Doing whale: Stable economic growth in the United States increased demand for industry services

The Ocean and Coastal Transportation industry in Canada has experienced relatively strong growth over the five years to 2018. Industry operators transport freight, bulk cargo and passengers along international and coastal shipping routes. Furthermore, rapid economic growth in emerging markets and the growing need for Canadian natural resources enabled industry shipping companies to benefit from Canada's substantial dry and liquid bulk exports. At the beginning of the five-year period, many maritime transporters expanded their fleets in response to surging demand for freight transportation services, causing the industry to enter a period of overcapacity once industry demand more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Modest economic growth in emerging markets is projected to fuel demand for industry services
  • Freight transportation services account for the majority of revenue
  • Global shipping capacity will continue to eclipse industry demand
  • Industry Report - Industry Products Chapter

    The Ocean and Coastal Transportation industry in Canada is composed of a wide variety of commercial vessels, including container ships, dry-bulk carriers, cruise ships and other industry-relevant ships. Each of these vessels performs a specialized service within the industry. For example, only liquid-bulk tankers possess the necessary infrastructure to safely transport oil-related products. The following service segmentation breaks down the industry's services according to each specialized vessel's share of the total Canadian fleet in units.Passenger vesselsIn 2018, passenger vessels are expected to constitute 44.1% of the industry-relevant Canadian vessel fleet. Common passenger ships in this segment include ferries, ocean liners and cruise ships. Fer...purchase to read more.

    Additional Insights for the Ocean & Coastal Transportation Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Ocean & Coastal Transportation Industry are

  • Rapid expansion and reduction of operations in line with demand
  • Economies of scale
  • Ability to Pass on Cost Increases
  • IBISWorld analysts also discuss how external factors such as Total trade value and GDP of Canada in the Ocean & Coastal Transportation industry impact industry performance..

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    What's in this report

    What is the Ocean & Coastal Transportation Industry?

    Operators in this industry primarily transport freight and passengers using deep sea, coastal and Great Lakes water transportation. This industry also includes ocean-going cruise ships.

    Industry Products
  • Dry bulk carriers
  • Tankers
  • Passenger vessels
  • Container and general cargo ships
  • Industry Activities
  • Marine transportation of general freight, bulk commodities, passengers and vehicles
  • Cruise services
  • Marine transportation between Canadian points of destination
  • Marine transportation of exports, unless operator is based out of destination country
  • Marine transportation of imports, but only by domestically based players
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total trade value
  • GDP of Canada
  • Per capita disposable income
  • World price of crude oil

  • Current Performance
  • Cargo transportation
  • Passenger transportation
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Improving demand
  • Headwinds remain
  • Table: Ocean & Coastal Transportation Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Ocean & Coastal Transportation Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting In Canada
  • Mining In Canada
  • Manufacturing In Canada
  • Freight Forwarding Brokerages & Agencies in Canada

  • Key Selling Industries
  • Boat Building in Canada
  • Gasoline & Petroleum Wholesaling in Canada
  • Ocean & Coastal Transportation in Canada
  • Ship Building in Canada

  • Products & Services
  • Passenger vessels
  • Dry bulk carriers
  • Tankers
  • Container and general cargo ships
  • Chart: Ocean & Coastal Transportation Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exporters
  • Domestic traders
  • Importers
  • Chart: Major Market Segmentation for the Ocean & Coastal Transportation Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent, utilities and marketing
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Ocean & Coastal Transportation

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Ocean & Coastal Transportation Industry

  • Industry Globalization
    British Columbia Ferry Services Inc., Algoma Central Corporation, The CSL Group Inc.,
  • Table: British Columbia Ferry Services Inc. - financial performance
  • Table: Algoma Central Corporation - financial performance
  • Table: The CSL Group Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Ocean & Coastal Transportation Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Ocean & Coastal Transportation Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Total trade value (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Cargo that is shipped in large, unpacked amounts. Examples include iron ore, coal and grain.
  • Liquid-Bulk
  • Liquid cargo that is shipped in large, unpacked amounts. Examples include oil, fuel and chemicals.
  • St. Lawrence Seaway
  • A system of canals and locks that enables ocean-going vessels to travel from the Atlantic Ocean to the Great Lakes.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Ocean & Coastal Transportation market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Ocean & Coastal Transportation:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Ocean & Coastal Transportation market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Ocean & Coastal Transportation, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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