PUBLISHER: The Business Research Company | PRODUCT CODE: 1260938
PUBLISHER: The Business Research Company | PRODUCT CODE: 1260938
“Deep Sea, Coastal, And Great Lakes Transportation Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on deep sea, coastal, and great lakes transportation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for deep sea, coastal, and great lakes transportation? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The deep sea, coastal, and great lakes transportation market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Major companies in the deep sea, coastal, and great lakes transportation market include A.P. Møller-Mærsk A/S, China Ocean Shipping Company Limited, Cargill Incorporated, CMA CGM S.A., Hapag-Lloyd AG, Evergreen Marine Corp, K-Line; Hyundai Merchant Marine Co. Ltd., Nippon Yusen, and Kuehne + Nagel International AG.
The global deep sea, coastal, and great lakes transportation market grew from $526.06 billion in 2022 to $556.12 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The deep sea, coastal, and great lakes transportation market is expected to grow to $671.38 billion in 2027 at a CAGR of 4.8%.
The deep sea, coastal, and great lakes transportation market includes revenues earned by entities by providing transportation service for goods that are being delivered to short-distance destinations. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Deep sea, coastal, and great lakes transportation refer to modes of maritime transportation using intercontinental routes and crossing oceans, along the shoreline, in the sea, or in the ocean, and in the great lakes to carry goods and cargo from one place to another using watercraft such as ships, barges, and boats.
Asia-Pacific was the largest region in the deep sea, coastal, and great lakes transportation market in 2022. Western Europe was the second largest region in the deep sea, coastal, and great lakes transportation market. The regions covered in the deep sea, coastal, and great lakes transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The main types of transportation in the deep sea, coastal, and great lakes transportation market are deep-sea transport and coastal and great lakes transport. Deep-sea transport refers to the maritime transport of goods on intercontinental routes, crossing oceans as opposed to short-sea shipping over relatively short distances. The market is also segmented by application into onshore and offshore.
Water transportation service companies are increasingly using sensor technologies to enable monitoring of remote locations of ships. A sensor is a device that detects and responds to some type of input from the physical environment. The specific input could be light, heat, motion, moisture, pressure, or any one of several other environmental phenomena present on the ship. Sensors in remote locations of ships collect data autonomously and relay the data to the control room in real-time. The data captured by the sensor allows ship owners to improve the overall maintenance cycle of visits, including condition monitoring and condition-based monitoring. For instance, NoraSens and Silicon Radar are some of the company's manufacturing sensors for ships.
The countries covered in the deep sea, coastal, and great lakes transportation market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The deep sea, coastal, and great lakes transportation market research report is one of a series of new reports from The Business Research Company that provides deep sea, coastal, and great lakes transportation market statistics, including deep sea, coastal, and great lakes transportation industry global market size; regional shares; competitors with a deep sea, coastal, and great lakes transportation market share; detailed deep sea, coastal, and great lakes transportation market segments; market trends and opportunities; and any further data you may need to thrive in the deep sea, coastal, and great lakes transportation industry. This deep sea, coastal, and great lakes transportation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.