Industry Data & Market Research

2023 U.S. Industry Statistics & Market Forecast - Water Transportation

Market Size & Industry Statistics

The total U.S. industry market size for 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.

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 water transportation industry is undergoing significant changes due to various trends that are shaping the sector. Some of the most notable trends that are affecting this industry include:

1. Environmental regulations: The water transportation industry is becoming increasingly focused on sustainable operations due to the emergence of restrictive environmental regulations. Shipping companies are actively investing in environmentally-friendly technologies to minimize their carbon footprints and improve operational efficiency.

2. Technological advancements: Advancements in technology, such as the use of autonomous ships, big data analytics, and the internet of things (IoT), are transforming the water transportation industry. These technological innovations are improving safety, efficiency, and reducing operational costs.

3. Trade tensions and geopolitics: Global trade tensions and geopolitical risks are affecting the water transportation industry. For example, the US-China trade war has resulted in a downturn in container traffic from China to US ports, leading to a drop in shipping volume and profitability for the industry.

4. Aging shipping fleet: The water transportation industry is grappling with aging ships and a lack of capacity, which has resulted in higher shipping costs. Shipping companies are investing heavily in new vessels to replace older ones, which is negatively affecting their profitability.

5. COVID-19 pandemic: The COVID-19 pandemic has severely disrupted the global supply chain, affecting the water transportation industry significantly. The pandemic has led to a decline in global trade, causing a reduction in shipping volume and a decrease in shipping prices.

Product & Services Breakdown

Research products and services in the 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


Towing Services By Water

Tugboat Services

Related Services

Other Products

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
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
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 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 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 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 10%

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Chief Executives0%
General and Operations Managers3%
Operations Specialties Managers 5%
Business and Financial Operations Occupations 7%
Business Operations Specialists 7%
Sales and Related Occupations 5%
Sales Representatives, Services 7%
Travel Agents 5%
Travel Agents 5%
Office and Administrative Support Occupations 9%
Transportation and Material Moving Occupations 59%
Water Transportation Workers 46%
Sailors and Marine Oilers 18%
Sailors and Marine Oilers 18%
Ship and Boat Captains and Operators 22%
Captains, Mates, and Pilots of Water Vessels 21%
Ship Engineers 6%
Ship Engineers 6%
Material Moving Workers 5%
Source: Bureau of Labor Statistics

Water Transportation Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the 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 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
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Water Transportation industry.

Government Contracts

In 2022, the federal government spent a total of $9,426,551,272 on Water Transportation. It has awarded 2153 contracts to 222 companies, with an average value of $42,461,943 per company.   

Most Recent Contracts Date Total Award Amount
1301 W Newport Ctr Dr
Deerfield Beach, FL
Jun 30, 2023$4,230

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