Deep
sea, coastal, and great lakes water transportation industry comprises
establishments primarily engaged in providing deep sea, coastal, and great lakes
water transportation of freight and passengers.
The global deep sea, coastal and great lakes market
was valued at $315 billion in 2017, and is expected to register high growth
rates due to increasing investments in transportation networks in remote areas
and increasing connectivity in emerging economies such as India, China, and
Brazil, increasing government investments, low oil prices and increasing
adoption of big data analytics to analyse consumer behaviour.
Asia Pacific was the largest geographic
region in the market, accounting for half of the market share, due to a large
population, presence of extensive public and private transportation network and
government subsidies for transportation services.
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China was the largest country in the market, accounting
for around one-fifth of the market share. This is due to the presence of an
extensive transportation network, high disposable income and a large customer
base which includes both B2B and B2C customers.
The major competitors in the market are Carnival
Corporation, A.P. Moller, MSC Mediterranean Shipping Company SA, K-Line
America, and Seacor Holdings Inc. Carnival Corporation & plc is a United
States-based cruise company and the world's largest travel leisure company,
with a combined fleet of over 100 vessels across 10 cruise line brands.
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