Stevedoring & Marine Cargo Handling in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: September 2024
NAICS 48832Revenue
$15.4bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
66,150
Businesses
290
Wages
$X.Xbn
Stevedoring & Marine Cargo Handling in the US industry analysis
Fiscal stimulus and rising disposable income levels boosted the manufacturing of discretionary goods. Stimulus measures prompted consumers to increase spending, unleashing pent-up demand and driving the expansion in total trade value. The surge in imported goods strained domestic ports' outdated infrastructure, causing container build-up. Major ports implemented measures like reducing tariff-free wait times and considering surcharges to enhance cargo turnover. Meanwhile, sanctions on Russian oil and gas created a supply gap, which domestic producers filled by ramping up petroleum and LNG exports to Europe, further bolstering port traffic and revenue generated by stevedoring. Revenue is expected to increase at a CAGR of 4.0% to $15.4 billion through the end of 2024, including growth of 2.1% in 2024 alone.
Trends and Insights
- The fiscal stimulus measures unleashed pent-up consumer demand, driving the total trade value in 2021 and 2022. The increase in trade pressured the domestic port infrastructure, leading to congestion and longer wait times for vessels.
- Volatility in energy markets has bolstered demand for oil, gas and chemical stevedoring services. The war in Ukraine and subsequent sanctions on Russia led the US and other countries to fill the supply gap.
- The Southeast has the highest number of establishments due to its strategic location with numerous ports and waterways. The features drive the need for extensive logistics infrastructure, particularly for shipping and distribution companies along the Mississippi River.
- The congestion at major ports led to gains for small establishments. As goods were rerouted to underutilized ports, new entrants and lower-scale stevedores saw rising business and revenue growth.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 4.0 % over the past five years, to reach an estimated $15.4bn in 2024.
Trends and Insights
Fiscal stimulus and supply chain disruptions drive performance
- Rising disposable income levels boosted the manufacturing of discretionary goods. Stimulus measures starting in 2020 prompted consumers to increase spending, unleashing pent-up demand, which drove the expansion of total trade value in 2021 and 2022.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Recovery in consumer sentiment boosts outlook
- The expected easing of monetary policy will drive consumer spending as interest rates on credit card debt decline and business hiring levels improve because of increased liquidity. Stabilizing consumer sentiment will drive the expansion of total trade value, which will, in turn, increase the turnover rate of cargo in domestic ports.
Biggest companies in the Stevedoring & Marine Cargo Handling in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Ports America Inc. | 2,914.8 | 500.4 | 17.2 | |
Xpo Logistics, Inc. | 2,808.0 | 381.9 | 13.6 | |
SSA Marine Inc. | 1,647.5 | 257.2 | 15.6 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Stevedoring (bulk cargo), Stevedoring (containers) and Stevedoring (oil, gas and chemical products). Stevedoring (bulk cargo) is the largest segment of the Stevedoring & Marine Cargo Handling in the US.
Trends and Insights
Residential construction and consumer spending support demand for bulk cargo
- Stevedoring (bulk cargo) involves specialized services for handling and transporting bulk commodities via commercial vessels of various sizes. Small, handy-size carriers handle minor bulk loads on regional trade routes, while major commodities like iron ore and coal are moved via Capesize vessels along long-haul routes.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Port & Harbor Operations in the US
- Dry Docks & Cargo Inspection Services in the US
- Freight Packing & Logistics Services in the US
- General Warehousing & Storage in the US
- Refrigerated Storage in the US
- Specialized Storage & Warehousing in the US
International industries
- Stevedoring Services in Australia
- Stevedoring and Water Transport Support Services in New Zealand
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
StevedoringWaterfront terminal managementWaterfront consulting and project managementCargo loading and inspectionCompanies
Ports America Inc.Xpo Logistics, Inc.SSA Marine Inc.Purchase this report to view all 4 major companies in this industry.
Related Terms
LONGSHOREMANLASHINGINTERNATIONAL LONGSHORE AND WAREHOUSE UNION (ILWU)BULK CARGOCONTAINER CARGOINTERMODAL TRANSPORTATIONSTACKER-RECLAIMERSPORTAINERSGANTRIESTWENTY-FOOT EQUIVALENT UNIT (TEU)STEVEDOREIndustry Code
NAICS 48832 - Stevedoring & Marine Cargo Handling in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The fiscal stimulus measures unleashed pent-up consumer demand, driving the total trade value in 2021 and 2022. The increase in trade pressured the domestic port infrastructu...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Volatility in energy markets has bolstered demand for oil, gas and chemical stevedoring services. The war in Ukraine and subsequent sanctions on Russia led the US and other c...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The Southeast has the highest number of establishments due to its strategic location with numerous ports and waterways. The features drive the need for extensive logistics in...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The congestion at major ports led to gains for small establishments. As goods were rerouted to underutilized ports, new entrants and lower-scale stevedores saw rising busines...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Ports America is a major terminal operator in the US, overseeing and running many marine terminals and ports nationwide. It's responsible for handling diverse types of cargo ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Ports America Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Xpo Logistics, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of SSA Marine Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Ports America Inc., and factors influencing its performance in the industry
- Description and key data for Xpo Logistics, Inc., and factors influencing its performance in the industry
- Description and key data for SSA Marine Inc., and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Stevedores and businesses handling marine cargo must develop and implement response and security plans to address potential spills and threats. The plans ensure compliance wi...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Commodity-price inflation drove substantial purchases for businesses reliant on steel and energy prices. Fluctuations caused by supply chain disruptions and geopolitical conf...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Stevedoring & Marine Cargo Handling in the US industry in United States in 2024?
The market size of the Stevedoring & Marine Cargo Handling in the US industry in United States is $15.4bn in 2024.
How many businesses are there in the Stevedoring & Marine Cargo Handling in the US industry in 2024?
There are 290 businesses in the Stevedoring & Marine Cargo Handling in the US industry in United States, which has grown at a CAGR of 0.9 % between 2019 and 2024.
Has the Stevedoring & Marine Cargo Handling in the US industry in United States grown or declined over the past 5 years?
The market size of the Stevedoring & Marine Cargo Handling in the US industry in United States has been growing at a CAGR of 4.0 % between 2019 and 2024.
What is the forecast growth of the Stevedoring & Marine Cargo Handling in the US industry in United States over the next 5 years?
Over the next five years, the Stevedoring & Marine Cargo Handling in the US industry in United States is expected to grow.
What are the biggest companies in the Stevedoring & Marine Cargo Handling in the US market in United States?
The biggest companies operating in the Stevedoring & Marine Cargo Handling market in United States are Ports America Inc., Xpo Logistics, Inc. and SSA Marine Inc.
What does the Stevedoring & Marine Cargo Handling in the US in United States include?
Stevedoring and Waterfront terminal management are part of the Stevedoring & Marine Cargo Handling in the US industry.
Which companies have the highest market share in the Stevedoring & Marine Cargo Handling in the US in United States?
The company holding the most market share in United States is Ports America Inc..
How competitive is the Stevedoring & Marine Cargo Handling in the US industry in United States?
The level of competition is moderate and steady in the Stevedoring & Marine Cargo Handling in the US industry in United States.
