PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1454031
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1454031
Marine Port Services Market Forecasts to 2030 - Global Analysis By Port Type (Dry Ports, Bulk Cargo Ports, Passenger Ports, Fishing Ports and Other Port Types), Service Type, End User and By Geography
According to Stratistics MRC, the Global Marine Port Services Market is accounted for $91.2 billion in 2023 and is expected to reach $141.8 billion by 2030 growing at a CAGR 6.5% during the forecast period. Marine port services encompass a range of logistical and operational activities vital for the efficient functioning of ports. These services include vessel berthing and unberthing, cargo handling, storage, customs clearance, and vessel maintenance. Additionally, port services extend to administrative tasks such as documentation processing and security operations. Efficient port services are crucial for facilitating international trade, ensuring timely delivery of goods, and optimizing overall port performance while adhering to safety and regulatory standards.
According to the plan, the Phase 1 operation of the Port of Tuas will include 21 deepwater berths capable of handling 20 million TEU per year when fully operational.
Market Dynamics:
Driver:
Increasing global trade
Ports serve as vital hubs facilitating the exchange of goods across borders, with increased demand for services such as cargo handling, vessel servicing, and logistics management. This surge in global trade underscores the need for efficient and scalable port infrastructure, spurring investments in port modernization and expansion projects worldwide. As trade volumes continue to grow, the market is poised for further expansion, offering ample opportunities for stakeholders to capitalize on this trend.
Restraint:
Cybersecurity threats
The market faces a myriad of cybersecurity threats, including but not limited to, ransomware attacks targeting critical infrastructure and supply chain vulnerabilities leading to potential breaches. With increasing digitization and interconnectedness, ports are exposed to cyber-attacks on their operational technology (OT) systems, risking disruptions to port operations, cargo handling, and vessel traffic management. Vigilant cybersecurity measures are imperative to safeguard against these evolving threats and ensure the resilience of marine port services.
Opportunity:
Infrastructure development
Infrastructure development in the market is crucial for enhancing operational efficiency and accommodating larger vessels. Investments in modernizing port facilities, such as deepening channels, expanding berths, and deploying advanced cargo handling equipment, facilitate smoother cargo movement and turnaround times. Additionally, upgrading terminal infrastructure for improved connectivity and implementing digital solutions for better logistics management are key trends driving innovation in this sector. These developments ultimately bolster port competitiveness and support the growth of global trade.
Threat:
Environmental concerns
Operations such as shipping, cargo handling, and vessel maintenance contribute to air and water pollution, habitat destruction, and species endangerment. Port authorities and operators are under pressure to adopt sustainable practices, including shore power for vessels, emission control technologies, and waste management systems. Regulations governing ballast water discharge, fuel emissions, and noise pollution are becoming increasingly stringent. Therefore, this is the major factor restraining the growth of the market.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the Marine Port Services market, causing disruptions in global trade and supply chains. Port operations faced challenges due to reduced shipping traffic, workforce shortages, and logistical bottlenecks. Lockdown measures and restrictions on travel further hampered port activities, leading to decreased cargo volumes and revenue losses for port operators. Despite gradual recovery, uncertainty lingers, prompting port authorities to adapt with enhanced safety measures and digitalization to mitigate future disruptions.
The passenger ports segment is expected to be the largest during the forecast period
The passenger ports segment is expected to be the largest during the forecast period due to increasing demand for travel and tourism activities globally. With advancements in infrastructure and technology, passenger ports are enhancing their capacity and efficiency to accommodate larger vessels and cater to growing passenger traffic. Furthermore, the integration of digital solutions is streamlining operations and improving the overall passenger experience, contributing to the positive trajectory of the passenger ports sector within the market.
The military segment is expected to have the highest CAGR during the forecast period
The military segment is expected to have the highest CAGR during the forecast period. Military presence often includes surveillance, vessel inspections, and protection against threats such as piracy or terrorism. Additionally, they facilitate the movement of military personnel and equipment, coordinate with port authorities, and may conduct joint exercises with allied forces. This integration enhances port efficiency, resilience, and readiness, vital for national defense and global maritime operations.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. The marine port services market in the region is highly competitive, with ports vying for market share and striving to attract shipping lines and cargo owners through competitive pricing, efficient services, and strategic partnerships. The adoption of digital technologies, automation, and data analytics is transforming port operations in the region, driving efficiency gains, reducing costs, and improving decision-making processes.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. The rapid economic growth in countries like China and India has led to increased demand for raw materials, manufactured goods, and energy resources, all of which are transported through maritime routes. Many countries in the region have been investing heavily in port infrastructure to accommodate larger vessels and improve efficiency. The increasing volume of imports and exports has been driving the demand for marine port services.
Key players in the market
Some of the key players in Marine Port Services market include International Container Terminal Services Inc., Mediterranean Shipping Company, COSCO Shipping Ports Limited, Ningbo Zhoushan Port Company Limited, Hamburger Hafen Und Logistik AG, DP World Limited, Tianjin Port Development Holdings Ltd, Hutchison Port Holdings, PSA International, China Merchants Port Holdings Company Limited, Shanghai International Port, Nippon Yusen Kaisha, Mitsui O.S.K. Lines and Evergreen Marine.
Key Developments:
In September 2023, International Container Terminal Services, Inc. (ICTSI) announced the ICTSI App to give port users and businesses real-time cargo visibility. The ICTSI App is a secure operative tool that enables port users and cargo owners to monitor the status of their shipments loaded and offloaded from a vessel and those hauled in or out of the port, according to ICTSI.
In July 2023, International Container Terminal Services Inc. (ICTSI) received a 25-year contract to operate and develop a South African terminal handling Durban Container Terminal (DCT) Pier 2 in the Port of Durban.
In May 2023, Ningbo Zhoushan Port and Zhejiang Seaport signed a MoU with DP World, located in Dubai's Jebel Ali Free Trade Zone, to jointly develop comprehensive strategic cooperation in automotive logistics and services for the entire automotive industry chain.
Port Types Covered:
- Dry Ports
- Bulk Cargo Ports
- Passenger Ports
- Fishing Ports
- Other Port Types
Service Types Covered:
- Container Handling Services
- Warehousing and Storage Services
- Ship Repair and Maintenance Services
- Vessel Agency Services
- Marine Equipment Rental Services
- Other Service Types
End Users Covered:
- Tourism
- Military
- Logistics
- Oil and Gas
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Marine Port Services Market, By Port Type
- 5.1 Introduction
- 5.2 Dry Ports
- 5.3 Bulk Cargo Ports
- 5.4 Passenger Ports
- 5.5 Fishing Ports
- 5.6 Other Port Types
6 Global Marine Port Services Market, By Service Type
- 6.1 Introduction
- 6.2 Container Handling Services
- 6.3 Warehousing and Storage Services
- 6.4 Ship Repair and Maintenance Services
- 6.5 Vessel Agency Services
- 6.6 Marine Equipment Rental Services
- 6.7 Other Service Types
7 Global Marine Port Services Market, By End User
- 7.1 Introduction
- 7.2 Tourism
- 7.3 Military
- 7.4 Logistics
- 7.5 Oil and Gas
- 7.6 Other End Users
8 Global Marine Port Services Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 International Container Terminal Services Inc.
- 10.2 Mediterranean Shipping Company
- 10.3 COSCO Shipping Ports Limited
- 10.4 Ningbo Zhoushan Port Company Limited
- 10.5 Hamburger Hafen Und Logistik AG
- 10.6 DP World Limited
- 10.7 Tianjin Port Development Holdings Ltd
- 10.8 Hutchison Port Holdings
- 10.9 PSA International
- 10.10 China Merchants Port Holdings Company Limited
- 10.11 Shanghai International Port
- 10.12 Nippon Yusen Kaisha
- 10.13 Mitsui O.S.K. Lines
- 10.14 Evergreen Marine
List of Tables
- Table 1 Global Marine Port Services Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Marine Port Services Market Outlook, By Port Type (2021-2030) ($MN)
- Table 3 Global Marine Port Services Market Outlook, By Dry Ports (2021-2030) ($MN)
- Table 4 Global Marine Port Services Market Outlook, By Bulk Cargo Ports (2021-2030) ($MN)
- Table 5 Global Marine Port Services Market Outlook, By Passenger Ports (2021-2030) ($MN)
- Table 6 Global Marine Port Services Market Outlook, By Fishing Ports (2021-2030) ($MN)
- Table 7 Global Marine Port Services Market Outlook, By Other Port Types (2021-2030) ($MN)
- Table 8 Global Marine Port Services Market Outlook, By Service Type (2021-2030) ($MN)
- Table 9 Global Marine Port Services Market Outlook, By Container Handling Services (2021-2030) ($MN)
- Table 10 Global Marine Port Services Market Outlook, By Warehousing and Storage Services (2021-2030) ($MN)
- Table 11 Global Marine Port Services Market Outlook, By Ship Repair and Maintenance Services (2021-2030) ($MN)
- Table 12 Global Marine Port Services Market Outlook, By Vessel Agency Services (2021-2030) ($MN)
- Table 13 Global Marine Port Services Market Outlook, By Marine Equipment Rental Services (2021-2030) ($MN)
- Table 14 Global Marine Port Services Market Outlook, By Other Service Types (2021-2030) ($MN)
- Table 15 Global Marine Port Services Market Outlook, By End User (2021-2030) ($MN)
- Table 16 Global Marine Port Services Market Outlook, By Tourism (2021-2030) ($MN)
- Table 17 Global Marine Port Services Market Outlook, By Military (2021-2030) ($MN)
- Table 18 Global Marine Port Services Market Outlook, By Logistics (2021-2030) ($MN)
- Table 19 Global Marine Port Services Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 20 Global Marine Port Services Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 21 North America Marine Port Services Market Outlook, By Country (2021-2030) ($MN)
- Table 22 North America Marine Port Services Market Outlook, By Port Type (2021-2030) ($MN)
- Table 23 North America Marine Port Services Market Outlook, By Dry Ports (2021-2030) ($MN)
- Table 24 North America Marine Port Services Market Outlook, By Bulk Cargo Ports (2021-2030) ($MN)
- Table 25 North America Marine Port Services Market Outlook, By Passenger Ports (2021-2030) ($MN)
- Table 26 North America Marine Port Services Market Outlook, By Fishing Ports (2021-2030) ($MN)
- Table 27 North America Marine Port Services Market Outlook, By Other Port Types (2021-2030) ($MN)
- Table 28 North America Marine Port Services Market Outlook, By Service Type (2021-2030) ($MN)
- Table 29 North America Marine Port Services Market Outlook, By Container Handling Services (2021-2030) ($MN)
- Table 30 North America Marine Port Services Market Outlook, By Warehousing and Storage Services (2021-2030) ($MN)
- Table 31 North America Marine Port Services Market Outlook, By Ship Repair and Maintenance Services (2021-2030) ($MN)
- Table 32 North America Marine Port Services Market Outlook, By Vessel Agency Services (2021-2030) ($MN)
- Table 33 North America Marine Port Services Market Outlook, By Marine Equipment Rental Services (2021-2030) ($MN)
- Table 34 North America Marine Port Services Market Outlook, By Other Service Types (2021-2030) ($MN)
- Table 35 North America Marine Port Services Market Outlook, By End User (2021-2030) ($MN)
- Table 36 North America Marine Port Services Market Outlook, By Tourism (2021-2030) ($MN)
- Table 37 North America Marine Port Services Market Outlook, By Military (2021-2030) ($MN)
- Table 38 North America Marine Port Services Market Outlook, By Logistics (2021-2030) ($MN)
- Table 39 North America Marine Port Services Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 40 North America Marine Port Services Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 41 Europe Marine Port Services Market Outlook, By Country (2021-2030) ($MN)
- Table 42 Europe Marine Port Services Market Outlook, By Port Type (2021-2030) ($MN)
- Table 43 Europe Marine Port Services Market Outlook, By Dry Ports (2021-2030) ($MN)
- Table 44 Europe Marine Port Services Market Outlook, By Bulk Cargo Ports (2021-2030) ($MN)
- Table 45 Europe Marine Port Services Market Outlook, By Passenger Ports (2021-2030) ($MN)
- Table 46 Europe Marine Port Services Market Outlook, By Fishing Ports (2021-2030) ($MN)
- Table 47 Europe Marine Port Services Market Outlook, By Other Port Types (2021-2030) ($MN)
- Table 48 Europe Marine Port Services Market Outlook, By Service Type (2021-2030) ($MN)
- Table 49 Europe Marine Port Services Market Outlook, By Container Handling Services (2021-2030) ($MN)
- Table 50 Europe Marine Port Services Market Outlook, By Warehousing and Storage Services (2021-2030) ($MN)
- Table 51 Europe Marine Port Services Market Outlook, By Ship Repair and Maintenance Services (2021-2030) ($MN)
- Table 52 Europe Marine Port Services Market Outlook, By Vessel Agency Services (2021-2030) ($MN)
- Table 53 Europe Marine Port Services Market Outlook, By Marine Equipment Rental Services (2021-2030) ($MN)
- Table 54 Europe Marine Port Services Market Outlook, By Other Service Types (2021-2030) ($MN)
- Table 55 Europe Marine Port Services Market Outlook, By End User (2021-2030) ($MN)
- Table 56 Europe Marine Port Services Market Outlook, By Tourism (2021-2030) ($MN)
- Table 57 Europe Marine Port Services Market Outlook, By Military (2021-2030) ($MN)
- Table 58 Europe Marine Port Services Market Outlook, By Logistics (2021-2030) ($MN)
- Table 59 Europe Marine Port Services Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 60 Europe Marine Port Services Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 61 Asia Pacific Marine Port Services Market Outlook, By Country (2021-2030) ($MN)
- Table 62 Asia Pacific Marine Port Services Market Outlook, By Port Type (2021-2030) ($MN)
- Table 63 Asia Pacific Marine Port Services Market Outlook, By Dry Ports (2021-2030) ($MN)
- Table 64 Asia Pacific Marine Port Services Market Outlook, By Bulk Cargo Ports (2021-2030) ($MN)
- Table 65 Asia Pacific Marine Port Services Market Outlook, By Passenger Ports (2021-2030) ($MN)
- Table 66 Asia Pacific Marine Port Services Market Outlook, By Fishing Ports (2021-2030) ($MN)
- Table 67 Asia Pacific Marine Port Services Market Outlook, By Other Port Types (2021-2030) ($MN)
- Table 68 Asia Pacific Marine Port Services Market Outlook, By Service Type (2021-2030) ($MN)
- Table 69 Asia Pacific Marine Port Services Market Outlook, By Container Handling Services (2021-2030) ($MN)
- Table 70 Asia Pacific Marine Port Services Market Outlook, By Warehousing and Storage Services (2021-2030) ($MN)
- Table 71 Asia Pacific Marine Port Services Market Outlook, By Ship Repair and Maintenance Services (2021-2030) ($MN)
- Table 72 Asia Pacific Marine Port Services Market Outlook, By Vessel Agency Services (2021-2030) ($MN)
- Table 73 Asia Pacific Marine Port Services Market Outlook, By Marine Equipment Rental Services (2021-2030) ($MN)
- Table 74 Asia Pacific Marine Port Services Market Outlook, By Other Service Types (2021-2030) ($MN)
- Table 75 Asia Pacific Marine Port Services Market Outlook, By End User (2021-2030) ($MN)
- Table 76 Asia Pacific Marine Port Services Market Outlook, By Tourism (2021-2030) ($MN)
- Table 77 Asia Pacific Marine Port Services Market Outlook, By Military (2021-2030) ($MN)
- Table 78 Asia Pacific Marine Port Services Market Outlook, By Logistics (2021-2030) ($MN)
- Table 79 Asia Pacific Marine Port Services Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 80 Asia Pacific Marine Port Services Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 81 South America Marine Port Services Market Outlook, By Country (2021-2030) ($MN)
- Table 82 South America Marine Port Services Market Outlook, By Port Type (2021-2030) ($MN)
- Table 83 South America Marine Port Services Market Outlook, By Dry Ports (2021-2030) ($MN)
- Table 84 South America Marine Port Services Market Outlook, By Bulk Cargo Ports (2021-2030) ($MN)
- Table 85 South America Marine Port Services Market Outlook, By Passenger Ports (2021-2030) ($MN)
- Table 86 South America Marine Port Services Market Outlook, By Fishing Ports (2021-2030) ($MN)
- Table 87 South America Marine Port Services Market Outlook, By Other Port Types (2021-2030) ($MN)
- Table 88 South America Marine Port Services Market Outlook, By Service Type (2021-2030) ($MN)
- Table 89 South America Marine Port Services Market Outlook, By Container Handling Services (2021-2030) ($MN)
- Table 90 South America Marine Port Services Market Outlook, By Warehousing and Storage Services (2021-2030) ($MN)
- Table 91 South America Marine Port Services Market Outlook, By Ship Repair and Maintenance Services (2021-2030) ($MN)
- Table 92 South America Marine Port Services Market Outlook, By Vessel Agency Services (2021-2030) ($MN)
- Table 93 South America Marine Port Services Market Outlook, By Marine Equipment Rental Services (2021-2030) ($MN)
- Table 94 South America Marine Port Services Market Outlook, By Other Service Types (2021-2030) ($MN)
- Table 95 South America Marine Port Services Market Outlook, By End User (2021-2030) ($MN)
- Table 96 South America Marine Port Services Market Outlook, By Tourism (2021-2030) ($MN)
- Table 97 South America Marine Port Services Market Outlook, By Military (2021-2030) ($MN)
- Table 98 South America Marine Port Services Market Outlook, By Logistics (2021-2030) ($MN)
- Table 99 South America Marine Port Services Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 100 South America Marine Port Services Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 101 Middle East & Africa Marine Port Services Market Outlook, By Country (2021-2030) ($MN)
- Table 102 Middle East & Africa Marine Port Services Market Outlook, By Port Type (2021-2030) ($MN)
- Table 103 Middle East & Africa Marine Port Services Market Outlook, By Dry Ports (2021-2030) ($MN)
- Table 104 Middle East & Africa Marine Port Services Market Outlook, By Bulk Cargo Ports (2021-2030) ($MN)
- Table 105 Middle East & Africa Marine Port Services Market Outlook, By Passenger Ports (2021-2030) ($MN)
- Table 106 Middle East & Africa Marine Port Services Market Outlook, By Fishing Ports (2021-2030) ($MN)
- Table 107 Middle East & Africa Marine Port Services Market Outlook, By Other Port Types (2021-2030) ($MN)
- Table 108 Middle East & Africa Marine Port Services Market Outlook, By Service Type (2021-2030) ($MN)
- Table 109 Middle East & Africa Marine Port Services Market Outlook, By Container Handling Services (2021-2030) ($MN)
- Table 110 Middle East & Africa Marine Port Services Market Outlook, By Warehousing and Storage Services (2021-2030) ($MN)
- Table 111 Middle East & Africa Marine Port Services Market Outlook, By Ship Repair and Maintenance Services (2021-2030) ($MN)
- Table 112 Middle East & Africa Marine Port Services Market Outlook, By Vessel Agency Services (2021-2030) ($MN)
- Table 113 Middle East & Africa Marine Port Services Market Outlook, By Marine Equipment Rental Services (2021-2030) ($MN)
- Table 114 Middle East & Africa Marine Port Services Market Outlook, By Other Service Types (2021-2030) ($MN)
- Table 115 Middle East & Africa Marine Port Services Market Outlook, By End User (2021-2030) ($MN)
- Table 116 Middle East & Africa Marine Port Services Market Outlook, By Tourism (2021-2030) ($MN)
- Table 117 Middle East & Africa Marine Port Services Market Outlook, By Military (2021-2030) ($MN)
- Table 118 Middle East & Africa Marine Port Services Market Outlook, By Logistics (2021-2030) ($MN)
- Table 119 Middle East & Africa Marine Port Services Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 120 Middle East & Africa Marine Port Services Market Outlook, By Other End Users (2021-2030) ($MN)
