Tugboat & Shipping Navigational Services in the US - IBISWorld Industry Market Research

Tugboat & Shipping Navigational Services in the US

Tugboat & Shipping Navigational Services in the US - IBISWorld Industry Market Research
Tugboat & Shipping Navigational Services in the US
Published Oct 08, 2014
33 pages — Published Oct 08, 2014
Price US$ 910.00  |  Buy this Report Now

About This Report


Similar to most water transportation industries, the Tugboat and Shipping Navigational Services industry has experienced fluctuating conditions in recent years. The global economic downturn depleted consumer spending in both domestic and international markets, causing waterborne trade volumes to fall in 2009. However, the outlook for the industry is favorable, with revenue expected to increase in the five years to 2019. Continued growth in the US economy is anticipated to drive up waterborne trade levels, which will likely spur higher demand for tugboat and navigational services. Nevertheless, it will not be entirely beneficial for the industry, as volatility in oil prices is expected to continue, thereby keeping profit margin growth and the number of companies operating in this industry in check.

Companies in this industry provide navigational services that ensure the safe passage of ships in and out of harbors. Such services mainly involve docking and piloting marine vessels. Marine salvage services, which involve the retrieval of cargo or vessels following marine accident, are also included in this industry.

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.

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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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Cite this Report

IBISWorld Industry Market Research. "Tugboat & Shipping Navigational Services in the US" Oct 08, 2014. Alacra Store. May 22, 2018. <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Tugboat-Shipping-Navigational-Services-in-the-US-2042-1058>
IBISWorld Industry Market Research. (2014). Tugboat & Shipping Navigational Services in the US Oct 08, 2014. New York, NY: Alacra Store. Retrieved May 22, 2018 from <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Tugboat-Shipping-Navigational-Services-in-the-US-2042-1058>
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