#Hong Kong Freight and Logistics Market Analysis

[mordorintelligencemarketresearch]

Understanding the Hong Kong Freight and Logistics Industry: A Market Overview

Introduction 

Hong Kong is often referred to as one of the world's leading logistics hubs. Its strategic location, advanced infrastructure, and business-friendly environment have made it a pivotal point for freight and logistics services in the Asia-Pacific region. This blog explores the current landscape of the freight and logistics industry in Hong Kong, examining key trends, challenges, and opportunities. 

Market Overview 

The Hong Kong freight and logistics market is characterized by a dynamic ecosystem that includes air, sea, and land transport. The city’s deep-water port and international airport are among the busiest in the world, facilitating the movement of goods across borders. 

Market Size and Growth: The Hong Kong freight and logistics market is projected to reach USD 21.40 billion in 2024, with expectations to grow to USD 26.71 billion by 2029. This represents a compound annual growth rate (CAGR) of 4.53% during the forecast period from 2024 to 2029.  

According to recent reports, the logistics sector in Hong Kong has shown steady growth, driven by increased e-commerce activities, global trade, and demand for warehousing and distribution services. The market is projected to expand further as businesses adapt to new technologies and consumer behaviors. 

Key Players: Major companies in Hong Kong’s freight and logistics industry include international giants like DHL, FedEx, and Maersk, as well as regional players who offer specialized services. The competitive landscape is continuously evolving with new entrants focusing on niche markets. 

Key Trends 

E-commerce Boom: The rise of e-commerce has dramatically influenced the logistics sector. Consumers expect quick delivery times, prompting logistics companies to innovate their supply chain strategies and enhance last-mile delivery services. 

Technology Adoption: The integration of technology in logistics, such as IoT, AI, and big data analytics, is reshaping operations. Companies are leveraging these technologies for better inventory management, route optimization, and enhanced customer service. 

Sustainability Initiatives: With increasing awareness of environmental issues, many logistics companies are prioritizing sustainable practices. This includes adopting green transportation methods, reducing packaging waste, and improving energy efficiency in warehouses. 

Challenges 

While the future looks promising, the freight and logistics industry in Hong Kong faces several challenges: 

Infrastructure Strain: The rapid growth in logistics demand has led to congestion in ports and road networks. Upgrading infrastructure to accommodate this growth is critical. 

Regulatory Compliance: Navigating the complex regulatory landscape can be challenging for logistics providers, especially in terms of customs procedures and trade compliance. 

Labor Shortages: The logistics sector is experiencing a shortage of skilled labor, which can hinder operational efficiency and growth. Companies need to invest in training and development to attract and retain talent. 

Opportunities 

Belt and Road Initiative: Hong Kong stands to benefit from China’s Belt and Road Initiative, which aims to enhance connectivity and trade across Asia and beyond. This presents opportunities for logistics providers to expand their services. 

Smart Logistics: The shift towards smart logistics solutions offers a plethora of opportunities. Companies that invest in automation and advanced analytics can streamline operations and improve customer satisfaction. 

Cross-Border E-commerce: As more businesses look to expand their reach, cross-border e-commerce logistics presents a significant opportunity for growth. Tailoring services to facilitate international shipping can attract new clients. 

Conclusion 

The Hong Kong freight and logistics industry is poised for continued growth and transformation. By embracing technological advancements, addressing infrastructure challenges, and capitalizing on emerging opportunities, stakeholders can navigate this competitive landscape effectively. As Hong Kong solidifies its position as a logistics hub, the future holds promise for businesses willing to adapt and innovate.    For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence: https://www.mordorintelligence.com/industry-reports/hong-kong-freight-logistics-market-study 

[sanjeev3214]

Air Cargo Market Size, Share, Revenue & Industry Report 2030

Air Cargo Market Overview

The air cargo industry is anticipated to reach USD 130.19 billion by 2030, growing at a CAGR of 4.9% from 2024 to 2030. This sector is undergoing significant transformations, particularly with the adoption of advanced technologies like robotics, artificial intelligence (AI), Big Data, and the Internet of Things (IoT). These innovations are enhancing efficiency across various operations, from flight operations to revenue accounting and network planning.

Market Dynamics

Drivers:

E-commerce Growth: The surge in e-commerce, especially from regions like East Asia, is a primary driver. Airlines report that e-commerce now contributes over half of their revenue from this region.

Technological Advancements: The adoption of robotics, AI, and IoT in air cargo operations is streamlining processes and improving efficiency.

High-Value Shipments: Increasing transportation of high-value items like electronics, pharmaceuticals, and perishables is boosting market growth.

Restraints:

High Costs: The significant costs associated with air cargo services, including high crude oil prices, can hinder market growth.

Infrastructure Needs: Effective air cargo services require substantial infrastructure investments, which can be a barrier for some regions.

Technological Impact: The air cargo sector is increasingly leveraging advanced technologies. For instance, 68% of biotech products are temperature-sensitive, necessitating sophisticated cool-chain technologies. Companies like Pelican BioThermal are at the forefront, providing innovative cold-chain solutions essential for the biopharmaceutical sector.

Market Segmentation

By Type:

Airmail

Air Freight: Dominates the market due to its extensive use for high-value and time-sensitive shipments.

By Service:

Normal Service

Express Service: Holds a significant market share, driven by the need for quick delivery times in the e-commerce sector.

By Destination:

International Market

Domestic Market: The domestic segment led the market in 2018 and continues to be crucial due to rising internal trade activities.

By End-User:

Automotive

Consumer Electronics

Pharmaceutical and Healthcare: This sector holds the largest share due to the critical nature of timely and safe delivery.

Food and Beverages

Retail

Regional Analysis

Asia-Pacific: The fastest-growing region, driven by booming e-commerce in China, India, and Australia.

North America: The second-largest market, supported by advanced infrastructure and major industry players.

Europe: Holds a significant share due to well-established logistics networks and technological advancements.

Latin America and the Middle East & Africa: These regions have the least market share, constrained by inadequate infrastructure and lower disposable incomes.

Major Players in the Air Cargo Market

Qatar Airways (Qatar)

Etihad Airways (UAE)

International Consolidated Airlines Group, SA (UK)

All Nippon Airways Co., Ltd (Japan)

Deutsche Lufthansa AG (Germany)

Japan Airlines (Japan)

The Emirates Group (UAE)

Singapore Airlines (Singapore)

Cargolux (Luxembourg)

Korean Air (South Korea)

China Eastern Airlines Corporation Limited (China)

Cathay Pacific Airways Limited (Hong Kong)

DHL International GmbH (Germany)

United Parcel Service of America, Inc. (US)

FedEx (US)

Recent Developments

February 2022: AP Moller-Maersk acquired Pilot Freight Services for USD 1.6 billion, enhancing their air freight capabilities.

February 2022: Flexport placed an advanced purchase order for Natilus's cargo UAVs, highlighting a shift towards autonomous air freight technology.

Conclusion

The air cargo market is poised for significant growth, driven by technological advancements, the rise of e-commerce, and the increasing demand for quick, efficient delivery of high-value goods. Despite challenges like high costs and infrastructure needs, the sector is set to expand, with major players continuously innovating to meet global demands.

[ellinapark]

Air Cargo & Freight Logistics Market to Scale New Heights as Market Players Focus on Innovations 2023 – 2028

Global Air Cargo & Freight Logistics Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions. Major Players in This Report Include:

FedEx (Federal Express) Corporation (United States)

Expeditors International (United States)

United Parcel Service Inc. (United States)

Kuehne + Nagel (Switzerland)

CEVA Logistics (Switzerland)

Bollore Group SDV (France)

Deutsche Post DHL (Germany)

DB Schenker (Germany)

Korean Airlines (South Korea)

The Emirates Group (United Arab Emirates)

Cathay Pacific Airways Limited (Hong Kong)

Cargolux Airlines International S.A (Luxembourg)

China Airlines Ltd (China)

Japan Airlines Co. (Japan) Air transport is vital for manufactures trade, particularly trade in component which is major part of cross border trade. Freight transporting companies arrange transport facilities and take the full responsibility for consignments as per the terms agreed. Rising trade activities backed by favorable government initiatives is driving the Air cargo & Freight Logistic market. Nowadays customer seeks to improve their supply chains, hence freight transport companies are focusing towards customized value added services to increase the high margins. In recent year Air freight transport has seen significant rise and as IATA (International Air Transport Association) forecasts, Air cargo to carry to 62.5 Million tons in 2018 which is approximately 5% on the 59.9 Million tons in 2017. Market Drivers Increased Globalization due to Rapid Growth of Some Developing Countries

Growing demand for pharmaceutical products, chemical and valuables

Just in time production of goods 

Market Trend Stringent government rules and regulation

Buyers are increasingly looking forward for end to end supply chain solution for quick results

Opportunities Warehousing Services to integrate with the air e-commerce channel

Challenges Complex process due to activities running simultaneously

Dependency on Few Developed Countries fulfilling Global Demand and Supply

The Air Cargo & Freight Logistics market study is being classified 820

Presented By

AMA Research & Media LLP

[sanemyamen]

Air Cargo & Freight Logistics Market Growing Popularity and Emerging Trends in the Industry Analysis by Key Players

Latest business intelligence report released on Global Air Cargo & Freight Logistics Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Air Cargo & Freight Logistics market outlook. List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis are FedEx (Federal Express) Corporation (United States),Expeditors International (United States),United Parcel Service Inc. (United States),Kuehne + Nagel (Switzerland),CEVA Logistics (Switzerland),Bollore Group SDV (France),Deutsche Post DHL (Germany),DB Schenker (Germany),Korean Airlines (South Korea),The Emirates Group (United Arab Emirates),Cathay Pacific Airways Limited (Hong Kong),Cargolux Airlines International S.A (Luxembourg),China Airlines Ltd (China),Japan Airlines Co. (Japan) Air transport is vital for manufactures trade, particularly trade in component which is major part of cross border trade. Freight transporting companies arrange transport facilities and take the full responsibility for consignments as per the terms agreed. Rising trade activities backed by favorable government initiatives is driving the Air cargo & Freight Logistic market. Nowadays customer seeks to improve their supply chains, hence freight transport companies are focusing towards customized value added services to increase the high margins. In recent year Air freight transport has seen significant rise and as IATA (International Air Transport Association) forecasts, Air cargo to carry to 62.5 Million tons in 2018 which is approximately 5% on the 59.9 Million tons in 2017. Key Market Trends: Stringent government rules and regulation

Buyers are increasingly looking forward for end to end supply chain solution for quick results

Opportunities: Warehousing Services to integrate with the air e-commerce channel Market Growth Drivers: Increased Globalization due to Rapid Growth of Some Developing Countries

Growing demand for pharmaceutical products, chemical and valuables

Just in time production of goods 

Challenges: Complex process due to activities running simultaneously

Dependency on Few Developed Countries fulfilling Global Demand and Supply

The Global Air Cargo & Freight Logistics Market segments and Market Data Break Down by Application (Food, Industrial Materials, Equipment, Other), Destination (Domestic, International), Service Type (Express, Regular)

Presented By

AMA Research & Media LLP

[stockxpo]

Best Swing Trading Stocks: Week of 07-08-2022

Hello to all our readers including Traders, Investors, Analysts, and others!!!!

Let’s recap this week’s latest news. Stock futures fell early on Friday following a rally on Wall Street as investors await a key jobs report Friday. Futures tied to the Dow Jones Industrial Average fell 91 points or 0.29%. S&P 500 futures were down 0.36%, and Nasdaq 100 futures slumped 0.44%. One of Hong Kong’s top financial officials, Ashley Alder, is leaving his role as chief executive of the city’s markets regulator to become chair of the U.K. Financial Conduct Authority. Beijing city toned down a plan to require Covid vaccinations to enter some public venues, and maintained that a negative virus test was sufficient. The report cited a member of the city’s virus prevention and control office, who emphasized current rules — a negative virus test within the last 72 hours.

If you are a regular reader, you may be already aware, we recommend 10-12 stocks in 2 different categories – 1. ValueGrowth and 2. TechFund, to fit different trading styles and strategies. You can find more details about these strategies in our FAQ section. This is more of a swing trading, as we keep balancing our portfolio on a weekly basis, mostly on Friday. If you are new, welcome. Visit our site to get all relevant information about stocks and make sure to subscribe to our newsletter to get updates on our Swing Trading Stock Picks. We send out our newsletter as soon as we publish our stock picks. We hope that you love our articles and get all the details so keep coming to our site for more information. Swing traders primarily use technical analysis for swing trading, but here we combine technical analysis with fundamental analysis and choose the best stock market investment which is best and safe for swing trading. We have tested out our strategy with more than 20 years of data and it performed well against S&P 500.

Here we are again with this week’s recommendations. Please note that overall the market was very much on the upside, and whether you are following our recommendations or not, I am sure if you have been trading this week ending today then you must have collected a lot of profits. If not, and you are skeptical about the market, add swing trading to your trading strategy and get started to follow our recommendations. We are going to publish the performance results for the last few months and this year to date, to give you some ideas of how we have been compared against the S&P 500 and other major indexes.

Now let's look at our picks for this week.

StockXpo's – ValueGrowth Strategy

As you know, this is more like Buffett's Value Strategy, but our stock-picking criterion is to pick the top 3 out of such value stocks. Moreover, we are more likely to hold them for the short term, not the long term. Our backtesting suggests that weekly balancing gives very good results week over week and year over year, it can grow your portfolio exponentially if you just consistently follow these strategies. So our picks are CNM, NX and CVLG in this category.

NX(Quanex Building Products Corporation): Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, Europe, Canada, Asia, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components. It offers flexible insulating glass spacers, extruded vinyl profiles, window, and door screens, precision-formed metal and wood products, as well as cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry.

CVLG(Covenant Logistics Group, Inc.)- Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods using equipment either owned or leased by the company.

CNM(Core & Main, Inc.): Core & Main, Inc. distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States.Its products include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, and other related products; fire protection products, including fire protection pipes, sprinkler heads and other devices, fire suppression systems, and related accessories, as well as fabrication services; and meter products, such as smart meter products, installation, software, and other services.

StockXpo's TechFund Strategy

This is the most active category and we give a lot of preference here to stocks that have strong technical and strong fundamental current and past track records. That’s why we call it the TechFund (TAFA) strategy. Just like other strategies, we pick these companies here for weekly based swing trade recommendations.

Please note that we have added it from this list $PRPH, $FGBI, $AXS, $UFCS, $DCPH, $KVHI, $FCFS removed $NX, $SNEX, $SELB, $GEF, $GORO, $ASC

PRPH(ProPhase Labs, Inc.): ProPhase Labs, Inc. engages in the research, development, manufacture, distribution, marketing, and sale of over the counter (OTC) consumer healthcare products and dietary supplements in the United States. The company operates in two segments, Diagnostic Services and Consumer Products. It offers a range of OTC dietary supplements, including Legendz XL for male sexual health; and Triple Edge XL, an energy and stamina booster. The company also provides contract manufacturing services, such as product development, pre-commercialization, production, warehousing, and distribution; SARS-CoV-2 (COVID-19) and COVID-19 viral mutation polymerase chain reaction tests through saliva and nasal swab methods; and other respiratory pathogen panel molecular testing services, as well as personal genomics products and services.

FGBI(First Guaranty Bancshares, Inc.): First Guaranty Bancshares, Inc. operates as the holding company for First Guaranty Bank that provides commercial banking services in Louisiana and Texas. It offers various deposit products, including personal and business checking, savings, money market, and demand accounts, as well as time deposits to consumers, small businesses, and municipalities. The company also provides loans, such as non-farm, non-residential loans secured by real estate, commercial and industrial loans, one-to four-family residential loans, multifamily loans, construction, and land development loans, agricultural loans, farmland loans, and consumer and other loans to small to medium-sized businesses and professionals, and individuals.

AXS(AXIS Capital Holdings Limited): AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, and hull war; and terrorism, aviation, credit and political risk, and liability insurance products. It also provides professional insurance products that cover directors' and officers' liability, errors and omissions liability, employment practices liability, fiduciary liability, crime, professional indemnity, cyber and privacy, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers.

UFCS(United Fire Group, Inc.): United Fire Group, Inc., together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. The company offers commercial and personal lines of property and casualty insurance; commercial multiple perils and inland marine insurance, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers' compensation, and fidelity and surety coverage; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners. The company sells its products through a network of independent agencies. United Fire Group, Inc. was founded in 1946 and is headquartered in Cedar Rapids, Iowa.

DCPH(Deciphera Pharmaceuticals, Inc.): Deciphera Pharmaceuticals, Inc., a biopharmaceutical company, develops drugs to enhance the lives of cancer patients by addressing key mechanisms of drug resistance that limit the rate and durability of response to existing cancer therapies in the United States and internationally. Its lead drug candidate is QINLOCK used for the treatment of gastrointestinal stromal tumors (GIST), as well as in the INTRIGUE Phase 3 study to treat second-line GIST. The company is also developing vimseltinib, an orally administered, potent, and highly selective switch-control kinase inhibitor of colony-stimulating factor 1 receptor (CSF1R) for the treatment of tenosynovial giant cell tumor (TGCT); and DCC-3116 to treat RAS/RAF mutant cancers that is in the preclinical-stage. Deciphera Pharmaceuticals, Inc. was founded in 2003 and is headquartered in Waltham, Massachusetts.

KVHI(KVH Industries, Inc.): KVH Industries, Inc. designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company operates through Mobile Connectivity and Inertial Navigation segments. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard TracPhone terminals and hub equipment; data management software; and Iridium OpenPort hardware products and services. It also offers airtime plans that enable customers to obtain Internet and voice services, value-added, and news and radio content services to retail customers.

FCFS(FirstCash Holdings, Inc): FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and the Rest of Latin America. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retail merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers. The company is also involved in melting scrap jewelry, as well as selling gold, silver, and diamonds in commodity markets. As of December 31, 2021, it operated 1,081 stores in the United States and the District of Columbia; 1,656 stores in Mexico; 60 stores in Guatemala; 13 stores in El Salvador; and 15 stores in Colombia. The company was incorporated in 1988 and is headquartered in Fort Worth, Texas.

StockXpo's Diversification Strategy

Companies often think about diversification when they reach a certain point in their development. Igor Ansoff identified diversification as one of the four main growth strategies in 1957, and it allows companies to look at other markets or new products to expand their reach and revenue.

Diversification aims to smooth out unsystematic risk occurrences in a portfolio by ensuring that the positive performance of some investments balances out the negative performance of others. Only if the securities in the portfolio are not completely correlated—that is, if they react to market factors differently, frequently in opposing ways—does diversification pay off.

If you are following all strategies and watchlist – here is the recommendation for the StocXpo diversification Strategy-

SELL(SNEX, TWI, SELB, GEF, GORO, CHS, ASC)

HOLD(NX, PRPH, CNM)

BUY(FGBI, AXS, UFCS, DCPH, CVLG, KVHI, FCFS)

If you haven’t subscribed yet, please subscribe to our newsletter so you can get the updates delivered to your mailbox. Subscribe to our newsletter so you get notified when we publish our future article like this on every Friday about Best Stocks to Buy For Short term for Swing Trading with clear directions on Buy vs Hold vs Sell. We recommend to balance your swing trading StockXpo alert-based portfolio every Friday following our recommendations closely. All you need is half an hour to an hour of your time on Friday depending on how quickly you can execute these trades. Subscriber today, it’s absolutely free forever.

Please visit our website https://stockxpo.com/ for more details.

Happy Trading!!!!

[weepingengineerpuppy]

Cargo Transportation Market Forecast to 2027

The global cargo transportation market is growing continually. Market growth attributes to the rising need to create the highest levels of confidence around cargo transportation and visibility from order to cargo deliverance processes. Logistic businesses worldwide are flourishing with rapid digitization and automation. Growing uses cargo transportation services across industries, and logistic businesses escalate the market growth.

With the rising export-import trades and shipment & courier business globally, the market is projected to perceive substantial traction in the recent future. In this regard, Market Research Future (MRFR) states that the global cargo transportation market is expected to garner significant gains by 2026, growing at a 6.8% CAGR during the review period (2020 – 2026).

Advances in Technologies and Production & Manufacturing Processes Scale-up Cargo Transportation Market

Additionally, the rising need for improved productivity, performance and security of logistics-intensive businesses bolster the growth of the market. Logistics service providers (LSPs) that find it difficult to shell out high transportation costs and an inferior customer experience create substantial market demand. Increasing adoption of cargo transportation services to plan, allocate, and execute shipments, push the market shares.

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Furthermore, the rising demand for software-as-a-service solutions to route, schedule, track, and measure delivery resources boosts market size. Forward-looking companies constantly think about creating value with innovations that can take customer experience to the next level. Increasing demand for advanced solutions that can monitor the location and other critical cargo parameters like acceleration events pushes the market size further.

Global Cargo Transportation Market - Segmentation

The report is segmented into types, shipment categories, applications, and regions. The type segment is sub-segmented into rail transportation, road transportation, air transportation, and sea transportation.

The shipment category segment is sub-segmented into freight, parcel, express, and others. The application segment is sub-segmented into construction & mining, oil & gas, healthcare, food & beverages, and others. The region segment is sub-segmented into North America, Europe, Asia Pacific, and the Rest-of-the-World.

Global Cargo Transportation Market - Regional Analysis

North America dominates the global cargo transportation market. The largest market share attributes to the increasing industrialization and increasing commercial & military activities in the region. Besides, the rapidly increasing investments and demand for cargo transportation propel the regional market.

Increasing imports and exports, alongside the huge demand for logistic services, impact the market growth positively. Furthermore, the growing e-commerce industry and huge demand for online shopping in the region fuel the market growth.

 Global Cargo Transportation Market - Competitive Analysis

Highly competitive, the cargo transportation market appears to be fragmented, with several well-established players forming a competitive landscape. These players incorporate strategic approaches such as mergers & acquisitions, collaboration, partnership, expansion, and product/ technology launch to maintain their positions and gain a competitive advantage in this market. These players focus on new product development initiatives and geographical expansion.

Major Players:

Players leading the global cargo transportation market include Amerijet International Airlines (US), Crowley Maritime Corporation (US), DSV Panalpina A/S (Germany), Expeditors (US), Bohnet GmbH (Germany), Schumacher Cargo Logistics Inc. (US), APL (US), Orient Overseas Container Line Limited (Hong Kong), Panalpina Welttransport Holding AG (Switzerland), ISDB Logistik GmbH (Germany), Accenture PLC (Ireland), Manhattan Associates (US), and CEVA Logistics (UK), among others.

Industry/ Innovation/ Related News

July 21, 2021 --- Arkema (France), a major specialty materials manufacturer, announced a partnership with Nexxiot AG, a leading digital logistic solutions provider, to revolutionize chemical transportation using sustainable cargo transports. Arkema would now harness Nexxiot logistics digitization capabilities, such as IoT devices and intelligent cloud platforms, to digitize its Isotank (tank container) and rail freight wagon fleet. The partnership would deliver end-to-end visibility for Arkema customers to improve quality standards and transform the overall service experience.

Get Complete Report @ https://www.marketresearchfuture.com/reports/cargo-transportation-market-10192

[blogtechfuturemrfrworld]

Railway Management System Market Key Highlights and Future Opportunities

Market Analysis

The railway management system market is likely to grow at a healthy 11.02% CAGR between 2019- 2025 states the recent Market Research Future (MRFR) analysis. The railway management system includes different services and tools which help in better railway industry management. The system comprises rail-facility information management, station control and communication network, maintenance and support, power supply and infrastructure management, traffic planning, and others.

Various factors are propelling the global railway reservation management system market share. As per the current MRFR report, such factors include the growing demand for swift and cost-effective transportation, demand for improved efficiency in the rail industry, high demographic growth, adoption of automation technologies, and IoT to enhance optimization, hyper-urbanization, and favorable government initiatives. Additional factors adding market growth include the emerging trend of smart cities, technological advances, digitalization trend in rail transport, rising adoption of cloud-based and AI services, PPP models, and rapid urbanization.

On the contrary, immature market conditions, integration complexities with legacy systems, huge initial investment, and the COVID-19 impact are factors that may limit the global railway management system market growth over the forecast period.

Get Free Sample Copy Report of Railway Management System Market@ https://www.marketresearchfuture.com/sample_request/8718

Market Segmentation

The MRFR report provides an inclusive segmental analysis of the global railway management system industry report based on service and solution.

Based on solution, the railway management system market has been categorized into freight information systems, passenger information systems, rail analytics, rail security, rail communication & networking systems, rail maintenance management systems, rail control systems, rail asset management systems, rail traffic management systems, and rail operations management systems. Of these, the rail traffic management systems segment will lead the market over the forecast period.

By service, the global railway management system market is segmented into support and maintenance, system integration & deployment, and consulting system integration. Of these, the system integration & deployment segment will dominate the market over the forecast period.

Regional Analysis

Based on the region, the railway management system market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Middle East and Africa (MEA). Of these, the APAC region will dominate the market over the forecast period. Increasing GDP of the countries, increasing investments in digital transformation, and the rising use of new technologies are adding to the global railway management system market growth in the region. India, Hong Kong, Korea, China, Singapore, and Australia have a maximum share in the market as they are making rapid investments in technological transformation.

The global railway management system market in Europe is predicted to hold the second-largest share over the forecast period. Growing demand for railway management system tools, increasing use of the Internet of Things (IoT), and adequate technology infrastructure is adding to the global railway management system market growth in the region.

The global railway management system market in North America is predicted to have healthy growth over the forecast period. Increasing adoption of advanced technologies, robust infrastructure, stringent government regulations, and presence of leading industry players that are implementing strategic initiatives for expanding their product portfolio with rail solutions such as signaling systems, rail maintenance subsystems, and services are adding to the global railway management system market growth in the region.

The global railway management system market in the MEA is predicted to have sound growth over the forecast period. The growing demand for the technological upgrade in railway infrastructure is adding to the railway management system market growth in the region.

Key Players

Eminent players profiled in the global railway management system market report include Sierra Wireless, Eurotech, Eke-Electronics, DXC Technology, Thales Group, Nokia Networks, Tech Mahindra, Toshiba, ATOS, Ansaldo, Siemens, Indra Sistemas, Huawei, Bombardier, Hitachi, IBM, ABB, General Electric, Cisco, and Alstom, among others.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/railway-management-system-market-8718

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future 528, Amanora Chambers, Magarpatta Road, Hadapsar Pune – 411028, Maharashtra, India Email: sales@marketresearchfuture.com

[sandlerresearch]

Road Safety Market by Solution (Red Light, Speed, Bus Lane, Section Enforcement, ALPR/ANPR), Service (Consulting and Training, System Integration and Deployment, and Support and Maintenance), and Region - Global Forecast to 2025 published on

https://www.sandlerresearch.org/road-safety-market-by-solution-red-light-speed-bus-lane-section-enforcement-alpr-anpr-service-consulting-and-training-system-integration-and-deployment-and-support-and-maintenance-and-regi.html

Road Safety Market by Solution (Red Light, Speed, Bus Lane, Section Enforcement, ALPR/ANPR), Service (Consulting and Training, System Integration and Deployment, and Support and Maintenance), and Region - Global Forecast to 2025

“Rising urban population and high demographic rates, rapid motorization, increasing number of road fatalities/accidents, and government initiatives for enhancing road safety. Are some of the factors driving the road safety market”

The global road safety market size is projected to grow from USD 3.0 billion in 2020 to USD 4.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period. Rising urban population and high demographic rates, rapid motorization, increasing number of road fatalities/accidents, and government initiatives for enhancing road safety are projected to drive the growth of the market across the globe. However, lack of standardization and uniformity in road safety solutions is expected to restrict the growth of the market across the globe. The objective of the report is to define, describe, and forecast the road safety market size based on component, solutions, and region.

The rise in the number of COVID-19 cases has caused a major blow to the transportation industry. With most governments enforcing isolation practices, there is a substantial decline in the road transportation industry. The US is experiencing the early stages of the pandemic; however, a drop in passenger numbers can already be seen. In New York, ridership on the subway is dramatically down; March 11 saw 948,000 fewer trips than an average weekday in January. This trend is also being seen in other US cities, such as San Francisco’s Bay Area Rapid Transit (BART), which has reported an 85% decline in ridership and a 50% reduction of economic activity. In some areas of the US, services are already now closing, such as city-run buses in Great Falls, Montana, which will not resume services until at least March 27. However, with the increasing workplace closures and the dramatic decline in aviation passengers, taxis and ride hailing providers are beginning to feel the effects. Uber, which normally relies on 15% of gross bookings coming from air passengers, voiced concerns of potential impacts early on. Uber has now, alongside Lyft, suspended pool rides in the US and Canada, and ride hailing service GrabShare has taken this even further, suspending its services in certain areas of the Philippines until the public health situation de-escalates.

The ongoing projects related to electric vehicles have been stalled now, and most manufacturers of electric vehicles, such as Tesla, have shifted their focus toward manufacturing ventilators, which is the need of the hour. According to a report by the China Road Transport Association, with the cumulative data for the same period in January and February 2019, road passenger traffic decreased by 52.4% and road freight decreased by 24.8%.

To stand up to the challenges, governments are taking several initiatives. In countries, such as China and the US, all sorts of toll and fare collections have been stopped. China is also putting in place a no-stop, no-check, toll-free policy for vehicles transporting emergency supplies and essential personnel. This will reduce the burden of logistics companies that are already under severe pressure. Such initiatives will also ensure the smooth and timely delivery of essential supplies. Some of the initiatives include the conversion of parking spaces into restaurant food pick-up zones, waiving off transit fares, and converting car lanes for pedestrians and cyclists…

“Services: The fastest-growing  segment of the road safety market, by application”

The services segment is expected to grow with the highest CAGR during the forecast period. As there is an increase in the adoption of road safety solutions, the associated services are also expected to be adopted rapidly. Road safety services are majorly deployed to enhance the existing infrastructure and also integrate the latest road safety solutions with the existing one. The road safety services that have been taken into consideration for the report include professional services and managed services. The professional services segment has been further divided into consulting and training, support and maintenance, and system integration and deployment. Due to the complexities in the existing infrastructures, the demand for consulting services is expected to increase, which, in turn, is likely to boost the overall growth of the road safety services segment.

“Enforcement Solutions: The highest market size in solutions segment of the road safety market.”

Compliance through enforcement has conventionally been the responsibility of the local police; however, the sheer scale of road usage increases the need to detect the vast majority of offenses using modern electronic technologies that are more efficient than the previous methods of road traffic enforcement. Enforcement solutions, comprising hardware (sensors, cameras, displays, and radars) and software, are vital for road safety. Road safety enforcement solutions help the police and related authorities to enforce traffic law and perform traffic surveillance to improve road safety and increase public safety. Deploying enforcement solutions would encourage safer driving habits, thereby reducing the number of fatal accidents/incidents.

“APAC: The fastest  growing region in the road safety market.”

APAC is emerging as the world’s most powerful region, which houses several smart cities. The governments in this region are highly concerned about the increased security spending to keep pace with the evergrowing threat landscape. APAC comprises emerging economies, such as China, India, Australia, Hong Kong, and Japan. It is witnessing a surge in the number of smart-city projects, which in turn, is creating a demand for public and road safety security technologies, such as surveillance technology, speed enforcement, red light enforcement, and incident-detection system. The increasing number of megacities and the growing population in the developed and developing countries of APAC have increased the need for road safety. The road safety market in APAC has a high growth potential. The demand for road safety solutions and services in APAC is expected to be driven by the region’s strong economic growth, the rise in population, and rapid urbanization.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the road safety market.

Breakdown of primaries

The studies contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

By Company: Tier I: 34%, Tier II: 43%, and Tier III: 23%

By Designation: C-Level Executives: 50%, Directors: 30%, and Others: 20%

By Region: North America: 25%, APAC: 30%, Europe: 30%, MEA: 10%, and Latin America: 5%

The road safety market is dominated by a few globally established players such as Jenoptik (Germany), KapschTrafficCom (Austria), SensysGatso Group (Sweden), Redflex Holdings (Australia), VerraMobility (US), IDEMIA (France), FLIR Systems (US), Motorola Solutions (US), SWARCO (Austria), Information Engineering Group (Canada), Cubic Corporation (US), Siemens (Germany), Conduent, (US), VITRONIC (Germany), Kria (Italy), Laser Technology (US), Optotraffic (US), Syntell (South Africa), Traffic Management Technologies (Pty) Ltd. (South Africa), AABMATICA (India), Clearview Intelligence (UK), Dahua Technology (China), Truvelo (UK), Trifoil (Sultanate of Oman), and Continental AG (Germany).

Research Coverage

The market study covers the road safety market across different segments. It aims at estimating the market size and the growth potential of this market across different segments based on by components (solutions and services), and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the road safety market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying the Report

The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall road safety market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and to plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

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Air Cargo & Freight Logistics Market to Scale New Heights as Market Players Focus on Innovations 2022 – 2027

Global Air Cargo & Freight Logistics Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions. Major Players in This Report Include:

FedEx (Federal Express) Corporation (United States)

Expeditors International (United States)

United Parcel Service Inc. (United States)

Kuehne + Nagel (Switzerland)

CEVA Logistics (Switzerland)

Bollore Group SDV (France)

Deutsche Post DHL (Germany)

DB Schenker (Germany)

Korean Airlines (South Korea)

The Emirates Group (United Arab Emirates)

Cathay Pacific Airways Limited (Hong Kong)

Cargolux Airlines International S.A (Luxembourg)

China Airlines Ltd (China)

Japan Airlines Co. (Japan) Air transport is vital for manufactures trade, particularly trade in component which is major part of cross border trade. Freight transporting companies arrange transport facilities and take the full responsibility for consignments as per the terms agreed. Rising trade activities backed by favorable government initiatives is driving the Air cargo & Freight Logistic market. Nowadays customer seeks to improve their supply chains, hence freight transport companies are focusing towards customized value added services to increase the high margins. In recent year Air freight transport has seen significant rise and as IATA (International Air Transport Association) forecasts, Air cargo to carry to 62.5 Million tons in 2018 which is approximately 5% on the 59.9 Million tons in 2017. Market Drivers Increased Globalization due to Rapid Growth of Some Developing Countries

Growing demand for pharmaceutical products, chemical and valuables

Just in time production of goods 

Market Trend Stringent government rules and regulation

Buyers are increasingly looking forward for end to end supply chain solution for quick results

Opportunities Warehousing Services to integrate with the air e-commerce channel

Challenges Complex process due to activities running simultaneously

Dependency on Few Developed Countries fulfilling Global Demand and Supply

The Air Cargo & Freight Logistics market study is being classified 820

Presented By

AMA Research & Media LLP

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Container Freight Transport Market Analysis, Size, Growth, Competitive Strategies, and Worldwide Demand

Latest added Container Freight Transport Market research study by AMA https://www.advancemarketanalytics.com/reports/25689-global-container-freight-transport-marketResearch offers detailed outlook and elaborates market review till 2027. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are APL Logistics Americas (United States),CSX Transportation (United States),Norfolk Southern Railway (United States),BNSF Railway (United States),MSC Industrial Direct (United States),Maersk (Denmark),Hapag-Lloyd AG (Germany),Yusen Logistics Co., Ltd. (Japan),Swiss Federal Railways (Switzerland),Union Pacific Railroad (United States),Canadian National Railway (Canada),Kuehne + Nagel (Switzerland),Hanjin Group (South Korea),Hyundai Merchant Marine (South Korea),Kerry Logistics (Hong Kong) etc. 

Container freight transport refers to a physical process of transporting goods from one place to other. If one purchases goods from a foreign country, any one of the modes of transportation will be used such as rail, ship truck and others to transport the good. The containers come in various sizes as 20 foot, 40 foot, 45 foot, 48 foot, and 53 foot. Usually, the goods which need to be transported are stored in the massive warehouse known as a container freight station. Container freight transport is less expensive due to its standardization and as it moves the same amount of breakbulk freight in the container.

Influencing Trend: Buyers Demand for End To End Supply Chain Solution for Quick Results

Growing Demand for Integrated Services in Container Freight Transport Industry

Challenges: Tariff or Tax Levied On the Goods

Volatile Nature of International Trade Activities

Opportunities: Economic Growth in Emerging Country Leading to Rise in Sea Freight Transportation Activities

Growing Cross Boarder Activities

Market Growth Drivers: Increased Globalization Due To Rapid Growth in Economies of Some Developing Countries

Growing Demand for Cost Effective Shipping Solution

The Global Container Freight Transport segments and Market Data Break Down by Type (Small Containers (less-than or equal to20 Feet), Large Containers (20-40 Feet), High Cube Containers (40 Feet)), Application (Industrial, Agriculture, Retail, Mining, Beverage & Food, Chemistry, Automobile, Others), Channel (Direct Sales, Distributor)

Presented By

AMA Research & Media LLP

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Global Ports and Terminal Operations Market Size, Share, Industry Growth Analysis by Types, Applications and Key Players

Global Ports and Terminal Operations Market

Global Ports and Terminal Operations market was valued at US$ 3,135.3 Mn in 2020 and it is expected to reach at US$ 6,030.0 Mn by 2027, growing at CAGR 9.9% during the period, 2017-2027. Increasing seaborne trade across the globe will prominently drive the port terminal market size. According to the United Nations Conference on Trade and Development (UNCTAD), in 2018, the seaborne trade surged by around 4% as compared to 2017. The sea freight services provide multiple benefits such as large cargo space availability, economical & safety. Expansion of maritime logistics services will drive the industry growth over forecast period.

Europe is expected to witness the highest CAGR during the forecast period. Ports in Europe are smaller; however, handle a large amount of cargo. Also, the European ports are not capable of competing on port size alone as ports with comparatively less size or capacity handle as much traffic as large-sized ports. Therefore, even moderately & scarcely busy ports are increasingly shifting towards smart operations. For Example, in Germany, the Port of Rotterdam had partnered with IBM to implement smart sensors across the 42-kilometer-long stretch of the port.

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Asia Pacific dominated the market and accounted for more than 30% of the global revenue share in 2019. The region is characterized by the presence of major ports with high throughput capacity, thereby contributing to the largest share worldwide. Countries including Japan, China, South Korea, and Singapore are the major countries recognized as prime trading points involving large amounts of trade activities. The aforementioned factor with the availability of technologies at a relatively lower cost, especially from countries including Taiwan & China has ensured strong growth in the region.

Market Trends

Smart port is growing trend in port terminal and operation market. The increase in need to curb operational expenses, gather real-time information & make data-driven decisions at port facilities is collectively driving the adoption of smart technologies among harbor authorities. Varioustechnologies including Artificial Intelligence (AI), IoT, blockchain, and process automation are used for transforming a traditional port into a smart port. These are either deployed separately or in combination to transform the conventional infrastructure into a digitalized one. The smart port offers benefits over traditional port including limited operational expenses, reduced human-related disruptions, intelligent decision making, and more predictable performance. All these benefits offered results in raised productivity thereby paving the way for a sighted vision of Port 4.0.

The global trade is growing at faster rate, this have raised vessel size, cargo volumes, traffic at port, that increases pressure on the yards & the stakeholders involved. Due to this increased pressure, the internal efficiency at operational level gets affected at the ports. Incorporating smart solutions helps in optimizing operational activities, improving efficiency and reducing logistics cost. Sensors installed at the ports helps in monitoring infrastructure, scheduling maintenance activities & optimizing many other operational activities. Thus, demand for operational efficiency at ports may accelerate the growth for the smart port market, throughout the forecast period.

Market Drivers: Rising Government efforts for promote the ports sector

Ports constitute an essential economic activity in coastal areas. Also, Ports are important for the support of economic activities in the hinterland since they act as a crucial connection between sea & land transport. Due to this, government across the various countries is focusing to promote port operation. Increasing investment & cargo traffic point towards a healthy outlook for the ports industry. Providers of services like pilotage & harboring, operation and maintenance (O&M), and marine assets such as barges & dredgers are benefiting from these investments.

For instance in India, October 2020, Union Minister has initiated the ‘Direct Port Entry Facility’ at the V.O. Chidambaranar port. This facility allow direct movement of containers from factories, without intermediate handling at any CFS (Container Freight Station), facilitating shippers to get their exports directly to the container terminal (24x7), thereby increasing efficiency & ease of doing business.

In October 2020, the Ministry of Shipping in India had announced to develop a (Marine) National Logistics Portal with end-to-end logistics solutions to help exporters, importers & service providers that helps for strengthening port operation worldwide. Impact of this driver is high during this forecast timeframe.

Market Challenges: Cyberattacks Issue

Port operators are focusing on digital transformation optimize operational activities and expand the capabilities, such asmonitoring of infrastructure, collecting real-time data and among others. This transformation is based on the technologies including big data, cloud computing, Internet of Things (IoT) & incorporation of these technologies in the system has made the ports vulnerable to cyberattacks. To utilize technologies at their full potential awareness regarding cyberattacks can be raised among the stakeholders and cybersecurity can be developed. Thus, cyberattacks can be challenging factor for the growth of the port and terminal market, during the forecast period.

Market Opportunity: Digitalization creates new opportunities in the market

Information solutions play a vital rolein port/maritime. The digital transformation in port operation and terminal, such as navigation has aided users in gathering crucial information about the activities undertaken on ports and water bodies. Port terminal information solutions assist vessels in adapting to the dynamic sea conditions by monitoring several parameters, which enable users and organizations to take better operational as well as strategic decisions. Besides this, they are associated with advantages like enhancing the overall productivity & safety, along with ensuring efficiency in marine operations. As a result, these solutions are being employed for acquiring data about the ownership, movements, specifications and commercial activities of naval vessels. Hence digitalization creates new opportunities on the global port and terminal market.

Growth Prospect Analysis

The port or maritime sector is of crucial importance to modern societies. Nevertheless, general public have a limitedperception and appreciation of its influence and role as an essential element in terms of social and economic development, and as a potential source of excellent employment & career opportunities, with several million people currently working in activities &companies directly and indirectly related to oceans & seas across the world. Historically, the shipping & fishing industry have experienced a continuing trend of increase both in their fleets & in the total trade volume &fishing capacity respectively. Approximately 50,000 merchant ships, registered in over 150 nations & manned by over a million seafarers of nearly every nationality, transport every kind of cargo internationally. Several thousand oil rigs and support & supply offshore vessels are engaged in the exploration & drilling for oil and gas in almost every corner of the globe. Nearly four million commercial fishing vessels ply the seas & oceans at any given moment. And a myriad of recreational ships (approximately 45,000 privately-owned ships operating out of the US in December 2010), including several hundred large & mega cruise ships, provide the most diversified leisure & tourism services to an expanding market.

Maritime activities therefore continue to expand, bringing benefits for people worldwide thanks to a increasing efficiency of technical & human resources. The offshore oil sector, merchant navy, commercial fishery and cruise companies are part of the industry of the future & the maritime industry is already a key catalyst for socio-economic development & international competitiveness in a changing world, with new organizations emerging & establishing operations in Asia, Europe, and North America.

Recent Developments

In January 2020: APM Terminals has introduced application programming interface (API) accessibility to build stronger, digital supply chains for logistics customers. APIs allow data to be transmitted in just seconds from the terminals’ operating systems directly to customer’s own transport management or logistics systems. The exponential increase in ecommerce and the urgency of home deliveries brought on by the COVID-19 pandemic has highlighted the fact that for some customers, the delivery experience has become integral to the product itself. For companies wanting to gain a competitive edge, getting this right is essential.

In July 2020: China Merchants Port Holdings Co., Ltd. and its subsidiaries including China Merchants Holdings (International) Information Technology Co., Ltd. ("CMHIT") has held a Cloud Signing ceremony with the Thessaloniki Port Authority S.A.(“ThPA”) in Shenzhen, Greece and Hong Kong. The three companies have signed two agreements on the strategic cooperation and port information system. "CM Core" developed by CMHIT is the core of a Smart Information Service Platform. As per the agreement, ThPA will be the first to install CTOS system in the European market, as a demonstration and promotion window for the TOS project and related IT solutions to enter the European market; CMPort will take the advantage of its influence and port network to enhance the reputation of Thessaloniki Port Authority & promote the port of Thessaloniki to become an important port for goods entering and leaving Europe.

In December 2020: Hutchison Port Holdings Trust is focusing to expand its business in international market. In order to achieve this, the company is focusing on partnership strategy. For instance, Québec Port Authority has entered into a long-term commercial agreement with Hutchison Ports and CN (Canadian National Railway) to build and operate the new container terminal. Projected to cost $775 million, the Quebec Container Terminal, operated by Hutchison Port Holdings (HPH) & Canadian National (CN), will open in early 2024. With this partnership, Hutchison Ports & Québec Port Authority & CN Rail to develop the Québec container terminal

Market Segmentation

The Global Ports and Terminal Operations Market is segmented by service such as Stevedoring, Cargo and handling transportation, and Others, by application such as Food Transportation, Coal Transportation, Steel Transportation, and Others.

Also, the Global Ports and Terminal Operations Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are listed in this report such as APM Terminals, China Merchants Port Holdings Co. Ltd., COSCO SHIPPING LINES CO.LTD, DP World, EUROKAI GmbH & Co.KGaA, Hutchison Port Holdings Trust, International Container Terminal Services Inc., Ports America Inc, PSA International Pte. Ltd, and SAAM.

Market Taxonomy

By Service

Stevedoring

Cargo and handling transportation

Others

By Application

Food Transportation

Coal Transportation

Steel Transportation

Others

By Region

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

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About Us

QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.

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Marine Steering System Market Trends, Share, Scope, and Research Insights by 2027

Marine Steering Systems: Introduction

World vessel fleet recorded growth in 2017 after five years of stagnancy with growth in freight rates and shipping demand. Rise in ship registration, including cruise ships is expected to boost the global marine steering system market.

Steering system used in marine applications, include a gear assembly, telemotor, control unit, and power unit to turn the ship from port to starboard. Telemotor is a hydraulic type or electric type depending on the power source.

Key Drivers and Restraints of Global Marine Steering System Market

The world shipping trade is expanding at a CAGR of around 3%-4%. Reviving economies, increased manufacturing, and stability in commodity prices has favored maritime trade, thereby utilizing vessel fleet and boosting new sales.

Establishment of new trade routes, and expansion of ports and projects, such as ‘China One Belt One Road Initiative’ are estimated to fuel the growth of global maritime trade. This, in turn, is anticipated to drive the sales of vessels and marine steering systems.

Consumer affordability and improved economic conditions have boosted tourism and usage/ sales of cruise liners and other passenger ferries, which is expected to drive the global marine steering system market

As the average age of a vessel is increasing, maintenance schedule and replacement necessity of steering systems of such vessels is boosting the global marine steering system market

Technological advancements and integration of electronics and electrical with the IoT technology are expected to propel the development of electric and semi-electric steering systems

Rise in investments in defense and navy worldwide is fueling the growth of the marine steering system market

Government regulations, environmental policies, and expensive manufacturing processes are major restraints for the global marine steering system market

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Cargo Ships Segment to Lead Global Marine Steering System Market

Cargo ships, such as dry carrier, oil tankers, and container ships contribute significantly to marine vessel fleet, in terms of sales and operation. Thus, the cargo ships segment is dominating the global marine steering system market.

Semi-electric Mechanism Type Segment to Witness High Demand

In terms of mechanism type, the hydraulic segment is leading the global marine steering system market. However, semi-electric steering is expected to witness high demand during the forecast period, as it allows precision steering and easy maneuvering of the ship. Semi-electric and electric steering system provides enhanced control of the vessel and improves vessel control.

Asia Pacific to Lead Global Marine Steering System Market

In terms of region, the global marine steering system market can be divided into: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Asia Pacific leads the global marine steering system market with China, contributing large vessel fleets. Other ASEAN and Rest of Asia Pacific countries, including South Korea, Singapore, Hong Kong, Indonesia, Malaysia, and Thailand also contribute to the large vessel volume and are witnessing rise in sales of cargo ships with expansion of the freight logistic industry in the ASEAN sub-region.

Continuing upgrades of the Suez Canal, establishment of new ports in the Mediterranean, and improved EU-China trade are driving the demand for ships in Europe. This is estimated to boost the marine steering system market in the region.

Looking for Regional Analysis or Competitive Landscape in Marine Steering System Market, ask for a customized report

Key Manufacturers Operating in Global Market

The global marine steering system market was highly fragmented in 2018. Key manufacturers operating in the global market are:

Uflex

S.A.P. Supplies

Mercury Marine

Bosch Rexroth

Sperry Marine

Vetus

Lewmar

Sea Star Solutions

ZF Friedrichshafen AG

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China Cancels Some U.S. Farm Shipments, Maritime Executives State

Chinese state-controlled business have canceled some shipments from U.S. farm exporters, according to maritime authorities, as tensions in between Washington and Beijing rise over China’s handling of pro-democracy protests in Hong Kong and the coronavirus pandemic.

” A handful of deliveries of livestock feed, corn, pork, cotton and some meat imports are pressed back,” stated a senior Chinese shipping executive associated with China farm imports who asked not to be determined and who has been briefed on Beijing’s move.

” Personal Chinese exporters are not part of this, but it might intensify, depending on how the relationship in between the U.S. and China moves forward,” this executive stated.

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The cancellations, first reported by Bloomberg News, involve orders made following the phase one trade pact between the 2 nations signed in January. China dedicated in the contract to increasing purchases of U.S. products and services by $200 billion over 2017 levels.

U.S. officials have actually stated China significantly stepped up purchases of American farm items considering that March, though purchases in other sectors have actually fallen short of expectations.

The agriculture purchases would enhance shipping markets harmed by trade tensions between China and the U.S. However maritime-industry experts have stated they are hesitant the targets can be accomplished.

” The boost is a rather ambitious target,” said Peter Sand, chief shipping analyst at BIMCO, a shipping trade body based in Copenhagen. “The stage one offer was the first non-escalation relocation, but since then the relationship has actually gone sour and trade ties have actually entered reverse. The current rhetoric is a toxic cocktail that could further damage ties.”

A second Chinese shipping executive said China state importers have actually canceled between 15,000 and 20,000 metric tons of U.S. pork shipments, about 10 days’ worth of orders. Beijing is also keeping back some U.S. deliveries of corn and cotton, he said, and additional actions would depend upon Washington’s response to China’s tightening up grip on Hong Kong.

If Washington escalates in its action, this executive stated, “We might be back at another round of tariffs and constraints,” he said. “There is a lot of anger here, due to the fact that Hong Kong is a red line.”

The Chinese shipping executives said state importers China Oil and Foodstuffs Corp. and China Grain Reserves Corp. had canceled their shipments.

” They were taking a look at 23 American soybean cargoes last week, but held off,” said the very first shipping executive, whose business would have moved about a third of the freights on its ships. “It’s a cautioning shot to the Americans to reduce the verbal attacks.”

As part of the stage one trade deal, China dedicated to raising farm imports from the U.S. by $32 billion over 2 years. Usually, China buys more than 55%of the soybeans exported from the U.S. each year in addition to 80%of sorghum, 16%of cotton and around 5%of pork, according to Chinese trade information.

Write to Costas Paris at costas.paris@wsj.com

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