Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 5.4 % over the past five years, to reach an estimated $1.3tr in 2024.
Trends and Insights
Pandemic volatility shapes global maritime transport
- The initial disruptions spurred by the pandemic curbed global trade as consumers reduced spending and manufacturing facilities limited operations. As pandemic woes dragged on, consumers in developed nations shifted much of their spending online, bolstering demand for shipping. As pandemic woes dragged on, consumers in developed nations shifted much of their spending online, bolstering shipping activity.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Maritime shipping will use technology to preserve growth
- As the post-pandemic boom normalizes over the next five years, the Deep-Sea, Coastal and Inland Water Transportation industry will expand more moderately. A persistent swelling of e-commerce activity will continue to fuel commodity transport as greater consumer spending prompts the international trade of raw materials.
Biggest companies in the Global Deep-Sea, Coastal & Inland Water Transportation
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
CMA CGM SA | 51,804.4 | N/A | N/A | |
AP Moller - Maersk A/S | 36,838.7 | N/A | N/A | |
MSC Mediterranean Shipping Company SA | 29,931.4 | N/A | N/A |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Dry bulk, Liquid bulk and Container. Dry bulk is the largest segment of the Global Deep-Sea, Coastal & Inland Water Transportation.
Trends and Insights
Inflated consumer spending drives dry bulk transportation
- This segment includes the transportation of commodities such as coal, iron ore, grain, alumina and phosphate rock, as well as unpackaged crops and grains. Dry bulk transportation has expanded in recent years alongside global consumer spending, which has boosted demand for consumer goods that rely on commodities.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Operators in this industry provide deep-sea, coastal and inland water transportation. Deep-sea and coastal water transportation includes the movement of passengers and freight over major waterways, both scheduled and unscheduled. Inland water transportation includes the movement of passengers or freight via rivers, canals, lakes and waterways, including inside harbors. The industry excludes marine operations such as port operations and stevedoring.
What's included in this industry?
Dry bulkLiquid bulkContainerPassengerCompanies
CMA CGM SAAP Moller - Maersk A/SMSC Mediterranean Shipping Company SAPurchase this report to view all 4 major companies in this industry.
Related Terms
LAY-UPIMOTEUSHORT-SEA SHIPPINGFLAG OF CONVENIENCETRAMP SERVICESCONFERENCEPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Maritime shipping operators have struggled to meet capacity amid dramatic demand fluctuations resulting from COVID-19. Supply chain disruptions and stay-at-home orders around...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
A gradual shift toward natural gas has bolstered demand for liquid bulk transportation. Developed nations are leaning away from coal-powered operations and toward natural gas...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Europe holds a significant position in cruise ship construction and short-sea shipping. Ocean transporters are drawn to the region for its extensive merchant fleet and the pr...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Business Locations Charts
- Share of global output by region in 2024
- Share of population compared to output in each region in 2024
- Data tables
- Share of global output by region in 2024
- Detailed analysis
- Geographic spread of the industry across Global, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Freight rates, efficiency and geographical coverage bolster competition among ocean transporters. Shipping companies gain market share by providing services to more routes an...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
No deep-sea, coastal and inland water transportation company controls more than 5.0% of the industry. Maritime transport companies cover many global markets, making it diffic...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of CMA CGM SA's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of AP Moller - Maersk A/S's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of MSC Mediterranean Shipping Company SA's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for CMA CGM SA, and factors influencing its performance in the industry
- Description and key data for AP Moller - Maersk A/S, and factors influencing its performance in the industry
- Description and key data for MSC Mediterranean Shipping Company SA, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
While each nation sets its own rules for maritime transportation, the International Maritime Organization (IMO) establishes international standards. The IMO sets various regu...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The post-pandemic surge in demand for shipping has lifted profit for maritime transporters. Limited shipping capacity and port congestion following COVID-19 disruptions have ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Global Deep-Sea, Coastal & Inland Water Transportation industry in Global in 2024?
The market size of the Global Deep-Sea, Coastal & Inland Water Transportation industry in Global is $1.3tr in 2024.
How many businesses are there in the Global Deep-Sea, Coastal & Inland Water Transportation industry in 2024?
There are 44,273 businesses in the Global Deep-Sea, Coastal & Inland Water Transportation industry in Global, which has grown at a CAGR of 10.7 % between 2019 and 2024.
Has the Global Deep-Sea, Coastal & Inland Water Transportation industry in Global grown or declined over the past 5 years?
The market size of the Global Deep-Sea, Coastal & Inland Water Transportation industry in Global has been growing at a CAGR of 5.4 % between 2019 and 2024.
What is the forecast growth of the Global Deep-Sea, Coastal & Inland Water Transportation industry in Global over the next 5 years?
Over the next five years, the Global Deep-Sea, Coastal & Inland Water Transportation industry in Global is expected to grow.
What are the biggest companies in the Global Deep-Sea, Coastal & Inland Water Transportation market in Global?
The biggest companies operating in the Global Deep-Sea, Coastal & Inland Water Transportation market in Global are CMA CGM SA, AP Moller - Maersk A/S and MSC Mediterranean Shipping Company SA
What does the Global Deep-Sea, Coastal & Inland Water Transportation in Global include?
Dry bulk and Liquid bulk are part of the Global Deep-Sea, Coastal & Inland Water Transportation industry.
Which companies have the highest market share in the Global Deep-Sea, Coastal & Inland Water Transportation in Global?
The company holding the most market share in Global is CMA CGM SA.
How competitive is the Global Deep-Sea, Coastal & Inland Water Transportation industry in Global?
The level of competition is high and steady in the Global Deep-Sea, Coastal & Inland Water Transportation industry in Global.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Global Airlines
- Global Cargo Airlines
Complementors
- Global Ship & Boat Building
- Global Travel Agency Services
International industries
- Ocean & Coastal Transportation in the US
- Ocean & Coastal Transportation in Canada
- Water Freight Transport in Australia
- Water Freight Transport in New Zealand
- Sea & Coastal Freight Water Transport in the UK
Methodology
How are IBISWorld reports created?
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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources globally include:
- United Nations Comtrade
- Organization for Economic Cooperation & Development
- World Bank
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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