Stevedoring & Marine Cargo Handling market Size
| 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 |
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.
Stevedoring & Marine Cargo Handling market Trends
Demand Increasing For Maritime Trade
Following a 3.8 per cent decline in 2020, international maritime trade bounced back in 2021 with an estimated growth of 3.2 per cent, and overall shipments of 11 billion tons. This was slightly below pre-COVID-19 levels, as trade was still hampered by the prolonged pandemic, an unprecedented logjam in global logistics caused by a large upswing in demand and acute shortages of capacity on the supply side. Growth was driven primarily by increases in demand for containerized cargo. Gas, and dry bulk shipping also increased while shipments of crude oil declined.
For 2022, UNCTAD projects maritime trade growth to moderate to 1.4 per cent, and for the period 2023-2027 to expand at an annual average of 2.1 per cent, a slower rate than the previous three-decade average of 3.3 per cent. For many years the fastest growing segment was containerized trade, for which growth in 2022 is projected to be a tepid 1.2 per cent, before marginally picking up to 1.9 per cent in 2023. The projected deceleration is a consequence not just of pandemic-induced lockdowns, but also of strong macroeconomic headwinds combined with a weakening in China's economy. In addition, faced with rising inflation and living costs, consumers are spending less, while to some extent switching expenditure from goods to services
Rising E-Commerce
Global retail sales growth will continue to rise and take up more retail market share. According to research completed by eMarketer and Statista, online retail sales will reach USD 6.51 trillion by 2023, with ecommerce websites taking up 22.3% of total retail sales.
Latin America (including Peru, Brazil, Argentina, Chile, Colombia, and Mexico) saw USD 104 billion in ecommerce sales in 2022, up 22.4% from USD 85 billion in 2021. The Indian ecommerce market is one of the top 5 fastest growing countries in the world, sitting at 25.5% growth in sales in 2022. The UK is forecast to continuously increase by USD 85.7 billion (+42.88%) within the next years.
China continues to lead the global ecommerce market, accounting for 46.3% of all retail ecommerce sales worldwide, with total online sales just over the USD 2.8 trillion mark in 2022. It also has the world's most digital buyers, 842.1 million, representing 39.4% of the global total.
The US ecommerce market is forecasted to reach more than USD 904.2 billion in 2022, a little over a third of China's. After China and the US, the third-largest ecommerce market is the United Kingdom, taking up 4.8% of the retail ecommerce sales share. The UK is followed by Japan (3%) and South Korea (2.5%). The top five ecommerce markets haven't changed since 2018. Trends suggest that these markets will stay in the top five until 2025.
Stevedoring & Marine Cargo Handling market Industry Overview
The Stevedoring and Marine Cargo Handling Market is highly fragmented in nature, with multiple players operating in the market. The progressive concentration on the demand side (carriers) and the emergence of global alliances in the mid-1990s have triggered a similar process of consolidation on the supply side (stevedores). Furthermore, the market is dominated by a few global branded players and multiple local players. Some of the major developers in the country are Ports America, DP World, APM Terminals, Irish Continental Group, CMA CGM etc.
Stevedoring & Marine Cargo Handling market Leaders
-
APM Terminals
-
Ports America
-
Irish Continental Group
-
DP World
-
CMA CGM
*Disclaimer: Major Players sorted in no particular order
Stevedoring & Marine Cargo Handling market News
December, 2022: APM Terminals and the Municipality of Itajai, through the Superintendence of the Port (SPI), signed a Transitory Lease Agreement for the Port of Itajai. Through this, the company will continue to operate as the lessee of the Port in 2023.
December, 2022: DP World and the Saudi Arabia-based Hassana Investment Company (Hassana), the investment manager for the General Organisation for Social Insurance (GOSI) - which owns one of the world's largest pension funds - announced an investment of approximately USD 2.4 billion (SAR 9.0 billion) in three of DP World's flagship UAE assets.
Stevedoring & Marine Cargo Handling market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Industry Attractiveness - Porter's Five 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 Government Regulations and Initiatives
4.7 Technological Trends
4.8 Impact of Covid-19 on the market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Stevedoring
5.1.2 Cargo and Handling Transportation
5.1.3 Others
5.2 By Cargo Type
5.2.1 Bulk Cargo
5.2.2 Containerised Cargo
5.2.3 Other Cargo
5.3 By Region
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 UK
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Singapore
5.3.3.5 Malaysia
5.3.3.6 South Korea
5.3.3.7 Australia
5.3.3.8 Rest Of Asia Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 UAE
5.3.5.2 Saudi Arabia
5.3.5.3 South Africa
5.3.5.4 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Overview (Market Concentration and Major Players)
6.2 Company Profiles
6.2.1 APM Terminals
6.2.2 Ports America
6.2.3 Irish Continental Group
6.2.4 DP World
6.2.5 CMA CGM
6.2.6 Hamburger Hafen und Logistik
6.2.7 Royal Boskalis Westminster
6.2.8 ICTSI
6.2.9 SAAM
6.2.10 MSC Mediterranean Shipping*
- *List Not Exhaustive
6.3 Other Companies
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. APPENDIX
Stevedoring & Marine Cargo Handling market Industry Segmentation
Stevedore refers to the act of loading or offloading cargo to and/or from a ship. Operators in the Stevedoring and Marine Cargo Handling industry load and unload cargo for waterborne transporters.
The Stevedoring and Marine Cargo Handling Market is Segmented by Type (Stevedoring, Cargo and handling transportation and Others), by Cargo Type (Bulk Cargo, Containerized Cargo and Other Cargo) and by Region (North America, Europe, Asia-Pacific and Rest of the world). The report offers market size and forecasts for the Stevedoring & Marine Cargo Handling Market in value (USD billion) for all the above segments.
| By Type | |
| Stevedoring | |
| Cargo and Handling Transportation | |
| Others |
| By Cargo Type | |
| Bulk Cargo | |
| Containerised Cargo | |
| Other Cargo |
| By Region | ||||||||||
| ||||||||||
| ||||||||||
| ||||||||||
| ||||||||||
|
Stevedoring & Marine Cargo Handling market Research FAQs
What is the current Stevedoring and Marine Cargo Handling Market size?
The Stevedoring and Marine Cargo Handling Market is projected to register a CAGR of 3.60% during the forecast period (2024-2029)
Who are the key players in Stevedoring and Marine Cargo Handling Market?
APM Terminals, Ports America, Irish Continental Group, DP World and CMA CGM are the major companies operating in the Stevedoring and Marine Cargo Handling Market.
Which is the fastest growing region in Stevedoring and Marine Cargo Handling Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Stevedoring and Marine Cargo Handling Market?
In 2024, the North America accounts for the largest market share in Stevedoring and Marine Cargo Handling Market.
What years does this Stevedoring and Marine Cargo Handling Market cover?
The report covers the Stevedoring and Marine Cargo Handling Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Stevedoring and Marine Cargo Handling Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Stevedoring and Marine Cargo Handling Industry Report
Statistics for the 2024 Stevedoring and Marine Cargo Handling market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Stevedoring and Marine Cargo Handling analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
