Smooth Sailing: Cruise lines will continue to benefit from rising income levels and increased consumer spending on recreation

The Ocean & Coastal Transportation Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.


Industry Threats & Opportunities

  • Increasing US trade activity is expected to generate substantial demand for industry freight transportation services
  • Historic volatility in demand for industry services has led to a situation of chronic overcapacity for US shipping companies
  • Slowing economic growth in several emerging markets will somewhat temper global trade activity

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    Industry Analysis & Industry Trends

    Over the five years to 2017, the Ocean and Coastal Transportation industry has experienced limited growth due to, among other factors, overcapacity in the deep-sea fright shipping market. While rising US trade activity bolstered industry revenue during the first half of the five-year period, shocks to the price of crude oil have limited operators' ability to generate revenue through fuel surcharges, causing revenue to decline in 2015 and 2016. Over the five years to 2022, the industry's cruise lines will continue to benefit from rising income levels and increased consumer spending on recreation...

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    Industry Report - Industry Locations Chapter

    The Southeast

    The Southeast contains more industry establishments than any other US region, likely because it is home to both Florida and Louisiana, which account for 15.9% and 13.4% of total industry establishments, respectively. Louisiana is home to the largest port by tonnage in the country, the Port of South Louisiana, and the state benefits from trade on the Gulf coastline and the Mississippi River. Similarly, Florida is home to the expanding Port of Jacksonville, as well as a substantial leisure boat and cruise industry. In addition, Florida is a major goods producer and crucial point of entry for trade with Latin and Central America. As a result, the Southeast is estimated to contain 36.6% of total industry establishments in 2017.


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    Additional Insights for the Ocean & Coastal Transportation Industry

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

  • Business expertise of operators
  • Rapid Expansion and Reduction of Operations in line with Demand
  • User and Consumer Friendly Experiences
  • IBISWorld analysts also discuss how external factors such as Total trade value and Total recreation expenditure in the Ocean & Coastal Transportation industry impact industry performance..

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    Industry Products

    What is the Ocean & Coastal Transportation Industry?

    This industry provides deep-sea, coastal, Great Lakes and St. Lawrence Seaway water transportation. The 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.

    Industry Products
    Deep-sea passenger transportation
    Deep-sea freight transportation
    Coastal and Great Lakes freight transportation
    Coastal and Great Lakes passenger transportation
    Industry Activities
    Deep-sea water transportation
    Coastal water transportation
    Great Lakes water transportation
    St. Lawrence Seaway water transportation

    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
  • Total recreation expenditure
  • Consumer spending
  • Freight transportation services index
  • Industrial production index
  • World price of crude oil

  • Current Performance
  • Smooth sailing for cruise lines
  • Freight shippers remain in rough waters
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Freight shipping market improves, but threats remain
  • Cruise lines expand
  • Industry landscape
  • Table: Ocean & Coastal Transportation Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Wheat, Barley & Sorghum Farming
  • Mining
  • Manufacturing
  • Wholesale Trade

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

  • Products & Services
  • Deep-sea passenger transportation
  • Deep-sea freight transportation
  • Coastal and Great Lakes freight transportation
  • Coastal and Great Lakes passenger transportation
  • Chart: Ocean & Coastal Transportation Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Individual consumers
  • Freight shippers
  • Chart: Major Market Segmentation for the Ocean & Coastal Transportation Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Ocean & Coastal Transportation Industry

  • Industry Globalization
    Major Companies
    Carnival CorporationRoyal Caribbean Cruises Ltd.Norwegian Cruise Line Holdings Ltd.
  • Table: Carnival Corporation - financial performance
  • Table: Royal Caribbean Cruises Ltd. - financial performance
  • Table: Norwegian Cruise Line Holdings Ltd. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Ocean & Coastal Transportation 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 Ocean & Coastal Transportation Industry
  • 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
    Jargon & Glossary
  • 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.
  • Deadweight Tonnage
  • A measure of how much weight a ship is carrying or can safely carry.
  • Flag Of Convenience
  • The practice of a national owner registering one or more vessels in another nation to avoid higher regulatory and manning costs.
  • St. Lawrence Seaway
  • A system of canals and locks that enables ocean-going vessels to travel from the Atlantic Ocean to the Great Lakes.
  • 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 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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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