Market Size of Stevedoring and Marine Cargo Handling Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.60 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Stevedoring & Marine Cargo Handling market Analysis
The size of Stevedoring & Marine Cargo Handling Market is USD 10.7 billion in the current year and is anticipated to register a CAGR of over 3.6% during the forecast period.
- The stevedoring industry is undergoing privatization-driven consolidation and the emergence of global pure terminal operators. Administrators in the Stevedoring and Marine Cargo industry give cargo stacking and dumping administrations to business cargo vessels. For waterborne transportation, interest in stevedoring is exceptionally delicate to levels of assembling and worldwide exchange movement.
- The introduction of new automated technology by stevedores has reduced productivity and all industrial actions taken by the stevedoring workforce have been approved by various associations across the globe.
- When the Covid-19 disrupted the whole world, people switched to online commerce which has fuelled the international trade, thus boosting the discussed market. The COVID-19 pandemic has illustrated the importance of the container freight supply chain to the world. The cost of not addressing these issues is likely to be significant for many businesses and the world economy as a whole.
Stevedoring & Marine Cargo Handling market 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.
The Stevedoring and Marine Cargo Handling Market is Segmented by Type (Stevedoring, Cargo and handling transportation and Others), by Cargo Type (Bulk Cargo, Containerized Cargo and Other Cargo) and by Region (North America, Europe, Asia-Pacific and Rest of the world). The report offers market size and forecasts for the Stevedoring & Marine Cargo Handling Market in value (USD billion) for all the above segments.
| By Type | |
| Stevedoring | |
| Cargo and Handling Transportation | |
| Others |
| By Cargo Type | |
| Bulk Cargo | |
| Containerised Cargo | |
| Other Cargo |
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Stevedoring and Marine Cargo Handling Market Size Summary
The Stevedoring and Marine Cargo Handling Market is experiencing a phase of consolidation driven by privatization and the rise of global terminal operators. This industry plays a crucial role in facilitating cargo stacking and dumping services for commercial vessels, with its demand closely tied to manufacturing and global trade activities. The introduction of automated technologies has enhanced productivity, and the workforce's actions are globally sanctioned. The COVID-19 pandemic underscored the significance of the container freight supply chain, as the shift to online commerce spurred international trade, thereby boosting the market. Despite challenges such as global logistics disruptions and economic headwinds, the market is poised for steady growth, albeit at a slower pace than historical averages.
The market landscape is highly fragmented, with numerous players, including prominent global brands and local entities. Key players such as APM Terminals, Ports America, and DP World dominate the scene, with strategic investments and partnerships shaping the industry's future. Recent developments include significant investments in key assets, highlighting the ongoing consolidation and strategic positioning within the market. The market's growth trajectory is influenced by macroeconomic factors and shifts in consumer spending patterns, with a gradual recovery expected as global trade dynamics evolve.
Stevedoring and Marine Cargo Handling Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain / Supply Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Government Regulations and Initiatives
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1.7 Technological Trends
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1.8 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 and Handling 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 Containerised Cargo
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2.2.3 Other Cargo
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2.3 By Region
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 UK
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 Singapore
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2.3.3.5 Malaysia
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2.3.3.6 South Korea
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2.3.3.7 Australia
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2.3.3.8 Rest Of Asia Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 UAE
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2.3.5.2 Saudi Arabia
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2.3.5.3 South Africa
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2.3.5.4 Rest of Middle East & Africa
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Stevedoring and Marine Cargo Handling Market Size FAQs
What is the current Stevedoring and Marine Cargo Handling Market size?
The Stevedoring and Marine Cargo Handling Market is projected to register a CAGR of 3.60% during the forecast period (2024-2029)
Who are the key players in Stevedoring and Marine Cargo Handling Market?
APM Terminals, Ports America, Irish Continental Group, DP World and CMA CGM are the major companies operating in the Stevedoring and Marine Cargo Handling Market.
