The past five years were productive for the industry. However, slowing revenue performance leading into the global financial crisis and a major revenue decline in 2008-09 dragged down overall revenue growth. IBISWorld estimates industry revenue will grow at a compound annual rate of 1.0% over the five years through 2012-13 to reach $2.61 billion. With strong demand for merchandise imports and ongoing export of bulk commodities, industry revenue is expected to increase 4.1% in 2012-13.
The industry relies on the health of the water transport industries and the volume of waterborne trade – exports, imports and coastal.
This industry provides navigation, towage and other services to the water transport sector.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.