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Asia Pacific Container Transshipment Market Trends

  • Report ID: GMI11994
  • Published Date: Oct 2024
  • Report Format: PDF

Asia Pacific Container Transshipment Market Trends

The integration of automation and advanced technologies in port operations is propelling the market growth. The adoption of automated cranes, intelligent transport systems, and shore-based power supplies significantly enhances operational efficiency, reduces labor costs, and minimizes turnaround times. This automation not only improves handling capacity but also supports sustainability initiatives by reducing emissions and energy consumption.
 

As more ports embrace automation, the overall competitiveness and capacity of the region’s transshipment hubs are expected to increase, attracting higher volumes of global trade. In August 2024, SIGP launched an automated container terminal in Luojing as part of a broader upgrade to Shanghai's port infrastructure. The terminal features remote-controlled quay cranes and autonomous intelligent vehicles (AIVs) for horizontal transport. SIGP announced that all terminal berths are now equipped with shore-based power supply, and agreements for this service have been signed with relevant shipping companies.
 

Infrastructure challenges in smaller or developing ports are hindering the Asia Pacific container transshipment market growth. While major ports have seen significant investments, many secondary transshipment hubs lag in modernization efforts, limiting their ability to handle large volumes or accommodate newer, larger vessels. This lack of capacity and technological integration reduces the region's overall efficiency, forcing shipping lines to rely on a select few mega-ports, which can lead to bottlenecks and increase costs, hindering market growth.
 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for container transshipment in Asia Pacific reached USD 9.4 billion in 2023 and is set to grow at a 3.3% CAGR from 2024 to 2032, driven by strategic port infrastructure development.

The large containers segment accounted for USD 6 billion in 2023, due to rising global trade volumes and the need for economies of scale.

Industrial products held 34% of the market share in 2023, led by steady growth in global manufacturing output.

Singapore market captured 53% of the market share in 2023, propelled by its strategic location and top-tier port infrastructure.

Major players include APM Terminals, CMA CGM, COSCO Shipping Ports, DP World, Eurogate, Hamburger Hafen und Logistik, Hutchison Ports, MSC, PSA International, and Terminal Investment Limited.

Asia Pacific Container Transshipment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 180
  • Countries covered: 14
  • Pages: 150
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