Port and Harbor Operation Service Market 2020 Global Industry Size, Growth, Segments, Revenue, Manufacturers and 2030
6 mins read

Port and Harbor Operation Service Market 2020 Global Industry Size, Growth, Segments, Revenue, Manufacturers and 2030

Prince0

Growth in Seaborne Trade to Boost Port and Harbor Operation Service Market

  • In 2017, top 20 global ports handled 9.3 billion tons of cargo. Outlook for the seaborne trade has remained positive since 2017 after two consecutive years of slowdown.
  • Improvements in manufacturing and industrial activities are driven by high capital spending and growth of developing economies

Key Drivers and Restraints of Global Port and Harbor Operation Service Market

  • Maritime industry registered the highest growth in five years due to global economic growth. The dry bulk cargo & containerized cargo are increasing steadily and are driving the demand of container handling services and port and harbor operation service market
  • The expansion of the maritime industry in China and ASEAN region is expected to further propel the port and harbor service operation market
  • Rising competition among freight operating companies as well as port traffic volumes has necessitated the adoption of a service operator to effectively manage and strategize port and harbor operations
  • As the traffic volume rises, it has become increasingly important to monitor, track, and plan the supply chain and working at ports
  • Rise in intra-Asia trade from China to other Asia Pacific countries is estimated to further boost the port and harbor operation service market
  • Belt and Road Initiative of China is set to boost the expansion and development of new sea ports, thereby expanding the port and harbor operation service market
  • Changes in trade policy and trade disputes among countries, such as China and U.S., would restraint the sea trade volume and hamper the port and harbor operation service market

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

Navigation Service to Witness High Demand

  • Navigation services include tug service, pilotage, port dues, and tug-berth system, among others. In order to ensure safety and minimize risk, several ports across the world have laws regulating compulsory pilotage. The pilotage involves a marine pilot to conduct and guide the vessel to the port.
  • Rise in seaborne traffic and increase in the number of ports and harbors are boosting the navigation service segment of the port and harbor operation service market
  • Tug service is on rise with increased number and size of vessels. Environmental concerns and strict port regulations have led to the adoption of green tug boats. As the average size of vessels is increasing and with the launch of carriers such as very large crude carrier and ultra large crude carrier, tugging service has evolved as one of the key navigation services required at ports.

Asia Pacific to Lead Global Market for Port and Harbor Operation Service

  • In terms of region, the global port and harbor operation service market can be divided into: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific recorded the maximum import and export activities during 2018 with highest contribution from China. Exports from China and ASEAN countries are on the rise with their growing export values in Europe and North America.
  • Foreign direct investment in the manufacturing sector in Asia Pacific has doubled between 2011 and 2017 as compared to 2005-2010. Ports and harbors in the Asia Pacific region have undergone major expansion and infrastructural development during the course to accommodate the rising traffic.
  • Revival of the economy of Mexico and Brazil is likely to have a positive impact on the port and harbor operation service market in Latin America

Ask for a Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=73790

Key Manufacturers Operating in Market

The global port and harbor operation service market was highly fragmented in 2018. Key manufacturers operating in the global market are:

  • DP World Limited
  • Hutchinson Whampoa Limited
  • Crowley Maritime Corporation
  • GMCG
  • Hamburger Hafen
  • A.P.
  • Ningbao Port Company Limited
  • Shanghai International Port Co. Ltd.
  • Tianjin Port Company

Global Port and Harbor Operation Service Market, by Service

  • Container Handling Services
  • Ship Repair & Maintenance Services
  • Navigation Services
  • Supply Chain & Logistics Solution Services
  • Mechanical and Electrical Engineering Services

Global Port and Harbor Operation Service Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Related Posts