Market Size of Europe Stevedoring and Marine Cargo Handling Industry
| 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 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 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.
Europe Stevedoring and Marine Cargo Handling Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Current Market Scenario
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1.2 Value Chain/Supply Chain Analysis
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1.3 Technological Trends and Automation in Ports
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1.4 Government Regulations and Initiatives
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1.5 Insights on Bunkering Services
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1.6 Insights into Containerized and Non-containerized Shipments
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1.7 Insights on Transshipment Trade
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1.8 Insights on Investments in the Maritime Industry
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1.9 Insights on the Number of Establishments and the Maritime Sector's Contribution to the Total Services Sector
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1.10 Insights on Stevedoring Services and Charges in the Ports
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1.11 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Stevedoring
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2.1.2 Cargo Handling and Transportation
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2.1.3 Others
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2.2 By Cargo Type
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2.2.1 Bulk Cargo
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2.2.2 Containerized Cargo
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2.2.3 Other Cargo
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2.3 By Country
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2.3.1 Germany
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2.3.2 United Kingdom
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2.3.3 France
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2.3.4 Russia
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2.3.5 Spain
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2.3.6 Rest of Europe
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Europe Stevedoring and Marine Cargo Handling Market Size 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.
