Marine And Ports Construction Market Forecast 2024-2033 - Major Trends, Segments And Fastest Growing Regions | China Communications Construction Co Ltd, Grupo ACS, China State Construction Engineering Construction Co Ltd

"The new report published by The Business Research Company, titled Marine And Ports Construction Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the marine and ports construction market size has grown steadily in recent years. It will grow from $42.58 billion in 2023 to $44.61 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The marine and ports construction market size is expected to see steady growth in the next few years. It will grow to $51.86 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%.

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Rising Maritime Trade Drives Growth In The Marine And Port Construction Markets
The surge in demand for maritime trade is expected to propel the growth of the marine and port construction markets going forward. Maritime trade is the transport of goods across international borders between two countries. It is a low-cost, efficient method of transporting goods from one country to another. Ports are maritime constructions located near bodies of water, primarily seas, oceans, and rivers, where ships load and unload cargo and passengers. Marine and port constructions are useful in the construction of some of the large ports and marine to load and unload goods from ships, thus, a rise in maritime trade will propel the market growth. For instance, in October 2022, according to the United Nations Conference on Trade and Development (UNCTAD), a Switzerland-based intergovernmental organization, Asia remained the world's leading maritime freight region, with Asian ports (both developed and developing) loading approximately 4.6 billion metric tons of goods, accounting for approximately 42% of total goods loaded in ports worldwide. Asian ports received approximately 7.1 billion metric tons or 64% of the total goods discharged globally in 2021. Therefore, the surge in demand for maritime trade is driving the growth of the marine and port construction markets going forward.

Zero-Carbon Initiatives Transforming Marine And Ports Construction Market
Companies operating in the marine and port construction market are focusing on developing zero-carbon port terminals to reduce carbon emissions. For example, in December 2021, COSCO Shipping Ports, a China-based port operator launched a zero-carbon port terminal at the northern port of Tianjin, China that is powered by wind and photovoltaic energy (PV), achieving zero carbon emission in energy consumption and production. The smart green energy system was connected to the grid at the Second Container Terminal of Tianjin Port. It includes two 4.5 MW (megawatt) distributed wind turbines, which can generate 23.3 million kWh (kilowatt-hour) of electricity annually and reduce carbon emissions by 20,600 tons per year.

The marine and ports construction market covered in this report is segmented -

1) By Port Type: Sea Port, Inland Port, Other Types
2) By Construction Mode: Old Port Upgrade, New Port Construct
3) By Application: Dredging, Breakwater Construction, Wharf or Jetty Construction, Docks, Berths, Terminals, Other Applications

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Major companies operating in the marine and ports construction market report are 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 Limited, Vinci Construction Maritime et Fluvial, Heerema Marine Contractors, Dredging International, Budimex SA, Sovfracht Group, Hydrobudowa Polska SA, 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

Contents of the report:
1. Executive Summary
2. Marine And Ports Construction Market Report Structure
3. Marine And Ports Construction Market Trends And Strategies
4. Marine And Ports Construction Market - Macro Economic Scenario
5. Marine And Ports Construction Market Size And Growth
…..
27. Marine And Ports Construction Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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