed downward pressure on freight shipping rates. This trend has been exacerbated by an excess of cargo carrying capacity, which has forced carriers to reduce freight rates to remain competitive. Fortunately for industry operators, improving consumer conditions in Texas have stimulated consumer spending and manufacturing activity within the state, bolstering demand for the transportation of commercial goods and manufacturing inputs. Ultimately, industry revenue is estimated to increase over the five-year period...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
0.3%
Forecast Growth 17-22
Profit
Employment
2,880
Businesses
98
What Our Customers Say

Industry Threats & Opportunities

  • Despite strong growth in the overall Texas economy, this industry in Texas has experienced limited growth
  • Substantial shifts in the price of fuel can also have a significant impact on industry revenue
  • The recent repeal of legislation banning the export of US oil will benefit operators
  • Industry Report - Industry Locations Chapter

    Ocean and coastal transporters are almost exclusively located near major bodies of water, with coastal regions accounting for the vast majority of industry establishments. At the same time, several inland regions of Texas also contain significant numbers of industry establishments, as many ocean transportation companies maintain headquarters, warehouses and other facilities in these regions.The Gulf region's expansive coastline provides industry operators in the region with easy access to markets in Central and South America, as well as markets along the US eastern seaboard, causing the region to contain several of the state's busiest ports, including the Port of Houston, the Port of Texas City and the Port of Beaumont. Mor...purchase to read more.

    Additional Insights for the Ocean & Coastal Transportation in Texas Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Ocean & Coastal Transportation in Texas Industry are

  • Ability to accommodate environmental requirements
  • Rapid expansion and reduction of operations in line with demand
  • User- and consumer-friendly experiences
  • IBISWorld analysts also discuss how external factors such as Consumer Spending in Texas and Manufacturing GDP for Texas in the Ocean & Coastal Transportation in Texas industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What is the Ocean & Coastal Transportation in Texas Industry?

    This industry provides deep sea and coastal waterborne transportation services. Deep sea shipping activity primarily includes US-flagged vessels and nonUS-flagged vessels (operators must be primarily US-based) transporting cargo and passengers to and from foreign ports, while the industry’s coastal services are limited to coastal waters, the Great Lakes System and deep seas between US island possessions. Deep sea cruise line operations are included in this industry.

    Industry Products
  • Coastal freight transportation
  • Deep sea freight transportation
  • Passenger transportation and other services
  • Industry Activities
  • Deep sea freight transportation
  • Coastal freight transportation
  • Waterborne passenger transportation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer Spending in Texas
  • Manufacturing GDP for Texas
  • Total trade value
  • Annual Crude Oil Production in Texas
  • World price of crude oil

  • Current Performance
  • Headwinds for freight shippers
  • Improving economic conditions
  • Chart: Revenue Growth

  • Industry Outlook
  • Growing demand for freight shipping
  • Industry landscape
  • Table: Ocean & Coastal Transportation in Texas Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Ocean & Coastal Transportation in Texas Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Cotton Farming
  • Oil Drilling & Gas Extraction
  • Manufacturing
  • Wholesale Trade
  • Freight Forwarding Brokerages & Agencies

  • Key Selling Industries
  • Boat Building
  • Port & Harbor Operations
  • Ship Building
  • Tugboat & Shipping Navigational Services

  • Products & Services
  • Coastal freight transportation
  • Deep sea freight transportation
  • Passenger transportation and other services
  • Chart: Ocean & Coastal Transportation in Texas Industry Products and Services Segmentation

  • Major Markets
  • Domestic traders
  • Importers
  • Exporters
  • Chart: Major Market Segmentation for the Ocean & Coastal Transportation in Texas Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Ocean & Coastal Transportation in Texas

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Ocean & Coastal Transportation in Texas Industry

  • Mediterranean Shipping Company SASeaboard Corporation CMA CGM GroupHapag-Lloyd AGLinea Peninsular Inc.
  • Table: Mediterranean Shipping Company SA - financial performance
  • Table: Seaboard Corporation - financial performance
  • Table: CMA CGM Group - financial performance
  • Table: Hapag-Lloyd AG - financial performance
  • Table: Linea Peninsular Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Ocean & Coastal Transportation in Texas Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Ocean & Coastal Transportation in Texas Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Manufacturing GDP for Texas (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Conference
  • A route-specific agreement between carriers to charge common freight-rates; pool revenue, costs and profit; and engage in capacity management.
  • Containerized
  • To transport cargo by container.
  • Short-Sea Shipping
  • The movement of cargo and passengers by water between points situated close to one another.
  • Teu
  • TEU stands for twenty-foot equivalent unit, which is the standard size of a shipping container. TEU is commonly used as a unit of measurement for ship capacity.
  • Why buy this report?

    IBISWorld’s Ocean & Coastal Transportation in Texas Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Ocean & Coastal Transportation in Texas industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Ocean & Coastal Transportation in Texas:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Ocean & Coastal Transportation in Texas market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Ocean & Coastal Transportation in Texas, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear