Ports & Services Industry to Grow Moderately

Moderate growth over next five years in the global marine ports & services market is forecast in a new market report.

The global marine ports and services industry depicted a certain amount of resilience during the 2009 economic slump to stand at an estimated $57.3 billion by 2011 with a 4.9% CAGR during 2006-2011. The global marine ports and services market is forecast to approach $66billion in revenue by 2017 with a 3.3% CAGR during 2012-2017, according to market research by Luncintel.

Increasing seaborne trade with the developing economies is anticipated to spur long-term growth in the global port activity,leading to an upswing in the industry.

Lucintel has analyzed the global marine ports and services industry and offers its findings in a comprehensive research report, “Global Marine Ports and Services Industry 2012-2017: Trend, Profit, and Forecast Analysis.” The report focuses on North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW) and based on the analysis, APAC is expected to outpace the rest with the highest growth over the next five years.

As the study indicates, although the constant threat of terrorism and environmental issues challenge growth in the global marine ports and services industry, it holds significant opportunities for industry players due to the growing demand related to marine ports and services and the development of new ports.

The data and analysis found in this report can be used for a variety of functional business reasons including business development, strategic planning, determination of market size and trends, competitive analysis , investment decisions, and joint product development.     

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