Dublin, Jan. 10, 2025 (GLOBE NEWSWIRE) — The “Ports and Terminal Operations – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Ports and Terminal Operations is valued at USD 73.2 billion in 2023 and is projected to reach USD 132.6 billion by 2030, growing at a CAGR of 8.9% from 2023 to 2030. This comprehensive report provides an analysis of in-depth market trends, drivers and forecasts, helping you make informed business decisions.
Growth in the port and terminal operations market is driven by several factors. The increasing volume of global trade, driven by economic growth and consumer demand, is a major driver, requiring the expansion and modernization of port facilities. Technological advances in automation and digitization are making ports more efficient and capable of handling greater volumes of cargo, attracting investment and development. The growth of mega-ships and the need for deeper and more advanced harbors to accommodate these ships is another significant factor.
In addition, the focus on sustainability and the implementation of green port initiatives are driving investments in environmentally friendly technologies and practices. Geopolitical developments and changing trade patterns are also influencing the market, with ports being strategically upgraded to capitalize on new trade routes and opportunities. These factors together ensure robust growth in the port and terminal operations market, meeting the evolving needs of global trade and logistics.
Key insights:
- Market Growth: Understand the significant growth trajectory of the Stevedoring Service segment, which is expected to reach USD 63.2 billion by 2030 at a CAGR of 9.6%. The Freight Forwarding and Handling Service segment is also set to grow at 8.6% CAGR during the analysis period.
- Regional Analysis: Gain insight into the US market, estimated at USD 19.9 billion in 2023 and China, projected to grow at an impressive CAGR of 12.4% to reach USD 27.8 billion by 2030. Discover growth trends in regions of other key markets, including Japan, Canada, Germany, and Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD million from 2023 to 2030.
- In-depth regional analysis: Detailed insights into key markets, including the US, China, Japan, Canada, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
- Company Profiles: Covering major players like Adani Ports and Special Economic Zone Limited, APM Terminals, Baird & Associates, and more.
- Complementary updates: Get free report updates for a year to keep you informed of the latest market developments.
Main attributes:
| The report attribute | The details |
| Number of pages | 293 |
| Forecast period | 2023 – 2030 |
| Estimated market value (USD) in 2023 | 73.2 billion dollars |
| Projected market value (USD) by 2030 | 132.6 billion dollars |
| Compound Annual Growth Rate | 8.9% |
| Regions covered | global |
Main topics covered:
MARKET SUMMARY
- Influencer Market Insights
- World Market Trajectories
- Global economic update
- Port and Terminal Operations – Market Share of Top Global Competitors in 2024 (E)
- Competitive market presence – strong/active/country/irrelevant for worldwide players in 2024 (E)
TRENDS AND INDICATORS
- Increasing Global Trade and Maritime Activities Drive Market Growth
- Technological innovations in port and terminal operations strengthen the business case
- Increased investment in port infrastructure expands the addressable market opportunity
- The increasing adoption of automation and robotics in port operations drives efficiency
- The expansion of smart port technologies increases operational efficiency
- Increasing focus on sustainability and green port initiatives generates demand
- Cooperations between ports and logistics companies strengthen the market position
- Increasing Use of IoT and Big Data Analytics in Adoption of Port Management Directions
- The impact of government policies and regulations on port operations accelerates the market
- The increasing demand for efficient cargo handling solutions is driving the market growth
- The growth of container shipping and mega ships expands market opportunities
- The impact of geopolitical factors on global trade routes drives market dynamics
- Increasing focus on Increasing Security and Port Security Measures supports the market
- Innovations in digital twin technology for port operations increase market efficiency
FOCUS ON SELECTED PLAYERS (Total 53 featured)
- Adani Ports and Special Economic Restricted Zone
- APM terminals
- Baird & Associates
- Basra multi-functional terminal
- BMT Group Limited
- CMA CGM SA
- Davao International Container Terminal Inc.
- DP World Limited
- Envision Enterprise Solutions Pvt. Ltd.
- Global Ports Management LLC
- Gulftainer Company Limited
- Nokia Dac
- PSA BDP
- PSA International Pte Ltd
- SAAM terminals
- SIPG Bayport Terminal Co Ltd
For more information about this report, visit https://www.researchandmarkets.com/r/abxed2
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, top industries, top companies, new products and the latest trends.
-
Global Ports and Terminal Operations Market
