Port Infrastructure Management Market Overview
The port infrastructure management market is anticipated to grow substantially over the next 8 years owing to increasing investments in transport infrastructure by both government and private companies. The growing globalization has led to an increased need for infrastructure including roads, ports, airports, bridges, etc., thus many large companies are focusing on grabbing such mega projects from the government. Moreover, increasing sea-trade has substantially increased demand for the port infrastructure management market, especially in countries such as India, Africa, U.S. & Southeast Asian countries with large coastal areas. The middle eastern countries such as Iran, UAE, Saudi Arabia is also gaining high significance as their export of oil has increased substantially in recent years.
The container shipment industry is playing a crucial role in growing the demand for port infrastructure management, as the container shipment has grown substantially in the last few decades as companies are focusing more on streamlining the operations and reduce operational costs. Additionally, increasing demand from the energy sector is further boosting the port infrastructure market growth. For instance, the Oman international container terminal project (6 million TEU capacity), Qatar New Port (6 million TEU capacity) are a few key projects in the Middle East region focused on the transportation of crude oil. The demand for fuel is increasing considerably each year, for instance as per U.S. Department of Energy, the demand for natural gases has increased around 70% since 2012.
Global Geopolitical Conflicts Are Boosting The Market Demand:
Countries around the world focus on gaining maximum sea area to dominate the geopolitics & international trade. The sea route is crucial from a commercial perspective as it contributes to the majority of inter-continental trade operations. For instance, the Indian ocean is the key connectivity between almost all Asian countries, thus major economies in the region including China, India & Japan are focused on gaining maximum sea area to maintain leadership in the region. For instance, In 2015, the Indian government launched Sagarmala projects focused on the construction of ports throughout its coastline in order to improve marine connectivity & increase trade with southeast Asia and the Middle East & African countries.
Global Port Infrastructure Management Market Segmentation
Global port infrastructure management market, by project type (2015-2027)
- Roll-on/roll-off ports (ro-ro ports)
Global port infrastructure management market, by facility type (2015-2027)
- Deep-water seaport
- Pier, Jetty or wharf
- Port terminal
- Offshore terminal
Global port infrastructure management market, by region (2015-2027)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Global Port Infrastructure Market Share Insights
The report profiles the following key companies operating in the port infrastructure market:
- ACS Group
- Hyundai Engineering
- Consolidated Engineering Construction Co.
- Danube Ports Network Company
- Equipment Manufacturers
- OAO Baltkran
- C.V.S. SpA
- Demag Cranes