According to a new market report published by
Lucintel, the future of the global marine port and service market looks promising
with opportunities in container handling services, ship repair and maintenance
services, navigation services, supply chain and logistics solution services and
mechanical and electrical engineering services. The global marine port and
service market is expected to reach an estimated $87.8 billion by 2023 and it is
forecast to grow at a CAGR of 4.2% from 2018 to 2023. The major drivers of growth
for this market are high growth of the marine transportation industry, surging
demand of containerized and bulk cargo, rising customer demand and expansion of
new regional trade hubs.
Container handling services, ship repair and
maintenance services, navigation services, supply chain and logistics solution
services and mechanical and electrical engineering services are some of the
major segments of the global marine port and service market. On the basis of its
comprehensive research, Lucintel forecasts that the container handling services
and navigation services segments will show above average growth during the
forecast period.
APAC is expected to remain the largest region
due to rising customer demand and expansion of new regional trade hubs in
operation have driven the demand for marine port and service in the APAC region.
Europe and Asia Pacific are expected to
witness significant growth over the forecast period because of high growth of
the marine freight transportation industry, surging demand of containerized and
bulk cargo.
Emerging trends, which have a direct impact on
the dynamics of the industry, include the vessel traffic services,
self-unloading bulk carrier technology and marine port privatization. Hutchison Whampoa Limited, DP World Limited, A.P.
Moller-Maersk A/S PSA International and Ningbo Port Company Limited, Shanghai
International Port Co. Ltd., Mitsubishi Logistic Corporation, Tianjin Port
Company, and Hamburger Hafen are the major service
provider in the global marine port and service market.
Lucintel, a leading
global strategic consulting and market research firm, has analyzed growth opportunities
in the global marine port and services market by Service type and region.
Lucintel has compiled a comprehensive research report entitled “Growth Opportunities
in the Global Marine Port and Service Market 2018-2023: Trends, Forecast, and
Opportunity Analysis.” The Lucintel report serves as a catalyst for
growth strategy, as it provides comprehensive data and analysis on trends, key
drivers, and directions. The study includes a forecast for the global marine
port and service market by service and region, as
follows:
By Service ($ Billion from 2012 to 2023):
- Container Handling Services
- Ship Repair and Maintenance Services
- Navigation Services
- Supply Chain and Logistics Solution Services
- Mechanical and Electrical Engineering Services
By Region ($ Billion from 2012 to 2023):
- North America
o
US
o
Canada
o
Mexico
- Europe
o
Germany
o
France
o
Russia
o
United Kingdom
o
Spain
- Asia Pacific
o
China
o
Japan
o
South Korea
o
India
o
Indonesia
- The Rest of the World
o
Brazil
o
Argentina
This
182-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
Lucintel offerings include Marine
Port and Service Market, Global
Marine Port and Service industry, Opportunity Screening
and Analysis, Capital
Investment Analysis and Due
Diligence.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers the following 11 key questions:
Q.1. What are
some of the most promising, high-growth opportunities for the marine port and
service market by service (container
handling services, ship repair and maintenance services, navigation services,
supply chain and logistics solution services and mechanical and electrical
engineering services) and region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace
and why?
Q.3.
Which region will grow at a
faster pace and why?
Q.4.
What are the key factors affecting
market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What are
the emerging trends in this market and the reasons behind them?
Q.7. What are
some of the changing demands of customers in the market?
Q.8.
What are the new developments in the
market? Which companies are leading these developments?
Q.9.
Who are the major players in this
market? What strategic initiatives are key players pursuing for business
growth?
Q.10.
What are some of the competing products
in this market and how big of a threat do they pose for loss of market share by
material or product substitution?
Q.11.
What M&A activity has occurred in
the last 5 years and what has its impact been on the industry?
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