1. Market Research
  2. > Transportation Market Trends
  3. > Maritime Transport

Transportation by Boat: Latest Market Statistics and Trends

  • Currently 3/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
6 votes

Topics under Maritime Transport

Global Maritime Transport Industry

The global maritime industry (one segment of the large transportation business) has an influence on many other industries worldwide, which are reliant on maritime trade to transport goods and raw materials. According to Koncept Analytics, the maritime industry is the leading transport sector in terms of size. Huge capital is required to support the global shipping sector.

The industry also relies on a vast workforce and technology innovation. Global economic growth fuelling global trade is the main factor affecting the shipping industry. While traditionally the EU region has dominated the shipping sector, there has been a shift in recent years by which Asia has overtaken Europe.

Ship Building Market Share

The Middle East shipbuilding and repairing industry witnessed the least impact from the global financial crisis, reports Global Industry Analysts. The Arabian Gulf weathered the recession better than other regions to now boast the world’s most active ports and yards. There are currently more than 2,000 vessels undergoing repair work in Middle Eastern ports. The region shows good resilience due to its evolving marine transport industry, particularly in Dubai and Abu Dhabi.

The past decade has seen Korea and China emerge to take the top spot in the global shipbuilding industry. Japan is ranked third among the world’s leading shipbuilding regions, having been overtaken by South Korea between 1999 and 2000. China more recently overtook Korea to be the global leader.

Key Market Segments

The US represents the world’s largest cruise sector, with the UK and Germany coming next, reports KeyNote. However, the EU region has been overtaking North America in terms of cruise passenger numbers. Germany is the world’s fastest-growing passenger transport market. Research shows cruises to be popular with 55 to 64-year-olds, though this age group is expected to decline through 2015. The consumer base aged between 65 and 74, however, is set to climb. The cruise market is currently witnessing a trend for preference for larger ships. This is advantageous to cruise lines as they can cut costs per passenger by increasing capacity. Consumers are also more likely to spend onboard on larger ships than onshore as there are more services and amenities available to them. Royal Caribbean runs the largest ships, with two 225,250-tonne ships that have a capacity of 5,400 passengers. More than 20 new cruise liners are to be introduced to the global fleet between 2012 and 2016. Most of these cruise liners have passenger capacity in excess of 3,000. Though recording strong growth, the cruise market is in danger of oversaturation, which could result in mass discounting in a bid to encourage demand.

Maritime containerization allows the transit of goods through a highly automated system. Shipping containers cut transportation costs and facilitate global trade. Maritime transportation industry performance is dictated by global demand for goods. Global Industry Analysts predicts the global maritime containerization market will exceed 730 million TEUs before the close to 2017. Market growth will be fuelled by growing sea trade, investing in port terminal facilities, evolution in shipping networks and the rising frequency of maritime freight transport worldwide. Technology will continue to play a pivotal role in the industry, with innovations such as automated container handling, self-unloading of ships, operational efficiency and higher speed. Market performance will also be driven by demand in Asia for oil and liquefied natural gas.

Regional Market Share

Russia’s maritime transport industry has grown in recent years, following a fall in 2006. IndexBox reports the country’s freight transportation by sea exceeded 110% in 2007, reached 125% in 2008 and fell to just more than 105% in 2009. In 2010, more than 40 million tons of goods were transported by sea.

China’s port industry climbed steeply in 2010 after the 2009 downturn. Research in China reports almost 9 billion tons of cargo passed through Chinese ports in 2010, representing a 17% year-on-year increase. Meanwhile container throughput exceeded 145 million TEUs, accounting for a 19% increase compared with 2009. Shanghai’s port container throughput exceeded 29 million TEUs, taking the world’s top-spot in terms of container throughput.

Read more ยป

Share
24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 2 300 reports

Global Maritime Transport Industry - Forecast, Weekly Update

  • April 2016
    15 pages
  • Maritime Transp...  

  • China  

    India  

View report >

Maritime Transport Industry in the US - Forecast

  • August 2016
    17 pages
  • Maritime Transp...  

  • United States  

View report >

Maritime Transport Industry in Europe and the UK - Forecast

  • July 2016
    6 pages
  • Maritime Transp...  

  • Europe  

    United Kingdom  

    World  

View report >

Maritime Transport Industry in Asia and China

  • April 2015
    13 pages
  • Maritime Transp...  

  • Asia  

    China  

    Singapore  

View report >

Maritime Transport Industry in Japan and the US

  • March 2016
    24 pages
  • Japan  

    United States  

View report >

Maritime Transport Markets in Germany

  • January 2016
    12 pages
  • Maritime Transp...  

  • Germany  

View report >

Maritime Transport Industry in Canada

  • July 2016
    62 pages
  • Maritime Freigh...  

  • Canada  

View report >

Maritime Transport Industry in the US and Russia - Forecast

  • August 2015
    27 pages
  • Maritime Transp...  

  • United States  

    Russian Federat...  

View report >

The future of the Maritime Transport Industry in India

  • August 2016
    10 pages
  • Maritime Transp...  

  • India  

View report >


About 500 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 75 - $ 5 650)

Airport and Marine Port Security Market by Security Technology, by Service, by Infrastructure Type, by Region - Global Forecast to 2025

Airport and Marine Port Security Market by Security Technology, by Service, by Infrastructure Type, by Region - Global Forecast to 2025

  • $ 5 650
  • Industry report
  • May 2016
  • by MarketsandMarkets

The airport and marine port security market size is expected to grow from USD 53.84 billion in 2016 to USD 110.52 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 8.3%. Major technologies contributing ...

Global Fishfinders Industry 2016 Market Research Report

June 2016 $ 2 850

Global Fish Finders & Depth Finders Industry 2016 Marke ...

May 2016 $ 2 850

Global And Chinese Road Milk Tanker Industry, 2016 Mark ...

June 2016 $ 2 800

Global Transmission Systems For Marine Applications 201 ...

June 2016 $ 2 500

France: Refrigerated Vessel (ships) Market. Analysis An ...

July 2016 $ 2 161

Bulgaria: Tanker Market. Analysis And Forecast To 2020

July 2016 $ 2 161

United Kingdom: Ships, Vessels, Ferry-boats For Transpo ...

July 2016 $ 2 161

Spain: Ships, Vessels, Ferry-boats For Transport Of Per ...

July 2016 $ 2 161

Poland: Refrigerated Vessels (ships) - Market Report. A ...

July 2016 $ 2 161

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.