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Global Deep-Sea, Coastal & Inland Water Transportation Industry Market Research Report from IBISWorld Has Been Updated
  • USA - English


News provided by

IBISWorld Inc.

Sep 19, 2013, 02:00 ET

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Los Angeles, CA (PRWEB) September 18, 2013 -- The Global Deep-Sea, Coastal and Inland Water Transportation industry has struggled over the past five years. Rapid growth appears to have ceased, and future demand is contingent on the ongoing economic recovery. Due to lower global industrial production and less goods needing to be shipped, industry revenue fell in the five years to 2013. However, an extreme decline over the past five years has been avoided as increased shipping activity aided companies in the industry.

Overcapacity is the only certainty the industry faces in the coming years.

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According to IBISWorld Industry Analyst Lauren Setar, “The industry has undergone some extreme changes in the past five years, particularly in 2008 and 2009.” During those years, major companies placed ambitious orders for new ships as they struggled to build their capacity to meet demand. Once the demand fell, however, shipping lines cut routes and staff and many pulled some of their fleet out of the water to remain viable during the downturn. During 2009, much of the world's container shipping fleet was not in active service, pushing down industry revenue. After a rebound in 2010, uncertain economic conditions encouraged low inventory levels on the part of the industry's clients. Nevertheless, as demand picks up due to greater consumer spending and larger trade volumes, industry revenue is expected to grow in 2013.

The Global Deep-Sea, Coastal and Inland Water Transportation industry has a moderate level of market share concentration. In 2013, the top four players are estimated to account for more than half of global industry revenue. Major players must be truly global to be competitive, and the top competitors include AP Moller - Maersk A/S, Nippon Yusen Kabushiki Kaisha, Mitsui O.S.K. Lines, Carnival Corporation, Neptune Orient Lines and Hapag-Lloyd AG (see IBISWorld report H4821-GL for major player market shares). Beyond the major players, the market is fragmented with a large number of small regional players or family-owned operations, especially in the coastal and inland water transportation segments.

“The industry's strength is dependent on strong global growth and continuing globalization,” says Setar. The threat of a collapse in the eurozone or a double-dip global recession remains real. However, the industry will remain an integral part of the global economy and is expected to benefit from greater shipping activity. Specifically, emerging economies will boost industry performance as larger countries lead the way in terms of revenue growth, which IBISWorld forecasts to grow in the five years to 2018.

For more information, visit IBISWorld’s Global Deep-Sea, Coastal & Inland Water Transportation industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld.
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189.

IBISWorld industry Report Key Topics

Establishments in the Global Deep-Sea, Coastal & Inland Water Transportation industry provide deep-sea, coastal and inland water transportation. Deep-sea and coastal water transportation includes that of passengers and freight over water, both scheduled and unscheduled. The inland water transportation segment includes the movement of passengers or freight via rivers, canals, lakes and waterways, including inside harbors. The industry excludes marine operations such as port operations and stevedoring.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.

Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on nearly every US and Global industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Gavin Smith, IBISWorld Inc., http://www.ibisworld.com, +1 (310) 866-5042, [email protected]

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