Global Port Infrastructure Market Report and Forecast 2024-2032

Global Port Infrastructure Market Outlook

The global port infrastructure market size reached approximately USD 180.45 billion in 2023. The market is estimated to grow at a CAGR of 4.6% in the forecast period of 2024-2032, reaching a value of around USD 272.82 billion by 2032.

Key Trends in the Market

Port infrastructure is the base of all port operations which consists of docks, harbours, and piers that facilitate maritime shipping and other related activities. A port facility serves as a crucial gateway to international trade between countries as well as offers several economic opportunities for employment and investment.

• Growing expansion of port infrastructure to accommodate large cargo vessels is one of the prominent port infrastructure market trends. Large port infrastructure facilitates the handling of large volumes of goods as well as improves the connectivity between international routes.

• With the rising trend of sustainability in the maritime transport market, several port infrastructures are incorporating environmentally friendly practices such as investing in renewable energy sources for carrying out their operations, replacing diesel-powered equipment with electric ones, and adopting comprehensive waste management strategies.

• Increased deployment of advanced technologies such as AI, automation, and IoT to automate terminal and cargo-related operations, reduce the probability of human errors, and enhance the efficiency of port operations also provide impetus to the port infrastructure market growth.

Market Analysis

Based on port type, the market is bifurcated into sea port and inland port. On the basis of application, the market is classified into passenger and cargo. The port infrastructure market segmentation, on the basis of construction type, includes terminal and equipment, among others. The major regional markets of port infrastructure are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the port infrastructure market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Larsen and Toubro Ltd.

• Adani Ports and Special Economic Zone Limited

• AECOM

• WSP Global Inc.

• Ramboll Group A/S

• A.P. Møller-Mærsk A/S (APM Terminal)

• Man Infraconstruction Ltd.

• Soletanche Freyssinet Group (ForSHORE)

• Essar Ports Ltd.

• IL&FS Engineering & Construction Company Ltd.

• Others

Market Share by Application

Cargo occupies a sizeable portion of the port infrastructure market share, due to the growth of maritime trade-related activities. Sea freight is a more affordable means of goods transportation compared to the airways. Cargo ships consume much less fuel compared to other means of shipment, making them an eco-friendly option for cargo transportation.

Additionally, the passenger segment is expected to witness sizeable growth in the foreseeable future, due to the rise in disposable incomes.

Market Share by Region

As per the port infrastructure market analysis, the Asia Pacific accounts for a substantial share of the global market, owing to factors such as increased trade activities and industrialisation. Growing efforts by the governments of developing economies to improve maritime port facilities also aid the APAC market growth.

Furthermore, the increased construction of new ports across the region to strengthen the maritime trade as well as provide new employment opportunities positively influences the market expansion.

Competitive Landscape

Larsen and Toubro Ltd., established in 1946, is a multinational conglomerate of construction, engineering, manufacturing, and IT, based in Maharashtra, India. It offers its products and services in the building and factories, construction and mining, hydraulics, and heavy engineering, among other sectors.

Adani Ports and Special Economic Zone Limited is a global port and logistics company, founded in 1998 and headquartered in Ahmedabad, India. The company ports are equipped with advanced cargo-handling infrastructure that can manage a diverse range of cargo with ease.

AECOM, incorporated in 1910, is a global infrastructure consulting company, with its headquarters in Texas, the United States. The company offers a comprehensive range of services in architecture and design, construction management, and engineering fields, among others.

Other port infrastructure market players include WSP Global Inc., Ramboll Group A/S, A.P. Møller-Mærsk A/S (APM Terminal), Man Infraconstruction Ltd., Soletanche Freyssinet Group (ForSHORE), Essar Ports Ltd., and IL&FS Engineering & Construction Company Ltd., among others.

Key Highlights of the Report