US Water Transport Revenues to Rise 3.1% Annually in Nominal Terms to 2022

1/9/2019

Cleveland, OH, January 9, 2019 — US water transport revenues are forecast to rise 3.1% annually in nominal terms through 2022, according to Water Transport Services: United States, a report recently released by Freedonia Focus Reports. Continued increases in disposable personal income levels and consumer willingness to make discretionary purchases such as on travel and vacations will drive growth in passenger transport revenues. Waterborne freight activity will be sustained by advances in manufacturing output and international trade activity. Marine shipping companies face competition from alternative modes of transport, particularly rail and truck. However, waterborne freight carriers will continue to benefit from the ability to integrate operations with rail and trucking firms to capture intermodal business.

Revenues generated by US establishments providing deep sea passenger transport services are expected to remain the dominant segment through 2022. Providers are expected to benefit from rising disposable personal incomes and the affordability of ocean cruises.

These and other key insights are featured in Water Transport Services: United States. This report forecasts to 2022 US water transport services revenues for employer and nonemployer firms in nominal and real (inflation-adjusted) dollars. Total revenues in nominal terms are segmented by establishment type in terms of:

  • deep sea passenger
  • coastal and Great Lakes passenger
  • inland water passenger
  • inland water freight
  • coastal and Great Lakes freight
  • deep sea freight

Total revenues in real terms are also segmented by establishment type as follows:

  • passenger
  • inland water freight
  • coastal and Great Lakes freight
  • deep sea freight

To illustrate historical trends, total revenues in nominal and real terms, the various segments, and trade are provided in annual series from 2007 to 2017.

The scope of this report includes the revenues of for-hire water transport firms, as well as for-hire fleets that are dedicated to a particular client. Captive water transport services (i.e., businesses that maintain their own boats, ships, or barges to transport company goods or employees) are excluded. Also excluded are scenic and sightseeing water transport services.

More information about the report is available at:

https://www.freedoniafocusreports.com/Water-Transport-Services-United-States-FF85027/