The Marine And Ports Construction Global Market Report 2023, provides comprehensive information on the marine and ports construction market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global marine and ports construction market size is expected to grow from $39.98 billion in 2022 to $42.33 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global marine and ports construction market size is expected to reach $45.74 billion in 2027 at a CAGR of 2.0%.
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Product innovations are a key trend gaining popularity in the marine and port construction market. Companies operating in the marine and port construction market are adopting innovative products to sustain their position in the market. For instance, in March 2020, Teledyne Marine, a US-based manufacturer of unmanned underwater vehicles operating throughout the water column, launched the Teledyne Z-Boat 1800T, an unmanned surface vessel for marine construction and dredging. It is uniquely designed with a high-precision GNSS (global navigation satellite system) heading receiver that is compatible with Trimble Marine Construction (TMC) software, which increases the efficiency of marine construction and real-time monitoring. It is paired with high-accuracy sonar that provides superior data collection.
The marine and ports construction market is segmented:
1) By ort Type: Sea Port, Inland Port, Other Types
2) By Construction Type: Terminal, Equipment, Other Types
3) By Products: Old Port Upgrade, New Port Construct
4) By Application: Dredging, Breakwater Construction, Wharf or Jetty Construction, Docks, Berths, Terminals, Enabling Infrastructure
North America was the largest region in the marine and ports construction market in 2022.
The table of contents in TBRC’s marine and ports construction market report includes:
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