Ship Port Infrastructure Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Ship Port Infrastructure Market Analysis
The ship port infrastructure market was valued at USD 160.86 billion and is projected to increase to USD 215.57 billion by the end of the forecast period, registering a CAGR of 5% in revenue growth.
- The COVID-19 pandemic impacted global trade flows at a rapid pace and scale. During the pandemic, access to essential goods and medical items has been secured largely by the ability of the maritime supply chain to adapt quickly. The global economy is recovering from the pandemic, and global trade is witnessing significant growth, which is expected to continue over the forecast period.
- Over the medium term, they were growing trade relations between countries. The primary factor for all trade is the mode of transport and distance; cost-effective transport enhances trade activities with less time, low traffic and congestion, and the ability to carry heavier loads. With this advantage over other modes, Marine trade activities are gaining popularity on a global scale.
- With the growing trade relations with other countries and increased trade volumes, developing countries are touted to be regions for developing new ports to support maritime traffic, which is likely to drive the market over the forecast period.
Ship Port Infrastructure Market Trends
Government Initiatives for Development of Ports are Driving Growth
- Various governments across the globe are investing in ports; they are among the primary drivers of trade in the country. For instance, in July 2022, the Government of India was committed to reducing the emissions from the shipping sector and promoting the development of net zero and low-emission solutions. In February 2022, the US General Services Administration (GSA) announced major land port modernization and construction projects. The project is funded through the Bipartisan Infrastructure Law. The investment helps to improve commerce and trade activities across the country.
- In November 2021, US President Biden's Bipartisan Infrastructure Deal included an unprecedented USD 17 billion to improve infrastructure at coastal ports, inland ports and waterways, and land ports of entry along the border, recognizing the significance of American ports to the global economy. Supply chain resilience will be strengthened through long-term investments and short-term assistance provided by these resources.
- Additionally, to aid the logistics sector, many countries are inaugurating new ports to increase the inbound flow of ships and containers. For instance, in September 2021, Israel opened its new shipping port along its Mediterranean coast, which will strengthen the nation's position as a regional economic hub and introduce much-needed competition to a sector beset by delays. The Shanghai International Port Group (SIPG), which will run the 5.5 billion shekel (USD 1.7 billion) Bay Port in Haifa, will allow larger classes of cargo ships carrying 18,000 containers or more to dock in Israel.
- These initiatives and investments will increase the volume capacity of the docks, and to handle the ships, in turn, aid in constructing better infrastructure will be required. Hence this is expected to aid the ship port infrastructure market growth in the forecast period.
Asia Pacific is Expected to be the Fastest Growing Market
- The Asia-Pacific region consists of some of the fastest-growing economies in the world, like China and India. These countries' trade activities support this economic growth, and international trade takes place with marine transport.
- For instance, the marine trade of India comprises around 95% of total trade by volume and 75% by value. With other Asian and South-East Asian countries also expected to increase trade, marine transport will support this growth, and subsequently, more port infrastructure will be required for these. The Asia-Pacific region consists of some of the fastest-growing economies in the world, like China and India. This economic growth is supported by these countries' trade activities, and international trade takes place with marine transport.
- For instance, India's marine trade comprises around 95% of total trade by volume and 75% by value. With other Asian and South-East Asian countries also expected to increase trade, marine transport will support this growth, and subsequently, more port Infrastructure will be required for these nations.
- For instance, the Sri Lanka Port Authority (SLPA) is progressing with the development of facilities at Colombo Port to improve the value of Colombo Port to global shipping lines and to increase its share of the trans-shipment market.
- Additionally, many countries in the Asia-Pacific rely heavily on sea trade. Hence many of these countries are investing in technologies and infrastructure to boost the economy and use new technologies to their benefit. In June 2022, Singapore announced plans to construct the world's largest automated port by 2040. The total cost of the project at that time was USD 14 billion. The automated port is expected to feature advanced technologies such as drones and driverless vehicles to enhance its operations.
- Hence owing to the above-mentioned factors, the ship port market is expected to grow significantly in the Asia Pacific region over the coming years. e nations.
- For instance, The Sri Lanka Port Authority (SLPA) is progressing with the development of facilities at Colombo Port to improve the value of Colombo Port to global shipping lines and to increase its share of the trans-shipment market.
- Additionally, many countries in the Asia-Pacific rely heavily on sea trade. Hence many of these countries are investing in technologies and infrastructure to boost the economy and use new technologies to their benefit. For instance, in June 2022, Singapore exclaimed to construct the world's biggest automated port by 2040. As of now, the cost of the entire project is USD 14 billion. The automated port claims to have drones and driverless vehicles.
- Hence owing to the above-mentioned factors, the ship port market is expected to grow significantly in the Asia Pacific region over the coming years.
Ship Port Infrastructure Industry Overview
The ship port infrastructure market is dominated by several players, such as Man Infrastructure Ltd., Essar Ports Ltd., Adani Ports, Larsen and Toubro. Several mergers and acquisitions between the key players are likely to witness major growth during the forecast period. For instance,
In April 2022, Adani Ports and Special Economic Zone Ltd, through its subsidiary, The Adani Harbour Services Ltd, entered into a definitive agreement to acquire a 100% stake in Ocean Sparkle Ltd ('OSL'), India's leading third-party marine services provider.
Such developments are likely to fuel the market growth over the forecast period.
Ship Port Infrastructure Market Leaders
-
Man Infraconstruction Ltd.
-
APM Terminals
-
Adani Group
-
Essar Ports Limited
-
Larsen & Toubro Limited
*Disclaimer: Major Players sorted in no particular order
Ship Port Infrastructure Market News
- August 2022: Adani Ports Group signed a memorandum of understanding (MoU) with Adani Ports and special economic zone (SEZ) Ltd for strategic joint investments in end-to-end logistics infrastructure and solutions, which include rail, maritime services, port operations, digital services, an industrial zone, and the establishment of maritime academies in Tanzania.
- August 2022: APM Terminals, a subsidiary of Maersk, emerged as the successful bidder in the judicial auction for the acquisition of the isolated Estaleiro Atlantico Sul production unit located in the Port of Suape, Pernambuco, Brazil. The court in Ipojuca, Pernambuco, has officially confirmed APM Terminals as the winner, according to the terminal operator's announcement. This acquisition signifies APM Terminals' strategic expansion in the region and underscores its commitment to further developing its operations in the Port of Suape.
- August 2022: Essar group signed a USD 2.4 billion deal to sell certain ports and power infrastructure to ArcelorMittal Nippon Steel in one of the largest post-pandemic merger and acquisition deals in India.
Ship Port Infrastructure Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Market Drivers
- 4.1.1 Government Initiatives for Development of Ports are Driving Growth
-
4.2 Market Restraints
- 4.2.1 High Capital Investment may hamper the target market growth
-
4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value in USD)
-
5.1 Type
- 5.1.1 Sea Port
- 5.1.2 Inland Port
- 5.1.3 Other Types
-
5.2 Application
- 5.2.1 Passenger
- 5.2.2 Cargo
-
5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Rest of Europe
- 5.3.3 Asia Pacific
- 5.3.3.1 India
- 5.3.3.2 China
- 5.3.3.3 Japan
- 5.3.3.4 South Korea
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 Rest of the World
- 5.3.4.1 Brazil
- 5.3.4.2 Mexico
- 5.3.4.3 United Arab Emirates
- 5.3.4.4 Other Countries
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
-
6.2 Company Profiles*
- 6.2.1 Man Infraconstruction Limited
- 6.2.2 Gujarat Maritime Board
- 6.2.3 Essar Ports Limited
- 6.2.4 APM Terminals
- 6.2.5 DP World
- 6.2.6 Adani Group
- 6.2.7 Larsen & Toubro Limited
- 6.2.8 Starlog Entrprises
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityShip Port Infrastructure Industry Segmentation
The ship port infrastructure is used to provide transport-related port services. The transport-related services consist of the transportation of the vessel, cargo, and passengers which pass through ports.
The ship Port Infrastructure market is segmented by type, application, and geography. Based on the type, the market is segmented into seaports, inland ports, and other types. Based on the application, the market is segmented into passenger and cargo. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the world.
For each segment, the market sizing and forecast have been done on the basis of value (USD).
| Type | Sea Port | |
| Inland Port | ||
| Other Types | ||
| Application | Passenger | |
| Cargo | ||
| Geography | North America | United States |
| Canada | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Rest of Europe | ||
| Geography | Asia Pacific | India |
| China | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Rest of the World | Brazil |
| Mexico | ||
| United Arab Emirates | ||
| Other Countries |
Ship Port Infrastructure Market Research FAQs
What is the current Ship Port Infrastructure Market size?
The Ship Port Infrastructure Market is projected to register a CAGR of 5% during the forecast period (2024-2029)
Who are the key players in Ship Port Infrastructure Market?
Man Infraconstruction Ltd., APM Terminals, Adani Group, Essar Ports Limited and Larsen & Toubro Limited are the major companies operating in the Ship Port Infrastructure Market.
Which is the fastest growing region in Ship Port Infrastructure Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Ship Port Infrastructure Market?
In 2024, the Asia Pacific accounts for the largest market share in Ship Port Infrastructure Market.
What years does this Ship Port Infrastructure Market cover?
The report covers the Ship Port Infrastructure Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ship Port Infrastructure Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Ship Port Infrastructure Industry Report
Statistics for the 2024 Ship Port Infrastructure market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ship Port Infrastructure analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
