Research By Markets adds Market Research Report - Project Insight – Port Construction Projects: Europe
For detailed information: https://www.researchbymarkets.com/report/project-insight-port-construction-projects-europe-355083.html
Port, Port, Europe, Russia,The UK, Poland, Italy, Albania, France, Netherlands, Portugal, Turkey, Sweden
Project Insight – Port Construction Projects: Europe
According to CIC analysis, Europe has the lowest investment of all the regions in port construction, which reflects its position as a mature but slow-growth economic area with developed port facilities. The EU growth rate of 2.4% in 2017 is relatively low compared with the dynamic economic growth of Asia-Pacific. Uncertainty resulting from the Brexit vote in the UK, together with declining global demand for manufactured goods, has dampened economic activity in Europe. Ports for the EU28 countries handled 975 million tonnes of cargo in Q1 2018, down from 978 million tonnes handled in Q4 2017, but up by 2.8% on the cargo handled in Q1 2017. Rotterdam was the leading port in the EU, with 433 million tonnes, followed by Antwerp, with 201 million tonnes in 2017.
Construction Intelligence Center (CIC) is currently tracking port construction projects in Europe with a total value of US$59.7 billion. Of this, US$24.1 billion is in the planning stage and US$22.0 billion is in the execution stage. Russia accounts for the highest value with US$21.2 billion, followed by the UK with projects valuing US$7.0 billion. Poland and Italy follow with port construction projects with values of US$6.4 billion and US$5.1 billion respectively. The highest value project in Europe is the US$7.1 billion Taman Sea Port Terminal Development project in Russia.
– The total pipeline of projects is valued at US$59.7 billion with US$6.3 billion being spent in 2019 and US$10.4 billion in 2020.
– The highest value of projects are at the planning stage with a total value of US$24.1 billion, followed by projects in execution with US$22.0 billion.
– Projects in the pre-execution stage amount to US$7.6 billion, while those at the pre-planning stage total US$6.0 billion.
– Assuming all projects in the current pipeline proceed as planned, spending will reach US$10.4 billion in 2020 and fall to US$4.2 billion in 2023. The highest value of project completions will be in 2022, with a value of US$12.6 billion.
– The top contractors in the region are Dredging International NV based in the Netherlands and Laing O’Rourke based in the UK. The top consulting engineers are Lenmorniiproekt, based in Russia, and Maritime Construction and Technology LLC, headquartered in the US.
– The report provides analysis based on CIC projects showing total project values for Europe 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 Russia, the UK and Poland.
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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