Research By Markets adds Market Research Report - Project Insight – Port Construction Projects: Asia-Pacific
For detailed information: https://www.researchbymarkets.com/report/project-insight-port-construction-projects-asia-pacific-355084.html
Port, Ports, Asia-Pacific, India, Malaysia, Australia, Bangladesh, Indonesia, Philippines, China, Thailand, Vietnam, New Zealand
Project Insight – Port Construction Projects: Asia-Pacific
The rapid pace of economic expansion in Asia-Pacific – with China, India and Vietnam among the fastest growers – registered over 6.5% annual GDP growth in 2018, which highlights the region as a major global trading area. The region includes nine of the world’s top ten ports by twenty-foot equivalent unit (TEU) volume handled. Shanghai leads in both the region and globally, with a volume of 40.2 million TEU in 2017, followed by Singapore with 33.7 million TEU. Recently, China has not invested as much in ports as its neighbors, as there is overcapacity in its existing port facilities. Unused port capacity in China is expected to double by 2030, due to the consolidation of shipping and reduced port trade.
Construction Intelligence Center (CIC) is currently tracking port construction projects in Asia-Pacific with a total value of US$199.4 billion. Of this, US$81.2 billion is in the planning stage and US$64.3 billion is in the execution stage. India accounts for the highest value with US$39.4 billion, followed by Malaysia with projects valuing US$26.2 billion. Australia and Bangladesh follow with port construction projects with a value of US$24.6 billion and US$24.5 billion respectively. The highest value port project is the US$22.8 billion Carey Island Port Klang Extension in Malaysia, which is due to be completed in 2025.
– The total pipeline of projects is valued at US$199.4 billion with US$20.5 billion being spent in 2019 and US$35.6 billion in 2020 and 2021.
– The highest value of projects are at the planning stage with a total value of US$81.3 billion, followed by projects in execution with US$64.3 billion.
– Projects that are in the pre-planning stage total US$37.7 billion, while those in the pre-execution stage have a value of US$16.1 billion.
– Assuming all projects in the current pipeline proceed as planned, spending will reach US$35.6 billion in 2021 and fall to US$19.8 billion in 2023. The highest value of project completions will be in 2023, with a value of US$46.7 billion.
– The top contractors in the region are EEI Corporation and F.F Cruz Co Inc., both based in the Philippines. The top consulting engineers are Aurecon Group Pty Ltd, based in Australia, and Mott MacDonald Group Ltd, based in the UK.
– The report provides analysis based on CIC projects showing total project values for Asia-Pacific and analysis by stage and funding for the top ten countries.
– The top 50 projects are listed for the region giving country, stage, value of port construction. Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers and project owners. Country profiles are provided for the top 10 countries including India, Malaysia and Australia.
Reasons to buy
– Gain insight into the development of the port construction sector.
– Assess all major projects by value, start date, scope and stage of development for the region and top 10 countries to support business development activities.
– Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.
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