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Port Infrastructure
Global port Infrastructure market Continues to Grow as industry Leader Hyundai Engineering and construction Announces to invest US$ 540 million to develop Port
#3200,SEATTLE, WASHINGTION , UNITED STATES, December 13, 2021 /EINPresswire.com / -- United States/WA: Port Infrastructure Market Perspective 2021
Port infrastructures are becoming more integrated, supporting both nearshore and offshore port operations by developing integrated and flexible nearshore and offshore ports, as well as creating flexible and cost-effective solutions for future vessel and ship types, ports and harbormasters, and regional economic growth. With ports shifting their attention to onshore activities, there is a greater need to modernise infrastructure at both onshore and offshore locations. Greater economic growth as a result of increased containerization of goods shipping needs. To improve the effectiveness of their port infrastructure development plans, ports are using more cost-effective, self-insourcing alternatives. As a result, the trend of inshore and offshore containerization of freight is shifting the focus of ports in terms of inshore logistics.
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Increasing government investments in port infrastructure are expected to drive growth of the global port infrastructure market. Globalization and free trade have led to increased emphasis on international trade activities, which in turn, has increased investment in the development of transport facilities typically ports. Governments of both developed and emerging economies have started investing significantly in port infrastructure, in order to accelerate international trade activities. For instance, in October 2020, the U.S. Department of Transportation (DoT), announced to invest over US$ 220 million in discretionary grant funding to improve port facilities in 15 cities and territories under the Maritime Administration's (MARAD) Port Infrastructure Development Program (PIPD). Furthermore, in October 2020, the U.K. government announced US$ 258 million in funds for port infrastructure. Hence, such factors are expected to drive growth of the global port infrastructure market. Furthermore, the development of energy and container ports is expected to propel the global port infrastructure market growth in the near future.
Companies Covered as part of this study include:
ACS Group,
Hyundai Engineering,
Consolidated Engineering Construction Co,
Bechtel,
and Danube Ports Network Company.
The environmental impacts are expected to restrain the growth of the global port infrastructure market. Among regions, Asia Pacific is expected to witness significant growth in the global port infrastructure market. This is owing to rapid international trade activities across emerging economies such as India, Japan, and China. Furthermore, North America is expected to register a robust growth rate, owing to increasing government investment in port infrastructure.
For instance, in February 2020, Hyundai Engineering and Construction announced to invest US$ 540 million to develop Port of Slavyanka in eastern Russia along with the construction of a multipurpose terminal in partnership with Berkut, a Russian logistics company.
Global Port Infrastructure Market Taxonomy
On the basis of infrastructure project, the global port infrastructure market is classified into:
Container
Energy
Break-bulk
Roll-on/roll-off ports (ro-ro ports)
On the basis of facility type, the global port infrastructure market is classified into:
Deep-water seaport
Seaport
River port
Harbor
Pier, Jetty or wharf
Port terminal
Off shore terminal
Canal
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Table of Contents:-
1. Research Objective and assumption
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
3. Market Dynamics, Regulations, and Trends Analysis
Drivers
Restraints
Market Opportunities
4. Global Port Infrastructure Competition by Types, Applications, and Top Regions and Countries
Global Port Infrastructure (Volume and Value) by Type
Global Port Infrastructure (Volume and Value) by Regions
5. Competitive Landscape
6. Market Size and Future Potential, By Industry Components
7. Production Market Analysis
8. Global Port Infrastructure Market Analysis, By Industry Components
9. Market Share Analysis, By Region
10. Research Methodology
Continued...
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