Stevedoring & Marine Cargo Handling in the US - Industry Market Research Report

Stevedoring & Marine Cargo Handling in the US - Industry Market Research Report
Stevedoring & Marine Cargo Handling in the US

The industry benefited from growth in consumer spending, which caused more goods to be purchased and transported via cargo ships, generating significant demand for the industry. Similarly, total US imports and exports increased during the period, reinforcing industry growth. So industry-wide revenue has been increasing at a CAGR of 2.0% over the past five years, including an estimated 0.7% increase in the current year, and is expected to total $14.2 billion in 2023. In the same year, profit is projected to decrease to 12.1%.

Companies in this industry provide stevedoring and other marine cargo handling services. A stevedore is a company or individual that is usually contracted by an agent to load and unload cargo from a ship in port.

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.