Safe harbour: Growing 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 is expected to grow at an annualised 2.2% over the five years through 2018-19, to $2.4 billion. This includes a forecast 3.3% revenue increase in the current year.The industry's performance depends on demand from water transport industries and the volume of waterborne trade, which includes exports, imports and coastal trade. Variations in shipping volumes and trends in the Water Passenger Transport industry, such as the current surge in the popularity of cruise ships, can significantly influence the industry's performance...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 14-19
2.2%
Forecast Growth 19-24
Profit
Employment
3,369
Businesses
795

Industry Threats & Opportunities

  • Weaker commodity prices have put downward pressure on industry service prices
  • Declining commodity prices have placed downward pressure on industry pricing
  • As the mining sector continues to ramp up production, demand for shipping services will rise
  • Industry Report - Industry Key Buyers Chapter

    The Navigation, Towage and Services to Water Transport industry exhibits a low level of industry concentration, with the largest four players expected to account for less than 35.0% of industry revenue in 2018-19. However, market share concentration may be high in particular ports because sometimes all industry services are provided by a single firm.The towage sector exhibits strong geographic concentration. The low number of tugboat jobs relative to the minimum number of tugboats needed to establish a towage operation mean that many Australian ports are natural monopolies, as they can only be sustainably served by one provider given the industry’s capital costs. Major ports with a high number of ship calls are the exception...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
  • Indirect beneficiaries
  • Industry profitability
  • Industry growth and 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?

    The Navigation, Towage and Services to Water Transport market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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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