Europe Stevedoring & Marine Cargo Handling Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Stevedoring & Marine Cargo Handling Market Analysis
The size of Europe's Stevedoring and Marine Cargo Handling Market is valued at about USD 35 billion in the current year and is anticipated to register a CAGR of over 5% during the forecast period.
- The coronavirus outbreak dealt a significant blow to the European economy, negatively affecting many industries and disrupting supply chains. The maritime transport industry was no exception. Container carriers have been facing port closures and congestions, leading to high numbers of skipped sailings and long waiting times at some ports. Moreover, freight rates have increased considerably since the beginning of the pandemic, leading to growing prices of consumer goods manufactured overseas.
- During COVID-19, the most seaborne cargo was handled in the ports of Rotterdam, Antwerpen, and Hamburg, making them the backbone of the maritime trade in Europe. Just the Port of Rotterdam alone accounted for nine percent of the total tonnage of cargo handled in all European ports. Moreover, the year 2019 saw the highest volume of sea freight transported in the recorded period, reaching some 979 billion tonne-kilometers according to European Commission data.
- The Europe Europe stevedoring and marine cargo handling market is anticipated to expand significantly due to increased marine traffic. Moreover, emerging nations in Europe are investing in new marine port construction. However, cargo operators are capitalizing on advanced technology equipment to reduce loading and discharging time and improve their operating efficiency. This is likely to boost the market during the forecast period.
Europe Stevedoring & Marine Cargo Handling Market Trends
This section covers the major market trends shaping the Europe Stevedoring & Marine Cargo Handling Market according to our research experts:
Rise in Demand for Maritime Trade
According to the European Maritime Transport Environment report, maritime transport plays and will continue to play an essential role in global and European trade and economy. The EU maritime transport sector employs around 230 000 people, and European shipping accounts for over 40 % of the world's fleet.
The EU has some of the world's largest maritime clusters. With 77% of European external trade and 35% of all trade by value between EU Member States moved by sea, maritime transport is a key part of the international supply chain. Despite a drop in shipping activity in 2020 due to the effects of the COVID-19 pandemic, the sector is expected to grow strongly over the coming decades, fueled by rising demand for primary resources and container shipping.
The Netherlands handled the largest volume of seaborne goods in the European Union (EU-27) in 2021. According to Eurostat, in the year 2021, nearly 590 million metric tons of cargo passed through Dutch ports, mainly through the Port of Rotterdam. The Port of Rotterdam is the biggest container port in Europe and one of the largest container ports in the world.
Nowadays, ships carry more than half the value of goods imported to the EU and over 40 percent of goods are exported from the EU. In 2021, about 1.1 trillion euros worth of goods were imported to the EU, and about 956 billion euros worth of cargo was exported from the EU by sea. All these activities have been increased at the port. So these factors boost the demand for the stevedoring and marine cargo handling market in Europe during the forecast period.
Increasing Container Handling Services
Maritime shipping has been a vital mode of transportation for European countries for centuries. This fact has not changed with the establishment of the European Union (EU) and its subsequent enlargements. On the contrary, shipping remains one of the most important means of trade for the Member States of the EU. In 2021, nearly 3.5 billion metric tons of seaborne cargo was processed at ports in the European Union (EU-27) according to Eurostat data. This represents an increase of more than four percent compared with the previous year. In 2020, only about 3.3 billion metric tons of cargo passed through the ports in the EU, reflecting the problems the global supply chain was facing amid the COVID-19 pandemic.
The Port of Rotterdam in the Netherlands handles the heaviest pressure influx of European trade and commerce. Highest amongst the 10 biggest ports in Europe, Rotterdam has bulk liquid cargo handling 192 million metric tons. Total throughput of almost 437 million MT of cargo also contains 192 million MT of liquid cargo. Over 151 million MT of container goods handling is a standard demonstration of the port's ability. The port sees an average of 28 thousand sea-going vessels and well over 90 thousand in-land vessels annually.
The stevedoring and marine cargo handling services are expected to increase during the forecast period because of the increasing size of vessels, which enhances the complexities of the stevedoring process at ports. Stevedoring operation has the largest share in terminal operations, and this segment will continue to be the revenue-generating segment for port and terminal operators.
Europe Stevedoring & Marine Cargo Handling Industry Overview
The Europe Stevedoring and Marine Cargo Handling market is fragmented in nature, with a mix of global and regional players. The market is expected to grow during the forecast period due to several factors such as e-commerce, technology integration, and growing economies. The major companies in the region have adopted various modern technologies, such as warehousing management systems, automation, drone delivery, and the transportation management system, which has enabled better planning and tracking facilities, resulting in increased productivity and increased value proposition. Some of the major players include Finnsteve Oy Ab, Holger Kristiansens Succsrs. A/S, Mainport, Schulte & Bruns GmbH & Co. KG, and Luka Koper, d.d.
Europe Stevedoring & Marine Cargo Handling Market Leaders
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Finnsteve Oy Ab
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Holger Kristiansens Succsrs. A/S
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Mainport
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Schulte & Bruns GmbH & Co. KG
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Luka Koper, d.d.
*Disclaimer: Major Players sorted in no particular order
Europe Stevedoring & Marine Cargo Handling Market News
- August 2022: Vostochnaya Stevedoring Company, part of the Global Ports Group, located in the port of Vostochny in Primorsky Krai, Russia, has announced the launch of a new regular container service operated by the SITC shipping line. SITC launched the service from VSC to South Korea, China, and Vietnam at the end of July 2022. The first vessel handled at the VSC terminal was SITC Inchon with a capacity of 1,032 TEU. Ports of rotation include Busan in South Korea, Tianjin Xingang, Qingdao, Lianyungang, Ningbo, and Shanghai in China, Haiphong in Vietnam, Shekou, and Wenzhou in China.
- June 2022: Vostochnaya Stevedoring Company, a Global Ports Group company has started handling new container services connecting the terminal in the Russian Port of Vostochny to the Chinese ports of Qingdao and Ningbo. The services are operated by INTECO LINES, a marine line of INTECO freight forwarding company. The Qingdao - VSC route is operated with the SHUN YUE19 vessel with a capacity of 489 TEU. The delivery time is four days. Two other vessels, SHUN YUE13 with a capacity of 264 TEU, and SHUN YUE18 with a capacity of 264 TEU call the VSC terminal bringing cargo on the route VSC - Ningbo. The time en route is five days.
Europe Stevedoring & Marine Cargo Handling Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Current Market Scenario
- 4.2 Value Chain/Supply Chain Analysis
- 4.3 Technological Trends and Automation in Ports
- 4.4 Government Regulations and Initiatives
- 4.5 Insights on Bunkering Services
- 4.6 Insights into Containerized and Non-containerized Shipments
- 4.7 Insights on Transshipment Trade
- 4.8 Insights on Investments in the Maritime Industry
- 4.9 Insights on the Number of Establishments and the Maritime Sector's Contribution to the Total Services Sector
- 4.10 Insights on Stevedoring Services and Charges in the Ports
- 4.11 Impact of COVID-19 on the Market
5. MARKET DYNAMICS
- 5.1 Market Drivers
- 5.2 Market Restraints/Challenges
- 5.3 Market Opportunities
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5.4 Industry Attractiveness - Porter's Five Forces Analysis
- 5.4.1 Threat of New Entrants
- 5.4.2 Bargaining Power of Buyers/Consumers
- 5.4.3 Bargaining Power of Suppliers
- 5.4.4 Threat of Substitute Products
- 5.4.5 Intensity of Competitive Rivalry
6. MARKET SEGMENTATION
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6.1 By Type
- 6.1.1 Stevedoring
- 6.1.2 Cargo Handling and Transportation
- 6.1.3 Others
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6.2 By Cargo Type
- 6.2.1 Bulk Cargo
- 6.2.2 Containerized Cargo
- 6.2.3 Other Cargo
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6.3 By Country
- 6.3.1 Germany
- 6.3.2 United Kingdom
- 6.3.3 France
- 6.3.4 Russia
- 6.3.5 Spain
- 6.3.6 Rest of Europe
7. COMPETITIVE LANDSCAPE
- 7.1 Overview (Market Concentration and Major Players)
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7.2 Company Profiles
- 7.2.1 Dr. Cap. Nicola De Cesare
- 7.2.2 Ership S.A.
- 7.2.3 Finnsteve Oy Ab
- 7.2.4 Holger Kristiansens Succsrs. A/S
- 7.2.5 Klaipeda Stevedoring Company "BEGA"
- 7.2.6 Mainport
- 7.2.7 Man-Tess Ltd
- 7.2.8 Mann Lines
- 7.2.9 Schulte & Bruns GmbH & Co. KG
- 7.2.10 Luka Koper, d.d. *
- *List Not Exhaustive
8. FUTURE OF THE MARKET
9. APPENDIX
- 9.1 Macroeconomic Indicators
- 9.2 Insights on Capital Flows
- 9.3 External Trade Statistics - Export and Import, by Product
- 9.4 Insights on Key Export Destinations
- 9.5 Insights on Key Import Origin Countries
Europe Stevedoring & Marine Cargo Handling 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.
Europe Stevedoring and Marine Cargo Handling Market is Segmented By Type (Stevedoring, Cargo Handling, Transportation, and Others), By Cargo Type (Bulk Cargo, Containerized Cargo, and Other Cargo), and By Country (Germany, UK, France, Russia, Spain, and the Rest of Europe).
The report offers the market sizes and forecasts for the Europe Stevedoring and Marine Cargo Handling Market in value (USD billion) for all the above segments and the impact of COVID-19 on the market.
| By Type | Stevedoring |
| Cargo Handling and Transportation | |
| Others | |
| By Cargo Type | Bulk Cargo |
| Containerized Cargo | |
| Other Cargo | |
| By Country | Germany |
| United Kingdom | |
| France | |
| Russia | |
| Spain | |
| Rest of Europe |
Europe Stevedoring & Marine Cargo Handling Market Research FAQs
What is the current Europe Stevedoring and Marine Cargo Handling Market size?
The Europe Stevedoring and Marine Cargo Handling Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Europe Stevedoring and Marine Cargo Handling Market?
Finnsteve Oy Ab, Holger Kristiansens Succsrs. A/S , Mainport, Schulte & Bruns GmbH & Co. KG and Luka Koper, d.d. are the major companies operating in the Europe Stevedoring and Marine Cargo Handling Market.
What years does this Europe Stevedoring and Marine Cargo Handling Market cover?
The report covers the Europe Stevedoring and Marine Cargo Handling Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Europe Stevedoring and Marine Cargo Handling Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Stevedoring and Marine Cargo Handling Industry Report
Statistics for the 2024 Europe Stevedoring and Marine Cargo Handling market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Stevedoring and Marine Cargo Handling analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
