This report describes and explains the marine and ports construction market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.
The global marine and ports construction market reached a value of nearly $39,980.4 million in 2022, having grown at a compound annual growth rate (CAGR) of 2.3% since 2017. The market is expected to grow from $39,980.4 million in 2022 to $45,738.4 million in 2027 at a rate of 2.7%. The market is then expected to grow at a CAGR of 4.7% from 2027 and reach $57,525.4 million in 2032.
Growth in the historic period resulted from strong economic growth in emerging markets, the expansion of seaborne trade, the expansion and modernization of existing ports, and increased world trade activities.
Going forward, supportive government investments, the increasing construction of new ports, the growing tourism, and the growing population will drive the growth. Factors that could hinder the growth of the marine and ports construction market in the future include impact of the Russia-Ukraine War.
The marine and ports construction market is segmented by port type into sea port, inland port, and other types. The sea port market was the largest segment of the marine and ports construction market segmented by port type, accounting for 72.5% of the total in 2022. Going forward, the sea port segment is expected to be the fastest growing segment in the marine and ports construction market segmented by port type, at a CAGR of 2.8% during 2022-2027.
The marine and ports construction market is segmented by construction mode into old port upgrade and new port construct. The old port upgrade market was the largest segment of the marine and ports construction market segmented by construction mode, accounting for 75.9% of the total in 2022. Going forward, the old port upgrade segment is expected to be the fastest growing segment in the marine and ports construction market segmented by construction mode, at a CAGR of 2.8% during 2022-2027.
The marine and ports construction market is segmented by application into dredging, breakwater construction, wharf or jetty construction, docks, berths, terminals, and other applications. The terminals market was the largest segment of the marine and ports construction market segmented by application, accounting for 24.1% of the total in 2022. Going forward, the docks segment is expected to be the fastest growing segment in the marine and ports construction market segmented by application, at a CAGR of 2.9% during 2022-2027.
Western Europe was the largest region in the marine and ports construction market, accounting for 38.4% of the total in 2022. It was followed by Asia Pacific, and then the other regions. Going forward, the fastest-growing regions in the marine and ports construction market will be the Middle East and Africa where growth will be at CAGRs of 10.5% and 7.9% respectively. These will be followed by South America and Western Europe where the markets are expected to grow at CAGRs of 4.5% and 2.1% respectively.
The marine and ports construction market is fairly concentrated, with a small number of players dominating the market. The top ten competitors in the market made up to 37.47% of the total market in 2021. China Communications Construction Co. ltd. was the largest competitor with 17.18% share of the market, followed by Grupo ACS with 6.60%, China State Construction Engineering Corporation Ltd with 3.35%, Hyundai Engineering and Construction Co. Ltd with 2.48%, Strabag SE with 2.10%, DEME Group with 1.65%, Ningbo Zhoushan Port Company Limited with 1.40%, Boskalis with 1.01%, Bechtel Corporation with 0.95%, and McCarthy Building Companies Inc. with 0.75%.
The top opportunities in the marine and ports construction market segmented by port type will arise in the sea port segment, which will gain $4,229.5 million of global annual sales by 2027. The top opportunities in the marine and ports construction market segmented by construction mode will arise in the old port upgrade segment, which will gain $4,532.6 million of global annual sales by 2027. The top opportunities in the marine and ports construction market segmented by application will arise in the terminals segment, which will gain $1,449.1 million of global annual sales by 2027. The marine and ports construction market size will gain the most in the UK at $752.8 million.
Market-trend-based strategies for the marine and ports construction market include focus on developing zero-carbon port terminals to reduce carbon emissions, new facility expansions, use of innovative machines and equipment for port construction, partnerships and collaborations, and increasing investments to improve.
Player-adopted strategies in the marine and ports construction market include enhancing business operations through strategic acquisitions and strengthening business capabilities through securing new contracts.
To take advantage of the opportunities, the analyst recommends the marine and ports construction companies to focus on the use of innovative machines, focus on zero-carbon port terminals, expand in emerging markets, continue to focus on developed markets, focus on partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, and focus on fast-growing applications.
The global marine and ports construction market reached a value of nearly $39,980.4 million in 2022, having grown at a compound annual growth rate (CAGR) of 2.3% since 2017. The market is expected to grow from $39,980.4 million in 2022 to $45,738.4 million in 2027 at a rate of 2.7%. The market is then expected to grow at a CAGR of 4.7% from 2027 and reach $57,525.4 million in 2032.
Growth in the historic period resulted from strong economic growth in emerging markets, the expansion of seaborne trade, the expansion and modernization of existing ports, and increased world trade activities.
Going forward, supportive government investments, the increasing construction of new ports, the growing tourism, and the growing population will drive the growth. Factors that could hinder the growth of the marine and ports construction market in the future include impact of the Russia-Ukraine War.
The marine and ports construction market is segmented by port type into sea port, inland port, and other types. The sea port market was the largest segment of the marine and ports construction market segmented by port type, accounting for 72.5% of the total in 2022. Going forward, the sea port segment is expected to be the fastest growing segment in the marine and ports construction market segmented by port type, at a CAGR of 2.8% during 2022-2027.
The marine and ports construction market is segmented by construction mode into old port upgrade and new port construct. The old port upgrade market was the largest segment of the marine and ports construction market segmented by construction mode, accounting for 75.9% of the total in 2022. Going forward, the old port upgrade segment is expected to be the fastest growing segment in the marine and ports construction market segmented by construction mode, at a CAGR of 2.8% during 2022-2027.
The marine and ports construction market is segmented by application into dredging, breakwater construction, wharf or jetty construction, docks, berths, terminals, and other applications. The terminals market was the largest segment of the marine and ports construction market segmented by application, accounting for 24.1% of the total in 2022. Going forward, the docks segment is expected to be the fastest growing segment in the marine and ports construction market segmented by application, at a CAGR of 2.9% during 2022-2027.
Western Europe was the largest region in the marine and ports construction market, accounting for 38.4% of the total in 2022. It was followed by Asia Pacific, and then the other regions. Going forward, the fastest-growing regions in the marine and ports construction market will be the Middle East and Africa where growth will be at CAGRs of 10.5% and 7.9% respectively. These will be followed by South America and Western Europe where the markets are expected to grow at CAGRs of 4.5% and 2.1% respectively.
The marine and ports construction market is fairly concentrated, with a small number of players dominating the market. The top ten competitors in the market made up to 37.47% of the total market in 2021. China Communications Construction Co. ltd. was the largest competitor with 17.18% share of the market, followed by Grupo ACS with 6.60%, China State Construction Engineering Corporation Ltd with 3.35%, Hyundai Engineering and Construction Co. Ltd with 2.48%, Strabag SE with 2.10%, DEME Group with 1.65%, Ningbo Zhoushan Port Company Limited with 1.40%, Boskalis with 1.01%, Bechtel Corporation with 0.95%, and McCarthy Building Companies Inc. with 0.75%.
The top opportunities in the marine and ports construction market segmented by port type will arise in the sea port segment, which will gain $4,229.5 million of global annual sales by 2027. The top opportunities in the marine and ports construction market segmented by construction mode will arise in the old port upgrade segment, which will gain $4,532.6 million of global annual sales by 2027. The top opportunities in the marine and ports construction market segmented by application will arise in the terminals segment, which will gain $1,449.1 million of global annual sales by 2027. The marine and ports construction market size will gain the most in the UK at $752.8 million.
Market-trend-based strategies for the marine and ports construction market include focus on developing zero-carbon port terminals to reduce carbon emissions, new facility expansions, use of innovative machines and equipment for port construction, partnerships and collaborations, and increasing investments to improve.
Player-adopted strategies in the marine and ports construction market include enhancing business operations through strategic acquisitions and strengthening business capabilities through securing new contracts.
To take advantage of the opportunities, the analyst recommends the marine and ports construction companies to focus on the use of innovative machines, focus on zero-carbon port terminals, expand in emerging markets, continue to focus on developed markets, focus on partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, and focus on fast-growing applications.
Table of Contents
1. Executive Summary2. Table Of Contents3. List Of Figures4. List Of Tables5. Report Structure
6. Introduction And Market Characteristics
7. Major Market Trends
8. Global Market Size and Growth
9. Global Marine And Ports Construction Market Segmentation
10. Marine And Ports Construction Market, Regional and Country Analysis
11. Asia-Pacific Market
12. Western Europe Market
13. Eastern Europe Market
14. North America Market
15. South America Market
Executive Summary
Marine And Ports Construction Global Market Opportunities And Strategies To 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global marine and ports construction market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description:
Where is the largest and fastest-growing market for marine and ports construction? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The marine and ports construction market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider marine and ports construction market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the marine and ports construction market.
- Key Trends - Highlights the major trends shaping the global marine and ports construction market. This section also highlights likely future developments in the market.
- Global Market Size and Growth - Global historic (2017-2022) and forecast (2022-2027, 2032F) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis - Historic (2017-2022) and forecast (2022-2027, 2032F) market values and growth and market share comparison by region.
- Market Segmentation - Contains the market values (2017-2022) (2022-2027, 2032) and analysis for each segment by port type, by construction mode, and by application in the market.
- Regional Market Size and Growth - Regional market size (2022), historic (2017-2022) and forecast (2022-2027, 2032F) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations - Includes recommendations for marine and ports construction providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
1) By Port Type: Sea Port; Inland Port; Other Types2) By Construction Mode: Old Port Upgrade; New Port Construct
3) By Application: Dredging; Breakwater Construction; Wharf or Jetty Construction; Docks; Berths; Terminals; Other Applications
Companies Mentioned: China Communications Construction Co Ltd; Grupo ACS; China State Construction Engineering Construction Co Ltd; Hyundai Engineering and Construction Co Ltd; Strabag SE
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia; Saudi Arabia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; marine and ports construction indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- China Communications Construction Co Ltd
- Grupo ACS
- China State Construction Engineering Construction Co Ltd
- Hyundai Engineering and Construction Co Ltd
- Strabag SE
- DEME Group
- Ningbo Zhoushan Port Company Limited
- Boskalis
- Bechtel Corporation
- McCarthy Building Companies Inc
- China Merchants Group
- The Great Eastern Shipping Company Limited
- Keller
- TAMS Group
- SMC Marine
- Coastwide Civil
- Geomarine
- Teo Marine UK Limited
- Vinci Construction Maritime et Fluvial
- Heerema Marine Contractors
- Dredging International
- Budimex SAv
- Sovfracht Group
- Hydrobudowa Polska S A
- FESCO
- AECOM
- Midcoast Construction Enterp
- Manson Construction Co
- Construcciones Industriales Tapia
- PCL Construction
- Ballard Marine Construction
- CMC SUBSEA
- Orion Marine Group
- Wilson Sons
- Naval Martins
- Santos Brasil
- Odebrecht Engineering and Construction
- DP World Callao
- Abu Dhabi Ports
- Arkas Holding
- Gulftainer
- Huta Marine Works Ltd
- Red Sea Gateway Station Company Ltd
- Saudi Global Ports Co
- Global Marine Services Co
- Marine Engineering Technologies
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 322 |
| Published | October 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 40 Billion |
| Forecasted Market Value ( USD | $ 57.5 Billion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
