What is Port Logistics Market?
Port centric logistics is the new concept, which refers to the transformation of the port into a space of supply chain innovation and collaboration. It allows to store the shipment at the port which helps reducing number of handling stages throughout storage and distribution process. Also, port logistics is gaining popularity as businesses are looking for ways to streamline their supply chains and reduce their impact on the environment. It also aims to remove the unnecessary freight miles.
Highlights from Port Logistics Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | COSCO Shipping Ports Limited (China), PSA International (Singapore), A.P. Moller – Maersk (Denmark), China Merchants Group (China), ICTSI (Philippines), Dubai Ports World (United Arab Emirates), CK Hutchison (China), Eurogate (Germany), Shanghai International Port (China) and Sinotrans (China) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Port Logistics market throughout the forecasted period.
COSCO Shipping Ports Limited (China), PSA International (Singapore), A.P. Moller – Maersk (Denmark), China Merchants Group (China), ICTSI (Philippines), Dubai Ports World (United Arab Emirates), CK Hutchison (China), Eurogate (Germany), Shanghai International Port (China) and Sinotrans (China) are some of the key players profiled in the study. Port Logistics Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Import Services and Export Services |
Type | Onshore and Offshore |
Usage | Civil,Military |
Product Type | Container,Dry Bulk |
On the basis of geography, the market of Port Logistics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Technology and Automation at Port
Market Growth Drivers:
Growing Logistics Industry is Fuelling the Market Growth and Increasing Trade Activities Across the World
Challenges:
Stiff Competition Among the Major Players
Restraints:
Stringent Governments Regulations May Hamper the Market
Opportunities:
Growing Investments on Port Logistics is Boosting the Market
Key Target Audience
Logistics companies, Government associations, Research organisations, software vendors and Others