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Tugboat & Shipping Navigational Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Tugboat & Shipping Navigational Services Market Research Report | NAICS 48833 | Aug 2016

Smooth sailing: Increased trade volumes will pull industry revenue growth along

IBISWorld’s Tugboat & Shipping Navigational 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.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 11-16
2.6%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
12,465
Businesses
898
Industry Threats & Opportunities
  • A rebound in the global economy has led to an increase in demand for the industry
  • Heightened volatility in the world price of oil over this period has hurt operators
  • Trade volumes are projected to increase, benefiting industry operators
  • ... purchase to read more

Industry Analysis & Industry Trends

The Tugboat and Shipping Navigational Services industry has been subject to steady growth on account of consistent increase in water transportation industries in the past five years. The industry has witnessed steady demand for navigational services over the five years to 2016. While benefiting from rebounding trade, the industry's profitability was affected by rising oil prices in 2011. Industry operators were forced to use surcharges to pass additional fuel costs to customers. These increases proved detrimental to industry competitiveness because, compared with air and ground transportation, cost savings had traditionally drawn business to waterborne freight... ... purchase to read more

Industry Report - Industry Locations Chapter

Unsurprisingly, the establishments in the Tugboat and Shipping Navigational Services industry are located by the ports and harbors of the United States. The largest concentration of establishments is in the Southeast mainly due to the large concentration of ports and inland waterways in this region. The Mississippi River barges also require extensive use of towing services and create a market for significant numbers of industry establishments to be located in Louisiana.

The high concentration of establishments in the Southeast region is due to greater waterborne commerce activity in that area, which includes ocean and inland maritime activity. For example, Florida has an estimated 21.6% of establishments and Louisiana has an estimated 15.6% of establishments. Flo.. ... purchase to read more

Additional Insights for the Tugboat & Shipping Navigational Services Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Tugboat & Shipping Navigational Services Industry are

  • Ability to recoup fuel expenses
  • Having links with suppliers
  • Ability to attract local support/patronage
  • IBISWorld analysts also discuss how external factors such as Demand from water transportation and Total trade value in the Tugboat & Shipping Navigational Services industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Tugboat & Shipping Navigational Services Industry?

    Companies in this industry provide navigational services that ensure the safe passage of ships in and out of harbors. Such services mainly involve docking and piloting marine vessels. Marine salvage services, which involve the retrieval of cargo or vessels following marine accidents, are also included in this industry.

    Industry Products
    Tugboat serviceNavigational & Transportation Related servicesOther servicesTowing Services
     
    Industry Activities
    Cargo salvagingDocking and undocking marine vesselsHarbor tugboat servicesMarine salvaging servicesPiloting servicesRadio beacon services


    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
  • Demand from water transportation
  • Total trade value
  • Demand from natural disaster and emergency relief services
  • World price of crude oil
  • Current Performance
  • Strong sailing for tugboats
  • Chart: Revenue Growth
  • Industry Outlook
  • Table: Tugboat & Shipping Navigational Services Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Tugboat & Shipping Navigational Services Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Ocean & Coastal Transportation
  • Inland Water Transportation
  • Key Selling Industries
  • Boat Building
  • Ship Building
  • Products & Services
  • Tugboat service
  • Navigational & Transportation Related services
  • Other services
  • Towing Services
  • Chart: Tugboat & Shipping Navigational Services Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Commercial trade companies
  • Governmental bodies
  • Consumers
  • Chart: Major Market Segmentation for the Tugboat & Shipping Navigational Services Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Tugboat & Shipping Navigational Services
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Tugboat & Shipping Navigational Services Industry
  • Industry Globalization
    Major Companies
    Crowley Maritime Corporation
  • Table: Crowley Maritime Corporation - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Tugboat & Shipping Navigational 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 Tugboat & Shipping Navigational Services Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • World price of crude oil (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Global Positioning System (Gps)
  • A navigational system involving satellites and computers that can determine the latitude and longitude of a receiver (specific boat).
  • The Jones Act
  • Legislation that affords protection to domestic water transport operators. The Act requires that tugboats operating within US harbors be US-flagged.
  • Waterborne Freight
  • Bulk shipments of goods transported via waterways. Includes inland water transportation as well as ocean transportation.

  • 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 Tugboat & Shipping Navigational 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 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 Tugboat & Shipping Navigational 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 Tugboat & Shipping Navigational Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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