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Global Marine Port Services Market to reach USD 122.56 billion by the end of 2030

Global Marine Port Services Market Size study&Forecast, byService (Container Handling Services, Ship Repair and Maintenance Services, Navigation Services, Supply chain and Logistic Solution Services, Mechanical and Electrical Engineering Services) Regional Analysis, 2023-2030

Product Code: ALTAWT-28110609
Publish Date: 29-02-2024
Page: 200

Global Marine Port Services Market is valued at approximately USD 85.72billion in 2022and is anticipated to grow with a healthy growth rate of more than 4.57%during the forecast period 2023-2030.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 asthe development of ports,increasing marine trade and rising container handling services.

Due to a rapid increase in marine trade, the demand for Marine Port Services has gradually increased. According to United Nations Conference on Trade and Development (UNCTAD), maritime trade is projected to witness a 2.4% expansion in 2023, with further growth anticipated to exceed 2% annually from 2024 to 2028. Furthermore, according to the OECD, this upward trajectory in global freight demand is expected to propel maritime trade volumes to triple by 2050. Such developments signify a burgeoning market for marine port services, which are poised to experience heightened activity and demand to accommodate the escalating flow of goods and commodities worldwide. Moreover, technological developments as well as rapid industrialization and urbanization are the opportunities for the Global Marine Port Services Market that led to market growth throughout the forecast period. However, the lack of skilled labors and stringent regulations by authorities stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Marine Port Services Marketstudy includesAsia Pacific, North America, Europe, Latin America, and Middle East & Africa.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 overthe 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.

Major market player included in this report are:
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.

Recent Developments in the Market:
Ø In June 2022, DP World and the Saudi Ports Authority announced a significant new partnership for the Jeddah logistics park. This 30-year agreement involves an investment exceeding SAR 500 million (USD 133.33 million) to construct a cutting-edge, port-centric Logistics Park at the Jeddah Islamic Port. The goal of the agreement is to establish a logistics park covering 415,000 square meters, including an in-land container depot capable of accommodating around 250,000 TEU and a warehousing storage space of 100,000 square meters. Potential expansions could raise the storage space to 200,000 square meters.
Ø In May 2021, Hutchison Ports Netherlands B.V., a subsidiary of Hutchison Ports, finalized a deal to purchase the Rotterdam container terminal APM Terminals Rotterdam (APMTR) from APM Terminals.
Ø In May 2021, Régie du Terminal à Conteneurs (RTC), a terminal operator in Cameroon, purchased two Gottwald Model 6 Mobile Harbor Cranes from Konecranes to enhance its container handling capacity.

Global Marine Port Services MarketReport Scope:
ü Historical Data –2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Services, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potentialopportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

Container handling services
Ship repair and maintenance services
Navigation services
Supply chain and logistic solution services
Mechanical and electrical engineering services

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Marine Port Services Market, by Region, 2020-2030 (USD Billion)
1.2.2. Marine Port ServiceMarket, by Services ,2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Marine Port Services Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Marine Port Services Market Dynamics
3.1. Marine Port Services Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Developments of Ports Increasing Maritime Trade Rising Container Handling Services
3.1.2. Market Challenges Lack of Skilled Labours Stringent Regulations by Authorities
3.1.3. Market Opportunities Technological Developments Rapid industrialization and urbanization
Chapter 4. Global Marine Port Services MarketIndustry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Marine Port Services Market, by Services
5.1. Market Snapshot
5.2. Global Marine Port Services Market by Services , Performance – Potential Analysis
5.3. Global Marine Port Services Market Estimates & Forecasts by Services 2020-2030 (USD Billion)
5.4. Marine Port Services Market, Sub Segment Analysis
5.4.1. Container handling services
5.4.2. Ship repair and maintenance services
5.4.3. Navigation services
5.4.4. Supply chain and logistic solution services
5.4.5. Mechanical and electrical engineering services
Chapter 6. Global Marine Port Services Market, Regional Analysis
6.1. Top Leading Countries
6.2. Top Emerging Countries
6.3. Marine Port Services Market, Regional Market Snapshot
6.4. North America Marine Port Services Market
6.4.1. U.S.Marine Port Services Market Services breakdown estimates & forecasts, 2020-2030
6.4.2. CanadaMarine Port Services Market
6.5. Europe Marine Port Services Market Snapshot
6.5.1. U.K. Marine Port Services Market
6.5.2. Germany Marine Port Services Market
6.5.3. France Marine Port Services Market
6.5.4. Spain Marine Port Services Market
6.5.5. Italy Marine Port Services Market
6.5.6. Rest of EuropeMarine Port Services Market
6.6. Asia-PacificMarine Port Services Market Snapshot
6.6.1. China Marine Port Services Market
6.6.2. India Marine Port Services Market
6.6.3. JapanMarine Port Services Market
6.6.4. Australia Marine Port Services Market
6.6.5. South Korea Marine Port Services Market
6.6.6. Rest of Asia PacificMarine Port Services Market
6.7. Latin America Marine Port Services Market Snapshot
6.7.1. Brazil Marine Port Services Market
6.7.2. MexicoMarine Port Services Market
6.8. Middle East & AfricaMarine Port Services Market
6.8.1. Saudi ArabiaMarine Port Services Market
6.8.2. South AfricaMarine Port Services Market
6.8.3. Rest of Middle East & AfricaMarine Port Services Market

Chapter 7. Competitive Intelligence
7.1. Key Company SWOT Analysis
7.1.1. Company 1
7.1.2. Company 2
7.1.3. Company 3
7.2. Top Market Strategies
7.3. Company Profiles
7.3.1. AP Moller Maersk Key Information Overview Financial (Subject to Data Availability) ProductSummary Recent Developments
7.3.2. DP World Limited
7.3.3. Hamburger Hafen Und Logistik AG
7.3.4. Hutchinson Whampoa Limited
7.3.5. Ningbo Zhoushan Port Company Limited
7.3.6. Shanghai International Port Group
7.3.7. Tianjin Port Development Holdings Ltd.
7.3.8. International Container Terminal Services Inc.
7.3.9. Shipping Solutions and Services Ltd.
7.3.10. CarboShield Inc.
Chapter 8. Research Process
8.1. Research Process
8.1.1. Data Mining
8.1.2. Analysis
8.1.3. Market Estimation
8.1.4. Validation
8.1.5. Publishing
8.2. Research Attributes
8.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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