Container Yard Services Market Analysis APAC,Europe,North America,Middle East and Africa,South America - US,United Arab Emirates,China,Singapore,Germany - Size and Forecast 2024-2028

Container Yard Services Market 2024-2028 

The container yard services market size is forecast to increase by USD 24.55 billion at a CAGR of 8.81% between 2023 and 2028. The container yard services market has experienced significant expansion, driven by several key factors. Firstly, the increase in containerization has led to a surge in demand for efficient and reliable container yard services. Secondly, the growth in cross-border trade has fueled the need for larger and more advanced container yards to facilitate the smooth movement of goods between countries. Lastly, substantial investments in container yard infrastructure have enabled the expansion of existing facilities and the development of new ones, further boosting market growth. These factors have combined to create a robust and dynamic container yard services market.

What will be the Size of the Container Yard Services Market During the Forecast Period?

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Market Dynamics

In the realm of maritime logistics, stevedoring stands as a vital aspect of cargo handling and transportation, encompassing both dry cargo and liquid cargo operations, including the transportation of crude oil. Amidst the complexities of the global supply chain, challenges such as port closures and congestions necessitate innovative solutions. This has led to the adoption of advanced technologies like GPS technology, cameras, and sensors to optimize port operations and enhance capacity utilization. Automated container terminals, driven by robotics and artificial intelligence, offer unparalleled efficiency and accuracy in container freight rates management and marine port services operations. With bunker fuel prices on the rise, the industry increasingly turns to automated container terminal architecture to streamline processes and minimize costs while maximizing space optimization on valuable waterfront property. This integration of technology and automation heralds a new era in cargo handling and port management, driving efficiency and competitiveness in global maritime trade.

Key Market Driver

The rise in investments in container yard infrastructure is the key factor driving market growth. Some of the major ports are increasing their container handling capacity, owing to the increasing container port traffic, through investments in the expansion and construction of new container yard infrastructure. For instance, Indian ports received a cumulative FDI (Foreign Direct Investment) inflow worth USD 1.63 billion between April 2000 and June 2021.

Similarly, in October 2021, Adani Group announced that it is aiming to make Adani Port a net-zero carbon emitter by 2025 and power all of its data centers with renewable energy by the end of 2030. Thus, such a rise in investments in container yard infrastructure developments is likely to increase the need for various container yard services. This, in turn, will drive the growth of the global container yard services market during the forecast period.

Key Market Trends

The emergence of new container storage systems is the primary trend shaping market growth. Development in international trade commodities has increased containerization activities. However, this development has led to a lack of space in container yards. Many seaports worldwide are now facing a capacity shortage, which has led to space constraints at container yards. An increase in port traffic can lead to a rise in the stacking of containers in storage yards to utilize the limited space available in the port area. Besides, when the stacking of containers is higher than the overall throughput of a terminal, many port operators focus on possible ways to manage the high volume of container demand. 

Furthermore, the new system places each container in an individual rack compartment instead of stacking containers directly on top of each other. In this case, they are stored in an 11-storey rack, creating more capacity than a conventional container terminal and reducing space usage. The racking system can store more than 1,200 TEUs. The emergence of such racking systems will drive the growth of the global container yard services market during the forecast period.

Key Market Challenge

Increasing congestion in container yards is a challenge that affects market growth. At container terminals, a container yard is a place where containers are stored. A container yard serves as a buffer for loading, unloading, and transshipping containers. Container port traffic has been increasing worldwide. A large number of containers moving in and out of container terminals has increased congestion and led to capacity issues in container yards.

Moreover, at container terminals, the berth and yard allocation plan assigns ships to berths and containers to yard blocks. Operations are often slowed down because of overloaded areas in the yard. In addition, an increase in container congestion in the yard adversely affects container yard services such as container handling, loading, and unloading of containers from vessels. This, in turn, will impede market growth during the forecast period.

Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Who are the Major Container Yard Services Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

• AP Moller Maersk AS: The company offers container yard services such as preparing containers, cargo stuffing and destuffing, receiving and stowing full containers, facilitating customs clearances in the bonded yard, or shunting full containers to port closer to vessel arrival.

The research report also includes detailed analyses of market growth and forecasting as well as the competitive landscape of the market and information about 20 market companies, including:

• Abu Dhabi Ports PJSC
• China Merchants Group
• CK Hutchison Holdings Ltd.
• Container Corp. of India Ltd.
• Crescent Enterprises
• Davao International Container Terminal Inc.
• EUROGATE GmbH and Co. KGaA KG
• Gulf Agency Co. Ltd.
• International Container Terminal Services Inc.
• Kamigumi Co. Ltd.
• MSC Mediterranean Shipping Co. SA
• Ports America Inc.
• Restaurant Kitchen Equipment LLC
• Sociedad Matriz SAAM SA
• TDK Metro Terminals Ltd.
• Temasek Holdings Pvt Ltd.
• COSCO Shipping International Hong Kong Co. Ltd.
• North Sea Terminal Bremerhaven GmbH and Co.
• ITS Technologies and Logistics LLC

Qualitative and quantitative market research and growth analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Container Yard Services Market?

The handling segment is estimated to witness significant growth during the forecast period. The handling segment includes the handling of loaded and empty containers. Container handling contains the movement of loaded or empty containers between docks alongside vessels and inland carriers. It also includes the movement of containers between vessels and the place of rest in a container yard. Most container transport companies focus on speed and reliability. 

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The handling segment was the largest segment and was valued at  USD 22.51 billion in 2018. Some major market players that offer container yard services are investing in new equipment to improve container handling services. Furthermore, some terminal operators are investing in the automation of container handling. The increasing use of automation by terminal and yard operators for container yard handling services will help in improving efficiency and reducing the time for container handling. Therefore, as per the Market forecasting, this will eventually fuel the growth of the handling services segment, thereby leading to the growth of the global container yard services market during the forecast period.

Which are the Key Regions for the Container Yard Services Market?

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APAC is estimated to contribute 57% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained in the market analysis and report, the regional market growth and trends and drivers that shape the market during the forecast period. The container yard services market in APAC is expanding rapidly, owing to the region's importance in global trade and manufacturing. Countries with big ports and significant container traffic, such as China, Singapore, and South Korea, are major contributors to the market. Therefore, as per the market forecast, this growth is expected to continue in the region in coming years.

Moreover, the key drivers include increased containerization of goods, brisk e-commerce activity, and the expansion of the shipping industry. Furthermore, the region's substantial economic growth, combined with infrastructure expenditures in port facilities, logistics, and multimodal transportation, places it at the forefront of the regional container yard services market. As the demand for effective cargo handling and container management grows, the APAC container yard services market is positioned for long-term growth during the forecast period.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

• Service Outlook 
  • Handling
  • Storage
• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

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Market Analyst Overview

Port congestions pose significant challenges for marine port services operators as they navigate the complexities of maritime shipping in a globalized world. With the rise in world trade, container-handling ports are under increasing pressure to handle bulk cargo efficiently. Seaborne trade necessitates the continuous evolution of the global marine vessel industry, driving the adoption of energy-efficient technologies and electric-powered equipment. To address the growing demand for storage space, large container terminals, medium container terminals, and small container terminals are leveraging data analytics and optimization software to maximize storage capacities. From private container terminals to public container terminals, shipping companies and port authorities are investing in automated gate systems, automated yard management systems, and container tracking and identification systems to streamline operations. Safety remains paramount, with safety and surveillance systems and automated crane control systems ensuring accident prevention and efficient monitoring of terminal activities. This integration of technology and automation drives efficiency and safety in the shipping and logistics sector.

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What are the Key Data Covered in this Market Forecast Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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