Maritime Logistics and Services Market Report Information By Cargo Type (General Cargo {Break Bulk [Drums, Bags, Pallets, Barrels, and Boxes], Neo Bulk [Lumber, Paper, Steel, Vehicles] and Containerized}, and Bulk Cargo {Liquid Bulk [Petroleum, LNG, Chemicals, and Vegetable Oils], Dry Bulk [Coal, Iron Ore, Grains, Bauxite, and Sand]}), By Services (Port & Cargo Handling, Route Surveys, Multimodal Transportation, Lifting Equipment Management, Packing & and Crew Management) By Region – Forecast 2032

Global Maritime Logistics and Services Market Overview

The maritime logistics and services market size was valued at USD 77.1 Billion in 2022. The maritime logistics and services industry is projected to grow from USD 83.11 Billion in 2023 to USD 151.57 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.80% during the forecast period (2024 - 2032). Rising economic conditions in various nations, increased import and export among economies, rising need for low-cost, secure transportation, and rapid adoption of novel technologies are the key market drivers enhancing the market growth.

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Maritime Logistics and Services Market Trends

Capacity optimization via digital transformation is driving market growth.

Market CAGR for maritime logistics and services is being driven as various carriers are increasingly partnering with startups in the shipping industry that concentrate on data display of cargo activities and vessels that can promote optimal cargo routing and improved vessel deployment, among other advantages. For instance, startups, including Transmetrics, focus on examining cargo positioning data to accurately forecast cargo volumes that can assist carriers in averting empty back-haul trips. Hence, the total optimization of deployed vessels is anticipated to grow the maritime logistics and services market revenue.

Increasing disposable income, infrastructure development to support maritime transportation, and rising seaborne trade are some major factors driving the market. The increase in disposable income of consumers coupled with Globalization has led to an increase in demand for international goods. This has increased exports and imports within different countries. The development of canals to shorten routes and trade agreements has resulted in strengthened infrastructure and conditions to support maritime freight transport.

Maritime transport is the pillar of international trade and the economy. A rise in seaborne trade globally is expected to fuel the growth of the market during the marine vessel industry forecast period. According to Maritime Publications, approximately 80% of the international trade by volume and over 70% of the world trade by value are carried out by sea and are controlled by ports globally. Globalization and the rapid expansion of Asian economies, such as China and South Korea, would play a major role in maritime trade growth.

Increasing demand for more efficient and sustainable shipping operations and using technologies such as IoT, Al, and blockchain is becoming more widespread in the maritime industry as companies look to improve efficiency and reduce costs. Moreover, the adoption of digital platforms for supply chain management is expected to continue to grow as they improve transparency and efficiency in logistics operations. With the growing emphasis on sustainability, the maritime industry focuses on reducing its carbon footprint and using sustainable energy sources.

Maritime Logistics and Services Market Segment Insights

Maritime Logistics and Services Cargo Type Insights

The maritime logistics and services market segmentation, based on cargo type, includes general cargo {break bulk [drums, bags, pallets, barrels, and boxes], neo bulk [lumber, paper, steel, vehicles] and containerized}, and bulk cargo {liquid bulk [petroleum, LNG, chemicals, and vegetable oils] and dry bulk [coal, iron ore, grains, bauxite, and sand]}. The general cargo segment dominated the market, accounting for 35% of market revenue (29.09 Billion). In developing economies, category growth is driven as general cargo is used to transport meals, machines, chemicals, clothing, and other items. However, neo-bulk is the fastest-growing category due to the rise in maritime trade and notable expansion in the pharmaceutical, industrial, agricultural, petrochemical, and automotive industries.

Maritime Logistics and Services Insights

The maritime logistics and services market segmentation, based on services, includes port & cargo handling, route surveys, multimodal transportation, lifting equipment management, packing & crating, vessel chartering, insurance & legal support, and crew management. The port & cargo handling category generated the most income (70.4%). This is due to increasing container cargo traffic. However, crew management is the fastest-growing category due to the shifting trend of the maritime sector toward digitalization, the supply chain and logistics solutions services.

Maritime Logistics and Services Solution Insights

The maritime logistics and services market segmentation, based on solutions, includes supply chain management, warehouse management, port equipment training, and others. The supply chain management category generated the most income due to rising demand and increased awareness of the benefits of maritime logistics solutions. However, warehouse management is the fastest-growing category due to the rising trend of online purchasing.

Figure 1: Maritime Logistics and Services Market, by Solution, 2022 & 2032 (USD Billion)

Source Primary Research, MRFR Database, Secondary Research, and Analyst Review

Maritime Logistics and Services Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American maritime logistics and services market will dominate owing to port call optimization and substantial investment in infrastructure that have allowed faster loading and unloading of goods in countries that will boost the market growth in this region. Further, the German maritime logistics and services market held the largest market share, and the UK maritime logistics and services market was the fastest-growing market in the European region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: MARITIME LOGISTICS AND SERVICES MARKET SHARE BY REGION 2022 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's maritime logistics and services market accounts for the second-largest market share due to increased emphasis on modernizing and expanding existing ports have boosted the trading volumes in this region. Further, the German maritime logistics and services market held the largest market share, and the UK maritime logistics and services market was the fastest-growing market in the European region.

The Asia-Pacific maritime logistics and services market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the huge population of the country and the presence of a large manufacturing base. Moreover, China’s maritime logistics and services market held the largest market share, and the Indian maritime logistics and services market was the fastest-growing market in the Asia-Pacific region.

Maritime Logistics and Services Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the maritime logistics and services market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the maritime logistics and services industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the maritime logistics and services industry to benefit clients and increase the market sector. Major players in the maritime logistics and services market, including Evergreen Marine Corp., Ocean Network Express Pte. Ltd, Pacific International Lines Pte Ltd, CMA CGM LOG, A.P. Moller-Maersk, Hapag-Lloyd AG, and others are attempting to increase market demand by investing in research and development operations.

Maersk AS is a provider of transportation and logistics services. It operates shipping containers and ports through subsidiaries and affiliates. The company transports dry cargo, refrigerated cargo, and special cargo, conducts used container sales and supports intermodal transport. Maersk AS's major brands include Maersk Line, Damco, APM Terminals, Svitzer, Twill, Sealand, Hamburg Sud, Alianca, Maersk Container Industry, and Maersk Training. The company also manufactures dry containers and refrigerated containers. The company serves energy, shipbuilding, retail, logistics and manufacturing industries. In February 2021, Maersk announced that it would not be utilizing transitional marine fuels, including LNG, to decrease its greenhouse gas emissions but instead would jump directly to net-zero fuels biodiesel, bio-methanol, e-methanol, lignin fuels, and green ammonia.

Evergreen Marine Corp Taiwan Ltd is an international shipping company. It provides various services such as cargo loading and discharging services; wharf handling; cargo tracking; and terminal and container shipping services. EMC invests in a transport-related business, container yards, and port terminals. The company manufactures dry steel containers and container parts. It also offers container storage, inspection, repair, cleaning, and maintenance services. EMC serves various industries such as manufacturing, freight forwarding, service providing, retailing and logistics industries. In January 2022, Evergreen Marine Corp acquired the entire stake in a Panama terminal to strengthen its presence in the Americas and raise its competitive edge.

Key Companies in the Maritime Logistics and Services market include

• Evergreen Marine Corp.


• Ocean Network Express Pte. Ltd


• Pacific International Lines Pte Ltd


• CMA CGM LOG


• P. Moller-Maersk


• Hapag-Lloyd AG


• Hyundai Merchant Marine India Private Limited


• China Ocean Shipping Company Limited


• Mediterranean Shipping Company S.A.


• YANG MING Group

For Instance, June 2020 Houston-headquartered OSV owner Seacor Marine Holdings sealed an agreement with Cosco Shipping Group to acquire the Chinese company’s 50% stake in Seacosco Offshore.

Maritime Logistics and Services Market Segmentation

Maritime Logistics and Services Cargo Type Outlook

• 
  General Cargo
  
  
  
  • 
    Break Bulk
    
    
    
    • Drums
    
    
    • Bags
    
    
    • Pallets
    
    
    • Barrels
    
    
    • Boxes
    
    
    
    
  
  
  • 
    Neo Bulk
    
    
    
    • Lumber
    
    
    • Paper
    
    
    • Steel
    
    
    • Vehicles
    
    
    
    
  
  
  • Containerized
  
  
  
  

• 
  Bulk Cargo
  
  
  
  • 
    Liquid Bulk
    
    
    
    • Petroleum
    
    
    • LNG
    
    
    • Chemicals
    
    
    • Vegetable Oils
    
    
    
    
  
  
  • 
    Dry Bulk
    
    
    
    • Coal
    
    
    • Iron Ore
    
    
    • Grains
    
    
    • Bauxite
    
    
    • Sand
    
    
    
    
  
  
  
  

Maritime Logistics and Services Outlook

• Port & Cargo Handling


• Route Surveys


• Multimodal Transportation


• Lifting Equipment Management


• Packing & Crating


• Vessel Chartering


• Insurance & Legal Support


• Crew Management

Maritime Logistics and Services Solutions Outlook

• Supply Chain Management


• Warehouse Management


• Port Equipment Training


• Others

Maritime Logistics and Services Regional Outlook

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America