Market Size of Ship Port Infrastructure Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Ship Port Infrastructure Market Analysis
The ship port infrastructure market was valued at USD 160.86 billion and is projected to increase to USD 215.57 billion by the end of the forecast period, registering a CAGR of 5% in revenue growth.
- The COVID-19 pandemic impacted global trade flows at a rapid pace and scale. During the pandemic, access to essential goods and medical items has been secured largely by the ability of the maritime supply chain to adapt quickly. The global economy is recovering from the pandemic, and global trade is witnessing significant growth, which is expected to continue over the forecast period.
- Over the medium term, they were growing trade relations between countries. The primary factor for all trade is the mode of transport and distance; cost-effective transport enhances trade activities with less time, low traffic and congestion, and the ability to carry heavier loads. With this advantage over other modes, Marine trade activities are gaining popularity on a global scale.
- With the growing trade relations with other countries and increased trade volumes, developing countries are touted to be regions for developing new ports to support maritime traffic, which is likely to drive the market over the forecast period.
