Europe Stevedoring and Marine Cargo Handling Market Size (2024 - 2029)

The European stevedoring and marine cargo handling market is poised for significant growth, driven by increased marine traffic and investments in new port constructions by emerging nations. Despite the challenges posed by the COVID-19 pandemic, which disrupted supply chains and led to port congestions, the market is expected to expand as cargo operators adopt advanced technology to enhance efficiency. The market's expansion is further supported by the strategic importance of key ports such as Rotterdam, Antwerpen, and Hamburg, which are crucial to maritime trade in Europe.

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Market Size of Europe Stevedoring and Marine Cargo Handling Industry

Europe Stevedoring and Marine Cargo Handling Market- Market Summary
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

Europe Stevedoring & Marine Cargo Handling Market Major Players

*Disclaimer: Major Players sorted in no particular order

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 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
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Europe Stevedoring and Marine Cargo Handling Market Size Summary

The European stevedoring and marine cargo handling market is poised for significant growth, driven by increasing marine traffic and investments in new port infrastructure by emerging nations. The sector, which plays a crucial role in the continent's trade and economy, is experiencing a resurgence following the disruptions caused by the COVID-19 pandemic. The pandemic had a profound impact on maritime transport, leading to port closures, congestion, and increased freight rates, which in turn affected the supply chain and the prices of consumer goods. However, key ports such as Rotterdam, Antwerpen, and Hamburg have remained pivotal in maintaining the flow of seaborne cargo, with Rotterdam being a major hub for European maritime trade. The market is further bolstered by advancements in technology, which are enhancing operational efficiency and reducing turnaround times at ports.

The stevedoring and marine cargo handling market in Europe is characterized by a fragmented landscape with both global and regional players. The market's expansion is supported by the growing size of vessels, which adds complexity to port operations, thereby increasing the demand for stevedoring services. E-commerce, technology integration, and economic growth are also contributing to the market's positive outlook. Major companies in the region are adopting modern technologies such as automation and transportation management systems to improve productivity and value proposition. The market is expected to continue its upward trajectory, supported by the strategic importance of maritime transport in the EU, which accounts for a significant portion of the world's fleet and external trade.

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Europe Stevedoring and Marine Cargo Handling Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Current Market Scenario

    2. 1.2 Value Chain/Supply Chain Analysis

    3. 1.3 Technological Trends and Automation in Ports

    4. 1.4 Government Regulations and Initiatives

    5. 1.5 Insights on Bunkering Services

    6. 1.6 Insights into Containerized and Non-containerized Shipments

    7. 1.7 Insights on Transshipment Trade

    8. 1.8 Insights on Investments in the Maritime Industry

    9. 1.9 Insights on the Number of Establishments and the Maritime Sector's Contribution to the Total Services Sector

    10. 1.10 Insights on Stevedoring Services and Charges in the Ports

    11. 1.11 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Stevedoring

      2. 2.1.2 Cargo Handling and Transportation

      3. 2.1.3 Others

    2. 2.2 By Cargo Type

      1. 2.2.1 Bulk Cargo

      2. 2.2.2 Containerized Cargo

      3. 2.2.3 Other Cargo

    3. 2.3 By Country

      1. 2.3.1 Germany

      2. 2.3.2 United Kingdom

      3. 2.3.3 France

      4. 2.3.4 Russia

      5. 2.3.5 Spain

      6. 2.3.6 Rest of Europe

Europe Stevedoring and Marine Cargo Handling Market Size FAQs

The Europe Stevedoring and Marine Cargo Handling Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

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.

Europe Stevedoring and Marine Cargo Handling Report Snapshots

Europe Stevedoring and Marine Cargo Handling Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)