US Water Transport Services Revenue to Reach $49.2 billion in 2021

Advances will be driven by rising consumer incomes, manufacturers' shipments and trade levels

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Apr 25, 2017, 10:09 ET

CLEVELAND, April 25, 2017 /PRNewswire/ -- The US water transport industry is forecast to generate revenues of $49.2 billion in 2021, according to Water Transport Services: United States, a report recently released by Freedonia Focus Reports. Waterborne freight activity will be sustained by advances in manufacturing output and international trade activity. Continued increases in disposable personal income levels and consumer willingness to make discretionary purchases such as on travel and vacations will drive growth in passenger transport.

Among the major establishment types, revenues generated by passenger transport businesses are expected to continue rising at a faster pace compared to freight transport establishments. Passenger transport providers will continue to benefit from rising consumer spending on cruises, which offer a unique experience and a virtually all-inclusive vacation package featuring numerous destinations. In addition, consumer interest in cruises will be supported by the increased desire among many travelers to explore local treasures such as the Great Lakes or the Mississippi River.

These and other key insights are featured in Water Transport Services: United States. This report forecasts revenues for US water transport services in nominal and real (inflation-adjusted) terms to 2021. Total revenues in nominal terms are segmented by establishment type in terms of:

deep sea freight
inland water freight
coastal and Great Lakes Freight
deep sea passenger
coastal and Great Lakes passenger
inland water passenger

Total revenues in real terms are segmented by establishment type in terms of:

deep sea freight
inland water freight
coastal and Great Lakes Freight
passenger

To illustrate historical trends, total revenues in real and nominal terms, the various segments, and trade are provided in annual series from 2006 to 2016.

More information about the report is available at

https://www.freedoniafocusreports.com/Water-Transport-Services-United-States-10775043/
https://www.freedoniafocusreports.com/Freight-by-Rail-United-States-10775040/

About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Services & Industries reports can be purchased at www.freedoniafocusreports.com or marketresearch.com.

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