Efficient trade activities promote a country's economic growth. Thus, seaports play an important role in economic activity, particularly in coastal areas. With an increase in the number of passengers travelling by sea and goods transport every year, there is a greater need for appropriate and improved port infrastructure. This scenario is expected to increase demand for the global port infrastructure market.
Government investments in port infrastructure to ensure safe and efficient economic activities are expected to boost the global port infrastructure market. Furthermore, the expansion of the export market for liquefied natural gas via sea transport is expected to contribute to an increase in demand for the market. Furthermore, many industries rely on sea shipments to import or export goods around the world. This is also expected to increase market demand during the forecast period. However, issues such as high capital costs and maintenance are expected to be potential market restraints.
The global port infrastructure market is segmented on the basis of product type, application, and geography. On the basis of product type, the market is classified into sea port, inland port, warm water port, dry port, and others (fishing port and cruise home port). Based on application, the market is bifurcated into passenger application and cargo application. By geography, the market is analyzed across North America, Asia-Pacific, Europe, and LAMEA.
Some of contracting companies in global port infrastructure market includes, ACS Group, Hyundai Engineering, Consolidated Engineering Construction Co, Bechtel, and Danube Ports Network Company. Along with the large number contracting players, industry competition is also characterized by the equipment manufacturers. Some of them include OAO Baltkran, Cargotech, C.V.S. SpA, Demag Cranes, Fantuzzi and Liebherr.
No comments:
Post a Comment