WiseGuyReports.com adds “Global Ports and Terminal Operation Market Research Report 2020 Analysis and Forecast 2027” reports to its database.
PUNE, MAHARASTRA, INDIA, July 31, 2020 /EINPresswire.com/ — Ports and Terminal Operation Market:
A terminal would be part of a port. A port usually describes the location where the ships are lodging and carrying out activities. There can be multiple terminals within a port through which cargo transits from sea to land. A terminal refers to the specific portion of a port dedicated to some type of activity, like containers as well as bulks. Rising utility & demand of containerization is driving the market. According to Statista, the global container market is projected to rise by 4.8 per cent between 2020 and 2021. In 2018 the global market volume reached approximately 146.4 million twenty-foot equivalent units (TEU). APM-Maersk is the leading container ship operator in the world, with a fleet of more than 600 container ships. Shanghai port is world's busiest container port. In 2018 we handled around 42 million twenty-foot equivalent units here. Growth in regional trade and increased use of IoT solutions will offer tremendous opportunities for growth. According to World Shipping Council, More than 200 countries have container ships which are open to ports. Ports quantify the volume of twenty-foot equivalent unit (TEU) containers wjich they handle. Containers which are handled by all ports around the world (including empties, transshipments and port handling) are estimated at over 785 million TEU in 2018. Managing congestion risk, increased operational complexity, and consolidation of the liner industry may hinder market growth. Vendors must focus on growth prospects in the fast-growing segments, and at the same time maintaining their positions in the slow-growing segments to make the most of opportunities.
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The regional analysis of global Ports and Terminal Operation market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. During the forecast period APAC will offer market vendors several growth opportunities. Automating port operations, increasing port infrastructure investment, and increasing M&A activities to achieve economies of scale will have a significant influence on the growth of the ports and terminal operations market in this region. During the forecast period, major market growth will originate from APAC. The major markets for ports and terminal operations in APAC are China, Japan and Singapore. The market for ports and terminal operations in EMEA is projected to grow at a slow rate over the forecast period due to factors such as UK exiting the European Union referendum in 2016, slow economic growth in African countries and low consumer spending in the area.
Major market player included in this report are:
International Container Terminal Services Inc.
China Merchants Port Holdings Company Limited
Eurogate Container Terminal Limassol Ltd
Ports America Inc
Global Ports Holding Plc
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Cargo Handling and Transportation
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Ports and Terminal Operation Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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Source: EIN Presswire