The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increase in demand for maritime trade is likely to spur innovation in marine and port construction production, propelling the market throughout the forecast period.

The global marine and ports construction market 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 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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Global Marine And Ports Construction Market Segments Include:

• By Port Type: Sea Port, Inland Port, Other Types
• By Construction Type: Terminal, Equipment, Other Types
• By Products: Old Port Upgrade, New Port Construct
• By Application: Dredging, Breakwater Construction, Wharf or Jetty Construction, Docks, Berths, Terminals, Enabling Infrastructure
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global marine and ports construction market in 2021.

Major Market Players in the marine and ports construction market include A.P. Moller – Maersk, DP World Limited, Ningbo Zhoushan Port Company Limited, Shanghai International Port Co. Ltd., Tianjin Port Development Holdings Ltd.

Product innovation is a crucial trend that is gaining traction in the marine and port construction markets. Companies in the maritime and port construction markets are implementing innovative goods to maintain their market position. Teledyne maritime, a US-based maker of unmanned undersea vehicles that operate across the water column, for example, released the Teledyne Z-Boat 1800T, an unmanned surface vessel for maritime construction and dredging, in March 2020. It is one-of-a-kind in that it has a high-precision GNSS (global navigation satellite system) heading receiver that is compatible with Trimble Marine Construction (TMC) software, which improves the efficiency of marine construction and real-time monitoring. It is used with high-accuracy sonar for enhanced data collecting.

The Marine And Ports Construction Global Market Report 2023  provides a marine and ports construction market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The marine and ports construction market forecast analyzes marine and ports construction market size, marine and ports construction market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The construction of structures near bodies of water, such as oceans, rivers, ports, and harbours, is referred to as marine and port construction. This includes building piers, wharves and seawalls for loading and unloading freight and passengers from ships.

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