Global Ports and Terminal Operations Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Ports and Terminal Operations Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Ports and Terminal Operations refers to the services provided at ports and terminal, which include cargo handling, storage, transshipment, and cargo delivery to vessels, as well as related services.

Market Overview:

The latest research study on the global Ports and Terminal Operations market finds that the global Ports and Terminal Operations market reached a value of USD 17239.4 million in 2022. It’s expected that the market will achieve USD 28469.44 million by 2028, exhibiting a CAGR of 8.72% during the forecast period.

Rising Government efforts for promote the ports sector

Ports constitute an essential economic activity in coastal areas. Also, Ports are important for the support of economic activities in the hinterland since they act as a crucial connection between sea & land transport. Due to this, government across the various countries is focusing to promote port operation. For instance in India, October 2020, Union Minister has initiated the ‘Direct Port Entry Facility’ at the V.O. Chidambaranar port. This facility allow direct movement of containers from factories, without intermediate handling at any CFS (Container Freight Station), facilitating shippers to get their exports directly to the container terminal (24x7), thereby increasing efficiency & ease of doing business. In October 2020, the Ministry of Shipping in India had announced to develop a (Marine) National Logistics Portal with end-to-end logistics solutions to help exporters, importers & service providers that helps for strengthening port operation worldwide. Government support for the Ports and Terminal Operations industry is one of the main drivers of the industry's growth.

The development of e-commerce will boost the development of the Ports and Terminal Operations market

The global Ports and Terminal Operations market is driven by growing demand from the e-commerce and logistics industries. Over the past few years, e-commerce has become an integral part of the global retail framework. In 2020, more than 2 billion people purchased goods or services online, and global e-retail sales exceeded $4.2 trillion in the same year. According to data released by Statista, in 2021, global retail e-commerce sales will be approximately $4.9 trillion. This number is expected to grow by 50% over the next four years, reaching about $7.4 trillion by 2025. The development of e-commerce will increase the container logistics market, thereby driving the development of the Ports and Terminal Operations market.

Region Overview:

In 2021, the share of the Ports and Terminal Operations market in China stood at 28.41%.

Company Overview:

The major players operating in the Ports and Terminal Operations market include PSA International, APM Terminals, DP World, COSCO SHIPPING Ports Limited, Hutchison Port Holdings Limited, etc. Among which, PSA International ranked top in terms of sales and revenue in 2022.

PSA International Pte Ltd provides marine support services. The Company offers port management, cargo handling, harbor pilotage, and port-related logistics services.

APM Terminals is a world class terminal operator present in 75 key locations around the globe.

Segmentation Overview:

Among different product types, Stevedoring segment is anticipated to contribute the largest market share in 2027.

Stevedoring is a general term for loading and unloading cargo from ships. Stevedores typically work at seaports, major container terminals, or in-land transportation hubs to receive shipments through the doors of warehouses or onto trucks and trains (railroad). The loading/Unloading process involves moving containers on and off vessels via cranes and specialized equipment.

Cargo handling is the movement of goods by loading them into ships, aircraft, or other vehicles. Cargo that does not require storage may be handled directly. Transportation is the movement of people or goods from one place to another. Cargo transportation can be done via railroad, air, and water systems such as container ships and tankers. The transportation process involves moving containers across roads, railways (railroad), and also on ships using cranes for loading/unloading within a port facility.

Application Overview:

By application, the Food Transportation segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Ports and Terminal Operations market covered in Chapter 3:

Terminal Investment Limited
Gulftainer Company Limited
Global Ports
SSA Marine
Eurogate Group
China Merchants Port Holdings
APM Terminals
Ports America
International Container Terminal Services, Inc.
CMA CGM
COSCO SHIPPING Ports Limited
Evergreen Marine Corporation
Hutchison Port Holdings Limited
DP World
PSA International

In Chapter 4 and Chapter 14.2, on the basis of types, the Ports and Terminal Operations market from 2018 to 2029 is primarily split into:

Stevedoring
Cargo Handling and Transportation
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ports and Terminal Operations market from 2018 to 2029 covers:

Food Transportation
Coal Transportation
Steel Transportation
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)