Image

Global Dredging Market – Industry Trends and Forecast to 2029

ICT

Image

Global Dredging Market – Industry Trends and Forecast to 2029

  • ICT
  • Upcoming Report
  • Oct 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Dredging Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 10.33 Billion
Diagram Market Size (Forecast Year) USD 12.73 Billion
Diagram CAGR %

Major Markets Players

  • Royal Boskalis Westminster
  • DEME
  • Jan De Nul
  • PentaOcean Construction Co
  • TOA Corporation

Global Dredging Market, By Type (Dipper, Water Injection, Pneumatic, Bed Leveler, Others), Application (Trade Activity, Trade Maintenance, Energy Infrastructure, Urban Development, Coastal Protection, Leisure), Customer (Government, O&G Companies, Mining Companies, Renewables, Others) – Industry Trends and Forecast to 2029.

Dredging Market

Dredging Market Analysis and Size

Dredging industry is mainly driven by water-born trade. The sea borne trades account for bulk of world’s trades and are largely impacted by the economic development of the particular region. Dredging initiatives have increased due to increased attention being paid to the tourism industry's enhancements. For instance, in Louisiana master plan, the rising investments up to USD 50 billion have been raised, which will further boost the market's growth owing to the demand for dredging services.

Global dredging market was valued at USD 10.33 billion in 2021 and is expected to reach USD 12.73 billion by 2029, registering a CAGR of 2.65% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Dredging Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Dipper, Water Injection, Pneumatic, Bed Leveler, Others), Application (Trade Activity, Trade Maintenance, Energy Infrastructure, Urban Development, Coastal Protection, Leisure), Customer (Government, O&G Companies, Mining Companies, Renewables, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Royal Boskalis Westminster N.V. (Netherlands), DEME. (Belgium), Jan De Nul (Belgium), Penta-Ocean Construction Co. Ltd. (Japan), TOA Corporation. (Japan), CHINA HARBOUR ENGINEERING CO. LTD (China), NMDC Limited. (India), HYUNDAI E&C. (South Korea), Van Oord (Netherlands), Weeks Marine, Inc. (U.S.), NMDC. (United Arab Emirates), Dock Labs AG (U.S.), VOSTA LMG B.V. (Germany), Royal IHC (Netherlands), CASHMAN DREDGING, INC. (U.S.), Manson Construction Co. (U.S.), TAMS Group Pty Ltd (Australia), JT Cleary, Inc. (U.S.), Callan Marine Ltd (U.S.)

Market Opportunities

  • Adoption of advanced technologies across the globe
  • Rising construction activities

Market Definition

Dredging is an excavation procedure generally done partially underwater, in shallow water locations to collect bottom sediments and dispose of them at the new sites. It collects sediments from natural resources and transfers them into the vessels. It is usually achieved to maintain rivers and ports passable and secure the big construction of the ports.

Global Dredging Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Accelerating urbanization across the globe

The rising urbanization and the prevalence of market players demanding raw materials supplies have been driving the growth of the market over the forecasted period. The rising demands of supply of raw materials across the globe have led to an increase in trading activities. They have ultimately led to the rise in the growth of the market over the forecasted period. Moreover, the rising urbanization and constructional activities have also led to the growth of the dredging market.

Opportunities

  • Increased investments

The growing investment in environmentally friendly and sustainable technologies further offers numerous growth opportunities to the dredging market. Additionally, the rising need for sedimentation-preserving activities and the adoption of advanced technologies for such activities is also boosting the market's growth. The rising construction of ports and waterways are also the factors creating significant lucrative growth opportunities for the market over the forecasted period.

Restraints/Challenges

  • High costs

The high costs and the investment costs required for the initial setup and maintenance of the systems are further expected to obstruct market growth over the forecast period.

This dredging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the dredging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Covid-19 Impact on Dredging Market

The coronavirus drastically changed the growth patterns of the dredging market amidst pandemic. Manufacturers faced significant difficulties since the trading and related operations were postponed or cancelled due to the restrictions imposed by the government on the market players. The financial crisis and a lack of raw materials and manpower exacerbated the situation for providers. Although the market’s growth is on the rise after the upliftment of the restrictions imposed during pandemic. Dredge activities are speeding up as end-use sectors such as commerce, energy infrastructure, urban development, coastal protection, leisure, and others get back on track, resulting in a steadily growing need for dredging material management.

Recent developments

  • In 2022, the dredging corporation of India, a government-owned dredging company, announced plans to repay vendor debts by June 2022 to improve its financial position. These enhancements will help the firm to boost cash flow in the next two to three quarters.

Global Dredging Market Scope

The dredging market is segmented on the basis of type, application and customer. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Dipper
  • Water Injection
  • Pneumatic
  • Bed Leveler
  • Others

Application

  • Trade Activity
  • Trade Maintenance
  • Energy Infrastructure
  • Urban Development
  • Coastal Protection
  • Leisure

Customer

  • Government
  • O&G Companies
  • Mining Companies
  • Renewables
  • Others

Dredging Market Regional Analysis/Insights

The dredging market is analyzed and market size insights and trends are provided by type, application and customer as referenced above.

The countries covered in the dredging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the dredging market because of the increase in the oil and gas production and consumption along with the prevalence of various market players within the region.

North America is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising investments in the research and development activities within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Dredging Market Share Analysis

The dredging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to dredging market.

Some of the major players operating in the dredging market are

  • Royal Boskalis Westminster N.V. (Netherlands)
  • DEME. (Belgium)
  • Jan De Nul (Belgium)
  • Penta-Ocean Construction Co. Ltd. (Japan)
  • TOA Corporation. (Japan)
  • CHINA HARBOUR ENGINEERING CO. LTD (China)
  • NMDC Limited. (India)
  • HYUNDAI E&C. (South Korea)
  • Van Oord (Netherlands)
  • Weeks Marine, Inc. (U.S.)
  • NMDC. (UAE)
  • Dock Labs AG (U.S.)
  • VOSTA LMG B.V. (Germany)
  • Royal IHC (Netherlands)
  • CASHMAN DREDGING, INC. (U.S.)
  • Manson Construction Co. (U.S.)
  • TAMS Group Pty Ltd (Australia)
  • JT Cleary, Inc. (U.S.)
  • Callan Marine Ltd (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

FREQUENTLY ASK QUESTIONS

The dredging market size will be worth USD 12.73 billion by 2029.
The growth rate of the dredging market is 2.65% in the forecasted period by 2029.
Major companies in the dredging market are Royal Boskalis Westminster N.V. (Netherlands), DEME. (Belgium), Jan De Nul (Belgium), Penta-Ocean Construction Co. Ltd. (Japan), TOA Corporation. (Japan), CHINA HARBOUR ENGINEERING CO. LTD (China), NMDC Limited. (India), HYUNDAI E&C. (South Korea), etc.
Type, application, and customer are the factors on which the dredging market research is based.
The rising urbanization and the rising prevalence of the market players demanding raw materials supplies are the growth drivers of the dredging market.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials