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Port & Harbor Operations in the US - Industry Market Research Report

  • June 2017
  • 38 pages
  • Ibisworld
Report ID: 198456

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Anchors aweigh: Rising trade volumes and increasing consumer demand with bolster demand for industry services

Abstract
Port & Harbor Operations in the US

Port and Harbor Operations industry demand has increased over the five years to 2017, as improving economic conditions and increased consumer spending have enabled international trade activity to surge. At the same time, the trade-weighted index, a measure of the dollar’s strength against other currencies, has increased consistently over the past five years, which has dampened the competitiveness of US exports, while increasing the purchasing power of US consumers and businesses, thus encouraging import demand.

Over the five years to 2022, industry operators are projected to experience steady revenue growth as rising trade volumes, growing levels of US disposable income and increasing consumer spending continue to bolster demand for industry services. However, industry growth will be somewhat constrained in coming years by the growing popularity of large-scale cargo vessels.

Companies in this industry operate ports, harbors (including docking and pier facilities) or canals. The main activities of this industry include loading and unloading cargo from ships, operating lighthouses, arranging paperwork for incoming shipments, operating computer systems to connect cargo with recipients and providing accommodations to docked vessels.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

MAJOR COMPANIES
- Port of Los Angeles
- The Port Authority of New York and New Jersey
- Port of Long Beach
- Port of Houston Authority

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