Maritime Logistics and Services Market Scope
Maritime logistics refers to the process of planning, implementing, and managing the transfer of items and information across oceans. Maritime logistics and services refers to ships operated by civilian crews to transport cargo from one location to another via seaways; maritime service refers to a radio communication service that ensures the safety, navigation, and other operations of ships or vessels, and may also include the exchange of ship-to-shore messages on behalf of the public. The development of free trade agreements and greater seaborne trade between countries are two major factors driving the growth of the marine logistics and services market. Furthermore, growing economic conditions in various nations, combined with an increase in import and export, are propelling the maritime logistics and services industry forward.
According to AMA, the Global Maritime Logistics and Services market is expected to see growth rate of 5.1%
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
A.P. Moller (Denmark), CMA CGM LOG (France), Mediterranean Shipping Company S.A (Switzerland), Evergreen Marine Corp. (Taiwan), Hapag-Lloyd AG (Germany), Maersk (Demark), Ocean Network Express Pte. Ltd (Singapore), Pacific International Lines Pte Ltd (Singapore), China Ocean Shipping Company Limited (China) and Hyundai Merchant Marine India Private Limited (India) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Maritime Logistics and Services market by Type (Fully Electric and Hybrid), by Application (Military and Civil & Commercial) and Region with country level break-up.
On the basis of geography, the market of Maritime Logistics and Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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).
Market Leaders and their expansionary development strategies
On 22 December 2021, A.P. Moller - Maersk (Maersk) has reached an agreement to acquire LF Logistics, a Hong Kong-based contract logistics company, with premium capabilities within omnichannel fulfilment services, e-commerce, and inland transport in the Asia-Pacific region.
On 16 December 2021, A.P. Moller - Maersk announced the signing of an international freight supply chain management partnership with Unilever effective from 2022.The four-year agreement will see the development and management of Unilever’s International Control Tower Solution an operational management solution which will consolidate the execution of its global ocean and air transport, with the aim of enhancing visibility, increasing efficiency and driving reductions in emissions across its operations. Maersk will be providing operational management of international ocean and air transport, underpinned by Maersk´s digital supply chain platform NeoNav, which serves as a core part of the agreement.
- Technological Advancement In Maritime Logistics And Services
- Increasing Maritime Transport Is Drivers Of The Market
- Increasing Demand For Container Handling Services Is Fuel The Growth
- Increasing Number Of Free Trade Agreements Between Countries
- High Demand For Port Infrastructure Development Is Drive The Market
- COVID-19 Pandemic Is Expected To Hamper The Deals
- High Cost Associated With Maritime Logistics And Services
Key Target AudienceMaritime Logistics and Services Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Frequently Asked Questions (FAQ):
1. What are the key segments playing vital role in Maritime Logistics and Services Market?
The Maritime Logistics and Services study can be customized to meet your requirements. The market size breakdown by type [Fully Electric and Hybrid], by end use application [Military and Civil & Commercial].
2. How big is the Maritime Logistics and Services Market?
The Maritime Logistics and Services Market is gaining popularity and expected to see strong valuation by 2027 .
3. What is expected growth rate in Maritime Logistics and Services Market?
According to AMA, the Global Maritime Logistics and Services market is expected to see growth rate of 5.1%.