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As port infrastructure evolves in the U.S., China, and the Netherlands, the backbone of global trade is being rebuilt to meet the demands of the future economy.

09-10-2024 12:14 PM CET | Logistics & Transport

Press release from: Bonafide Research

The global port infrastructure market is anticipated to cross USD 225 Billion by 2029 with 5.75% CAGR by 2024-29.

The global port infrastructure market is anticipated to cross USD 225 Billion by 2029 with 5.75% CAGR by 2024-29.

Ports are the crucial gateways to the world, serving as the lifeblood of global trade and economic development. They facilitate the movement of goods across continents, enable international commerce, and support economic growth and job creation in coastal regions and beyond. As the demand for international trade continues to grow, the efficiency and modernization of port infrastructure become increasingly vital for sustaining global economic progress. Port infrastructure refers to the physical and logistical components of a port that enable the handling, storage, and transportation of goods and passengers. It includes facilities such as docks, terminals, warehouses, cranes, and other cargo-handling equipment. Additionally, port infrastructure encompasses transportation networks connecting the port to inland destinations, such as roads, railways, and pipelines. According to the research report, "Global Port Infrastructure Market Outlook, 2029" published by Bonafide Research, the market is anticipated to cross USD 225 Billion by 2029, increasing from USD 163.72 Billion in 2023. The market is expected to grow with 5.75% CAGR by 2024-29. Ports are focusing on improving physical connectivity by upgrading transportation infrastructure, such as roads, railways, and inland waterways, to enable seamless multimodal transportation. Ports and terminal operators are increasingly seeking customized port systems that cater to their specific requirements. This includes the development of innovative fender systems, advanced materials, and customized bollards that enhance safety, efficiency, and durability. Additionally, ports are adopting advanced monitoring technologies to better assess the condition and performance of their systems, enabling more informed maintenance decisions and timely replacements. Port infrastructure is the foundation of port operations used for servicing ships, cargo, and passengers passing through the port.

Sea ports hold a pivotal position in the port infrastructure industry because of their unique capacity to accommodate large volumes of cargo and their direct access to major shipping routes. This strategic advantage has established seaports as the dominant gateways for international trade, making them essential to the global economy. Sea ports have the capacity to handle substantial volumes of goods. These ports offer expansive dock space, deep water access, and specialized terminals designed to accommodate large vessels, including container ships, bulk carriers, and tankers. This allows seaports to facilitate the efficient transfer of goods from ships to other transportation modes such as trucks and trains, streamlining the movement of cargo to inland destinations. Sea ports provide direct access to international shipping lanes. Their strategic locations along coastlines and near major trade routes enable them to serve as key transit points for vessels traveling across oceans. This direct access minimizes transportation costs and transit times, making seaports the preferred choice for shipping companies and traders looking to move goods globally. Cargo is the driving force behind the port infrastructure industry due to its essential role in international trade and economic development. Ports act as vital hubs for the movement of various types of cargo, including containers, dry bulk, liquid bulk, and breakbulk, ensuring that goods are efficiently transported across the globe. The ability to handle different types of cargo efficiently and securely is what makes ports indispensable to the global economy. The prominence of cargo in the port infrastructure industry is closely tied to its impact on global trade. Ports facilitate the import and export of goods, connecting manufacturers, suppliers, and consumers worldwide. This interconnectedness enables businesses to access international markets, expand their reach, and create economic opportunities. As trade volumes continue to grow, so does the demand for efficient cargo handling and transportation.

For more insights: https://www.bonafideresearch.com/product/240459681/global-port-infrastructure-market

Terminal construction plays a central role in the port infrastructure industry due to its importance in enabling efficient handling, storage, and transportation of various types of cargo. Terminals serve as specialized facilities within ports, dedicated to specific types of cargo such as containers, dry bulk, liquid bulk, and breakbulk. Their design and functionality directly impact a port's capacity, operational efficiency, and ability to adapt to changing trade demands. The construction of modern terminals is crucial for accommodating the increasing volume and complexity of global trade. As larger vessels enter service and carry greater volumes of cargo, ports must be equipped with terminals that can handle these ships efficiently. This includes deepening berths, expanding storage areas, and enhancing cargo handling equipment to manage the increased scale of operations. Container terminals are a prime example of the importance of terminal construction. These terminals are designed to handle standardized shipping containers, which are the backbone of international trade.

For more insights: https://www.bonafideresearch.com/product/240459684/asia-pacific-port-infrastructure-market

The call to receive mega ships and improvement in the cargo handling efficiency, among other factors, has thrust the port infrastructure market in North America into a point of transformative shift. This will explain why the United States and Canada are championing the cause for port modernization projects while leveraging public-private partnerships to push the wheel of innovation. That, in and of itself, had set a record of some USD 17 billion for coastal and inland ports, waterways, and road ports of entry in the Bipartisan Infrastructure Law and a testament to the region's commitment to strengthening supply chain resilience and fostering long-term economic growth. From the expansion of the Panama Canal to the development of state-of-the-art container terminals, North American ports position themselves to serve as global hubs for international trade. The nature of the port infrastructure market in Europe has taken a turn towards sustainability, efficiency, and technology orientation. Economies like Germany, the United Kingdom, and the Netherlands are spearheading this change by resorting to eco-friendly measures and investing in green technologies to cut down on emissions and limit the impact on the environment as far as possible. Ambitious EU climate objectives, added to its strict regulations, have been a challenge for port authorities to pay more attention to sustainable development, and the effect has trickled down to every sector involved. From automated container terminals to digital port management systems, European ports are increasingly adopting state-of-the-art technologies that make operations smooth and enhance competitiveness.

For more insights: https://www.bonafideresearch.com/product/6404596806/india-port-infrastructure-market

The development of port infrastructures in the Asia-Pacific region, mainly China, India, and Japan, is to tackle challenges thrown up by ever-growing trade volumes in support of growing economies. Major investments in port expansion projects, including the construction of new container terminals and deepening the canals for ships with higher tonnage capacity, are changing the regional landscape. This also finds reflection in the promotion of port infrastructure development by regional governments through initiatives like tax incentives and foreign direct investment policies. The entry of Chinese manufacturers into the global market further accelerated the pace of port infrastructure development with countries like Sri Lanka and Pakistan gaining from the investments made in port projects by the Chinese. With the region continuing to lead most of the international trade, the Asia Pacific port infrastructure market will also continue to remain one of the most prominent markets in the global platform. Though this market is still growing in South America and the Middle East & Africa, it offers considerable scope. Major countries within the regions, such as Brazil and Argentina in South America and the UAE and South Africa in the Middle East & Africa, are investing in projects for port development, keeping in mind some aspects of enhancing their global connectivity and supporting economic diversification. The recent expansion of the Panama Canal brings new trade routes into play, which inherently opens opportunities for South American ports to attract larger vessels with greater cargo volumes. The development of mega-projects-the Jebel Ali Port in Dubai and Lekki Deep Sea Port in Nigeria-is a game-changer for this region and positions the countries as strategic global trade hubs.

For more insights: https://www.bonafideresearch.com/product/6404596809/saudi-arabia-port-infrastructure-market

Considered in this report
• Geography: Global
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Regions & Countries covered in the report:
• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Spain, Italy, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• South America (Brazil, Argentina, Colombia)
• Middle-East & Africa (UAE, Saudi Arabia, South Africa)

Aspects covered in this report
• Global port infrastructure market with its value and forecast along with its segments
• Region & Country-wise advanced lead-acid batteries market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By port type
• Sea
• Inland port

By Infrastructure
• Passenger
• Cargo

By Construction Type
• Terminal
• Equipment
• Others

Contact us:
Steven Thomas - Sales & Marketing Manager
E-mail: sales@bonafideresearch.com
Asia-Pacific: +91 7878231309
Europe: +44 20 8089 0049
North America: +1 201 793 8545
https://www.bonafideresearch.com/

Bonafide Research is the fastest-growing global market research and consulting company, providing syndicated research reports, customized research reports, and consulting services to a range of verticals. Bonafide Research stands out as a contemporary market research company, renowned for its unparalleled resilience and integrated approach. With an extensive database of more than 18000 reports from 60 countries and expertise across 11 diverse industry domains and even assist the companies in spectrum of services, including designing their market assessment, market entry strategies, and consumer behavior analysis etc. Since last 10 years, we have served close to 1000+ clients and it includes fortune 500 companies across the globe. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day. Bonafide Research has a strong base of analysts and consultants from assorted areas of expertise who track the latest economic, demographic, trade, and market data globally and help clients make informed business decisions. They periodically update their market research studies to ensure that their clients get the most recent, relevant, actionable, and valuable information for strategy development and to extract tangible results.

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