PUBLISHER: Lucintel | PRODUCT CODE: 1154053
PUBLISHER: Lucintel | PRODUCT CODE: 1154053
Marine Port and Service Market Trends and Forecast
The future of the global marine port and service industry looks promising with opportunities for the container handling services, ship repair and maintenance services, and navigation services. The global marine port and service industry is expected to reach an estimated $105.5 billion by 2027 with a CAGR of 3.5% from 2021 to 2027. The major drivers for this market are high growth of the marine freight transportation market and surging demand of containerized and bulk cargo. Increasing global exports, rising customer (shipping companies) demand, and expansion of new regional trade hubs are the additional factors contributing to accelerated growth.
Emerging Trends in the Marine Port and Service Market
Emerging trends, which have a direct impact on the dynamics of the industry, includes vessel traffic services (VTS), self-unloading bulk carrier technology, and marine port privatization.
A total of 79 figures / charts and 54 tables are provided in this 182 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of marine port and service market report; please download the report brochure.
Marine Port and Service Market by Segments
Lucintel forecasts that container handling service segment will remain the largest segment, and it is also expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global marine port and service market by service type and region, as follows:
Marine Port and Services Market by Service Type ($ Billion Shipment Analysis from 2016 to 2027):
Marine Port and Services Market by Region ($ Billion Shipment Analysis from 2016 to 2027):
US
Canada
Mexico
United Kingdom
France
Russia
Spain
Germany
Japan
China
Indonesia
India
South Korea
Brazil
Argentina
List of Marine Port and Service Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies marine port and service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the marine port and service companies profiled in this report includes.
Marine Port and Service Market Insights
Features of the Global Marine Port and Service Market
FAQ
Q1. What is the marine port and service market size?
Answer: The global marine port and service market is expected to reach an estimated $105.5 billion by 2027.
Q2. What is the growth forecast for marine port and service market?
Answer: The marine port and service market is expected to grow at a CAGR of 3.5% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the marine port and service market?
Answer: The major drivers for this market are high growth of the marine freight transportation market and surging demand of containerized and bulk cargo. Increasing global exports, rising customer (shipping companies) demand, and expansion of new regional trade hubs are the additional factors contributing to accelerated growth.
Q4. What are the major service types or end use industries for marine port and service?
Answer: Container handling services is the major segment by service type for marine port and service.
Q5. What are the emerging trends in marine port and service market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include vessel traffic services (VTS), self-unloading bulk carrier technology, and marine port privatization.
Q6. Who are the key marine port and service companies?
Answer: Some of the key marine port and service companies are as follows:
Q7. Which marine port and service customer type segment will be the largest in future?
Answer: Lucintel forecasts that container handling services will remain the largest market by service type and it is also expected to witness the highest growth during the forecast period due to an increase in containerization, the industry players are adopting advanced handling equipment for fast operation.
Q8. In marine port and service market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest market due to tremendous economic growth in China and India. Europe and North America are expected to grow significantly due to increasing industrial production, high international trade, and subsequent rise in the demand for marine freight transportation.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.