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2025 U.S. Industry Statistics & Market Forecast - Coastal and Great Lakes Passenger Transportation
Market Size & Industry Statistics
The total U.S. industry market size for Coastal and Great Lakes Passenger Transportation:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Coastal and Great Lakes Passenger Transportation industry include:- Growing environmental concerns
- Shift towards sustainable fuels and practices
- Impact of climate change on coastal areas
- Increasing regulatory scrutiny and safety standards
- Technological advancements in vessel design and navigation systems
- Rising demand for luxury and experiential travel
- Fluctuating fuel costs
- Growth in ecotourism
- Aging infrastructure in ports and facilities
- Impact of global economic conditions on travel spending
- Enhanced focus on sanitation and health safety post-pandemic
- Expansion of marine protected areas affecting route access
- Integration of digital technology for customer experience enhancements
Product & Services Breakdown
Research products and services in the Coastal and Great Lakes Passenger Transportation industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Transportation Of Boxed, Palletized, And Other Packed Goods, Not Climate-Controlled And Not In Intermodal Tank Containers, By W |
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Transportation Of Automobiles And Light Trucks By Water |
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Passenger Transportation By Water |
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Coastal And Great Lakes Fixed-Route, Passenger Transportation By Water |
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Cruises |
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Related Services |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Coastal and Great Lakes Passenger Transportation company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Coastal and Great Lakes Passenger Transportation industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Coastal and Great Lakes Passenger Transportation measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
|
| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 13% | Order at top of page |
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| Chief Executives | 1% | |||
| General and Operations Managers | 4% | |||
| Operations Specialties Managers | 5% | |||
| Business and Financial Operations Occupations | 10% | |||
| Business Operations Specialists | 7% | |||
| Sales and Related Occupations | 9% | |||
| Sales Representatives, Services | 7% | |||
| Travel Agents | 5% | |||
| Travel Agents | 5% | |||
| Office and Administrative Support Occupations | 12% | |||
| Transportation and Material Moving Occupations | 46% | |||
| Water Transportation Workers | 32% | |||
| Sailors and Marine Oilers | 12% | |||
| Sailors and Marine Oilers | 12% | |||
| Ship and Boat Captains and Operators | 14% | |||
| Captains, Mates, and Pilots of Water Vessels | 14% | |||
| Ship Engineers | 7% | |||
| Ship Engineers | 7% | |||
Coastal and Great Lakes Passenger Transportation Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Coastal and Great Lakes Passenger Transportation industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Coastal and Great Lakes Passenger Transportation industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Coastal and Great Lakes Passenger Transportation industry. |
Source:
Latest Industry News
- Pipelines Five Year Outlook For U.S. Shipbuilding - Ferries and small passenger vessels - There are 5,000 passenger vessels registered in the U.S. Construction has averaged 150 to 200 vessels annually. (07/07/2025)
- Lufthansa Group soars in Canadian market with 87 weekly flights this summer - "Lufthansa Group’s presence is strongest in Montreal, from where we operate with 26 weekly flights to all four of our major hubs in Europe." (07/04/2025)
- US Facing Storm Threats as Millions Travel for July Fourth Weekend - Storms and downpours could put a damper on plans for 72 million Americans expected to travel during the Independence Day holiday period. (07/03/2025)
- Southampton's historic connection to the Royal Mail Ships - The most prominent of the active RMS ships is the RMS Queen Mary 2, while the Titanic is probably the most famous all time (07/03/2025)
- Ed Quinn named president of Hornblower's ferry division - Maritime hospitality and transportation company Hornblower Group, Orlando, Fla., announced it has appointed Ed Quinn as president of ferry and concession, responsible for the group's Statue City Cruis (07/01/2025)
- West Asia News Live: Saudi foreign minister receives written message from Russian counterpart - Welcome to our live blog bringing you the latest developments from West Asia. Stay updated on key shifts in regional geopolitics, oil and energy markets, diplomacy, security tensions, economic reforms, (07/01/2025)
- One Big Beautiful Bill cuts Great Lakes icebreaker funding - Rep. Bill Huizenga, R-Mich., is calling on the U.S. Senate to reinclude funding for a new Great Lakes heavy icebreaker in its reconciliation bill after the provision was left out of the Senate version of the One Big Beautiful Bill Act. “While the House-passed version of the One Big Beautiful Bill supports the Coast Guard’s request for a Great Lakes icebreaker, the current Senate language ... (07/01/2025)
- New Seaway administrator sworn in to head Great Lakes Seaway Operations - The Great Lakes St. Lawrence Seaway Development Corporation (GLS) has a new administrator. J.M. (Mike) McCoshen was sworn in as the 12th administrator of GLS where he will (06/26/2025)
- Capsized boat accident on Lake Tahoe: What we know - MSN - Coast Guard-approved life vests must be carried and readily accessible for each passenger if the vessel is 16 feet or longer. The 27-foot Chris-Craft boat would fall under this definition. (06/24/2025)
- Rep. Johnson, Sen. Smith named 2025 Chamber of Marine Commerce Champions of the Great Lakes - His work in this regard, and across his committee assignments: Agriculture, Transportation and Infrastructure ... tremendous importance of marine shipping on the Great Lakes and St. Lawrence Seaway and coastal and arctic regions to the North American ... (05/26/2025)
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