|Fastest Growing Market:||North America|
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The Global Container Terminal Operations Market is anticipated to register a CAGR of greater than 5% during the forecast period.
The global supply chain in the maritime industry has been facing a series of challenges since the start of the COVID-19 pandemic in early 2020. Port closures due to coronavirus outbreaks, port congestions, rising prices of bunker fuel, and problems with capacity utilization were plaguing the global marine port services industry for most of 2020 and 2021. Due to the pandemic, the volume of containers transported globally shrank by about 0.8 percent in 2020.
On the other hand, the recent spike in container freight rates turned out extremely profitable for marine port services operators who reported record high-profit margins in 2021.
Container terminal services are very complex in nature and mainly depend upon the nature of shipment and cargo. Cargo can be anything cars, merchandise, crude oil, mineral, and other types. A different set of machinery, expertise, and manpower is required to handle and manage different type of cargos. The ferry services requires different type of ports for its handling. The lack of efficiency in operations at container terminal is not desirable and led to accidents as well. So the container terminal operations should be highly efficient and flawless. Therefore container terminal operations are the core of the maritime industry.
Asia-pacific is the largest region in the market whereas North-America is the fastest growing region in the market. The Asia-pacific region is experiencing high growth in investments in new port development. India alone invested over USD 82 billion in over 400 ports. China, Singapore, Japan, and the Philippines are also focusing on new port developments and actively incorporating new technology. On the other hand, North America has a strong presence of port and terminal operating companies.
Growing maritime trade and rise in container handling services are the leading factor in boosting the container terminal operations market. The only restraint the market faces is the high cost of port and terminal operations. New opportunities are expected to arise as new technological developments are taking places such as , artificial intelligence, automation, IoT, robotics and others. In 2021 world’s fully automated port began operations in China.
Scope of the Report
Container Terminal Operation and Cargo Handling Container terminals are designated for the handling, storage, and possibly loading or unloading of cargo into or out of containers, and where containers can be picked up, dropped off, maintained, stored, or loaded or unloaded from one mode of transport to another (that is, vessel, truck, barge, or rail). The main activity of a container terminal is the transfer of cargo units from one transport modality to another. The Global Container Terminal Operations Market is segmented By Service (Stevedoring, Cargo Handling & Transportation, and Others), By Cargo Type (Dry Cargo, Crude Oil, and Other Liquid Cargo), and By Geography (North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa). The report offers market size and forecasts for Global Container Terminal Operations Market in value ( USD Billion ) for all the above segments. The report offers market size and forecasts for Global Container Terminal Operations Market in value ( USD Billion ) for all the above segments.
|Cargo Handling & Transportation|
|By Cargo Type|
|Other Liquid Cargo|
Key Market Trends
Rise in Container Seaborne Trade is a Major Driver
Maritime shipping is the backbone of world trade; it is estimated that some 80 percent of all goods are carried by sea. With the growth of the world economy over the past decades, the volume of freight transported by ships has increased as well. In 2020, about 1.85 billion metric tons of cargo were shipped globally.
In 2020, the leading container-handling ports worldwide were located in the Asia-Pacific region. The port of Shanghai was the busiest container port in the world, handling about 47 million TEUs of containerized cargo in 2020. In addition to the Asia-Pacific region, North America and Europe are important hubs for containerized cargo as well. In its 2020 fiscal year, the Port of Los Angeles handled almost 10.9 million TEUs, making it the largest container port in the United States. In Europe, the Port of Rotterdam topped the ranking as the largest container port on the continent, handling nearly 8.9 million containers in 2021.
In January 2022, the global container shipping throughput recorded an index value of 123.3, an increase from 118.2 in December 2021, but lower than the value of 124.3 reported in August 2021. Container throughput in Europe shot up in 2021, rising by 4.6 percent compared to the previous year when the throughput had contracted by 3.2 percent.
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Increasing Maritime Trade
According to data published by the United Nations Conference on Trade and Development (UNCTAD), globalization has caused a steep increase in maritime trade over the past few decades. In 2019, the global maritime trade volume amounted to just over 11 billion metric tons of goods loaded, whereas, in 2020, this volume amounted to some 10.6 billion metric tons.
In 2020, around 1.85 billion tons of containerized cargo and some 3.2 billion tons of bulk cargo were loaded in ports worldwide. In 2020, Asia accounted for most of the global maritime trade. Ports in Asia were responsible for loading almost 42 percent and unloading roughly 67 percent of all goods transported by sea worldwide. Some of the biggest ports in the world are located in Asia, mainly in China.
The surge in global sea trade is expected to increase the demand for product maritime transport, which is the pillar of international trade and the global economy. A rise in seaborne trade across the globe is expected to fuel the growth of the market during the global marine vessel industry forecast period. Moreover, the rapid expansion of the developing countries and globalization is expected to play a major role in the increasing maritime trade.
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The market is relatively fragmented, with a large number of local and International players like A.P. Moller - Maersk, International Container Terminal Services Inc, PSA International Pte. Ltd., China Merchants Port Holdings Co. Ltd. and Hutchison Port Holdings Trust. The Market is expected to show a positive growth in the forecast period as many companies are jumping into the market.
- On 15 June 2022, One of the leading player, AP Mollar Maersk announced it's expansion in New Zealand. Maersk is launching a new dedicated New Zealand coastal service – “Maersk Coastal Connect”, to enable a more resilient New Zealand supply chain and improve vessel schedule reliability. By deploying two 2,500 TEU container vessels, Maersk Nadi and Maersk Nansha on a weekly basis, five main ports in New Zealand, namely Timaru, Lyttelton, Nelson, Auckland and Tauranga will be called respectively in the service rotation, enhancing connectivity and providing easy access to Maersk’s global network. The combined North to South and South to North capacity will reach 250,000 TEU each year. Maersk Coastal Connect will start on the 12th of July 2022. The service will be operated with New Zealand crew to support the local community and ensure continued to investment in New Zealand.
- On 15 June 2022, TecPlata S.A., Interntational Container Terminal Services, Inc.’s business unit in Argentina, has entered into an agreement with Vessel S.A., one of Uruguay’s major feeder operators, for the operation of a new weekly service between the La Plata Port and the Port of Montevideo in Uruguay. The service, which will link TecPlata with Montevideo port operators Montecon and Terminal Cuenca del Plata, will allow import and export cargo to reach new markets and expand TecPlata’s services further across the Gulf Region, the U.S. East Coast, the Mediterranean and Northern Europe. It will also add to TecPlata’s already consolidated services connecting to Brazil and Asia and provide customers with new alternatives as cargo from the Santa Fe–La Plata logistics corridor can be integrated into the new service.
Table of Contents
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porters 5 Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 PESTLE Analysis
4.7 Technological Advancements In The Market
4.8 Impact Of Covid -19 On The Market
5. MARKET SEGMENTATION
5.1 By Service
5.1.2 Cargo Handling & Transportation
5.2 By Cargo Type
5.2.1 Crude Oil
5.2.2 Dry Cargo
5.2.3 Other Liquid Cargo
5.3.1 North America
188.8.131.52 Rest of Europe
5.3.3 Asia Pacific
184.108.40.206 South Korea
220.127.116.11 Rest Of Asia Pacific
5.3.4 South America
18.104.22.168 Rest of South America
5.3.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 South Africa
188.8.131.52 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 International Container Terminal Services Inc
6.2.2 AP Moller Maersk
6.2.3 PSA International Pte. Ltd
6.2.4 China Merchants Port Holdings Co. Ltd
6.2.5 Hutchison Port Holdings Trust
6.2.6 Dubai Ports World (DPW)
6.2.7 Terminal Investment Limited (TIL
6.2.8 Evergreen Marine Corporation (EMC)
6.2.9 SSA Marine
6.2.10 Eurogate Container Terminal Ltd
6.2.11 DP World PLC
6.2.12 APM Terminals Management BV*
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Global container terminal operations market market is studied from 2022 - 2027.
What is the growth rate of Global container terminal operations market?
The Global container terminal operations market is growing at a CAGR of >5% over the next 5 years.
Which region has highest growth rate in Global container terminal operations market?
North America is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global container terminal operations market?
Asia-Pacific holds highest share in 2021.
Who are the key players in Global container terminal operations market?
A.P. Moller - Maersk , International Container Terminal Services Inc, PSA International Pte. Ltd., China Merchants Port Holdings Co. Ltd, Hutchison Port Holdings Trust are the major companies operating in Global container terminal operations market.