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Europe Container Transshipment Market Size
- Report ID: GMI11987
- Published Date: Oct 2024
- Report Format: PDF
Europe Container Transshipment Market Size
The Europe container transshipment market size was valued at USD 2.7 billion in 2023 and is projected to grow at a CAGR of 2.8% between 2024 and 2032, due to significant investments in port infrastructure expansion and modernization. Rising global trade volumes between Asia and Europe necessitate the expansion of container handling capacity at key ports.
Digitalization, automation, and AI integration in port operations are enhancing efficiency, while investments in sustainable technologies such as electric and hybrid port machinery are reducing environmental impact. These advancements are creating new opportunities for market participants to meet increasing demand for container transshipment services.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Container Transshipment Market Size in 2023: | USD 2.7 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 2.8% |
| 2032 Value Projection: | USD 3.5 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 180 |
| Segments covered: | Size, End Use, Port, Container |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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In July 2024, the Port of Koper launched the public procurement process for the northern extension of Pier I. This USD 107 million investment will fund the construction of 326 meters of quayside, 7 hectares of stacking and handling areas, as well as dredging and essential power infrastructure. The quay extension will feature a reinforced concrete frame supported by transverse, longitudinal, and rail girders anchored to piles. A concrete slab will be placed over the girders, equipped with crane rails for ship-to-shore (STS) cranes with a 30-meter rail gauge.
The strategic development of multimodal transport solutions is another compelling growth driver for the Europe Container Transshipment Market. As logistics networks evolve, integrating various transport modes such as rail, road, and maritime, which allows for more flexible and efficient cargo movement. This interconnected approach reduces transit times and costs, catering to the needs of modern supply chains that demand rapid deliveries.
European ports are enhancing their intermodal facilities to facilitate seamless transitions between transport modes, driving higher throughput and operational efficiency. By embracing multimodal strategies, ports can better serve the growing demand for fast and reliable logistics services across the continent.
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Europe Container Transshipment Market Scope
