Market Size of Stevedoring and Marine Cargo Handling Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.60 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Stevedoring & Marine Cargo Handling market Analysis
The size of Stevedoring & Marine Cargo Handling Market is USD 10.7 billion in the current year and is anticipated to register a CAGR of over 3.6% during the forecast period.
- The stevedoring industry is undergoing privatization-driven consolidation and the emergence of global pure terminal operators. Administrators in the Stevedoring and Marine Cargo industry give cargo stacking and dumping administrations to business cargo vessels. For waterborne transportation, interest in stevedoring is exceptionally delicate to levels of assembling and worldwide exchange movement.
- The introduction of new automated technology by stevedores has reduced productivity and all industrial actions taken by the stevedoring workforce have been approved by various associations across the globe.
- When the Covid-19 disrupted the whole world, people switched to online commerce which has fuelled the international trade, thus boosting the discussed market. The COVID-19 pandemic has illustrated the importance of the container freight supply chain to the world. The cost of not addressing these issues is likely to be significant for many businesses and the world economy as a whole.
