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2023 U.S. Industry Statistics & Market Forecast - Deep Sea, Coastal & Great Lakes Water Transportation
Market Size & Industry Statistics
The total U.S. industry market size for Deep Sea, Coastal & Great Lakes Water 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 | 2017 2018 2019 2020 2021 2022 | |
|---|---|---|
| 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 / six-year demand forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Deep Sea, Coastal & Great Lakes Water Transportation industry has been greatly impacted by several key trends in recent years. One of the most notable trends is the increasing demand for eco-friendly and sustainable shipping practices. Shipping companies are investing in more energy-efficient vessels and exploring alternative fuel options to reduce their carbon footprint and comply with international regulations.Another trend is the growth of e-commerce and the subsequent increase in demand for faster and more efficient shipping services. Shipping companies are responding by adopting technology and automation to streamline their operations and improve supply chain management.
The industry is also seeing a shift towards larger vessels and more consolidation among shipping companies. This allows for greater economies of scale and more efficient use of resources.
There is also a growing focus on safety and security in the industry, particularly in light of recent cyber-attacks and piracy incidents. Shipping companies are investing in enhanced security measures to protect their crews and cargo.
Finally, there is a greater emphasis on workforce development and training to meet the evolving demands of the industry. This includes training for new technologies and skills needed in an increasingly automated and digitized industry.
Product & Services Breakdown
Research products and services in the Deep Sea, Coastal & Great Lakes Water 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 Bulk Liquids And Gases In Intermodal Tank Containers By Water |
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Transportation Of Bulk Liquids And Gases, Except In Intermodal Tank Containers, By Water |
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Transportation Of Dry Bulks, Except In Intermodal Tank Containers, By Water |
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Transportation Of Climate-Controlled Boxed, Palletized, And Other Packed Goods, Except In Intermodal Tank Containers, By Water |
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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 Climate-Controlled Intermodal Containers, Not Elsewhere Classified, By Water |
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Transportation Of Other Intermodal Containers, Not Climate-Controlled, Not Elsewhere Classified, By Water |
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Transportation Of Automobiles And Light Trucks By Water |
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Transportation Of Other Goods 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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Towing Services By Water |
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Tugboat Services |
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Related Services |
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Other Related Products |
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Reselling Services For Merchandise, Retail |
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Meals And Beverages, Prepared And Served Or Dispensed, For Immediate Consumption |
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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) | |
|---|---|---|
| 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 Deep Sea, Coastal & Great Lakes Water 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 Deep Sea, Coastal & Great Lakes Water 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 Deep Sea, Coastal & Great Lakes Water Transportation measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| 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. |
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| 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% | |||
Deep Sea, Coastal & Great Lakes Water Transportation Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Deep Sea, Coastal & Great Lakes Water 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 Deep Sea, Coastal & Great Lakes Water 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 Deep Sea, Coastal & Great Lakes Water Transportation industry. |
Source:
Government Contracts
In 2022, the federal government spent a total of $9,268,252,457 on Deep Sea, Coastal & Great Lakes Water Transportation. It has awarded 1999 contracts to 180 companies, with an average value of $51,490,291 per company.| Most Recent Contracts | Date | Total Award Amount |
|---|---|---|
| AQUA GULF TRANSPORT, INC. 1301 W Newport Ctr Dr Deerfield Beach, FL | Jun 30, 2023 | $4,230 |
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