Bulk Terminals Market is fuelled by growing seaborne trade trends

 

The bulk terminals market facilitates transportation and storage of bulk commodities like coal, iron ore, grains and fertilizers. Bulk terminals play a pivotal role in bulk cargo logistics by providing efficient and cost-effective import and export services. Bulk terminals handle a variety of dry bulk commodities and liquid bulk products through specialized port infrastructure consisting of berths, stockyards, silos, warehouse and conveyor systems. Growth in dry bulk commodities trade globally is driving significant investments in bulk terminal infrastructure development.

The Global Bulk Terminals Market was valued for US$ 17411.5 Mn in 2021 is expected to exhibit a CAGR of 3.5% % during the forecast period.

Bulk Terminals Market Demand international seaborne trade of bulk commodities and the need for well-developed bulk cargo handling infrastructure is propelling the demand for efficient bulk terminals. Bulk terminals facilitate cost effective cargo transport while ensuring safety and sustainable handling of bulk commodities.

Key Takeaways

Key players operating in the bulk terminals market are Shanghai International Port Group Co., Ltd. (SIPG), Dalian Port (PDA) Co., Ltd., Port of Tianjin Port Development Holdings Co., Ltd. and Abu Dhabi Ports. These players are investing in technological upgrades and terminal capacity expansion to consolidate their market position.

Rising global commodities trade and the need for well-connected logistics hubs is fueling demand for bulk terminals globally. Countries are investing in port infrastructure to reduce logistics costs and ensure seamless bulk cargo movement. Major bulk importers like China and India have witnessed significant capacity additions in coal and iron ore import terminals in the last five years.

Key players are also pursuing global expansion opportunites through strategic partnerships and terminal acquisitions. They aim to establish a geographically diversified portfolio of bulk assets to capture a share in growing seaborne dry bulk trade volumes. Global terminals operators now manage a network of bulk terminals across major seaborne routes.

Market Key Trends

One of the key trends driving investments in the bulk terminals market is the increasing containerization of dry bulk commodities. Earlier transported in loose form using pneumatic pipelines and mechanical grabbing systems, many bulk commodities are now being containerized for intermodal transport using common container terminal infrastructure. Containerization improves cargo safety, tracking and transport efficiency for short haul bulk movement. Several bulk terminals have set aside dedicated berths equipped with rubber tyred gantry cranes for containerized dry bulk handling. This evolution is streamlining bulk logistics and supporting the integration of dry bulk cargo into general cargo supply chains.

Porter's Analysis
Threat of new entrants: New entrants face high capital requirement for bulk terminals infrastructures and established customers.

Bargaining power of buyers: Large buyers have significant bargaining power due to bulk purchase volumes and availability of alternatives.

Bargaining power of suppliers: Supply chain integration makes suppliers dependent on bulk terminals operators and face limited threat.

Threat of new substitutes: No direct substitutes provide bulk handling and storage services for resources like dry bulk, liquid bulk and containers.

Competitive rivalry: Operators compete on pricing, turnaround time, storage capacity and offerings of value added services to customers.

Geographical Regions
North America accounts for the largest share in bulk terminals market value, driven by flourishing industries utilizing bulk handling in USA and Canada. Countries provide efficient bulk infrastructure supporting large scale mining, energy, chemical and agricultural processing sectors.

Asia Pacific region is poised to witness fastest growth during forecast period led by rapidly developing economies of China, India, Indonesia and Vietnam. Booming manufacturing and construction activities coupled with government investments to enhance export-import bulk logistics is propelling growth. Expanding food processing, mining and power industries establish need for superior bulk terminals network in the region.

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

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