An Overview of the Market

  • The market size for port services was estimated at USD 95,636.59 million in 2023. Between 2024 and 2032, the global port services market is expected to expand at a compound yearly growth rate (CAGR) of 3.1%, from USD 98,601.33 million to USD 1,26,448.2 million.
  • The market for port services is being driven by rising demand for container handling services, increased global maritime trade, and the requirement for infrastructure expansion.
  • The maritime sector is a key driver of global trade and economic expansion, serving as a bridge that links markets and makes it easier for goods to move around the globe. The need for port services is growing along with the volume of global trade.


Analysis of Market Segments

  • The market is divided into two segments based on type: inland ports and seaports.
  • Advisory, engineering, operation, and maintenance are among the services that make up the Port Services Market size.


Regional Perspectives
The report offers market insights for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America by region. The Asia-Pacific Port Services Market is anticipated to increase at a substantial compound annual growth rate (CAGR) over the course of the study. In 2023, it held the biggest market share. Because of the region’s substantial international trade and increasing economy, the APAC port services market is expanding rapidly. As a major exporter and hub for industry, the Asia Pacific region has witnessed a sharp rise in the volume of cargo that enters its ports. APAC port service markets heavily rely on China, the world’s largest trade nation. Major Chinese ports that handle millions of containers a year include Shanghai, Ningbo-Zhoushan, and Shenzhen, making them among of the busiest in the world. The nation’s expanding import and export industry necessitates port operations including loading and unloading. In addition to the APAC players, major players in the port services industry include Singapore, South Korea, Japan, and India.

Furthermore, in the port services market, Europe is the second-largest region. In Europe, ports are vital pieces of infrastructure with high strategic and commercial value. They are crucial for facilitating commerce, encouraging economic expansion, and generating employment. The free flow of people, goods, and services throughout the continent is made possible by ports, which serve as hubs for entry, departure, and transfer in the maritime transportation sector.

Furthermore, the port services market in North America has expanded dramatically in the last several years. More cargo traveling through North American ports as a result of increased international trade, particularly with major trading partners like China, Mexico, and Canada, is driving the demand for port services in North America. The fact that more cargo containers were handled in ports located in Houston, New Orleans, and Mobile, Alabama in March 2024 is one example.

Principal Players
Shanghai International Port, Hamburger Hafen Und Logistik AG, Wilhelmsen Group, Cosco Shipping Ports Limited, DP World Limited, Ap Moller Maersk, Shipping Solutions and Services Ltd, International Container Terminal Services Inc, Ningbo Zhoushan Port Co. Ltd, and PSA International are some of the leading companies in the market.