Global Ship Port Infrastructure Market is valued approximately at USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4% over the forecast period 2021-2027. Growing commercial relations between nations are some of the main drivers driving market expansion. The mode of transport and distance are the most important factors in any trade. Low-cost transportation improves commercial operations by saving time, reducing traffic and congestion, and carrying bigger loads. Because of this advantage over other forms of transportation, marine commerce operations are gaining popularity on a global scale. Furthermore, with expanding economic ties and increased trade volumes, emerging nations are being touted as potential locations for the building of new ports to handle marine traffic. Countries such as China and India are rapidly building new ports; for example, India expanded its port count from 199 in 2008 to 217 in 2018. Also, private players involvement in the development of ship ports in several countries. The Ministry of Shipping has targeted capacity of over 3,130 MMT by 2020, which will be driven by private sector engagement. Non-major ports are anticipated to produce more than half of this capacity. To cover the demand gap, two new large ports with considerable capacity growth are planned. Greenfield ports are being proposed for Vadhavan (Maharashtra) and Paradip Outer Harbour (Odhisha). However, high capital costs and maintenance, may impede market growth over the forecast period of 2021-2027.
The Asia-Pacific region is home to some of the world’s fastest developing economies, including China and India. This economic expansion is supported by the trade that these nations conduct, with maritime transport accounting for the vast majority of international trade. With other Asian and South-East Asian countries anticipated to boost trade, this expansion will be supported by maritime transport, requiring the construction of new port infrastructure in these countries.
Major market player included in this report are:
Essar Ports Limited
Man Infraconstruction Limited
Adani ports & Logistics
Gujarat Maritime Board
L&T Infrastructure Development Projects Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Ship Port Infrastructure Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers