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(USGovernment-News.Com, August 14, 2018 ) 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.
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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