Port Infrastructure Used to Ensure Safe and Efficient Economic Activities
Globalization has led to increased focus on international trade activities that has subsequently led to substantial escalation in spending for the development of transport facilities that include roads, railways, waterways, and airports. Among these, port infrastructure market is projected to witness highest gains through the forecast period (2019-2027), primarily owing to increasing proliferation of sea trade and major investments in infrastructural development in emerging economies of Asia Pacific and Middle East. Increase in government investments on Port Infrastructure to ensure safe and efficient economic activities is expected to augment the global port infrastructure market. Moreover, development and importance of shipment of export market for liquefied natural gas through sea transport is expected to donate to the escalation in demand for the market. Besides, many industries rely on sea shipments for importing or exporting goods across the world. That is...