Dredging is the method of excavating debris and sediments are excavated from the bottom of rivers, sea, harbors, lakes, and other water bodies. This is done to maintain navigation channels depths, anchorages or berthing areas, ensuring a safe passage for ships and boats. As ships and boats require a certain depth to stay afloat and not scrape the bottom. This has enabled the global dredging market size to reach a valuation of USD XX million in 2020 growing at a CAGR of XX%
Sea route is the most shared channel of transportation used in world trading activities. The export and import of commodities and other goods, freight transportation is primarily achieved through large ships and cargo vessels. Proper maintenance of port infrastructure is of highest importance for the efficient management of these shipments. Hence, port trusts and governments invest on dredging throughout the shores.Operative dredging service is carried out to improve the economic and social development of a region by creating deeper channels for the protection of the ships.
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- Historic Period: 2013-2016
• Base Year: 2017
• Forecast Period: 2018-2025
• Key Segments: Application, Customer Type and Regions
• Key Players: Construction Co. Ltd, Royal Boskalis Westminister and Great Lakes Dredge and Dock Corp among others
The global dredging market is segmented on the basis of customer type , application and regions. Based on applications, the dredging market can be segmented into trade maintenance, energy infrastructure, trade activity, coastal protection and urban development. The increasing trade activities between countriesis expected to propel the ship cargo industry which is intern expected to directly influence the global dredging market.
Based on customer type the market is segmented into mining companies, government, oil and, renewables, gas companies and others.
On the basis of geography, the market is segmented into Europe, APAC, North America, Latin America and Middle East & Africa. Asia Pacific is predictable to rule the market during the forecast period.
The global dredging market consists of global and regional players which include Hyundai Engineering, Van Oord and Deme Group, China Harbour Engineering Company, Jan De Nul, Weeks Marine Inc., Construction Co. Ltd, Royal Boskalis Westminister and Great Lakes Dredge and Dock Corp among others.
Dredging Market Key Segments:
On the Basis of Application:
• Trade Activity
• Trade Maintenance
• Energy Infrastructure
• Urban Development
• Coastal Protection
On the Basis of Customer Type:
• Oil and gas companies
• Mining companies
On the Basis of Region:
• North America
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Rest of Latin America
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Rest of MEA
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