Global Port Construction Projects Market to reach USD xxx billion by 2025.Global Port Construction Projects Market valued approximately USD 458.61 billion in 2017 is anticipated to grow with a healthy growth rate of more than xxx% over the forecast period 2018-2025.
The Port Construction projects market is developing and expanding at a significant pace. The Globalization has led to enhanced focus on the international trade activities which has resulted into constant surge in the spending for the development of transport facilities which mainly includes railways, roads, waterways and airports. The Port Construction projects market is mainly on the surging trend owing to escalating trade & commerce through the seas as the sea transport is comparatively cheap as compared to air cargo. The Port construction is being heavily done in the southern Asian countries which consist of large coastline such as China, India, Indonesia, Singapore, Malaysia, Australia, Thailand and Sri Lanka. Asia accounted for around 38% of global exports & 53% of imports in the year 2017, according to the International Association of Ports and Harbors (IAPH). According to the (WSC) World Shipping Council, Shanghai which is a China based city is the busiest container port in the world, with a volume of around 36.5 million (TEU) in 2015, followed by Singapore with 30.9 million (TEU).
Also the countries such as India and Malaysia are now major global trade countries and are focusing to invest significantly in port facilities to maximize trade opportunities with their trading partners. Furthermore, According to India Brand Equity foundation, India accounts for the highest value with US$41.1 billion, followed by Malaysia with projects valuing US$28.1 billion. Indonesia and Bangladesh follow with port construction projects with a value of US$26.9 billion and US$24.6 billion respectively. Malaysia accounts for the highest value project in the region with the US$22.8 billion Carey Island Port Klang Extension, followed by Bangladesh with the US$20.0 billion Payra Seaport Development which is further augmenting the development and growth of port construction market in the country.
The Companies involved in the market are as follows:
By Services Performance:
Port Construction Projects
By Regions:
The Port Construction projects market is developing and expanding at a significant pace. The Globalization has led to enhanced focus on the international trade activities which has resulted into constant surge in the spending for the development of transport facilities which mainly includes railways, roads, waterways and airports. The Port Construction projects market is mainly on the surging trend owing to escalating trade & commerce through the seas as the sea transport is comparatively cheap as compared to air cargo. The Port construction is being heavily done in the southern Asian countries which consist of large coastline such as China, India, Indonesia, Singapore, Malaysia, Australia, Thailand and Sri Lanka. Asia accounted for around 38% of global exports & 53% of imports in the year 2017, according to the International Association of Ports and Harbors (IAPH). According to the (WSC) World Shipping Council, Shanghai which is a China based city is the busiest container port in the world, with a volume of around 36.5 million (TEU) in 2015, followed by Singapore with 30.9 million (TEU).
Also the countries such as India and Malaysia are now major global trade countries and are focusing to invest significantly in port facilities to maximize trade opportunities with their trading partners. Furthermore, According to India Brand Equity foundation, India accounts for the highest value with US$41.1 billion, followed by Malaysia with projects valuing US$28.1 billion. Indonesia and Bangladesh follow with port construction projects with a value of US$26.9 billion and US$24.6 billion respectively. Malaysia accounts for the highest value project in the region with the US$22.8 billion Carey Island Port Klang Extension, followed by Bangladesh with the US$20.0 billion Payra Seaport Development which is further augmenting the development and growth of port construction market in the country.
The Companies involved in the market are as follows:
- ACS Group
- Consolidated Engineering Construction Co
- Bechtel
- Danube Ports Network Company
- OAO Baltkran, Cargotech
- CVS SpA
- Demag Cranes
- Fantuzzi
- Liebherr
- Hyundai Engineering
By Services Performance:
Port Construction Projects
By Regions:
- North America
- Europe
- Asia Pacific
- Latin America
- Rest of the World
- Historical year – 2015, 2016
- Base year – 2017
- Forecast period – 2018 to 2025
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
- Investors
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