DUBLIN, Oct. 02 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/df32nq/global_marine) has announced the addition of the "Global Marine Port and Service Industry 2015-2020: Trends, Forecast and Opportunity Analysis" report to their offering.
The global marine port and service industry is forecast to grow at a CAGR of 4.7% from 2015 to 2020
The major drivers of growth for this industry are high growth of the marine freight transportation industry and surging demand of containerized and bulk cargo. Increasing global exports, rising customer (Shipping companies) demand, and expansion of new regional trade hubs are the additional factors contributing to accelerated growth.
In this industry, container handling services, ship repair and maintenance services, navigation services, supply chain and logistic solution services, and mechanical and electrical engineering services are the operating segments in the global marine port and service industry. Navigation services are expected to depict above average growth during the forecast period. The author adds that the demand for navigation services is expected to experience the highest growth in the forecast period, supported by an increase in marine freight transportation, which in turn increases the calls of vessels at ports.
Within the marine port and service industry, the container handling service segment is expected to emerge as the leading market by value, followed by the ship repair and maintenance service segment. Due to an increase in containerization, industry players are adopting advanced handling equipment for fast operation. This increase of world container throughput (capacity) is expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest industry due to tremendous economic growth in China and India. Europe and North America are expected to grow significantly due to increasing industrial production, high international trade, and subsequent rise in the demand for marine freight transportation.
Hutchison Whampoa Limited, PSA International, and DP World Limited are among the major service providers of the global marine port and services industry. Some companies are opting for M&A as a strategic initiative for driving growth.
Key Topics Covered:
1. Executive Summary
2. Marine Port and Service Industry Background and Classifications
3. Industry Trend and Forecast Analysis
4. Competitors Analysis
5. Growth Opportunity & Strategic Analysis
6. Company Profiles of Leading Players
For more information visit http://www.researchandmarkets.com/research/df32nq/global_marine
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SOURCE Research and Markets