Global Ports and Terminal Operations Market Size, Trends & Growth Opportunity, By Service (Stevedoring, Cargo and handling transportation, and Others), By Application (Food Transportation, Coal Transportation, Steel Transportation, and Others), By Region and Forecast 2022- 2027.
Global Ports and Terminal Operations Market
Global Ports and Terminal Operations market was valued at US$ 2,815 Mn in 2021 and it is expected to reach at US$6,851 Mn by 2027, growing at CAGR 10.27% during the period, 2017-2027. 
Globally increasing seaborne trade will significantly drive the port terminal market size. According to the United Nations Conference on Trade and Development (UNCTAD), seaborne trade increased by about 4% in 2018 over 2017. Sea freight services offer numerous advantages, including large cargo space availability, cost effectiveness, and safety. Over the forecast period, the expansion of maritime logistics services will drive industry growth.
During the forecast period, Europe is expected to have the highest CAGR. Ports in Europe are smaller, but they handle a lot of cargo. Furthermore, European ports cannot compete solely on port size, as ports of comparatively smaller size or capacity handle as much traffic as large-sized ports. As a result, even moderately and sparsely populated ports are increasingly shifting towards smart operations. In Germany, for example, the Port of Rotterdam collaborated with IBM to install smart sensors along a 42-kilometer stretch of the port.
In 2019, Asia Pacific dominated the market, accounting for more than 30% of global revenue. The region is distinguished by the presence of major ports with high throughput capacity, which contributes to the region's largest share globally. Japan, China, South Korea, and Singapore are among the major countries recognized as prime trading points with extensive trade activities. The aforementioned factor, combined with the availability of technologies at a lower cost, particularly from countries such as Taiwan and China, has ensured strong growth in the region.
Market Trends
Smart ports are becoming more popular in the port terminal and operation markets. The growing need for port authorities to reduce operational costs, gather real-time information, and make data-driven decisions is driving the adoption of smart technologies. To transform a traditional port into a smart port, various technologies such as Artificial Intelligence (AI), Internet of Things (IoT), blockchain, and process automation are used. These are either deployed separately or in tandem to transform traditional infrastructure into digitalized infrastructure. The smart port has advantages over traditional ports, such as lower operational costs, fewer human-related disruptions, intelligent decision making, and more predictable performance. All of these advantages result in increased productivity, paving the way for a clear vision of Port 4.0.
The global trade is expanding at a faster rate, which has increased vessel size, cargo volumes, and port traffic, putting additional strain on yards and stakeholders. Because of the increased pressure, the ports' internal efficiency at the operational level suffers. Smart solutions aid in optimising operational activities, increasing efficiency, and lowering logistics costs. Sensors installed at ports aid in the monitoring of infrastructure, the scheduling of maintenance activities, and the optimization of many other operational activities. As a result, demand for operational efficiency at ports may accelerate growth in the smart port market over the forecast period.
Market Drivers: Growing Government efforts for promote the ports sector
Ports are an important economic activity in coastal areas. Ports are also important for supporting economic activities in the hinterland because they serve as a vital link between sea and land transport. As a result, governments in various countries are focusing on promoting port operations. Increasing investment and cargo traffic indicate a positive outlook for the ports industry. These investments benefit providers of services such as pilotage and harbouring, operation and maintenance (O&M), and marine assets such as barges and dredgers.
In India, for example, the Union Minister has initiated the 'Direct Port Entry Facility' at the V.O. Chidambaranar port in October 2020. This facility allows direct movement of containers from factories to container terminals without any intermediate handling at any CFS (Container Freight Station), allowing shippers to get their exports directly to the container terminal (24x7), increasing efficiency and ease of doing business.
In October 2020, India's Ministry of Shipping announced the creation of a (Marine) National Logistics Portal with end-to-end logistics solutions to assist exporters, importers, and service providers in strengthening port operations worldwide. This driver has a significant impact during the forecast timeframe.
Market Challenges: Cyberattacks Issue
Port operators are focusing on digital transformation to optimize operational activities and expand capabilities such as infrastructure monitoring, real-time data collection, and so on. This transformation is based on technologies such as big data, cloud computing, and the Internet of Things (IoT), and their incorporation into the system has made the ports vulnerable to cyberattacks. To fully utilise technologies, stakeholders' awareness of cyberattacks can be increased, and cybersecurity can be developed. As a result, cyberattacks may pose a challenge to the growth of the port and terminal market during the forecast period.
Market Opportunity: Digitalization creates new opportunities in the market  
Port/maritime information solutions are critical. The digital transformation of port operations and terminals, such as navigation, has aided users in gathering critical information about port and water body activities. Port terminal information solutions help vessels adapt to changing sea conditions by monitoring a variety of parameters, allowing users and organisations to make better operational and strategic decisions. Aside from that, they are associated with benefits such as increasing overall productivity and safety, as well as ensuring efficiency in marine operations. As a result, these solutions are being used to collect information about naval vessel ownership, movements, specifications, and commercial activities. As a result, digitalization opens up new opportunities in the global port and terminal market.
Growth Prospect Analysis
The port or maritime sector is critical to modern societies. Nonetheless, the general public has a limited perception and appreciation of its influence and role as an essential component in terms of social and economic development, as well as a potential source of excellent employment and career opportunities, with several million people currently working in activities and companies related to oceans and seas around the world. Historically, the shipping and fishing industries have seen a steady increase in both their fleets and total trade volume and fishing capacity. Approximately 50,000 merchant ships transport every type of cargo internationally, registered in over 150 countries and manned by over a million seafarers of nearly every nationality.
Several thousand oil rigs and offshore support and supply vessels are involved in the exploration and drilling for oil and gas in almost every corner of the world. At any given time, nearly four million commercial fishing vessels ply the seas and oceans. In addition, a plethora of recreational ships (approximately 45,000 privately-owned ships operating out of the United States in December 2010), including several hundred large and mega cruise ships, provide the most diverse leisure and tourism services to an expanding market.
As a result, maritime activities continue to expand, benefiting people all over the world as technical and human resources become more efficient. Offshore oil, merchant navy, commercial fishery, and cruise companies are all part of the future industry, and the maritime industry is already a key catalyst for socioeconomic development and international competitiveness in a changing world, with organizations emerging and establishing operations in Asia, Europe, and North America..
Recent Developments
APM Terminals introduced application programming interface (API) accessibility in January 2020 to help logistics customers build stronger, digital supply chains. APIs enable data to be transmitted in seconds from the operating systems of terminals directly to the customer's own transport management or logistics systems. The COVID-19 pandemic's impact on ecommerce and the urgency of home deliveries has highlighted the fact that for some customers, the delivery experience has become as important as the product itself. Getting this right is critical for businesses looking to gain a competitive advantage.
In July 2020, China Merchants Port Holdings Co., Ltd. and its subsidiaries, including China Merchants Holdings (International) Information Technology Co., Ltd. ("CMHIT"), held a Cloud Signing ceremony in Shenzhen, Greece and Hong Kong with the Thessaloniki Port Authority S.A. ("ThPA"). Two agreements on strategic cooperation and a port information system have been signed by the three companies. CMHIT's "CM Core" is the heart of a Smart Information Service Platform.
According to the agreement, ThPA will be the first to install CTOS system in the European market, as a demonstration and promotion window for the TOS project and related IT solutions to enter the European market; CMPort will use its influence and port network to enhance Thessaloniki Port Authority's reputation and promote the port of Thessaloniki to become an important port for goods entering and leaving Europe.
Hutchison Port Holdings Trust plans to expand its operations in the international market in December 2020. To accomplish this, the company is focusing on a partnership strategy. For example, the Québec Port Authority has entered into a long-term commercial agreement to build and operate the new container terminal with Hutchison Ports and CN (Canadian National Railway). The Quebec Container Terminal, which will be operated by Hutchison Port Holdings (HPH) and Canadian National (CN), is expected to cost $775 million and will open in early 2024. Hutchison Ports, Québec Port Authority, and CN Rail will collaborate to develop the Québec container terminal.
Market Segmentation
The Global Ports and Terminal Operations Market is segmented by service such as Stevedoring, Cargo and handling transportation, and Others, by application such as Food Transportation, Coal Transportation, Steel Transportation, and Others.
Also, the Global Ports and Terminal Operations Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are listed in this report such as APM Terminals, China Merchants Port Holdings Co. Ltd., COSCO SHIPPING LINES CO.LTD, DP World, EUROKAI GmbH & Co.KGaA, Hutchison Port Holdings Trust, International Container Terminal Services Inc., Ports America Inc, PSA International Pte. Ltd, and SAAM.
Market Taxonomy
By Service
• Stevedoring
• Cargo and handling transportation
•  Others
By Application
• Food Transportation
• Coal Transportation
• Steel Transportation
•  Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Global Ports and Terminal Operations Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Ports and Terminal Operations Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Ports and Terminal Operations Market, By Service
5.1 Y-o-Y Growth Comparison, By Service 
5.2 Global Ports and Terminal Operations Market Share Analysis, By Service 
5.3 Global Ports and Terminal Operations Market Size and Forecast, By Service
5.3.1 Stevedoring
5.3.2Cargo and handling transportation
5.3.3. Others
6 Global Ports and Terminal Operations Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Ports and Terminal Operations Market Share Analysis, By Application
6.3 Global Ports and Terminal Operations Market Size and Forecast, By Application
6.3.1 Food Transportation
6.3.2. Coal Transportation
6.3.3. Steel Transportation
6.3.4. Others
7Global Ports and Terminal Operations Market, By Region
7.1 Global Ports and Terminal Operations Market Share Analysis, By Region
7.2 Global Ports and Terminal Operations Market Share Analysis, By Region
7.3 Global Ports and Terminal Operations Market Size and Forecast, By Region
8North America Ports and Terminal Operations Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Ports and Terminal Operations Market Share Analysis, By Service
8.3 North America Ports and Terminal Operations Market Size and Forecast, By Application
8.4 North America Ports and Terminal Operations Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9Europe Ports and Terminal Operations Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Ports and Terminal Operations Market Share Analysis, By Service 
9.3 Europe Ports and Terminal Operations Market Size and Forecast, By Application 
9.4 Europe Ports and Terminal Operations Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Ports and Terminal Operations Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Ports and Terminal Operations Market Share Analysis, By Service 
10.3 Asia Pacific Ports and Terminal Operations Market Size and Forecast, By Application 
10.4 Asia Pacific Ports and Terminal Operations Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11Latin America Ports and Terminal Operations Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Ports and Terminal Operations Market Share Analysis, By Service 
11.3 Latin America Ports and Terminal Operations Market Size and Forecast, By Application 
11.4 Latin America Ports and Terminal Operations Market Size and Forecast, By Country
12Middle East Ports and Terminal Operations Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Ports and Terminal Operations Market Share Analysis, By Service 
12.3 Middle East Ports and Terminal Operations Market Size and Forecast, By Application 
12.4 Middle East Ports and Terminal Operations Market Size and Forecast, By Country
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 APM Terminals
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 China Merchants Port Holdings Co. Ltd
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 COSCO SHIPPING LINES CO.LTD
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 DP World
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 EUROKAI GmbH & Co.KGaA
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Hutchison Port Holdings Trust
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 International Container Terminal Services Inc
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Ports America Inc
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 PSA International Pte. Ltd
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 SAAM
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies