Europe Container Terminal Operations Market Size

Europe Container Terminal Operations Market Analysis

The Europe Container Terminal Operations Market size is estimated at USD 12.72 billion in 2024, and is expected to reach USD 15.26 billion by 2029, growing at a CAGR of 3.70% during the forecast period (2024-2029).

• The main growth drivers in the container terminal operations market are increasing marine trade and container handling services. The high cost of operating ports and terminals solely constrains the market. As new technological advancements like artificial intelligence, automation, the internet of things, robotics, and others occur, new opportunities are anticipated to appear.
• Throughout its history, maritime transport drove economic growth and prosperity in Europe. Trade and relationships between all European countries are made possible through maritime transport. It provides the primary transportation means for European imports and exports to the rest of the globe and maintains energy, food, and commodities supply security. The majority of the EU's international freight commerce is carried by sea. In terms of ton-km, short sea transportation accounts for one-third of intra-EU exchanges. Quality maritime transport services are essential to maintaining a high standard of living on Europe's islands and in remote maritime regions.
• For the past few years, there were difficulties with international shipping. Once the COVID-19 pandemic arose in late 2019 and began to affect most countries' real economies globally in early to mid-2020 (Grömling, 2021), the growth of global commerce began to decelerate. Significant supply chain interruptions and logistical issues resulted from this. Demand quickly increased in 2021 as economies began to recover. International shipping routinely made headlines due to tenfold spikes in container freight prices, week-long lines in vital ports, and one-off occurrences like the Suez Canal blockage.