Marine And Ports Construction Market: Major Trends Reshaping the Future of the Industry

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What Will the Marine And Ports Construction Industry Market Size Be by 2025?
In the past few years, the size of the marine and ports construction market has significantly increased. The market, worth $65.08 billion in 2024, is expected to reach $68.38 billion in 2025, growing at a Compound Annual Growth Rate (CAGR) of 5.1%. The expansion during the historic period was due to the prosperous economic growth in developing markets, growth in maritime trade, modernization and expansion of existing ports, and the rise in global trading activities.

What's the Long-Term Growth Forecast for the Marine And Ports Construction Market Size Through 2029?
Expectations are high for robust growth in the marine and ports construction market size over the coming years. A projection of $88.73 billion by 2029 has been made, which represents a compound annual growth rate (CAGR) of 6.7%. Factors contributing to the anticipated growth in the forecast period include government support through investments, the surge in construction of new ports, growth in tourism, and an expanding population. Key trends for the outlook period encompass the development of zero-carbon port terminals to decrease carbon emissions, expansion of new facilities, the incorporation of novel machines and equipment in port construction, fostering of partnerships and collaborations, and amplified investments for improvement.

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What Are the Key Growth Drivers Fueling the Marine And Ports Construction Market Expansion?
The rising need for maritime commerce is projected to spur the expansion of the marine and port construction industries in the future. Maritime commerce involves the transportation of commodities across international territories between two nations, serving as a cost-effective and efficient means of transporting goods from one country to another. Marine and port constructions, which are maritime facilities situated near water bodies like seas, oceans, and rivers, are employed for loading and unloading cargo and passengers from ships. As such, an increase in maritime trade is anticipated to catalyze the market growth. For instance, a report released by the United Nations Conference on Trade and Development (UNCTAD), a Swiss-based international organization, stated that in October 2022, Asia was the foremost maritime freight region worldwide. Asian ports, both developed and underdeveloped, loaded roughly 4.6 billion metric tons of goods, which contributed to about 42% of the total worldwide port loadings. Furthermore, these ports accommodated roughly 7.1 billion metric tons, which is equivalent to 64% of the total global goods intake in 2021. As a result, this increased demand for maritime trade is predicted to foster the growth of the marine and port construction markets in the coming years.

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Which Emerging Trends Are Transforming the Marine And Ports Construction Market in 2025?
Firms engaged in marine and port construction are concentrating their efforts on the creation of carbon-neutral port terminals to decrease carbon output. A case in point is APM Terminals, a shipping company from the Netherlands, who partnered with DP World, a logistics company based in the UAE, to launch the Zero Emission Port Alliance at COP28 in December 2023. The initiative is designed to speed up the integration of battery-electric container handling equipment (BE-CHE) in ports, with its focus being affordability, accessibility, and interoperability. This includes enhancing production capabilities to bring down costs, reducing expenditure on batteries and charging solutions, equipping terminal operators and grid establishments for the shift, and improving conditions for zero-emission fleets. Through encouraging cooperation within the port ecosystem, the ZEPA aims to make BE-CHE competitive with diesel alternatives within 2-8 years, thereby stimulating considerable decarbonization in the sector.

How Is the Marine And Ports Construction Market Segmented?
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

Subsegments:
1) By Sea Port: Container Terminals, Bulk Cargo Terminals, Passenger Terminals
2) By Inland Port: Intermodal Freight Terminals, River Ports, Rail Or Truck Transfer Facilities
3) By Other Types: Marinas, Fishing Ports, Special-Purpose Ports

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Which Companies Are Leading the Charge in Marine And Ports Construction Market Innovation?
Major companies operating in the marine and ports construction market include 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

Which Regions Are Leading the Global Marine And Ports Construction Market in Revenue?
North America was the largest region in the marine and port construction market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the marine and ports construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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