Maritime Logistics Services Market

Capacity optimization via digital transformation is driving market growth.

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

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

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

The Global Global Maritime Logistics and Services Market Industry is poised for substantial growth, with projections indicating a market value of 220.7 USD Billion by 2035. This anticipated growth reflects a compound annual growth rate of 7.8% from 2025 to 2035, driven by various factors including increasing global trade, technological advancements, and infrastructure investments. The market's trajectory suggests a robust future, as stakeholders in the maritime logistics sector adapt to evolving demands and challenges. This growth potential underscores the importance of strategic planning and investment in the industry.

The Global Global Maritime Logistics and Services Market Industry is experiencing a surge in demand driven by increasing global trade volumes. As economies recover and expand, the volume of goods transported via maritime routes is projected to rise significantly. In 2024, the market is valued at approximately 96.6 USD Billion, reflecting the growing reliance on maritime logistics for international trade. This trend is likely to continue, with projections indicating that by 2035, the market could reach 220.7 USD Billion. Such growth is indicative of the essential role maritime logistics plays in facilitating global commerce.

The rise of e-commerce is significantly impacting the Global Global Maritime Logistics and Services Market Industry. As online retail continues to expand, the demand for efficient maritime logistics services is increasing. Companies are seeking reliable shipping solutions to meet consumer expectations for fast and cost-effective delivery. This trend is evident in the growing number of shipping routes and services tailored to e-commerce needs. The market's expansion is likely to be fueled by this shift, as logistics providers adapt to the evolving landscape of global trade driven by e-commerce.

Technological innovations are reshaping the Global Global Maritime Logistics and Services Market Industry. The adoption of automation, artificial intelligence, and blockchain technology is enhancing operational efficiency and transparency in shipping processes. For instance, the implementation of smart shipping solutions allows for real-time tracking of cargo, which improves supply chain management. These advancements not only reduce operational costs but also increase customer satisfaction. As technology continues to evolve, it is expected to drive further growth in the market, aligning with the projected CAGR of 7.8% from 2025 to 2035.

Infrastructure development plays a crucial role in the Global Global Maritime Logistics and Services Market Industry. Investments in port facilities, shipping lanes, and logistics hubs are essential for accommodating the increasing volume of maritime trade. Governments and private entities are recognizing the need for modernized infrastructure to enhance efficiency and reduce congestion. For instance, major ports are undergoing expansions to handle larger vessels and increased cargo capacity. Such developments are expected to support the projected growth of the market, ensuring that it can meet the demands of global trade in the coming years.

The Global Global Maritime Logistics and Services Market Industry is increasingly influenced by sustainability initiatives and environmental regulations. Governments worldwide are implementing stricter emissions standards and promoting greener shipping practices. This shift towards sustainability is compelling shipping companies to invest in eco-friendly vessels and technologies. For example, the International Maritime Organization has set ambitious targets for reducing greenhouse gas emissions from shipping. As a result, companies that adapt to these regulations may gain a competitive edge, potentially driving market growth as consumers and businesses prioritize environmentally responsible logistics solutions.

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

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

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

Source Secondary Research, Primary Research, Market Research Future Database and Analyst Review

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

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

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

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

Maersk AS is a provider of transportation and logistics services. It operates shipping containers and ports through subsidiaries and affiliates. The company transports dry cargo, refrigerated cargo, and special cargo, conducts used container sales and supports intermodal transport. Maersk AS's major brands include Maersk Line, Damco, APM Terminals, Svitzer, Twill, Sealand, Hamburg Sud, Alianca, Maersk Container Industry, and Maersk Training. The company also manufactures dry containers and refrigerated containers. The company serves energy, shipbuilding, retail, logistics and manufacturing industries.

In February 2021, Maersk announced that it would not be utilizing transitional marine fuels, including LNG, to decrease its greenhouse gas emissions but instead would jump directly to net-zero fuels biodiesel, bio-methanol, e-methanol, lignin fuels, and green ammonia.

Evergreen Marine Corp Taiwan Ltd is an international shipping company. It provides various services such as cargo loading and discharging services; wharf handling; cargo tracking; and terminal and container shipping services. EMC invests in a transport-related business, container yards, and port terminals. The company manufactures dry steel containers and container parts. It also offers container storage, inspection, repair, cleaning, and maintenance services. EMC serves various industries such as manufacturing, freight forwarding, service providing, retailing and logistics industries.

In January 2022, Evergreen Marine Corp acquired the entire stake in a Panama terminal to strengthen its presence in the Americas and raise its competitive edge.