With the emergence and long-term Impact of COVID-19, Global Marine Port Services Market to reach USD 122.56 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Marine Port Services Market points towards a potential rise to USD 122.56 billion by 2030. Marine port services encompass activities such as cargo handling, customs clearance, terminal operations, bunkering, security, and passenger services, vital for the efficient operation of ports and facilitation of maritime trade. They ensure smooth vessel operations, efficient cargo flow, compliance with regulations, and the provision of essential services to vessels and passengers. The Global Marine Port Services Market is continuously growing due to factors such as the development of ports, increasing marine trade and rising container handling services.
Geographically, the global Marine Port Services market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022owing to factors such as rising sea trade activities, development of new ports, development in technologies, diverse industrial sectors, and integrated transportation networks. Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as increasing maritime trade, development of infrastructure, rising foreign trade, increasing urbanization and industrialization that led to the market growth of Marine Port Services Market globally.
The global Marine Port Services market is highly competitive owing to the presence of several key players such as AP Moller Maersk DP World Limited Hamburger Hafen Und Logistik AG Hutchinson Whampoa Limited Ningbo Zhoushan Port Company Limited Shanghai International Port Group Tianjin Port Development Holdings Ltd. International Container Terminal Services Inc. Shipping Solutions and Services Ltd. CarboShield Inc, and others.
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Key findings of the study suggest:
- Global Marine Port Services Market is anticipated to grow with a healthy growth rate of more than 4.57% over the forecast period 2023-2030.
- In the Services segment, Container Handling Services emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to rising sea trade activities in the region.
- Asia Pacific is expected to grow at higher rate owing to increasing maritime trade in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Services:
- Container handling services
- Ship repair and maintenance services
- Navigation services
- Supply chain and logistic solution services
- Mechanical and electrical engineering services
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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