Bulk Terminals Market – Industry Analysis, Size, Share, Growth, Trends and Forecast 2022 – 2027
January 14, 2022
NEW JERSEY, UNITED STATES, January 14, 2022 /EINPresswire.com/ -- Description
New Research Study "Bulk Terminals Market 2022 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook" has been added to Coherent Market insight
The global Bulk Terminals was valued at 16,548.1 Mn Tons in terms of volume in 2019 and is forecast to reach a value of US$ 21,504.7 Mn by 2027 at a CAGR of 3.2% between 2020 and 2027.
Dry bulk is a commodity, which is shipped in large amounts and unpackaged situation by a bulk carrier. Generally, these dry bulk commodities are classified as major dry bulk and Minor dry bulk, major dry bulk comprises Grains, Coal And Iron Ore, Minor bulk includes Minerals, fertilizer, cement, woods, sugar, Bauxite/Alumina, etc. There are many transport companies which are specialized in dry bulk delivery. Dry bulk commodity is highly regulated in transport, the effect of an accident can cause badly to the environment. Iron ore is found in nature in the form of rocks, usually mixed with other elements, all forms of iron ore undergoes the various industrial processes. Steel industry is one the largest consumer of iron ore in the world. Iron ore is major bulk commodity with the largest volume trade in seaborne trade, over coal and grain. It comprises almost. Iron ore is the main bulk in a dry bulk commodity which contributes more than 30% in world seaborne trade of dry bulk.
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This report includes information on the industry's market growth as well as key segmentation variables that help the global Bulk Terminals Market prosper in today's environment. The report also emphasises the importance of regional classification in the global Bulk Terminals Market. Due to growing demand, the worldwide Bulk Terminals Market will eventually create more revenue and have a higher market size than the previous projected period.
Major Key players in this Market:
· Thessaloniki Port Authority SA.
· Ultramar Group
· Global Ports Investments PLC
· Noatum Ports
· Ports America
· DP World Ltd.
· China Merchants Port Holdings Co. Ltd
· Yilport Holding Inc.
· APM Terminals
· HES International B.V.
· DaLian Port (PDA) Company Limited
· Puerto Ventanas S.A.
· Euroports Holdings S.à r.l.
Drivers & Trends
Despite current slowdown in the global seaborne trade, the minor bulk trade expanded significantly. According to Coherent Market Insights’ analysis, global minor bulk traded expanded up to 1.74 billion tons. According to the same source, the manufacturing of steel and forest products accounted for 43% of minor bulk trade. Moreover, metals and minerals accounted for 37% followed by agricultural products, which is 20% of the minor bulk trade. Rising population, increasing urbanization combined with construction, and manufacturing activities are expected to boost the demand for minor bulk commodities in the near future. Thus, these factors are expected to boost the global bulk terminals market growth over the forecast period.
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The Bulk Terminals market report sheds light on the analysis as well as market forecast on the regional and also the global level. Delving deep into the report, it also covers the various growth opportunities and recent trends across five regions, including the Asia Pacific (APAC), North America, Latin America, Europe, and the Middle East & Africa (MEA). An in-depth study has been carried out covering every region with regard to the prevalent trends, outlook, and different opportunities that are likely to impact the market positively in the long run. The report also offers the most up to date information related to the technological developments and growth prospects based on the regional landscape.
Method of Research
The report provides first-hand information performed by key players using quantitative & qualitative assessment as per the parameters of the Porter’s Five Force Model. It throws light on the macro-economic indicators, parent market trends, and growth factors. Primary (surveys, interviews, and questionnaires) & secondary researches (SEC filings, white paper references, and published reports) have been carried out to provide a better understanding of the market. The data used in the report has passed multi-step verification to assure both the authenticity as well as the quality of the insight that is provided. Bottom-up & top-down approaches are also used for ensuring the credibility of the valuations and market segments.
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The following are the study objectives for this report:
· SWOT Analysis focuses on worldwide main manufacturers to define, assess, and analyse market competition. By kind, application, and region, the market is defined, described, and forecasted.
· Examine the global and main regional market potential and advantage, opportunity and challenge, constraints and risks.
· Determine whether trends and factors are driving or limiting market growth.
· By identifying high-growth categories, stakeholders would be able to analyse market potential.
· Conduct a strategic study of each submarket's growth trends and market contribution.
· Expansions, agreements, new product launches, and acquisitions in the market are all examples of competitive developments.
· To create a strategic profile of the main players and analyse their growth plans in depth.