Will the growth of bulk throughput across the APEJ region stagnate or reach a spike in the next 10 years?
Our comprehensive study of the global bulk terminals market indicates that the APEJ region is likely to dominate the global market in terms of revenue and bulk throughput during the period of our assessment (2016 – 2026). This could very well contribute to the growth of the overall global bulk terminals market performance in terms of volume, which is slated to register a CAGR of 3.2% in the next 10 years. If we look at the global bulk terminals market volume throughput, our research indicates a possible growth with throughput touching over 20,000 million tonnes by the end of 2026 from an estimated 15,000+ million tonnes by the end of 2016 – a good increase of around 1.4X between 2015 and 2026. Of this, the global bulk terminals market volume throughput share of the APEJ region is projected to be the highest – reaching a market volume share of over 40% by the end of 2016 and growing to more than 45% by the end of the forecast period (end of 2026). APEJ held a high volume share in 2014 so this seems like a probable trend we are witnessing here. Question is, will the APEJ bulk terminals market continue to hold its position of dominance in the global bulk terminals market?
Several key factors drive revenue and consumption growth of the APEJ bulk terminals market
When we dissected the APEJ bulk terminals market performance in terms of bulk terminals volume throughput and revenue, we found that the primary driver boosting the growth of the APEJ bulk terminals market was the steady pace of economic growth along with an increase in the industrial output of the region. We believe these are the key factors that will drive the growth of bulk throughput across the APEJ region over the next 10 years.
If we are to analyse the impact of the APEJ regional market on the global bulk terminals market, several factors come into play.
First off, the global bulk terminals market is highly dependent on global trade of bulk commodities and regional trade policies. Trade policies in the APEJ region are very conducive to the growth of the global bulk terminals market.
Secondly, the global bulk terminals market is impacted by a rise in the worldwide population, increase in regional GDP, and the facilitation of beneficial trade agreements between different countries – again, factors predominantly witnessed in the APEJ region.
Another most important contributing factor is a growing consumption of bulk commodities and affordability in emerging economies (China and India for instance), which contributes to escalating the global bulk terminals business.
All these factors point to an exponential growth of the APEJ bulk terminals market in the coming decade. However, declining coal consumption and trade reforms in China in the next 10 years is likely to restrict the growth of the APEJ bulk terminals market during the projected period. We also feel that an overcapacity in the APEJ shipping industry might influence the global bulk terminals market – to what extent this impact will hit the market remains to be seen.
Countries within APEJ dominating the global bulk terminals market
China, Australia, and India are the top countries within the APEJ region that are likely to hold a majority share of the global bulk terminals market. Our research indicates a collective market share of a little over 80% between these three countries by the end of 2026. Of these three countries, China will remain the dominant market for bulk terminals on the basis of volume throughput of ports during the forecast period, contributing more than 48% market share in terms of volume throughput in the APEJ region and is expected to witness a CAGR of 3.8% in the next decade. After China, Australia and India together contribute more than 30% in bulk market volume throughput.
APEJ bulk terminals market forecast
The APEJ bulk market volume throughput was pegged at more than 6400 million tons in 2015 and is expected to register a CAGR of 3.8% to reach almost 9700 million tonnes by the end of 2026. Bulk market volume throughput in the APEJ regional market is estimated to increase by 0.7X in 2026 as compared to that in 2016.
Future Market Insights presents a comprehensive, one of a kind analysis of the global bulk terminals market in a new publication titled “Bulk Terminals Market: Global Industry Analysis and Opportunity Assessment, 2016–2026.” As the name suggests, we have forecasted the global bulk terminals market across different geographical regions and on the basis of the various market segments and have provided a critical assessment of the opportunities available to all the companies operating in the global bulk terminals market over a 10-year forecast period 2016 – 2026. Primarily, we have focussed on highlighting the numerous developments that are likely to take place in the global bulk terminals market in the coming decade. Our analysts have studied the market extensively and have identified multiple drivers, restraints, and trends that are expected to govern the global bulk terminals market and consequently the business operations of the leading as well as second-in-line players functioning in the global bulk terminals market. Through extensive research, our analysts have studied how the different market dynamics are likely to impact the current environment and future scenario of the global bulk terminals market, thereby providing useful insights to market players to plan their differentiating strategies capable of evolving with the changing market landscape.
Our report on the performance of the global bulk terminals market for the period 2016 – 2026 begins with an overview of the market followed by key definitions and an executive summary that gives a 360o view of the revenue forecast of the global bulk terminals market. We also present the market taxonomy in this section where we segment the global bulk terminals market on the basis of bulk type and region. In the next section, we provide a deep dive into the key market dynamics and present our independent analysis of the various factors, challenges, and market trends that we feel will define the market in the next few years. The following sections quantify our analysis of the global bulk terminals market by presenting data on the market size along with key performance metrics.
We have devoted the last section of the report to study the market performance of some of the top companies operating in the global bulk terminals market. We have profiled a few of the leading market players and presented a detailed analysis of their overall business performance and a comprehensive evaluation of their short-term and long-term business and go-to-market strategies. This section is intended to provide report audiences with a dashboard view of the competitive landscape of the global bulk terminals market. Towards the end of the report, we have also provided details of the top ten country and regional level ports along with their respective volume throughput shares of bulk type commodities.
Global bulk terminals market segmentation
By Bulk Type
Our research methodology
Future Market Insights leverages secondary research extensively to ascertain the overall size of the global bulk terminals market and top industry players. In addition, our experienced team of analysts has gathered relevant market insights and data by speaking to the various manufacturers of bulk terminals and other key stakeholders based in various countries. We have then sliced and diced this massive amount of data gathered through primary and secondary research and validated it using different methods such as the triangulation method and have finally scrutinised the data using advanced tools to glean pertinent qualitative and quantitative insights into the global bulk terminals market.
Market sizing and forecasting
When developing the market forecast, we have started by sizing the current market, which forms the basis for forecasting how the market is anticipated to perform in future. We have used a top-down approach to assess market numbers for each bulk type category and a bottom-up approach to counter validate market estimations. Also, we have considered macro-economic indicators such as GDP, crude oil production and prices, and investments in new terminals to forecast market numbers.
Insights are incomplete without metrics
In our report covering the global bulk terminals market, we have encapsulated the key metrics that accurately describe the global bulk terminals market and used this data to compare market performance across the various segments and regions. We understand that the nature of the global economy is very volatile and hence besides estimating the Compound Annual Growth Rate (CAGR) for the global and regional markets, we have also analysed the global bulk terminals market on the basis of growth parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities likely to emerge in the global bulk terminals market. Further, we have studied the different market segments by conducting a Basis Point Share (BPS) analysis to understand the relative contribution of individual segments to overall market growth. We feel this detailed level of information is important to identify the many key trends governing the global bulk terminals market. Another notable feature of our report is an analysis of the revenue forecast of the global bulk terminals market in terms of absolute dollar opportunity. While this is usually overlooked when forecasting the market, we believe absolute dollar opportunity analysis is critical in assessing the level of opportunity that market providers can look to achieve and also to identify potential resources in the global bulk terminals market. Finally, we know the importance of dissecting the different market segments in terms of their growth and performance in the global bulk terminals market, and towards this end, we have developed a market attractiveness index to help market players identify current and future market opportunities.
Our report on the global bulk terminals market provides a market outlook for the period 2016 – 2026 and sets the forecast within the context of the global bulk terminals market, including volume throughputs of bulk commodities along with market shares from regional ports and regional trade developments impacting market demand in specific regions.