Choppy waters: Despite rising revenue, the growing popularity of large-scale cargo vessels will constrain growth

International imports and exports account for the overwhelming majority of waterborne cargo transport and, as a result, industry performance closely mirrors US trade volumes. Over the past five years, rising levels of domestic consumer spending and industrial production have caused the volume of goods transported through US ports to rise, stimulating demand for industry services. Revenue is consequently projected to have risen over the five years to 2017. The next five years are expected to be a time of smooth sailing for the industry, as rising trade volumes are expected to bolster demand for marine cargo handling and increase revenue...purchase to read more.

Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 12-17
3.9%
Forecast Growth 17-22
Profit
Employment
68,789
Businesses
609

Industry Threats & Opportunities

  • Consumer spending and industrial production have caused the volume of goods transported through US ports to rise, stimulating demand
  • Improving economic conditions and rising consumer purchases have stimulated production activity
  • Rising demand for industry services will likely encourage new operators to enter the industry
  • Industry Report - Industry Investment Chapter

    The Stevedoring and Marine Cargo Handling industry is characterized by a moderate level of capital intensity, and industry operators typically spend $0.15 on capital investments for every $1.00 spent on labor. Though the average company initially spends a significant amount on machinery, including cranes, vehicles and tracking software, the labor component of stevedoring operations makes up the bulk of industry operation costs. In fact, expenses on employee salaries, benefits and other wages costs are estimated to make up 36.5% of total industry revenue in 2017. Since dock work is potentially dangerous, employees must be well-trained and highly knowledgeable of the technical aspects of the job. As a result, workers in this industry tend to experience relatively high wages. Des...purchase to read more.

    Additional Insights for the Stevedoring & Marine Cargo Handling Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Stevedoring & Marine Cargo Handling Industry are

  • Market research and understanding
  • Ability to manage external (outsourcing) contracts
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Total trade value and Consumer spending in the Stevedoring & Marine Cargo Handling industry impact industry performance..

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    What's in this report

    What is the Stevedoring & Marine Cargo Handling Industry?

    Companies in this industry provide stevedoring and other marine cargo handling services. A stevedore is a company or individual that is usually contracted by an agent to load and unload cargo from a ship in port.

    Industry Products
  • Stevedoring (bulk cargo)
  • Stevedoring (containers)
  • Stevedoring (oil, gas and chemical products)
  • Industry Activities
  • Stevedoring
  • Waterfront terminal management
  • Waterfront consulting and project management
  • Cargo loading and inspection
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total trade value
  • Consumer spending
  • Freight transportation services index
  • Industrial production index

  • Current Performance
  • Improving economic climate
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising downstream demand
  • Developments in trade
  • Industry infrastructure
  • Table: Stevedoring & Marine Cargo Handling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Stevedoring & Marine Cargo Handling Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Ocean & Coastal Transportation
  • Inland Water Transportation

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

  • Products & Services
  • Stevedoring (bulk cargo)
  • Stevedoring (oil, gas and chemical products)
  • Stevedoring (containers)
  • Other
  • Chart: Stevedoring & Marine Cargo Handling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Domestic traders
  • Exporters
  • Importers
  • Chart: Major Market Segmentation for the Stevedoring & Marine Cargo Handling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Stevedoring & Marine Cargo Handling

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Stevedoring & Marine Cargo Handling Industry

  • Industry Globalization
    Ports America Inc., Carrix Inc., Ceres Terminals Inc.,
  • Table: Ports America Inc. - financial performance
  • Table: Carrix Inc. - financial performance
  • Table: Ceres Terminals Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Stevedoring & Marine Cargo Handling 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 Stevedoring & Marine Cargo Handling Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total trade value (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Bulk Cargo
  • Commodity cargo that is transported unpackaged.
  • Container Cargo
  • Cargo, ranging from automobiles to food to consumer goods, which is uniformly packaged in standard-size containers.
  • Gantries
  • Frames used to support traveling cranes.
  • Intermodal Transportation
  • A shipment that spans more than one mode of transportation (e.g. water and land).
  • International Longshore And Warehouse Union (Ilwu)
  • A labor union that represents dockworkers in the West region of the United States (and in parts of Canada).
  • Lashing
  • The process of securing containers to each other and to the ship with a system of ropes.
  • Longshoreman
  • A laborer who loads and unloads marine cargo; also called a "stevedore."
  • Portainers
  • Bulk ship-to-shore cranes.
  • Stacker-Reclaimers
  • Machines used to scoop bulk materials from and into piles.
  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Stevedoring & Marine Cargo Handling Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    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 Stevedoring & Marine Cargo Handling:
    • 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 Stevedoring & Marine Cargo Handling 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 Stevedoring & Marine Cargo Handling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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