Precious cargo: Improvements in port infrastructure will buoy industry demand

IBISWorld’s Dry Docks & Cargo Inspection Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.


Industry Threats & Opportunities

  • Increased waterway trade will boost demand for industry services
  • Competition is increasing from nearby ports in Canada and Mexico
  • The industry will benefit from economic recovery, increased trade and Atlantic Coast port development

  • shopping_cartBUY NOW TO READ MORE

    Industry Analysis & Industry Trends

    The Dry Docks and Cargo Inspection Services industry provides maintenance, cargo inspection and other support services to commercial and government watercraft. In recent years, this industry has benefited from rising trade activity, which has been fueled by a recovering domestic economy and increasing levels of consumption and industrial production. Collectively, these factors have caused more cargo ships to be engaged in trade, increasing demand for ship repair and other industry services. Industry revenue is largely driven by the amount of goods entering and exiting domestic ports. In recent years, figures for US consumer spending and US industrial production have experienced consistent growth...

    shopping_cartBUY NOW TO READ MORE

    Industry Report - Industry SWOT Analysis Chapter

    The Dry Docks and Cargo Inspection Services industry is in the mature stage of its life cycle, which is illustrated by a slowdown in technological innovation and full market acceptance of industry services. Additionally, this industry is expected to grow at roughly the same rate as the overall US economy in coming years. Over the 10 years to 2021, the industry's contribution to the overall economy, measured by industry value added (IVA), is expected to increase at an annualized rate of 1.7%. Comparatively, GDP is expected to grow at an annualized rate of 2.0% during the same period. The similarity between these growth rates is a reflection of the industry's status as a mature industry.


    shopping_cartBUY NOW TO READ MORE

    Additional Insights for the Dry Docks & Cargo Inspection Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Dry Docks & Cargo Inspection Services Industry are

  • Provision of development programs for personnel
  • Access to multi-skilled and flexible workforce
  • Having links with suppliers
  • IBISWorld analysts also discuss how external factors such as Total trade value and Industrial production index in the Dry Docks & Cargo Inspection Services industry impact industry performance..

    shopping_cartBUY NOW TO READ MORE

    Look under the hood?

    Download a FREE sample report

    Industry Products

    What is the Dry Docks & Cargo Inspection Services Industry?

    This industry provides support services to water transportation industries including ship maintenance and repair, towing, cargo inspection and surveying. Shipbuilding and other manufacturing activities are not included in this industry.

    Industry Products
    Repairs from floating dry docks
    Repairs from graving dry docks
    Transportation and towing services
    Industry Activities
    Ship repair and maintenance
    Marine cargo checks and surveys
    Transportation and towing services
    Ship scaling

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Total trade value
  • Industrial production index
  • Consumer spending
  • Federal funding for defense
  • Demand from water transportation
  • World price of crude oil

  • Current Performance
  • Repairing profit
  • Smaller budgets, larger ships
  • Limited market growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Improving economic climate
  • Trade developments
  • Table: Dry Docks & Cargo Inspection Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Dry Docks & Cargo Inspection Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Ocean & Coastal Transportation
  • Finance and Insurance

  • Key Selling Industries
  • Port & Harbor Operations
  • Ship Building

  • Products & Services
  • Repairs from floating dry docks
  • Repairs from graving dry docks
  • Transportation and towing services
  • Other
  • Chart: Dry Docks & Cargo Inspection Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Cargo ships 5,100 TEU and under
  • Government
  • Cruise ships and other passenger vessels
  • Cargo ships 5,100 and over
  • Other
  • Chart: Major Market Segmentation for the Dry Docks & Cargo Inspection Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationRent and other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Dry Docks & Cargo Inspection Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Dry Docks & Cargo Inspection Services Industry

  • Industry Globalization
    Major Companies
    Intertek Group PLCHuntington Ingalls IndustriesBAE Systems PLC
  • Table: Intertek Group PLC - financial performance
  • Table: Huntington Ingalls Industries - financial performance
  • Table: BAE Systems PLC - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Dry Docks & Cargo Inspection Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Dry Docks & Cargo Inspection Services Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Total trade value (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
  • Most ships are equipped with a ballast tank, a compartment within the ship that holds water. As the ship moves, water flows in and out of the tank, improving the ship's balance and stability.
  • Floating Dry Dock
  • A type of transportable dry dock used for the construction, maintenance and repair of watercraft by submerging under the vessel and subsequently rising, lifting the boat out of the water for repairs.
  • Graving Dry Dock
  • A basin in shipyards, used for the construction, maintenance, and repair of ships, boats and other watercraft by filling the basin with water for ship entry that is subsequently drained for repairs.
  • Scaling
  • A cleaning process that involves using chemicals or power blasters to remove rust and scale.
  • Twenty-Foot Equivalent Unit (Teu)
  • A unit of carrying capacity for container ships. This unit measures the number of standard 20x8x8 foot containers a ship can transport.
  • Ultra Large Container Vessel (Ulcv)
  • Term for the largest classification of container ships. Ships in this category generally boast carry capacities of over 14,500 TEU.
  • Why buy this report?

    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 Dry Docks & Cargo Inspection Services:
    • 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 Dry Docks & Cargo Inspection Services 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 Dry Docks & Cargo Inspection Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Join IBISWorld today

    Contact Us

    Want to speak to a representative? Call us.