Shipshape: Increasing demand from port operators has boosted industry revenue

The Navigation, Towage and Services to Water Transport industry is an integral part of the water transport sector. The industry provides various support services, including shipping agency services, towage, navigation, pilotage and lighterage. Industry revenue has modestly expanded over the past five years, reflecting difficult demand conditions due to weaker demand from iron ore mining and the decline of the world price of oil. Overall, industry revenue is expected to rise at an annualised 0.9% over the five years through 2018-19 to reach $2.2 billion. This includes an expected rise of 1.3% in 2018-19, largely due to a decline in industrial action during this year...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 14-19
0.9%
Forecast Growth 19-24
Profit
Employment
4,692
Businesses
799

Industry Threats & Opportunities

  • Weaker iron ore prices have put downward pressure on industry service prices
  • Industry operators have invested in capital technology to reduce reliance on manual labour
  • As the mining sector continues to ramp up production, demand for shipping services will rise
  • Industry Report - Industry Analysis Chapter

    Operators in the Navigation, Towage and Services to Water Transport industry have faced difficult conditions over the past five years. While strong demand for Australian exports over most of the period has supported demand for industry services, the decline in the world price of oil and the world price of iron ore have placed significant downward pressure on the service prices that industry operators charge. This trend has had a negative effect on industry profit margins over the period. Overall, industry revenue is expected to grow at an annualised 0.9% over the five years through 2018-19, to $2.2 billion. This includes an expected revenue increase of 1.3% in the current year, supported by growth in merchandise trade, and a decline in industrial action by industry employees...purchase to read more.

    Additional Insights for the Navigation, Towage and Services to Water Transport Industry

    IBISWorld has determined the most important Key Success Factors for the Navigation, Towage and Services to Water Transport are:

  • Provision of development programs for personnel
  • Access to multiskilled and flexible workforce
  • Automation - reduces costs, particularly those associated with labour
  • IBISWorld analysts also discuss how external factors such as Total merchandise imports and exports and Demand from water freight transport in the Navigation, Towage and Services to Water Transport industry impact industry performance..

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    What's in this report

    What is the Navigation, Towage and Services to Water Transport Industry?

    Industry firms primarily provide navigation, towage and other services to the water transport sector.

    Industry Products
  • Towage services
  • Navigation and pilotage services
  • Ship agency, regulated services, lighterage and other services
  • Industry Activities
  • Lighterage services
  • Navigation services
  • Marine salvage services
  • Ship registration services
  • Shipping agency services
  • Towboat and tugboat operation
  • Pilotage services
  • Water vessel towing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total merchandise imports and exports
  • Demand from water freight transport
  • Demand from water passenger transport
  • Days lost to industrial disputes

  • Current Performance
  • Merchandise trade
  • Indirect beneficiaries
  • Industry profitability
  • Industry expansion
  • Chart: Revenue Growth

  • Industry Outlook
  • Port expansion and demand
  • Industry profitability
  • Table: Navigation, Towage and Services to Water Transport Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Navigation, Towage and Services to Water Transport Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Port Operators
  • Water Freight Transport
  • Water Passenger Transport

  • Key Selling Industries
  • Boatbuilding and Repair Services
  • Road and Bridge Construction
  • Shipbuilding and Repair Services

  • Products & Services
  • Towage services
  • Ship agency, regulated services, lighterage and other services
  • Navigation and pilotage services
  • Chart: Navigation, Towage and Services to Water Transport Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Bulk carriers
  • General cargo ships and container carriers
  • Tankers
  • Other carriers including livestock and car carriers
  • Chart: Major Market Segmentation for the Navigation, Towage and Services to Water Transport Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Navigation, Towage and Services to Water Transport

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Navigation, Towage and Services to Water Transport Industry

  • Industry Globalization
    Svitzer Australia Pty Limited, Serco Group Pty Limited, Bhagwan Marine Pty Limited,
  • Table: Svitzer Australia Pty Limited - financial performance
  • Table: Serco Group Pty Limited - financial performance
  • Table: Bhagwan Marine Pty Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Navigation, Towage and Services to Water Transport 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 Navigation, Towage and Services to Water Transport Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Electronic Data Interchange
  • Electronic transmission of data among establishments.
  • Marine Salvage
  • Recovering a ship and its cargo after an accident or other marine casualty.
  • Tugboat
  • A small, powerful boat designed for towing larger vessels.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Navigation, Towage and Services to Water Transport market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 Navigation, Towage and Services to Water Transport:
    • 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 Navigation, Towage and Services to Water Transport 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 Navigation, Towage and Services to Water Transport, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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