Market Overview

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

Share:

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

PR Newswire

NEW YORK, August 22, 2018 /PRNewswire/ -- Trends, opportunities and forecast in marine port and service market to 2023 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)

Read the full report: https://www.reportlinker.com/p05471669

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.

Emerging trends, which have a direct impact on the dynamics of the marine port and service industry, include the vessel traffic services, self-unloading bulk carrier technology and marine port privatization.

marine port market by service

marine port trends

The study includes the marine port and service market size and forecast for the global marine port and service market through 2023, segmented by service and region, as follows:

Marine Port And Service Market 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

Marine Port And Service Market by Region ($ Billion from 2012 to 2023)
North America US Canada Mexico Europe Germany France Russia United Kingdom Spain Asia Pacific China Japan South Korea India Indonesia The Rest of the World Brazil Argentina
Some of the marine port and service companies profiled in this report include 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, Hamburger Hafen and others.

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.

Some of the features of "Marine Port and Service Market Report: Trends, Forecast and Competitive Analysis" include:
Market size estimates: Global marine port and service market size estimation in terms of value (NYSE:B) shipment.
Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by application, and end use industry.
Segmentation analysis: Global marine port and service market size by various applications such as service in terms of value and volume shipment.
Regional analysis: Global marine port and service market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions of marine port and service in the marine port and service market.
Strategic analysis: This includes M&A, new product development, and competitive landscape of marine port and service in the marine port and service market. Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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 marine port and service market?
Q.5. What are the business risks and competitive threats in this marine port and service market?
Q.6. What are the emerging trends in this marine port and service market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the marine port and service market?
Q.8. What are the new developments in the marine port and service market? Which companies are leading these developments?
Q.9. Who are the major players in this marine port and service market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this marine port and service 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 marine port and servic industry?

Read the full report: https://www.reportlinker.com/p05471669

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

Cision View original content:http://www.prnewswire.com/news-releases/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--300701136.html

SOURCE Reportlinker

View Comments and Join the Discussion!