The Ship Port Infrastructure market is anticipated to register a CAGR of about 4%, during the forecast period (2020 - 2025).
- Some of the major factors driving the growth of the market are growing trade relations between countries. Primary factor for all trade is the mode of transport and distance, cost effective transport enhances trade activities with lesser time, low traffic and congestion with 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 increase in trade volumes developing countries are touted to be regions for development of new ports to support the maritime traffic. Countries like China and India are developing new ports on a very rapid pace, for instance, India have increased their number of ports from 199 in 2008, to 217 in 2018.
Key Market Trends
Government Initiatives for Development of Ports are Driving Growth
In India till November 2019, several projects with total value of US$ 1.90 billion have been awarded in the last three years for upgradation of the major ports. As of Union Budget 2019-20, the total allocation for the Ministry of Shipping is US$272.22 million. In March 2018, a revised Model Concession Agreement (MCA) was approved to make port projects more investor-friendly and make investment climate in the sector more attractive.
Under the Sagarmala Programme, the government has envisioned a total of 189 projects for modernisation of ports involving an investment of Rs 1.42 trillion (US$ 22 billion) by the year 2035.
Ministry of Shipping has set a target capacity of over 3,130 MMT by 2020, which would be driven by participation from the private sector. Non-major ports are expected to generate over 50 per cent of this capacity. To fill the demand gap, 2 new major ports are planned which will bring in significant capacity expansion. Greenfield ports are proposed to be developed at Vadhavan (Maharashtra) and Paradip Outer Harbour (Odhisha)
In January 2018, Yangshan Port, China inaugurated automated container terminal port with investment of US $ 2.15 billion.
These initiatives will increase the volume capacity of the docks and to handle the ships, better infrastructure will be required which will create a demand in the market.
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, India etc. This growth in the economy is supported by the trade these countries do and the majority of international trade takes place with marine transport. For instance, the marine trade of India comprises of around 95% of total trade by volume and 75% by value. With other Asian and South-East Asian countries also expected to increase trade, this growth will be supported by marine transport and subsequently, more port Infrastructure will be required for these nations. For instance, The Sri Lanka Port Authority (SLPA) is progressing 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
The Ship Port Infrastructure market is concentrated, with a few players accounting for significant amounts of shares in the market. Some of the prominent companies in the Ship Port Infrastructure market are Man Infrastructure Ltd., Essar Ports Ltd., Adani Ports and others. In January 2020, Adani Ports and SEZ Ltd. acquired 75% stake in Krishnapatnam Port.
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Table of Contents
1.2 Scope of the Study
4.2 Market Restraints
4.3 Porters 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
5.2.3 High Power
5.3.1 North America
18.104.22.168 United States
22.214.171.124 Rest of North America
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
5.3.3 Asia Pacific
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
5.3.4 Rest of the World
18.104.22.168 United Arab Emirates
22.214.171.124 Other Countries
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 ports & Logistics
6.2.7 L&T Infrastructure Development Projects Ltd.
6.2.8 Starlog Entrprises
A selection of companies mentioned in this report includes:
- Man Infraconstruction Limited
- Gujarat Maritime Board
- Essar Ports Limited
- APM Terminals
- DP World
- Adani ports & Logistics
- L&T Infrastructure Development Projects Ltd.
- Starlog Entrprises