The deep sea, coastal, and great lakes transportation market consists of sales of deep sea, coastal, and great lakes transportation services and related goods by entities (organizations, sole traders and partnerships) that provide deep sea, coastal, and great lakes transportation of passengers and cargo using watercraft, such as ships, barges, and boats. The deep sea, coastal, and great lakes market is segmented into deep sea transportation and coastal and great lakes transportation.
The global deep sea, coastal, and great lakes market is expected to grow from $467.85 billion in 2020 to $488.02 billion in 2021 at a compound annual growth rate (CAGR) of 4.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $587.82 billion in 2025 at a CAGR of 5%.
