Product Code: GVR-4-68040-529-1
Marine Construction Market Growth & Trends:
The global marine construction market is anticipated to reach USD 83.70 billion by 2030 and is anticipated to expand at a CAGR of 5.2% during the forecast period, according to a new report by Grand View Research, Inc. The increasing demand for maritime infrastructure development is a key driver of the marine construction market. With the expansion of global trade and the rising need for efficient transportation networks, governments and private entities are investing heavily in the construction of ports, harbours, and terminals. The growing importance of coastal and inland waterways as vital trade routes has further propelled the need for dredging operations, dock expansions, and shipyard developments. Additionally, the modernization of existing marine infrastructure to accommodate larger vessels and enhance operational efficiency is contributing to market growth.
The rising focus on offshore energy projects is another significant factor driving the marine construction industry. The expansion of offshore oil and gas exploration, along with the increasing deployment of offshore wind farms, has led to a surge in demand for specialized marine construction services. Governments worldwide are investing in renewable energy infrastructure, particularly in offshore wind farms, to meet sustainability targets and reduce dependence on fossil fuels. This trend has resulted in the construction of subsea pipelines, offshore platforms, and transmission cables, further fueling market expansion.
Technological advancements in marine construction techniques and materials have also played a crucial role in market growth. The adoption of advanced dredging equipment, underwater construction robotics, and sustainable building materials has enhanced project efficiency, safety, and environmental compliance. The development of eco-friendly construction techniques, such as the use of geotextiles and artificial reefs, has facilitated coastal protection and erosion control initiatives. These innovations not only improve the durability and resilience of marine structures but also support environmental conservation efforts.
Furthermore, increasing concerns about climate change and coastal resilience are driving investments in marine construction projects aimed at mitigating the impact of rising sea levels and extreme weather events. Governments and municipalities are prioritizing the construction of seawalls, breakwaters, and flood barriers to protect coastal communities and critical infrastructure. The growing emphasis on sustainable coastal development, coupled with the need for resilient maritime structures, is expected to further propel the marine construction market in the coming years.
Marine Construction Market Report Highlights:
- The concrete segment dominated the market and accounted for the largest revenue share of 35.31% in 2024. The growing demand for coastal development and the expansion of ports and harbors, particularly in emerging economies, has significantly increased the need for concrete in marine construction.
- Asia Pacific dominated the market and accounted for the largest revenue share of 42.6% in 2024, driven by rise in maritime trade and shipping activities in the Asia Pacific region. The region is home to some of the busiest shipping lanes in the world, and the continuous growth in trade volumes is prompting the development of larger, more sophisticated ports and terminals.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2024 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Marine Construction Market Variables, Trends & Scope
- 3.1. Market Lineage/Ancillary Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.3. Regulatory Framework
- 3.3.1. Analyst Perspective
- 3.3.2. Regulations & Standards
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Opportunities
- 3.4.4. Industry Challenges
- 3.5. Business Environmental Tools Analysis: Marine Construction Market
- 3.5.1. Porter's Five Forces Analysis
- 3.5.1.1. Bargaining Power of Suppliers
- 3.5.1.2. Bargaining Power of Buyers
- 3.5.1.3. Threat of Substitution
- 3.5.1.4. Threat of New Entrants
- 3.5.1.5. Competitive Rivalry
- 3.5.2. PESTLE Analysis
- 3.5.2.1. Political Landscape
- 3.5.2.2. Economic Landscape
- 3.5.2.3. Social Landscape
- 3.5.2.4. Technology Landscape
- 3.5.2.5. Environmental Landscape
- 3.5.2.6. Legal Landscape
- 3.6. Market Disruption Analysis
Chapter 4. Marine Construction Market: Material Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Material Movement Analysis & Market Share, 2024 & 2030
- 4.3. Global Marine Construction Market By Material, 2018 - 2030 (USD Million)
- 4.4. Steel
- 4.4.1. Marine Construction Market Estimates And Forecasts, by Steel, 2018-2030 (USD Million)
- 4.5. Concrete
- 4.5.1. Marine Construction Market Estimates And Forecasts, by Concrete, 2018 - 2030 (USD Million)
- 4.6. Wood
- 4.6.1. Marine Construction Market Estimates And Forecasts, by Wood, 2018 - 2030 (USD Million)
- 4.7. Composite
- 4.7.1. Marine Construction Market Estimates And Forecasts, by Composite, 2018 - 2030 (USD Million)
- 4.8. Other Materials
- 4.8.1. Marine Construction Market Estimates And Forecasts, by Other Materials, 2018 - 2030 (USD Million)
Chapter 5. Marine Construction Market: Regional Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Regional Market Share Analysis, 2024 & 2030
- 5.3. North America
- 5.3.1. North America Marine Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.2. North America Marine Construction Market Estimates And Forecasts, By Material, 2018 - 2030 (USD Million)
- 5.3.3. U.S.
- 5.3.3.1. U.S. Marine Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.3.2. U.S. Marine Construction Market Estimates And Forecasts, By Material, 2018 - 2030 (USD Million)
- 5.3.4. Canada
- 5.3.4.1. Canada Marine Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.4.2. Canada Marine Construction Market Estimates And Forecasts, By Material, 2018 - 2030 (USD Million)
- 5.3.5. Mexico
- 5.3.5.1. Mexico Marine Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.5.2. Mexico Marine Construction Market Estimates And Forecasts, By Material, 2018 - 2030 (USD Million)
- 5.4. Europe
- 5.4.1. Europe Marine Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.4.2. Europe Marine Construction Market Estimates And Forecasts, By Material, 2018 - 2030 (USD Million)
- 5.4.3. Germany
- 5.4.3.1. Germany Marine Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.4.3.2. Germany Marine Construction Market Estimates And Forecasts, By Material, 2018 - 2030 (USD Million)
- 5.4.4. UK
- 5.4.4.1. UK Marine Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.4.4.2. UK Marine Construction Market Estimates And Forecasts, By Material, 2018 - 2030 (USD Million)
- 5.4.5. France
- 5.4.5.1. France Marine Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.4.5.2. France Marine Construction Market Estimates And Forecasts, By Material, 2018 - 2030 (USD Million)
- 5.4.6. Italy
- 5.4.6.1. Italy Marine Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.4.6.2. Italy Marine Construction Market Estimates And Forecasts, By Material, 2018 - 2030 (USD Million)
- 5.4.7. Spain
- 5.4.7.1. Spain Marine Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.4.7.2. Spain Marine Construction Market Estimates And Forecasts, By Material, 2018 - 2030 (USD Million)
- 5.5. Asia Pacific
- 5.5.1. Asia Pacific Marine Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.5.2. Asia Pacific Marine Construction Market Estimates And Forecasts, By Material, 2018 - 2030 (USD Million)
- 5.5.3. China
- 5.5.3.1. China Marine Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.5.3.2. China Marine Construction Market Estimates And Forecasts, By Material, 2018 - 2030 (USD Million)
- 5.5.4. India
- 5.5.4.1. India Marine Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.5.4.2. India Marine Construction Market Estimates And Forecasts, By Material, 2018 - 2030 (USD Million)
- 5.5.5. Japan
- 5.5.5.1. Japan Marine Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.5.5.2. Japan Marine Construction Market Estimates And Forecasts, By Material, 2018 - 2030 (USD Million)
- 5.5.6. South Korea
- 5.5.6.1. South Korea Marine Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.5.6.2. South Korea Marine Construction Market Estimates And Forecasts, By Material, 2018 - 2030 (USD Million)
- 5.6. Central & South America
- 5.6.1. Central & South America Marine Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.6.2. Central & South America Marine Construction Market Estimates And Forecasts, By Material, 2018 - 2030 (USD Million)
- 5.7. Middle East & Africa
- 5.7.1. Middle East & Africa Marine Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.7.2. Middle East & Africa Marine Construction Market Estimates And Forecasts, By Material, 2018 - 2030 (USD Million)
Chapter 6. Supplier Intelligence
- 6.1. Kraljic Matrix
- 6.2. Engagement Model
- 6.3. Negotiation Strategies
- 6.4. Sourcing Best Practices
- 6.5. Vendor Selection Criteria
Chapter 7. Competitive Landscape
- 7.1. Key Players, their Recent Developments, and their Impact on Industry
- 7.2. Competition Categorization
- 7.3. Company Market Position Analysis
- 7.4. Company Heat Map Analysis
- 7.5. Strategy Mapping, 2024
- 7.6. Company Listing
- 7.6.1. China State Construction Engineering Construction
- 7.6.1.1. Company Overview
- 7.6.1.2. Financial Performance
- 7.6.1.3. Material Benchmarking
- 7.6.1.4. Strategic Initiatives
- 7.6.2. Hyundai Engineering and Construction
- 7.6.2.1. Company Overview
- 7.6.2.2. Financial Performance
- 7.6.2.3. Material Benchmarking
- 7.6.2.4. Strategic Initiatives
- 7.6.3. Strabag
- 7.6.3.1. Company Overview
- 7.6.3.2. Financial Performance
- 7.6.3.3. Material Benchmarking
- 7.6.3.4. Strategic Initiatives
- 7.6.4. DEME
- 7.6.4.1. Company Overview
- 7.6.4.2. Financial Performance
- 7.6.4.3. Material Benchmarking
- 7.6.4.4. Strategic Initiatives
- 7.6.5. Ningbo Zhoushan Port
- 7.6.5.1. Company Overview
- 7.6.5.2. Financial Performance
- 7.6.5.3. Material Benchmarking
- 7.6.5.4. Strategic Initiatives
- 7.6.6. Boskalis
- 7.6.6.1. Company Overview
- 7.6.6.2. Financial Performance
- 7.6.6.3. Material Benchmarking
- 7.6.6.4. Strategic Initiatives
- 7.6.7. Bechtel
- 7.6.7.1. Company Overview
- 7.6.7.2. Financial Performance
- 7.6.7.3. Material Benchmarking
- 7.6.7.4. Strategic Initiatives
- 7.6.8. McCarthy Building
- 7.6.8.1. Company Overview
- 7.6.8.2. Financial Performance
- 7.6.8.3. Material Benchmarking
- 7.6.8.4. Strategic Initiatives
- 7.6.9. China Merchants
- 7.6.9.1. Company Overview
- 7.6.9.2. Financial Performance
- 7.6.9.3. Material Benchmarking
- 7.6.9.4. Strategic Initiatives