TechNavio today launched its report, Marine Freight Market in the US and the UK 2012-2016, based on an in-depth analysis covering exclusively focusing on the US and UK. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”The Marine Freight market in the US and the UK is expected to witness an increasing demand to replace older marine vehicles with new ones that are more fuel-efficient and use technologies that can adapt to stricter environmental standards. Furthermore, there is an increasing focus on stringent international environmental regulations involving factors such as water quality, emissions, and noise levels. Therefore, vendors across the globe will have to step up the modernization of their fleets, technology, and infrastructure. Advanced marine vehicles with lower emissions and noise profiles will be able to meet the increasingly stringent environmental regulations. This increased adoption of newer marine vehicles will drive the market in the near future.”
According to the report, the Marine Freight market in the US and the UK is largely dependent on macroeconomic factors which influence the movement of goods within a country and internationally. These economic factors include consumer and business sentiments, the level of household income, consumer propensity to spend, the level of consumption expenditure, and the level of manufacturing and wholesaling activities in the US and the UK. During prosperity, income tends to rise, increasing consumer propensity to spend. This increases the demand for all types of goods and services, resulting in higher consumption and increased transportation of freight.
Further, the report reveals that one of the main challenges that marine freight vendors in the US and the UK face is the new or increased competition.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/marine-freight-market-us-and-uk-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Automotive market research, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Research Report – Marine Freight Market in the US and the UK 2012-2016
