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Marine Port Services Market Share

Report ID: GMI10210
Published Date: Jul 2024
Report Format: PDF

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Marine Port Services Market Share

AP Moller Maersk and DP World Limited dominate the market with around 7% market share. Major players deploy various strategies to gain and expand their market share. Modernization initiatives, such as the implementation of advanced technologies such as smart port solutions, automation, and data analytics, enhance operational efficiency, attracting shipping lines and logistics partners.

Companies are focusing on providing value-added services, including comprehensive logistics solutions, streamlined customs processes, and efficient intermodal connectivity with rail and road networks. Strategic collaborations and alliances with key players in the supply chain ecosystem enable ports to offer integrated services, capturing a larger share of the logistics value chain.

Marine Port Services Market Companies

Major players operating in the marine port services industry are:

AP Moller Maersk
China Merchants Port
DP World Limited
Hamburger
Hutchison Ports
International Container Terminal Services
PSA International
Tianjin Port Development Holdings Ltd.
Shipping Solutions and Services Ltd.
CarboShield Inc.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of marine port services reached USD 88.8 billion in 2023 and is set to observe around 4% CAGR from 2024 to 2032, led by the surging focus on environmental sustainability.

The container handling services segment in the marine port services industry recorded 30% revenue share in 2023, due to the growing need for intermodal transportation.

The bulk cargo port segment in the marine port services market is projected to record USD 31 billion by 2032, on account of the rising adoption of automation, AI-driven systems, IoT sensors, and data analytics.

Asia Pacific market is projected to record over 40% share in 2023, driven by the strong focus on improving connectivity between ports and inland transportation networks.