Port Infrastructure Market Development Strategy, Future Plans and Industry Grow to Reach $243.1 bn by 2030

The design of port infrastructure must be responsive to the needs of the maritime, logistics, and transportation industries. Port infrastructure is the operating base of the port to sustain ships, cargo, and passengers passing through the port. Expansion of port infrastructure requires capital investment, long implementation time, and therefore long-term planning.

Increase in public investment in port infrastructure to ensure safe and efficient economic activities is expected to drive the growth of the global port infrastructure market. In addition, surge in demand for transportation of liquefied natural gas export by sea is expected to contribute to the market growth.

In addition, many industries depend on ocean shipping to import or export goods globally. Transportation through air freight is expensive compared to water way transport, which is expected to boost the market growth during the forecast period.

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The use of automation in port infrastructure is growing over years. The use of IoT and AI for cargo and transport management can shorten the time necessary for waterway transport delivery. Hence, this is likely to offer new opportunity for the port infrastructure market share.

A country's economic progress is aided by efficient trade activities. As a result, sea ports play an important role in economic activities, particularly in coastal locations. Every year, the number of passengers travelling by sea and the number of commodities transported by water increase at a substantial rate. As a result, this aids in the development of the market.

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Top Players:
The major players profiled in the port infrastructure market include Adani Ports and SEZ, AECOM, APM Terminal, Colas, Essar Ports Ltd., IL&FS Engineering & Construction Company Ltd., Larsen & Toubro Ltd., Man Infraconstruction Ltd., Ramboll, and WSP Global Inc.

KEY FINDINGS OF THE STUDY
• The report provides an extensive analysis of the current and emerging global port infrastructure market trends and dynamics.
• Depending on port type, the sea port segment was the largest revenue generator in 2020.
• By application, the cargo segment generated the highest revenue in 2020.
• On the basis of construction type, the equipment segment dominated the market in 2020.
• Region wise, Asia-Pacific is anticipated to dominate the global market throughout the study period.
• The global port infrastructure market forecast analysis from 2021 to 2030 is included in the report.

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