Sea & Coastal Freight Water Transport in the UK - Industry Market Research Report

Weak current: Revenue is on the rise, even though ongoing trade disruptions are holding trade volumes down

Over the five years through 2023-24, revenue is projected to edge upwards at a compound annual rate of 0.2% to £6.2 billion. The industry has been shifting towards container shipping over the past decade and away from liquid-bulk and dry-bulk products that have long been the staple of heavy products shipped on large vessels.

Companies in this industry transport bulk and non-bulk freight on vessels designed for the open sea or coastal waters. The industry includes scheduled and unscheduled activities, towing barges and oil rigs, and renting vessels with crew for sea transport. The industry excludes freight storage (see IBISWorld report H52.100), harbour operation and cargo handling.

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.