Global Marine Ports and Services Market – Industry Analysis and Forecast (2019-2027)
Global Marine Ports and Services Market was valued at US$ XX Mn in 2019 and is expected to reach US$ XXMn by 2027 at a CAGR of XX % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Marine Ports and Services Market Dynamics:
Marine ports and services market offers safety and security amenities, infrastructure development and enhances services, such as vessel traffic service, emergency services, and vessel bookings and cancellation services. Marine ports and services also provide reliable and harmless movement of cargo and passenger vessels. It provides abrupt responses to safety and environmental apprehension associated with a marine vessel of all class such as liquid cargo, dry bulk cargo, and tourism or passenger ships.
The major drivers of growth for this industry are set to be the high growth of marine cargo transportation manufacturing and the surging demand for containerized and bulk cargo. Increasing global exports, growing customer demand, and expansion of new regional trade hubs are the additional factors contributing to accelerated growth.
Global Marine Ports and Services Market Segment Analysis:
Within the marine port and service industry, the container handling service segment is estimated to emerge as the leading market by value, followed by the ship repair and maintenance service segment. Because of an increase in containerization, industry players are adopting advanced handling equipment for fast operation. The increase in world container is estimated for the growth of this segment over the forecast period.
Global Marine Ports and Services Market Regional Insights:
The report further notes that the Asia Pacific is expected to remain the largest industry because of tremendous economic growth in China and India, while Europe and North America are estimated to grow significantly due to increasing industrial production, high international trade, and subsequent rise in the demand for marine freight transportation.
On the basis of its complete research, the report estimates that the container handling services and navigation services segments will show above-average growth during the forecast period. The study comprises the marine port and service market size and forecast for the global marine port and service market through 2027, segmented by service and region.
The report analyzes the potency of buyers & suppliers, threat of substitute products, and new entrants based on Porter’s five force model. The bargaining power of suppliers is low as the buyers are government organizations that have higher negotiating power in the market. The potency of buyers is high as they are knowledgeable about the requirements of security at ports. Moreover, there are multiple suppliers in the market and buyers can easily switch to other suppliers at minimal switching cost. The threat of substitute products is high as companies are constantly developing new solutions and services. The market requires high technical expertise and capital investment; therefore, the threat of new entrants is low. Companies are involved in partnerships and collaborations to share technical expertise, which minimizes the intensity of rivalry in the market. The key investment pockets are analyzed based on the market valuations of each segment.
The objective of the report is to present a comprehensive assessment of the market and contain insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by product type, end-user, and region and, projects the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the marine ports and services market.
Global Marine Ports and Services Market, Key Highlights:
• Global Marine Ports and Services Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Marine Ports and Services Market
• Global Marine Ports and Services Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Marine Ports and Services Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Marine Ports and Services Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Marine Ports and Services Market are also profiled.
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Scope of the Global Marine Ports and Services Market Report: Inquire before buying
Global Marine Ports and Services Market, By Service
• Container Handling
• Ship Repair and Maintenance
• Navigation
• Supply Chain and Logistics Solution
• Mechanical and Electrical Engineering
Global Marine Ports and Services Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Marine Ports and Services Market:
• Hutchison Whampoa Limited
• DP World Limited
• A.P. Moller-Maersk A/S PSA International
• Ningbo Port Company Limited
• Shanghai International Port Co. Ltd.
• Mitsubishi Logistic Corporation
• Tianjin Port Company
• Hamburger Hafen
• Logistik AG
• Patrick - Asciano
• PSA International Pte Ltd.
• APM Terminals
• CK Hutchison Holdings Limited
• HHLA
• China Merchants Port Holdings Company Limited
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