The global port infrastructure market was valued at $148,147.3 million in 2020, and is expected to reach $243,086.3 million by 2030, with a CAGR of 4.9% from 2021 to 2030. Port infrastructure is the operating base of the port to sustain ships, cargo, and passengers passing through the port. Expansion of port infrastructure requires capital investment, long implementation time, and therefore long-term planning. The design of port infrastructure must be responsive to the needs of the shipping, logistics, and transportation industries.
The growth of the port infrastructure market is expected to be driven by increase in government expenditure on port infrastructure to promote safe and efficient commercial activities. In addition, rise in need for liquefied natural gas exports via marine transport is likely to contribute toward the growth of the industry. Furthermore, numerous sectors rely on marine shipping to import and export commodities throughout the world, as transporting products by air is more expensive than transporting commodities by water. Thus, this factor is expected to significantly drive the growth of the global port infrastructure market.
However, the expansion of the port infrastructure industry is hampered by trade obstacles. Tariffs are a type of trade barrier that imposes a levy on imported products. Tariffs increase the cost of imported products. Higher tariffs are due to higher price of imported goods. In addition, higher tariffs lead to lower port transit and shipping. For instance, in comparison to exports to China, the U.S. import from China is high. To regulate imports and save American firms, the U.S. Government implemented a tariff tax system. However, because the building and maintenance of port infrastructure requires a significant amount of cash and takes a long time to complete, these difficulties are projected to act as challenges for the market growth.
A country's economic progress is aided by efficient trade activities. As a result, sea ports play an important role in economic activities, particularly in coastal locations. Every year, the number of passengers travelling by sea and the number of commodities transported by water are witnessed to increase significantly. Hence, it leads to construction of new ports. The need for global port infrastructure is likely to rise as a result of this scenario. Furthermore, the use of IoT and AI for shipping and transport management can shorten the time required for waterway transport delivery, which is expected to offer lucrative opportunities for the market expansion.
The global port infrastructure market is segmented into port type, application, construction type, and region. On the basis of port type, the market is classified into sea port and inland port. Depending on application, it is bifurcated into passenger and cargo. By construction type, it is segregated into terminal, equipment, and others. Region wise, the global port infrastructure market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players profiled in the port infrastructure market include Adnani Ports and SEZ, APM Terminal, AECOM, Colas, Essar Ports Ltd., IL&FS Engineering & Construction Company Ltd., Larsen & Toubro Ltd., Man Infraconstruction Ltd., Ramboll, and WSP Global Inc. Major companies in the market have adopted acquisition, business expansion, and agreement as their key developmental strategies to offer better products and services to customers in the port infrastructure market.
The growth of the port infrastructure market is expected to be driven by increase in government expenditure on port infrastructure to promote safe and efficient commercial activities. In addition, rise in need for liquefied natural gas exports via marine transport is likely to contribute toward the growth of the industry. Furthermore, numerous sectors rely on marine shipping to import and export commodities throughout the world, as transporting products by air is more expensive than transporting commodities by water. Thus, this factor is expected to significantly drive the growth of the global port infrastructure market.
However, the expansion of the port infrastructure industry is hampered by trade obstacles. Tariffs are a type of trade barrier that imposes a levy on imported products. Tariffs increase the cost of imported products. Higher tariffs are due to higher price of imported goods. In addition, higher tariffs lead to lower port transit and shipping. For instance, in comparison to exports to China, the U.S. import from China is high. To regulate imports and save American firms, the U.S. Government implemented a tariff tax system. However, because the building and maintenance of port infrastructure requires a significant amount of cash and takes a long time to complete, these difficulties are projected to act as challenges for the market growth.
A country's economic progress is aided by efficient trade activities. As a result, sea ports play an important role in economic activities, particularly in coastal locations. Every year, the number of passengers travelling by sea and the number of commodities transported by water are witnessed to increase significantly. Hence, it leads to construction of new ports. The need for global port infrastructure is likely to rise as a result of this scenario. Furthermore, the use of IoT and AI for shipping and transport management can shorten the time required for waterway transport delivery, which is expected to offer lucrative opportunities for the market expansion.
The global port infrastructure market is segmented into port type, application, construction type, and region. On the basis of port type, the market is classified into sea port and inland port. Depending on application, it is bifurcated into passenger and cargo. By construction type, it is segregated into terminal, equipment, and others. Region wise, the global port infrastructure market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players profiled in the port infrastructure market include Adnani Ports and SEZ, APM Terminal, AECOM, Colas, Essar Ports Ltd., IL&FS Engineering & Construction Company Ltd., Larsen & Toubro Ltd., Man Infraconstruction Ltd., Ramboll, and WSP Global Inc. Major companies in the market have adopted acquisition, business expansion, and agreement as their key developmental strategies to offer better products and services to customers in the port infrastructure market.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current trends and future estimations.
- Extensive analysis of port infrastructure market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global port infrastructure market forecast analysis from 2021 to 2030 is included in the report.
- The key market players within the global port infrastructure market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global market.
Key Market Segments
By Port Type
- Sea Port
- Inland Port
By Application
- Passanger
- Cargo
By Construction Type
- Terminal
- Equipment
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- APM Terminal
- Colas
- Essar Ports Ltd.
- IL&FS Engineering & Construction Company Ltd.
- Larsen & Toubro Ltd.
- Man Infraconstruction Ltd.
- Adani Group
- Ramboll
- AECOM
- WSP Global Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PORT INFRASTRUCTURE MARKET, BY PORT TYPE
CHAPTER 5: PORT INFRASTRUCTURE MARKET, BY APPLICATION
CHAPTER 6: PORT INFRASTRUCTURE MARKET, BY CONSTRUCTION TYPE
CHAPTER 7: PORT INFRASTRUCTURE MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Port Infrastructure Market,' the port infrastructure market size was valued at $148.1 billion in 2020, and is estimated to reach $243.1 billion by 2030, growing at a CAGR of 4.9% from 2021 to 2030. The design of port infrastructure must be responsive to the needs of the maritime, logistics, and transportation industries. Port infrastructure is the operating base of the port to sustain ships, cargo, and passengers passing through the port. Expansion of port infrastructure requires capital investment, long implementation time, and therefore long-term planning.Increase in public investment in port infrastructure to ensure safe and efficient economic activities is expected to drive the growth of the global port infrastructure market. In addition, surge in demand for transportation of liquefied natural gas export by sea is expected to contribute to the market growth. In addition, many industries depend on ocean shipping to import or export goods globally. Transportation through air freight is expensive compared to water way transport, which is expected to boost the market growth during the forecast period.
However, trade barriers are hindering the port infrastructure market growth. Trade barriers are the tariffs on imported goods. Tariffs make imported goods more expensive as tariff imports reduce. For instance, the U.S. imports from China were high compared to exports to China. The U.S. Government had introduced a tariff system to control imports and bail out domestic businesses. However, construction and maintenance of port infrastructure require a large amount of capital investment and construction completion time. Hence, this is expected to serve as a potential barrier for the growth of the market.
In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, disrupted the supply chain, thereby hindering growth of the port infrastructure market. However, this situation is expected to improve as government is relaxing norms around the world for resuming business activities.
The use of automation in port infrastructure is growing over years. The use of IoT and AI for cargo and transport management can shorten the time necessary for waterway transport delivery. Hence, this is likely to offer new opportunity for the port infrastructure market share. A country's economic progress is aided by efficient trade activities. As a result, sea ports play an important role in economic activities, particularly in coastal locations. Every year, the number of passengers travelling by sea and the number of commodities transported by water increase at a substantial rate. As a result, this aids in the development of the market.
The global port infrastructure industry is segmented into port type, application, construction type, and region. On the basis of port type, the market is classified into sea port and inland port. Depending on application, it is bifurcated into passenger and cargo. By construction type, it is segregated into terminal, equipment, and others. Region wise, the global port infrastructure market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players profiled in the port infrastructure market include Adani Ports and SEZ, AECOM, APM Terminal, Colas, Essar Ports Ltd., IL&FS Engineering & Construction Company Ltd., Larsen & Toubro Ltd., Man Infraconstruction Ltd., Ramboll, and WSP Global Inc.
Key findings of the Study
- The report provides an extensive analysis of the current and emerging global port infrastructure market trends and dynamics.
- Depending on port type, the sea port segment was the largest revenue generator in 2020.
- By application, the cargo segment generated the highest revenue in 2020.
- On the basis of construction type, the equipment segment dominated the market in 2020.
- Region wise, Asia-Pacific is anticipated to dominate the global market throughout the study period.
- The global port infrastructure market forecast analysis from 2021 to 2030 is included in the report.
Companies Mentioned
- APM Terminal
- Colas
- Essar Ports Ltd.
- IL&FS Engineering & Construction Company Ltd.
- Larsen & Toubro Ltd.
- Man Infraconstruction Ltd.
- Adani Group
- Ramboll
- AECOM
- WSP Global Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 240 |
| Published | April 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 148147.3 million |
| Forecasted Market Value ( USD | $ 243086.3 million |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
