Overboard: Revenue continues to sink as major mining projects reach completion

The resources boom generated a surge in demand for new port construction and harbour upgrades to facilitate the export of minerals and energy products. Mining firms' investment in export facilities included the dredging of harbours, the erection of jetties, and the construction of terminal and port facilities to expedite the shipping of bulk commodities. However, the completion of the resource-related port developments has contributed to a steep decline in the performance of the Port Construction industry over the past five years. This has accompanied a swing in industry activity towards the expansion of existing general cargo and container cargo capacity close to major metropolitan ports...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 13-18
-32.2%
Forecast Growth 18-23
Profit
Employment
2,010
Businesses
195
Market Share of Companies

Industry Threats & Opportunities

  • Reduced demand from mining has added to a significant decline in port construction activity
  • The completion of large LNG processing and export projects has reduced industry revenue
  • Underlying demand for port infrastructure is forecast to gradually strengthen
  • Industry Report - Industry Products Chapter

    The port construction process has many stages, including design, procurement, construction and project management. Industry products can be segmented based on the type of goods the ports are designed to service. Cargo type dictates the infrastructure requirements for the terminal and docking facilities within the port. The industry also undertakes dredging on behalf of ports and their stakeholders, which increases port capacity.Bulk portsBulk ports are designed to handle bulk products such as coal and iron ore. Ports in this segment include Cape Lambert in Western Australia, which is the largest iron ore port in Australia; and the Port of Gladstone in Queensland. Min...purchase to read more.

    Additional Insights for the Port Construction Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Port Construction Industry are

  • Ability to compete on tender
  • Ability to change which market the firm operates in
  • Ability to effectively communicate and negotiate
  • IBISWorld analysts also discuss how external factors such as Actual capital expenditure on mining and Total mass of exports by sea in the Port Construction industry impact industry performance..

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    What's in this report

    What is the Port Construction Industry?

    Companies in the Port Construction industry construct, refurbish and alter ports and port amenities, including terminal infrastructure. Repair and maintenance activities are excluded from the industry.

    Industry Products
  • Container ports
  • Bulk ports
  • General cargo
  • Specialised port facilities
  • LNG port facilities
  • Dredging
  • Industry Activities
  • Dredging
  • Container terminal construction
  • Liquefied natural gas (LNG) jetty construction
  • Bulk cargo terminal construction
  • General cargo terminal construction
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Actual capital expenditure on mining
  • Total mass of exports by sea
  • Demand from mining
  • year bond rate
  • Domestic price of concrete, cement and sand

  • Current Performance
  • Industry participation and profitability
  • Supply lags
  • Critical mass
  • Capital city growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and participation growth
  • City ports
  • Profitability deteriorates
  • Table: Port Construction Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Port Construction Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining
  • Port Operators

  • Key Selling Industries
  • Construction
  • Finance
  • Gravel and Sand Quarrying
  • Machinery and Scaffolding Rental
  • Rock, Limestone and Clay Mining
  • Surveying and Mapping Services
  • Transport Equipment and Large Vehicle Rental

  • Products & Services
  • Bulk ports
  • Container ports
  • Dredging
  • General cargo
  • Specialised port facilities
  • LNG port facilities
  • Chart: Port Construction Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • State port authorities
  • Private owners and operators
  • Terminal operators
  • Chart: Major Market Segmentation for the Port Construction Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Port Construction

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Port Construction Industry

  • Industry Globalization
    Aveng Australia Holdings Pty Ltd, Clough Limited,
  • Table: Aveng Australia Holdings Pty Ltd - financial performance
  • Table: Clough Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Port Construction Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Port Construction Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Bulk Cargo
  • Commodity cargo that is transported unpackaged in large quantities in custom-built containers. This is normally homogeneous cargo, i.e. coal or grain.
  • Dry Hire
  • The hire or lease of plant and machinery without an operator. Dry hire can be paid on an hourly, daily or weekly basis.
  • General Cargo
  • Cargo that is too heavy or large for shipping containers, such as structural steel components.
  • Public-Private Partnership (Ppp)
  • A contractual agreement between a public agency and private company to share skills, assets and financial resources to deliver a facility for public use.
  • Throughput
  • The volume of a certain amount of cargo transported through a port.
  • Wet Hire
  • The hire or lease of plant and machinery with a suitably qualified operator working under the direction of the prime contractor. Wet hire can be paid on an hourly, daily or weekly basis.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Port Construction market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Port Construction:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Port Construction market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Port Construction, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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