Container Terminal Industry Market Research Published
Global Marine & Container Terminal Operation Industry market research report available.
Extracts the IBISWorld report follow:
Over the long term, IBISWorld projects that trends towards globalization, complex international supply chains and growing world GDP will see the volume of seaborne trade continue to grow strongly.
Marine port operators worldwide are literally and figuratively in the middle of growth in international trade. "The main factors that have assisted the industry's growth in the past 15 years have been trade liberalization, world GDP growth and ongoing growth of Asian economies," says IBISWorld analyst Caroline Finch.
"Through the process of trade liberalization, government incentives for domestic industries have been wound back." Ongoing negotiations, both global and regional, are smoothing trade flows between nations. The Global Marine and Container Terminal Operation industry is estimated to be worth $34.4 billion in 2012, and is growing.
Over the five years to 2012, industry revenue has grown by an annualized 2.4%; this is almost one-third of the 8.5% annualized growth recorded in the five years through to 2008.
Revenue fell in 2009 as global trade volumes, especially merchandise imports and exports fell. Despite the historically low annual growth over the past five years, the rebound from the financial crisis came quickly, with revenue returning to levels similar to 2008 in 2010; however, the aftershocks from the global recession have led to slow revenue growth in the two years through 2012. In the five years through 2017, IBISWorld projects that industry revenue will grow slowly.
The report may be accessed here.