According to a new market report published by Lucintel, the future of the global marine port and service market looks promising with opportunities in container handling services, ship repair and maintenance services, navigation services, supply chain and logistics solution services and mechanical and electrical engineering services. The global marine port and service market is expected to reach an estimated $87.8 billion by 2023 and it is forecast to grow at a CAGR of 4.2% from 2018 to 2023. The major drivers of growth for this market are high growth of the marine transportation industry, surging demand of containerized and bulk cargo, rising customer demand and expansion of new regional trade hubs.
Browse 54 Market Data Tables and 79 Figures spread through 182 Pages and in-depth TOC on “Marine Port and Service – Global Forecast to 2023” http://www.lucintel.com/marine-port-and-service-market.aspx
Container handling services, ship repair and maintenance services, navigation services, supply chain and logistics solution services and mechanical and electrical engineering services are some of the major segments of the global marine port and service market. On the basis of its comprehensive research, Lucintel forecasts that the container handling services and navigation services segments will show above average growth during the forecast period.
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APAC is expected to remain the largest region due to rising customer demand and expansion of new regional trade hubs in operation have driven the demand for marine port and service in the APAC region.
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Europe and Asia Pacific are expected to witness significant growth over the forecast period because of high growth of the marine freight transportation industry, surging demand of containerized and bulk cargo.
Emerging trends, which have a direct impact on the dynamics of the industry, include the vessel traffic services, self-unloading bulk carrier technology and marine port privatization. Hutchison Whampoa Limited, DP World Limited, A.P. Moller-Maersk A/S PSA International and Ningbo Port Company Limited, Shanghai International Port Co. Ltd., Mitsubishi Logistic Corporation, Tianjin Port Company, and Hamburger Hafen are the major service provider in the global marine port and service market.
The study includes a forecast for the global marine port and service market by service and region, as follows:
By Service ($ Billion from 2012 to 2023)
- Container Handling Services
- Ship Repair and Maintenance Services
- Navigation Services
- Supply Chain and Logistics Solution Services
- Mechanical and Electrical Engineering Services
By Region ($ Billion from 2012 to 2023)
- North America
- United Kingdom
- Asia Pacific
- South Korea
- The Rest of the World
This 182-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at firstname.lastname@example.org.
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the marine port and service market by service (container handling services, ship repair and maintenance services, navigation services, supply chain and logistics solution services and mechanical and electrical engineering services) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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