Port Infrastructure Market

Port Infrastructure Market - Global
Industry Insights, Trends, Outlook,
2016–2024
Geopolitical issues existing in South Asia is projected to drive the port
infrastructure market
Major economies in South Asia such as China, Japan, and India are increasingly
investing in facilities to increase their influence in the Indian Ocean and gain access to
resources and potential high growth markets in Middle East and Central Asia. For
instance, development program of Sagar Mala project in India and deep sea Angola
port in China will present potential growth platform for port infrastructure market in the
region.
However, presence of outdated and frequently congested docks in countries such as
India, Pakistan, Myanmar, and Bangladesh has in turn led to increased trade activities
in advanced shipping facilities of China and Japan. Increasing competition among
countries with large coastlines, especially in Asia Pacific, to establish regional
superiority is expected to create a highly lucrative growth environment for the global port
infrastructure market.
Energy and container ports construction are expected to attract large demands
though the forecast period
International trade was largely influenced by exponential rise in demand for container
shipping, over the last 50 years, specifically owing to the streamlining of processes and
reduction in costs achieved through standardized container shipments. This has led to
unprecedented investment in construction of container hubs and upgrading of
containerized cargo. Moreover, large scale projects for fuel handling, such as Saldanha
Bay (South Africa) and new oil terminals in Mombasa (Kenya), are expected to find
large demands with focus on specific fuel handling that includes oil, gas or coal.
According to International Energy Outlook, by U.S. Department of Energy, global
consumption of natural gas is projected to reach 203 trillion cubic feet (tcf) by 2040, an
increase of around 70% in comparison to 2012 stats. Growing requirement for fuels,
prominently in emerging economies such as China, India, Mexico and Indonesia, will
provide solid growth platform through the forecast period.
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Effective waste management is a major challenge for players in the port
infrastructure market
Vibrations and noise generated by cargo operations has an adverse effect on the
people and the flora and fauna in the vicinity. Moreover, large volumes of waste are
generated that include dredged materials, oily mixtures and garbage discharged from
ships, and other solid and liquid wastes. These usually end up disposed of in the nearby
area or sea, in turn polluting the environment. Requirement to reduce the environment
impacts have led to several initiatives such as Clean Air Act Advisory Committee in the
U.S. and Port of the Future agenda by European Commission. Growing concerns
regarding the environmental impacts and requirement to set up efficient waste
management is expected to present major growth challenge.
Construction of these facilities requires large space and workforce to build and manage
smooth operations. This in turn leads to Socio cultural impacts that include village
relocation and formation of slums in the vicinity that can negatively impact the growth
prospects. However, owing to these factors, Greenfield project development will draw
considerable attraction for port infrastructure market owing to lack of imposed
constraints prior to projects. The concept elucidates construction on unused lands, to
reduce the expenses on remodeling and demolishing of an existing structure.
Improving economic conditions in Latin America will help the participants gain
strong foothold in the industry
According to Port Technology International journal in November 2014, an estimated
total of US$ 28.7 billion investment were to be made in Brazil, Peru, Chile, and
Colombia for port infrastructure.market. Growing investments in Latin America to
improve transportation, strengthen the commodity exports and fulfill the local consumer
demands will present significant growth opportunity over the forecast period. The region
is characterized by the presence of 92 anchorages and 15 terminals, a significant
number of which need to be upgraded. This creates a high growth prospect for the port
infrastructure market in the region.
Majority of the big-budget construction projects are lined up by the Gulf Cooperation
Council (GCC) for annexation of shipping activities in the region. For instance, Fujairah
Oil Terminal, Khalifa Port and Industrial Zone (Abu Dhabi), Boubyan Island (Kuwait),
and Sohar Industrial Port (Oman) are few of the major projects. GCC is likely to remain
the key focus of port infrastructure market.
Some of contracting companies include 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.
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Port Infrastructure Market Taxonomy
On the basis of infrastructure project, the global port infrastructure market is classified
into:
● Container
● Energy
● Breakbulk
● Roll-on/roll-off ports (ro-ro ports)
On the basis of facility type, the global port infrastructure market is classified into:
● Deepwater seaport
● Seaport
● River port
● Harbor
● Pier, Jetty or wharf
● Port terminal
● Off shore terminal
● Canal
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Port Infrastructure Market report categorizes global market on the basis of infrastructure project, and facility type - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

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