Dredging Market: Opportunities Abundant in Urban Development

Posted on 2019-07-04 by Mark Hub in Industrial // 0 Comments

Rockville, USA, 2019-Jul-04 — /EPR Network/ —

The report by Fact.MR distinguishes players in global dredging market among three key strategic groups subjected to their focus and regional presence. Leading players in the dredging market which comprehensively focusses on dredging and has operational span across the globe. Companies like Jan De Nul, Boskalis, Van Oord and DEME are such companies clearly exhibit leading position in the global dredging market. The other group of companies, which do not boast dredging as their key business function, however, account for the substantial share of the global dredging business.

Construction companies from Asia are leading in this cluster of companies. China Construction Communication Company (CCCC), Hyundai Engineering & Construction, Samsung Engineering & Construction, Toa Corporation are dominant players in this category of dredging business. These companies have operational span less than the leading category of aforementioned players in dredging specialist companies. Predominantly, construction is the key business function of these companies, but they also offer services as dredger across diverse geographies.

Fact.MR’s recently collated study foretells that the dredging market will record a modest 2.7% CAGR between the forecast 2017 and 2022. An effective dredging service can directly improve the social and economic development of a region by providing deeper channels to protect the submerged depends of ships. The maritime infrastructure sector continues to witness diversity in dredging techniques, with some offering maintenance of port access channels while others being designed on the basis of characteristics of the soil being dredged. In the foreseeable.

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Tourism Sector – a Catalyzer for Global Dredging Market

The prospects of dredging industry are closely tied with the broader developments in the global tourism sector, as construction of new airports and beach replenishments accounts for a sizeable share of total revenues generated by dredging companies. According to data from World Tourism Organization, the total number of international tourist arrivals in 2016 stood at over 1.2 billion.

The third group of players in the global dredging market is regional operators, which are largely based out of Europe, and predominantly are Dutch companies. A handful of the Asian companies fare in this list such as Gulf Cobla and National Marine Dredging Corporation from UAE, Rukindo from Indonesia, DCI from India. European market houses a large number of such regional player a few in the list include Van der Kamp, Van den Herik, Baggerbedrijf De Boer etc.

Preeminence of Asia-Pacific excluding Japan (APEJ) in the dredging market is likely to prevail in the upcoming years. In North America, majority of the dredging market is likely to remain consolidated in the U.S. Revenues from the dredging market in the U.S are set to exceed US$ 1,300 Mn by 2022-end. In Europe, the U.K., France and Germany will collaboratively lead the dredging market, with the study estimating these European countries to collectively account for US$ 1,800 Mn revenues by 2022-end.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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