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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.

Deep Sea, Coastal & Great Lakes Water Transportation market size 2023
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2017        2018        2019        2020        2021        2022
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



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 (%)
Source: AnythingResearch Economic Analysis

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 DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Transportation Of Bulk Liquids And Gases In Intermodal Tank Containers By Water

Transportation Of Bulk Liquids And Gases, Except In Intermodal Tank Containers, By Water

Transportation Of Dry Bulks, Except In Intermodal Tank Containers, By Water

Transportation Of Climate-Controlled Boxed, Palletized, And Other Packed Goods, Except In Intermodal Tank Containers, By Water

Transportation Of Boxed, Palletized, And Other Packed Goods, Not Climate-Controlled And Not In Intermodal Tank Containers, By W

Transportation Of Climate-Controlled Intermodal Containers, Not Elsewhere Classified, By Water

Transportation Of Other Intermodal Containers, Not Climate-Controlled, Not Elsewhere Classified, By Water

Transportation Of Automobiles And Light Trucks By Water

Transportation Of Other Goods By Water

Passenger Transportation By Water

Coastal And Great Lakes Fixed-Route, Passenger Transportation By Water

Cruises

Towing Services By Water

Tugboat Services

Related Services

Other Related Products

Reselling Services For Merchandise, Retail

Meals And Beverages, Prepared And Served Or Dispensed, For Immediate Consumption



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.

U.S. map by state

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 AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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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
 
Source: AnythingResearch Analysis of U.S. federal statistics




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 RatiosIndustry 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.
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).
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.


Liquidity RatiosIndustry 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.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry 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
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
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.



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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 13%

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Chief Executives1%
General and Operations Managers4%
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%
Source: Bureau of Labor Statistics


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:
IncFact


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