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Pulished Date July, 2021
ID: 11776
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Dredging Market Research Report – Segmented By Type (Suction, Jet Lift, Airlift, Bucket, And Other Types), By End-User (Oil & Gas, Trading, Tourism, And Other End-Users), And By Geography – Forecast (2021-2026)

Pulished: July, 2021
ID: 11776
Pages: 175

Dredging Market Size (2021-2026)

The market value of the Dredging market was valued at 10.03 billion US dollars in the year 2020, which is expected to increase the growth by 12.60 billion US dollars by the end of 2026 with a compound annual growth rate of 2.62% during the forecast period of 2021 to 2026.

Driving Factors

Increasing demand for oil and gas and an exploration of such energy resources are made in remote areas is one of the major driving factors that promote the growth of the Dredging market.

Growing population places pressures on countries with limited space to urbanize, and the ability to expand their buildable land area, which can alleviate this problem, propels the growth of revenue of the Dredging market.

The rapid growth of population and technological advancements by major key players, increase in global trade which carried out through the sea and also the rise in transportation of goods through the sea using the large container vessels and ships are some of the growth-supporting factors of the market of Dredging revenue rate during the outlook period.

Another major growth driving factor of the Dredging market was the increased investments by the major key players of the dredging market for R & D activities and also for the new technological advancements. 

Challenges

These applications require a high investment that is one of the restraints that hinder the Dredging Market's growth.

Stringent government regulations are added to impede the demand of the market. 

Recent Market Developments

  • JAN DE NUL N.V company has launched its fourth ultra-low emission vessel in Singapore, which concerns the 6000 m3 trailing suction hopper dredger sanderus built at the Keppel offshore & marine shipyard.
  • Great Lakes Dredge & Dock Corporation has received a contract from the Corpus Christi Ship Channel Improvement project, which was worth 93 million US dollars in which. The company has started dredging the site to deepen the entrance channel, and the work has already been finished.
  • National Marine dredging company has received a contract from ADNOC, which was worth 5 billion AED, to build the multiple artificial islands in the first phase of the development of Ghasha Concession.

Major Challenges in the Marketplace

High capital investment is needed for the dredging and also for the maintenance as well the companies need to spend a huge amount of money which acts as a huge challenge for the Dredging market.

Segmentation Analysis

The Dredging market is segmented on the basis of type, on the basis of end-user, and on the basis of geography.

Dredging Market - By Type

  • Suction
  • Jet lift
  • Airlift
  • Bucket
  • others

The suction vessel is again bifurcated into two type’s namely trailing suction and cutter suction. Among these segments, the suction vessel segment holds the major share of the market as it operates by sucking through a long tube. This suction vessel segment is expected to hold dominance during the forecast period. However, the Airlift segment is also expected to increase the market value in the upcoming years to come.

Dredging Market - By End-User

  • Oil & Gas
  • Trading
  • Tourism

The oil & gas segment holds the major share of the market among the other segments and is expected to hold dominance during the forecast period.

Regional Analysis

The Asia Pacific region holds the major share of the market due to the factors such as rising population across the developed economies such as India and China, coupled with an increased need for oil exploration and telecommunication purposes from different sources beneath the water. Furthermore, the increasing of major key players in the region is also one of the major driving factors that propel the growth of the market of Dredging in the Asia Pacific region. 

North America region holds the second-largest share of the Dredging market due to the factors such as an increase in oil & gas activities in offshore regions, especially in some of the emerging economies such as the United States and Canada.

Europe region is expected to increase the market value of Dredging owing to the rapid increase in marine activities.

The Latin America region also has a great revenue rate in the upcoming years due to the increase of oil and gas in some of the countries of the region.

The Middle East and Africa region is also expected to increase the demand for the dredging market attributed to the presence of major key players in the region.

Key Market Players

Some of the key market players of the Dredging market are: 

  • Royal Boskalis Westminster N.V., 
  • Jan De Nul N.V., 
  • Dredging Environmental and Marine Engineering N.V., 
  • Great Lakes Dredge and Dock Co., 
  • Van Oord N.V., 
  • Coastal Dredging Company, Inc., 
  • Weeks Marine, Inc.

Impact of COVID 19 on Dredging Market

The dredging market has been affected very badly due to the COVID 19 pandemic since the government authorities have announced strict lockdown regulations, which made a break to the entire supply chain of almost all the industries, which has impacted the production of industries, including the dredging companies. The Dredging market has also been affected very badly due to the COVID pandemic, but as per the analysis, the market of Dredging in real estate is expected to increase more post-COVID pandemic.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Dredging Market, By Type                    

                                6.1.1 Suction     

                                6.1.2 Jet lift        

                                6.1.3 Airlift         

                                6.1.4 Bucket      

                                6.1.5 others       

                                6.1.6 Market Size Estimations & Forecasts (2021-2026)

                                6.1.7 Y-o-Y Growth Rate Analysis              

                                6.1.8 Market Attractiveness Index           

                6.2 Dredging Market, By End User                           

                                6.2.1 Oil & Gas 

                                6.2.2 Trading     

                                6.2.3 Tourism    

                                6.2.4 Market Size Estimations & Forecasts (2021-2026)

                                6.2.5 Y-o-Y Growth Rate Analysis              

                                6.2.6 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region

                7.2 North America - Market Analysis (2021 - 2026)

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By End User            

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By End User            

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By End User            

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By End User            

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By End User            

8. Key Player Analysis

                8.1 Royal Boskalis Westminster N.V.,                      

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Jan De Nul N.V.,                        

                8.3 Dredging Environmental and Marine Engineering N.V.,

                8.4 Great Lakes Dredge and Dock Co.,                    

                8.5 Van Oord N.V.,                          

                8.6 Coastal Dredging Company, Inc.,                       

                8.7 Weeks Marine, Inc.                 

9. Market Outlook & Investment Opportunities                                 

Appendix

                List of Tables                     

                List of Figures

 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • Segment-level analysis in terms of type, end user along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.

 

  1. Global Dredging Market By Region, From 2021-2026 ( USD Billion )
  2. Global Dredging Market By Type, From 2021-2026 ( USD Billion )
  3. Global Suction Market By Region, From 2021-2026 ( USD Billion )
  4. Global Jet lift Market By Region, From 2021-2026 ( USD Billion )
  5. Global Airlift Market By Region, From 2021-2026 ( USD Billion )
  6. Global Bucket  Market By Region, From 2021-2026 ( USD Billion )
  7. Global others Market By Region, From 2021-2026 ( USD Billion )
  8. Global Dredging Market By End User, From 2021-2026 ( USD Billion )
  9. Global Oil & Gas Market By Region, From 2021-2026 ( USD Billion )
  10. Global Trading Market By Region, From 2021-2026 ( USD Billion )
  11. Global Tourism Market By Region, From 2021-2026 ( USD Billion )

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