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Global Container Yard Services Market 2019-2023 | Growth in Cross-Border Trade to Boost the Market | Technavio

May 22, 2019
Technavio has published a new market research report on the global container yard services market from 2019-2023. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--May 22, 2019--

New market research study by Technavio on the global container yard services market projects the market to grow at a CAGR of close to 4% during the period 2019-2023. This research report provides an in-depth analysis of the market in terms of revenue, top drivers and emerging market trends. It also includes detailed insights and forecasts for all the market segments across different geographies.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190522005468/en/

Technavio has published a new market research report on the global container yard services market from 2019-2023. (Graphic: Business Wire)

Growth in cross-border trade

The preference for cross-border e-commerce is increasing, owing to factors such as a rise in per capita income and accessibility to foreign brands. It also offers tremendous opportunities to online sellers to expand their businesses outside their often-saturated home market and tap into new markets. In cross-border trade, container yards play a major role as the movement of goods depends on transportation and storage capabilities. Hence, with an increase in cross-border trade, the demand for container yards services will rise during the forecast period.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Adoption of automation in container yard operations

Automation helps container terminals and container yards aim for more efficient operation and higher productivity. The emphasis on reducing the cost per handled container drives automation in container yards. The robotization of container yard handling and transport systems is gradually emerging. Globally, numerous driverless cranes are operational in container yards. Some automation systems in container yards include automated guided vehicle (AGV), and automated stacking cranes (ASC). Owing to such advancements, investments in automated container terminals are increasing worldwide. Therefore, investments in the construction and automation of container terminals are likely to fuel the demand for container yard services during the forecast period.

According to a senior analyst at Technavio for chemicals research, “Presently, the government of several countries are undertaking initiatives for improving container handling capacity. For instance, the Government of India started the Sagarmala port development with an aim to complete the project within five years of its initiation. The project is aimed at port modernization, connectivity, port-led industrialization, and coastal community development. Therefore, such initiatives are likely to enhance the performance of the logistics sector in various countries and increase the demand for containerization, during the forecast period.”

Increase in empty containers

Containers are intended to be in constant use, loaded with a new cargo for a new destination soon after being emptied of the previous cargo. However, this is not the scenario in the current container market due to the high trade imbalance across the world. In addition, the repositioning costs for empty containers are multiple and such high costs for the management of empty containers are likely to have a negative impact on container operators and reduce their overall profit. Consequently, these costs will also reduce container movements and hamper the growth of the overall global container yard services market.

Top players in the global container yard services market:

  • APM Terminals Management BV
  • China Merchants Port Holdings Co. Ltd.
  • DP World
  • Hutchison Port Holdings Ltd.
  • PSA International Pte. Ltd.

Some of the key topics covered in the global container yard services market include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. It provides detailed market research reports that provide clients with actionable insights to help them identify market opportunities and design effective strategies to optimize their market position.

With over 500 specialized analysts, Technavio boasts of an extensive report library comprising of over 10,000 reports, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than a hundred Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets. Technavio helps companies to assess their competitive position within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190522005468/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200




SOURCE: Technavio Research

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