Dredging Global Market Report 2024

Description

Dredging Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on dredging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for dredging? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The dredging market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Dipper; Water Injection; Pneumatic; Bed Leveler; Other Types
2) By Application: Trade Activity; Trade Maintenance; Energy Infrastructure; Urban Development; Coastal Protection; Leisure
3) By End User: Oil And Gas Companies; Mining Companies; Renewables; Other End Users
Companies Mentioned: Royal Boskalis Westminster NV; Van Oord NV; Dredging Environmental and Marine Engineering NV; Jan De Nul NV; Great Lakes Dredge & Dock Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Dredging is the process of removing debris and sediment from the bottoms of rivers, shallow seas, harbors, lakes, and other bodies of water. The collected debris and sediment are then disposed of at different locations, requiring periodic dredging to maintain water bodies.

The primary methods of dredging include dipper, water injection, pneumatic, bed leveler, and others. Dipper dredging involves excavating material from the water bottom using a bucket or dipper. This dredging method finds applications in various sectors, including trade activity, trade maintenance, energy infrastructure, urban development, coastal protection, and leisure. Different end-users, such as oil and gas companies, mining companies, renewable energy companies, and others, utilize dipper dredging for their specific needs.

The dredging market research report is one of a series of new reports from The Business Research Company that provides dredging market statistics, including the dredging industry's global market size, regional shares, competitors with a dredging market share, detailed dredging market segments, market trends and opportunities, and any further data you may need to thrive in the dredging industry. This dredging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The dredging market size has grown steadily in recent years. It will grow from $12.49 billion in 2023 to $12.96 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The growth observed in the historical period can be attributed to factors such as early port development, coastal protection initiatives, canal construction, mining and material extraction activities, and river and waterway maintenance projects.

The dredging market size is expected to see steady growth in the next few years. It will grow to $15.18 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%. The anticipated growth in the forecast period can be attributed to government infrastructure spending, investments in tourism and recreation, remediation and waste management initiatives, expansion of trade routes, and participation in global infrastructure projects. Major trends in the forecast period encompass port expansion and maintenance, coastal protection and climate change mitigation efforts, infrastructure development projects, and initiatives related to river restoration and flood management.

The dredging market is poised for growth, primarily propelled by the escalating trend of increasing sea-borne trade. Seaborne trade, involving the transportation of goods through navigable water routes and ports, benefits significantly from dredging activities. Dredging plays a crucial role in expanding existing ports, maintaining waterways, and constructing new ports. The United Nations Conference on Trade and Development (UNCTAD) reported that Asian ports received a substantial 7.1 billion tons of commodities in 2021, accounting for 64% of global discharge. This substantial contribution underscores the pivotal role of dredging in facilitating the growth of sea-borne trade and subsequently driving the dredging market.

The dredging market is set for robust growth due to the increasing demand in the oil and gas industries. As these industries engage in exploration, extraction, refining, and transportation activities, there is a growing need for dredging services. Dredging proves vital in maintaining navigable waterways, constructing and managing offshore infrastructure, and ensuring efficient transportation of goods. With the U.S. Energy Information Administration projecting an increase in crude oil output to 12.4 million b/d in 2023 and a record-high natural gas consumption of 86.6 Bcf/d in 2022, the expanding activities in the oil and gas sector contribute significantly to the burgeoning demand in the dredging market.

Product innovation emerges as a key trend in the dredging market, with major companies prioritizing the development of cutting-edge solutions to fortify their market positions. Damen Shipyards, a notable player, introduced a new Trailing Suction Hopper Dredger (TSHD) series, ranging from 800 m³ to 5,000 m³. This series is distinguished by its operational efficiency, ease of maintenance, and customization options tailored to specific dredging operations. Innovative product offerings such as these showcase the industry's commitment to advancing technology and addressing the evolving needs of dredging operations.

Major companies in the dredging market are strategically concentrating on product launches, with a specific focus on dredging pumps to drive market revenues. Dredging pumps, specialized for removing sediments, debris, and materials from bodies of water, play a critical role in dredging operations. Jiangsu River Heavy Industry Co. Ltd., a China-based company, recently launched a dredging pump equipped with innovative technology. The pump, designed with wear-resistant parts and an efficient impeller, facilitates faster and easier operations in areas with varying water depths. The straightforward setup ensures quick maintenance, minimizing downtime for repairs or replacements compared to other models, thereby positioning dredging pumps as key contributors to market growth.

In January 2021, Encore Dredging Partners, a specialized US-based firm offering dredging and marine infrastructure services, successfully completed the acquisition of Inland Dredging Company, LLC, for an undisclosed sum. This strategic move positions Encore as a growth-oriented platform, well-positioned for the continued expansion of its dredging and marine infrastructure services across the United States. Inland Dredging Company, LLC is a recognized US-based entity specializing in dredging services.

Major companies operating in the dredging market report are Royal Boskalis Westminster NV, Van Oord NV, Dredging Environmental and Marine Engineering NV, Jan De Nul NV, Great Lakes Dredge & Dock Corporation, National Marine Dredging Company, Hyundai Engineering and Construction Co. Ltd., Penta-Ocean Construction Co. Ltd., TOA Corporation, Weeks Marine Inc., Harbour Engineering Company Ltd., Cottrell Contracting Corporation, Amrut Dredging and Shipping Ltd., Cashman Dredging Inc., Callan Marine Ltd., China Communications Construction Company Limited, China Harbour Engineering Company Ltd., Manson Construction Co., Orion Marine Group, CCCC Dredging Company Ltd., Gulf Cobla LLC, J.F. Brennan Company Inc., Dredging Corporation of India Limited, Boskalis Westminster LLC, Great Lakes Dock and Materials LLC, Royal IHC, Dredging International NV, Dredging and Maritime Management SA, Heinrich Hirdes GmbH, International Seaport Dredging Private Ltd., Irish Dredging Company Ltd., Middle East Dredging Company, Mijnster Zand- en Grinthandel BV, Mordraga LLC, and Royal Smals BV.

Asia-Pacific was the largest region in the dredging market share in 2023. The regions covered in the dredging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the dredging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The dredging market includes revenues earned by entities through dredging services such as capital dredging, maintenance dredging, and inland water dredging. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12646

1. Executive Summary

2. Dredging Market Characteristics

3. Dredging Market Trends And Strategies

4. Dredging Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Dredging Market Size and Growth

5.1. Global Dredging Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Dredging Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Dredging Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Dredging Market Segmentation

6.1. Global Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Dipper
Water Injection
Pneumatic
Bed Leveler
Other Types
6.2. Global Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Trade Activity
Trade Maintenance
Energy Infrastructure
Urban Development
Coastal Protection
Leisure
6.3. Global Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Oil And Gas Companies
Mining Companies
Renewables
Other End Users

7. Dredging Market Regional And Country Analysis

7.1. Global Dredging Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Dredging Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Dredging Market

8.1. Asia-Pacific Dredging Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Dredging Market

9.1. China Dredging Market Overview
9.2. China Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Dredging Market

10.1. India Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Dredging Market

11.1. Japan Dredging Market Overview
11.2. Japan Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Dredging Market

12.1. Australia Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Dredging Market

13.1. Indonesia Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Dredging Market

14.1. South Korea Dredging Market Overview
14.2. South Korea Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Dredging Market

15.1. Western Europe Dredging Market Overview
15.2. Western Europe Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Dredging Market

16.1. UK Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Dredging Market

17.1. Germany Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Dredging Market

18.1. France Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Dredging Market

19.1. Italy Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Dredging Market

20.1. Spain Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Dredging Market

21.1. Eastern Europe Dredging Market Overview
21.2. Eastern Europe Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Dredging Market

22.1. Russia Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Dredging Market

23.1. North America Dredging Market Overview
23.2. North America Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Dredging Market

24.1. USA Dredging Market Overview
24.2. USA Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Dredging Market

25.1. Canada Dredging Market Overview
25.2. Canada Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Dredging Market

26.1. South America Dredging Market Overview
26.2. South America Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Dredging Market

27.1. Brazil Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Dredging Market

28.1. Middle East Dredging Market Overview
28.2. Middle East Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Dredging Market

29.1. Africa Dredging Market Overview
29.2. Africa Dredging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Dredging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Dredging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Dredging Market Competitive Landscape And Company Profiles

30.1. Dredging Market Competitive Landscape
30.2. Dredging Market Company Profiles
- 30.2.1. Royal Boskalis Westminster NV
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Van Oord NV
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Dredging Environmental and Marine Engineering NV
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Jan De Nul NV
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Great Lakes Dredge & Dock Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Dredging Market Competitive Benchmarking

32. Global Dredging Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Dredging Market

34. Dredging Market Future Outlook and Potential Analysis

34.1 Dredging Market In 2028 - Countries Offering Most New Opportunities
34.2 Dredging Market In 2028 - Segments Offering Most New Opportunities
34.3 Dredging Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer