Marine Port Services Market

Marine Port Services Market



Growth Factors of Marine Port Services Market

The marine port services market size was valued at USD 85.72 billion in 2022, and the market is now projected to grow from USD 88.92 billion in 2023 to USD 121.61 billion by 2030, exhibiting a CAGR of 4.57% during the forecast period of 2023-2030.

The COVID-19 pandemic severely affected the marine port services market in 2020 and 2021, causing a sharp decline in international trade. Liner firms halted routes due to low transportation demand, reducing cargo handling efficiency. Port quarantines, staff shortages, and reduced transport capacity also led to a significant rise in freight prices.

The maritime sector is crucial for global economic growth, with the marine port services market expected to expand due to rising global maritime trade. According to the United Nations Conference on Trade and Development (UNCTAD), around 80% of the world's trade volume is transported by sea and handled at ports worldwide. This underscores the importance of ports in global commerce.

Ports are increasingly implementing sustainable practices and green technologies, including shore power for vessels, renewable energy sources, and eco-friendly equipment. These initiatives are driven by the need to comply with environmental regulations and reduce the ecological impact of port operations. Such efforts aim to enhance operational efficiency while promoting sustainability in the maritime industry.

Comprehensive Analysis of Marine Port Services Market

The marine port services market growth is also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by service analysis. By service analysis incudes container handling services, ship repair and maintenance services, navigation services, supply chain and logistics solution services, and mechanical and electrical engineering services.

The Asia Pacific region lead the marine port services market share by benefitting a market size of USD 27.73 billion in 2022 due to higher demand for port services.

Top players in the market have their responsibility of aerospace & defence industrial prospectus growth of the retailing industry and the markets. These players include, DP World Limited, PSA International, COSCO Shipping Ports Limited, Hutchison Port Holdings, Hamburger Hafen Und Logistik AG, Shanghai International Port (Group), International Container Terminal Services Inc., Ningbo Zhoushan Port Company Limited, China Merchants Port Holdings Company Limited, Tianjin Port Development Holdings Ltd these market players provide a level-playing competitive landscape.

In September 2023, International Container Terminal Services, Inc. (ICTSI) launched the ICTSI App, providing real-time cargo visibility, with close to 29,000 users and plans to expand to other port locations.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate 4.57% CAGR from 2023 to 2030

Unit Value (USD billion)

Segmentation By Service

Container Handling Services

Ship Repair and Maintenance Services

Navigation Services

Supply chain and Logistics Solution Services

Mechanical and Electrical Engineering Services

By Geography

North America
  • U.S. (by Service)
  • Canada (by Service)
Europe
  • U.K. (by Service)
  • Germany (by Service)
  • France (by Service)
  • Russia (by Service)
  • Rest of Europe (by Service)
Asia Pacific
  • Japan (by Service)
  • China (by Service)
  • India (by Service)
  • Australia (by Service)
  • Rest of Asia Pacific (by Service)
Rest of the World
  • Latin America (by Service)
  • Middle East & Africa (by Service)


1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
4.2. Latest Technological Trend
4.3. Porters Five Forces Analysis
4.4. Supply Chain Analysis
4.5. COVID-19 Impact
5. Global Marine Port Services Market Analysis, Insights and Forecast, 2019-2030
5.1. Segment Definitions
5.2. Market Analysis, Insights and Forecast – By Services
5.2.1. Container Handling Services
5.2.2. Ship Repair & Maintenance Services
5.2.3. Navigation Services
5.2.4. Supply Chain & Logistics Solution Services
5.2.5. Mechanical & Electrical Engineering Services
5.3. Market Analysis, Insights and Forecast – By Region
5.3.1. North America
5.3.2. Europe
5.3.3. Asia-pacific
5.3.4. Rest of the world
6. North America Marine Port Services Market Analysis, Insights and Forecast, 2019-2030
6.1. Market Analysis, Insights and Forecast – By Service
6.1.1. Container Handling Services
6.1.2. Ship Repair & Maintenance Services
6.1.3. Navigation Services
6.1.4. Supply Chain & Logistics Solution Services
6.1.5. Mechanical & Electrical Engineering Services
6.2. Market Analysis – By Country
6.2.1. U.S.
6.2.1.1. – By Service
6.2.2. Canada
6.2.2.1. – By Service
7. Europe Marine Port Services Market Analysis, Insights and Forecast, 2019-2030
7.1. Market Analysis, Insights and Forecast – By Service
7.1.1. Container Handling Services
7.1.2. Ship Repair & Maintenance Services
7.1.3. Navigation Services
7.1.4. Supply Chain & Logistics Solution Services
7.1.5. Mechanical & Electrical Engineering Services
7.2. Market Analysis – By Country
7.2.1. U.K.
7.2.1.1. – By Service
7.2.2. Germany
7.2.2.1. – By Service
7.2.3. France
7.2.3.1. – By Service
7.2.4. Russia
7.2.4.1. – By Service
7.2.5. Rest of Europe
7.2.5.1. – By Service
8. Asia Pacific Marine Port Services Market Analysis, Insights, and Forecast, 2019-2030
8.1. Market Analysis, Insights and Forecast – By Service
8.1.1. Container Handling Services
8.1.2. Ship Repair & Maintenance Services
8.1.3. Navigation Services
8.1.4. Supply Chain & Logistics Solution Services
8.1.5. Mechanical & Electrical Engineering Services
8.2. Market Analysis – By Country
8.2.1. China
8.2.1.1. – By Service
8.2.2. Japan
8.2.2.1. – By Service
8.2.3. India
8.2.3.1. – By Service
8.2.4. Australia
8.2.4.1. – By Service
8.2.5. Rest of Asia Pacific
8.2.5.1. – By Service
9. Rest of the World Marine Port Services Market Analysis, Insights and Forecast, 2019-2030
9.1. Market Analysis, Insights and Forecast – By Service
9.1.1. Container Handling Services
9.1.2. Ship Repair & Maintenance Services
9.1.3. Navigation Services
9.1.4. Supply Chain & Logistics Solution Services
9.1.5. Mechanical & Electrical Engineering Services
9.2. Market Analysis – By Sub-Region
9.2.1. Latin America
9.2.1.1. – By Service
9.2.2. Middle East & Africa
9.2.2.1. – By Service
10. Competitive Analysis
10.1. Global Market Ranking Analysis (2022)
10.2. Competition Dashboard
10.3. Company Profiles
10.3.1. DP World Limited (UAE)
10.3.1.1. Overview
10.3.1.2. Products & services
10.3.1.3. SWOT analysis
10.3.1.4. Recentdevelopments
10.3.1.5. strategies
10.3.1.6. financials (based on availability)
10.3.2. PSA International (Singapore)
10.3.2.1. Overview
10.3.2.2. Products & services
10.3.2.3. SWOT analysis
10.3.2.4. Recentdevelopments
10.3.2.5. strategies
10.3.2.6. financials (based on availability)
10.3.3. COSCO Shipping Ports Limited (Hong Kong)
10.3.3.1. Overview
10.3.3.2. Products & services
10.3.3.3. SWOT analysis
10.3.3.4. Recentdevelopments
10.3.3.5. strategies
10.3.3.6. financials (based on availability)
10.3.4. Hutchison Port Holdings (Hong Kong)
10.3.4.1. Overview
10.3.4.2. Products & services
10.3.4.3. SWOT analysis
10.3.4.4. Recentdevelopments
10.3.4.5. strategies
10.3.4.6. financials (based on availability)
10.3.5. Hamburger Hafen Und Logistik AG (Germany)
10.3.5.1. Overview
10.3.5.2. Products & services
10.3.5.3. SWOT analysis
10.3.5.4. Recentdevelopments
10.3.5.5. strategies
10.3.5.6. financials (based on availability)
10.3.6. Shanghai International Port (Group) (China)
10.3.6.1. Overview
10.3.6.2. Products & services
10.3.6.3. SWOT analysis
10.3.6.4. Recentdevelopments
10.3.6.5. strategies
10.3.6.6. financials (based on availability)
10.3.7. International Container Terminal Services Inc. (Philippines)
10.3.7.1. Overview
10.3.7.2. Products & services
10.3.7.3. SWOT analysis
10.3.7.4. Recentdevelopments
10.3.7.5. strategies
10.3.7.6. financials (based on availability)
10.3.8. Ningbo Zhoushan Port Company Limited (China)
10.3.8.1. Overview
10.3.8.2. Products & services
10.3.8.3. SWOT analysis
10.3.8.4. Recentdevelopments
10.3.8.5. strategies
10.3.8.6. financials (based on availability)
10.3.9. China Merchants Port Holdings Company Limited (Hong Kong)
10.3.9.1. Overview
10.3.9.2. Products & services
10.3.9.3. SWOT analysis
10.3.9.4. Recentdevelopments
10.3.9.5. strategies
10.3.9.6. financials (based on availability)
10.3.10. Tianjin Port Development Holdings Ltd (Hong Kong)
10.3.10.1. Overview
10.3.10.2. Products & services
10.3.10.3. SWOT analysis
10.3.10.4. Recentdevelopments
10.3.10.5. strategies
10.3.10.6. financials (based on availability)

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