Global Marine And Ports Construction Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
11 Jul, 2023
The global marine and ports construction market size is expected to grow from $39.98 billion in 2022 to $42.33 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global marine and ports construction market size is expected to reach $45.74 billion in 2027 at a CAGR of 2.0%.
Global Marine And Ports Construction Market Key Driver
The increased need for maritime trade is predicted to drive future growth in the marine and port construction markets. The transfer of products across international borders between two countries is known as maritime trade. It is a low-cost, effective technique of delivering commodities between countries. Ports are maritime structures near bodies of water, most notably seas, oceans, and rivers, where ships load and unload cargo and passengers. Marine and port constructions are useful in the development of some of the large ports and marine to load and unload commodities from ships; therefore, an increase in maritime traffic will accelerate market expansion.
Get a sample of the global marine and ports construction market reportGlobal Marine And Ports Construction Market Segments
The global marine and ports construction market is segmented:
1) By Port Type: Sea Port, Inland Port, Other Types
2) By Construction Type: Terminal, Equipment, Other Types
3) By Products: Old Port Upgrade, New Port Construct
4) By Application: Dredging, Breakwater Construction, Wharf or Jetty Construction, Docks, Berths, Terminals, Enabling Infrastructure
5) By Geography: The regions covered in the marine and ports construction market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global marine and ports construction market.
Major Marine And Ports Construction Industry Players
A.P. Moller - Maersk, DP World Limited, Ningbo Zhoushan Port Company Limited, Shanghai International Port Co. Ltd., Tianjin Port Development Holdings Ltd., International Container Terminal Services Inc., Mitsubishi Logistic Corporation, Shipping Solutions and Services Ltd., APM Terminals, CK Hutchison Holding Limited, PSA International, CarboShield Inc., McCarthy Building Companies Inc., PCL Constructors Inc.
Get the full global marine and ports construction market report
Marine And Ports Construction Market Overview
Marine and port construction refer to the building of structures near bodies of water, such as oceans, rivers, ports, and harbors. This includes the construction of piers, wharves, and seawalls used for the loading and unloading of cargo and passengers from ships.
Marine And Ports Construction Global Market Report 2023 provides data on the global marine and ports construction market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The marine and ports construction market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.