Marine & Container Terminal Operation Market

Marine & Container Terminal Operation Market Outlook (2024 to 2034)

Expanding at a CAGR of 6.9%, the global marine & container terminal operation market is projected to increase from a valuation of US$ 70.75 billion in 2024 to US$ 137.95 billion by 2034.

Marine services are port-related activities that are performed to ensure a safe flow of vessel traffic in port approaches and harbors, as well as secure berthing while moored or at anchor. After clients' goods reach the port and disembark from the ship, marine port services include reception, handling, unloading, and even further shipment. An overview of the product is also given by port services upon arrival and departure.

These services are essential for promoting global trade and the transportation of products by sea. Together, these ports provide a seamless and secure movement of people and products, making them essential centers for international trade and transit. The services provided by container terminals are quite intricate and mostly rely on the kind of cargo and shipping. Cars, goods, minerals, crude oil, and other materials are also considered cargo. To handle and manage several cargo types, a distinct set of equipment, knowledge, and labor are needed.

Several kinds of ports are needed to handle the ferry services. The container terminal's inefficient operations are undesirable and is also resulting in mishaps. Therefore, the activities of container terminal need to be extremely effective and faultless. Subsequently as a core of the marine industry, the marine & container terminal operation market size is expanding at a noteworthy pace.

The market for marine & container terminal operations is driven primarily by an increase in container handling services and an expansion in marine traffic. The high cost of port and terminal operations is the only factor limiting the market. As new technical advancements, such as automation, robots, IoT, and artificial intelligence take place, new possibilities are created for companies.

Cargo handling and container terminal operations contain terminals where containers are to be picked up, dropped off, maintained, stored, or loaded or unloaded from one mode of transportation to another (i.e., truck, barge, rail, or vessel). They are also where cargo is handled, stored, and possibly loaded or unloaded into or out of containers. Moving cargo units from one mode of transportation to another is the primary function of a container terminal.

Report Attributes	Details
Marine & Container Terminal Operation Market Size (2024E)	US$ 70.75 Billion
Forecasted Market Value (2034F)	US$ 137.95 Billion
Global Market Growth Rate (2024 to 2034)	6.9% CAGR
North America Market Value (2024E)	US$ 6.43 Billion
Mexico Market Value (2034F)	US$ 1.74 Billion
Shipping Lines Segment Growth Rate (2024 to 2034)	6.9% CAGR
United States Market Value (2034F)	US$ 10.96 Billion
Key Companies Profiled	APM Terminals; DP World; Hutchinson Ports; COSCO Shipping Ports; SSA Marine; PSA International; Port of Rotterdam Authority; Yang Ming Marine Transport Corporation

Why the Need for Marine and Container Terminal Operations is Increasing More Than Ever?

“Growing Use of Green Technology at Ports Making Operations More Sustainable”

To comply with requirements, several ports are progressively implementing green technology and sustainable practices, such as shore power for ships, renewable energy sources, and environment friendly equipment.

For example, the Ports of Los Angeles, Shanghai, and Long Beach, along with some of the prominent ocean carriers in the world, including CMA CGM, COSCO Shipping Lines Co., Ltd., Maersk, and ONE, revealed a proposal for the first-ever trans-Pacific green shipping corridor in September 2023. The China Classification Society, the Maritime Technology Cooperation Center of Asia, and Shanghai International Port (Group) Co., Ltd. are further important partners.

With the aid of cutting-edge technology, decarbonization techniques, and effective management methods to lower carbon emissions in activities connected to shipping and marine port services, the corridor is contributing to the acceleration of emissions reductions on one of the busiest container shipping routes in the world.

In 2020, the Green Marine Europe Label, a voluntary environmental certification scheme, was introduced by the Surfrider Europe Foundation and the Green Alliance. To lessen the impact on marine animals, the initiative urged ship owners and shipping corporations to regulate their oily discharges, greenhouse gas emissions, and ship recycling, therefore creating smart ship ports. All these initiatives are further positively affecting the marine & container terminal operation market trends.

“Rising Globalization Coupled with Increase in e-Commerce Rising Demand”

The expansion of the global economy depends heavily on the marine industry. Because of the rise in international maritime commerce, the market for marine port services is growing. Around 80% of worldwide trade is handled in ports and carried by sea, according to the United Nations Conference on Trade and Development (UNCTAD).

Ports play a crucial role in enabling the flow of products between countries as global trade expands. The need for port services, such as terminal handling, chain and logistics solutions, cargo handling, and warehousing is rising in tandem with the expansion of marine commerce and transportation. Furthermore, the market is expanding due of the fast expansion of containerized freight, which raise demand for container handling services.

What is A Major Drawback for Key Players Working in This Market?

“Environmental Issues Major Concerns for Key Market Players”

Ports are frequently found in environmentally delicate places, and the industry's effects on the environment are coming under more scrutiny. For port operators, stricter laws pertaining to emissions, ballast, and other environmental issues is resulting in high compliance costs. Additional elements, including habitat disturbance and pollution of the air and water is impeding market expansion and inhibit port expansion.

To lessen shipping's carbon impact, several legislative changes were implemented, such as the International Maritime Organization's (IMO) 2020 rule and the International Chamber of Shipping. The gasoline that shipping companies use to run their engines is going to be changed. The shipping industry is impacted by the ongoing worldwide shift to a cleaner and more environment-friendly marine sector. Stricter international maritime environmental standards for sulfur and greenhouse gas emissions are adversely affecting the marine & container terminal operation market growth.

Country-wise Analysis

Countries, such as the United States, China, South Korea, and Canada consist of a big coastlines, which are a major revenue source for these countries. Major posts are established on these coastlines to increase their global power. Among all these countries, the United States is forecasted to hold a significant marine & container terminal operation market share in North America.

What is Making the United States a Sole Powerful Trader in the North American Region?

“Big Coastline and Global Superpower Making the Demand Jump”

Attribute	United States
Market Value (2024E)	US$ 5.76 Billion
Growth Rate (2024 to 2034)	6.6% CAGR
Projected Value (2034F)	US$ 10.96 Billion

The United States is positioning itself as a leading trader in North America due to its vast coastline and robust infrastructure. With access to both the Atlantic and Pacific Oceans, several sea ports facilitate substantial trade flows. The country's strategic location allows efficient imports and exports, connecting North America to global markets.

As a global superpower, the United States is having the resources to invest heavily in port infrastructure, enhancing capacity and operational efficiency. In addition, advancements in technology and logistics have streamlined shipping processes, further solidifying its trade dominance. The growing demand for goods, both domestically and internationally, is leading to an increased focus on optimizing port operations in country.

How is China Having the Potential to Reach New Heights in East Asian Region?

“Significant Exports of Cheap Raw Material Around the World”

Attribute	China
Market Value (2024E)	US$ 11.36 Billion
Growth Rate (2024 to 2034)	8.8% CAGR
Projected Value (2034F)	US$ 26.42 Billion

China's potential to excel in larger sea ports trading in the East Asian region stems from its significant exports of cheap raw materials and an aggressive infrastructure development strategy. As the world's manufacturing hub, China produces a vast array of goods at competitive prices, making it a critical supplier for international markets. The government's investment in port infrastructure, exemplified by initiatives, such as the Belt and Road Initiative, enhances connectivity with neighboring countries and beyond, therefore fostering regional trade partnerships.

Category-wise Insights

Several terminal operations are performed on the ports leading to more efficient trade across countries. These ports are consist of all the facilities to improve the logistics of the business to serve consumers in a much better way.

Which Product & Service is Making Big Profits for Industry Players?

“Terminal Operations Generating Higher Revenues Compared to Other Services”

Attribute	Terminal Operations
Segment Value (2024E)	US$ 61.47 Billion
Growth Rate (2024 to 2034)	7.03% CAGR
Projected Value (2034F)	US$ 121.26 Billion

Terminal operations are emerging as a significant revenue generator for industry players within the maritime sector. The complexity and scale of terminal operations mean they require substantial investment, leading to optimized efficiency and higher cargo handling rates. As global trade continues to expand, the demand for efficient and modern terminal facilities are skyrocketed. Industry players are increasingly focusing on upgrading equipment and technology at terminals, which not only enhances operational efficiency but also attracts more shipping lines looking for dependable turnaround times.

Why Major Markets are Investing a Large Sum on Sea Ports?

“Ship Agents Bringing More Money Compared to Shipping Lines”

Attribute	Ship Agents
Segment Value (2024E)	US$ 39 Billion
Growth Rate (2024 to 2034)	7.01% CAGR
Projected Value (2034F)	US$ 76.78 Billion

Major markets worldwide are strategically investing large sums into sea ports to bolster their trade infrastructure. Countries with robust economies, such as China, the United States, and several countries in the European Union, recognize that efficient port facilities are crucial for economic growth and international trade competitiveness.

Investments are often directed towards expanding capacity and modernizing infrastructure to accommodate larger vessels and improve logistics efficiency. Notably, ship agents become key market players in this landscape, often bringing more revenue compared to traditional shipping lines. These agents not only facilitate smoother operations but also forge crucial relationships that drive business to the ports.

Business Competition

Key players in the marine & container terminal operation market are focusing on adding new facilities on ports, including marine biofuels to improve their profits.

• To provide port users and companies with real-time cargo visibility, International Container Terminal Services, Inc. (ICTSI) unveiled the ICTSI App in September 2023. According to ICTSI, this application is a safe operational tool that lets port users and cargo owners keep track of the progress of their cargoes carried into or out of the port as well as those loaded and unloaded from a vessel. With around 29,000 users at the moment, the ICTSI App is soon becoming accessible to clients at more port locations.
• The container shipping business, Ocean Network Express (ONE) was welcomed to Hamburger Hafen und Logistik AG's (HHLA) multipurpose port in Trieste, Italy, known as HHLA PLT Italy. The new Adriatic Israel Butterfly (AIB) service is launched with ONE making its first call to the city in the northern Adriatic. Through this collaboration, HHLA PLT Italy strengthens its position as a key hub in the Adriatic area and acquires additional access to pertinent markets.

Fact.MR provides detailed information about the price points of key players of the marine & container terminal operation market positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Segmentation of Marine & Container Terminal Operation Market Research

• By Product & Service :

  • Terminal Operations
  • Other Services

• By Major Market :

  • Ship Agents
  • Shipping Lines
  • Freight Arrangers
  • Others

• By Region :

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa