Harbor Deepening Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028

Published on : Jul-2018 | List of Tables : 67 | List of Figures : 76 | No. of Pages : 170 | Report Code : FACT1257MR | Format : ppt pdf Excel Word

More than 30% of harbor deepening demand is generated by government organizations in end-user segment: Fact.MR

The global harbor deepening market was valued at US$ 4.1 billion in 2017. The market is expected to expand at a CAGR of 3% over the forecast period, 2018-2028.

Harbor deepening is a service required for digging activities, particularly in ports and harbors for various purposes. Harbor deepening finds its applications in capital deepening, trade maintenance, urban development and coastal protection. On the basis of end users, the harbor deepening market is segmented into government organization, private organization, mining & energy companies and oil & gas companies. The key market players in the harbor deepening market are based out in Europe, however, they operate in international waters. Major projects of these players are in the Middle-East due to the constant demand from the oil & gas sector. Along with trade maintenance, urban development coastal protection activity is also contributing substantially in the harbor deepening market growth, mainly in the countries with a limited land area such as Singapore and Malaysia, and countries with along coastline and prone to flood and waterborne calamities.

harbor deepening market

Drivers & Restraints:

The global harbor deepening market has witnessed its share of ups and downs, especially after the global recession of 2007-08. However, with the recovery in global economy, the world trade has also grown significantly. A spurt in the global infrastructure activities has necessitated the need for expansion and maintenance of existing harbor and development of new ones. Considering the fact that over 85% of global trade is carried out through sea trade, maintaining existing pathways and creating new ones has gained prominence. According to UNCTAD, global seaborne trade volume surpassed 10 billion tons in 2015, with shipments expanding by over 2%. With an increase in population, there is an emerging need for huge cargo. As a result, docking space on port and harbor is expanding. 

The expansion of the Panama Canal, which cost around US$ 6 billion, has made it possible for ships with large TEUs to pass through. Owing to the Panama expansion, the average size of container vessels has also witnessed an increase, necessitating maintenance work in ports which cannot accommodate these behemoth ships. Moreover, the demand for harbor deepening is very high in North America due to increasing dependency on seaborne trade in this region. North America accounted for a substantial market share of the harbor deepening industry. Although harbor deepening remains an important activity from an economic perspective, when carried out without consideration, it has the potential to cause ecological imbalance. Environmentalists have often opposed several mega harbor deepening projects around the globe. According to a report by National Oceanic and Atmospheric Administration, the large-scale dredging at Miami-led to the burying of 81% of coral reef at the site. In July 2017, the Court of Appeal found that the Northern Ireland Government acted unlawfully by failing to intervene in the sand dredging at Lough Neagh lake in Northern Ireland.

Market Taxonomy:

The global market for harbor deepening is segmented as per application and end user.

As per application, the global harbor deepening is segmented as follows:

  • Capital Deepening
  • Trade Maintenance
  • Urban Development
  • Coastal Protection

As per end user, the global harbor deepening is segmented as follows:

  • Government Organizations
  • Private Organizations
  • Mining & Energy Companies
  • Oil & Gas Companies

Trade maintenance activities among application segment of harbor deepening market is expected to drive the global market by value. Among end user segment, government organizations segment is anticipated to dominate the global market during the forecast period along with significant growth in private organization segment.

Competitive Landscape:

Key players operating in the global market for harbor deepening include Royal Boskalis Westminster, Van Oord Dredging & Marine Contractors, Jan De Nul, DEME, Hyundai E&C Ltd., Penta Ocean Construction Ltd., China Harbor Engineering Company, Great Lakes Dredge & Dock Corporation and Toa Corporation.

In this report, Fact.MR offers a 10-year forecast of the global harbor deepening market, between 2018 and 2028. The market is expected to expand at a CAGR of 3% during the forecast period. The study reveals market dynamics in seven geographic segments along with market analysis for the current market environment and future scenario over the forecast period.

Report Description

This Fact.MR report studies the global harbor deepening for the period 2018–2028. The prime objective of this report is to offer insights and key market trends pertaining to the harbor deepening projects that are gradually helping transform global businesses.

The global harbor deepening market report begins with the executive summary for various categories and their respective shares in harbor deepening. It is followed by market dynamics and overview of the global harbor deepening, which includes FACT.MR analysis of market drivers, restraints, and trends that are affecting the growth of harbor deepening. Furthermore, to understand the popularity of the market segment, the attractiveness index and BPS analysis with elaborate insights on the same is provided, which will show the market’s attractiveness based on factors such as CAGR and incremental opportunity. To show the growth of harbor deepening in each country and region, BPS and Y-o-Y growth analysis is provided.

The global market for harbor deepening is further segmented as per application and end user. On the basis of application, the global market for harbor deepening is segmented into capital deepening, trade maintenance, urban development and coastal protection. On the basis of end-user, the harbor deepening is segmented into government organizations, private organization, mining & energy companies and oil & gas companies.

The next section of the report highlights the harbor deepening, by region and provides the market outlook for 2018–2028. The study investigates the Y-o-Y growth regionally and analyses the drivers that influence the regional harbor deepening market. Key regions assessed in this report include North America, Latin America, Europe, CIS & Europe, Japan, Asia Pacific excluding Japan and Middle East & Africa (MEA). The report evaluates the present scenario and growth prospects of the regional harbor deepening for 2018–2028.

To ascertain the market size, revenue generated by the key service providers from harbor deepening as well as dredging activities and their respective key projects is taken into consideration. The forecast presented here assesses the total revenue generated by value across harbor deepening activities. In order to provide an accurate forecast, we started by sizing up the current market, which forms the basis of how harbor deepening services are expected to develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analysis, service provider side, downstream industry demand and the economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of the CAGR, but also to analyse the market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of harbor deepening and identifying the right opportunities across the market.

The market segment for global harbor deepening has been analyzed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in harbor deepening. Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve and to identify potential resources of harbor deepening from the perspective of delivery. The overall absolute dollar opportunity along with the segmental split is mentioned in the report.

To understand key growth segments in terms of growth and the adoption of harbor deepening across the globe, Fact.MR developed the harbor deepening ‘attractiveness index.’ The resulting index should help providers identify real market opportunities.

In the final section of the report on harbor deepening, the ‘dashboard view’ of companies is provided to compare the current industrial scenario and their contribution to total harbor deepening. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers that is specific to a market segment. Report audiences can gain segment-specific service providers’ insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in harbor deepening.

Detailed profiles of companies are also included in the report to understand their strategies and recent developments. Key players operating in the global market for harbor deepening include Royal Boskalis Westminster, Van Oord Dredging & Marine Contractors, Jan De Nul, DEME, Hyundai E&C Ltd., Penta Ocean Construction Ltd., China Harbor Engineering Company, Great Lakes Dredge & Dock Corporation and Toa Corporation.

Key Segments Covered

By Application

  • Capital Deepening
  • Trade Maintenance
  • Urban Development
  • Coastal Protection

By End User

  • Government Organizations
  • Private Organizations
  • Mining & Energy Companies
  • Oil & Gas Companies

Regional analysis is presented for following market segments:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Chile
    • Peru
    • Rest of Latin America
  • Europe
    • EU4
    • UK
    • BENELUX
    • NORDIC
    • Eastern Europe
    • Rest of Europe
  • CIS & Russia
  • Japan
  • Asia Pacific Excluding Japan (APEJ)
    • Greater China
    • India
    • Korea
    • ASEAN Countries
    • Rest of APEJ
  • Middle East and Africa (MEA)
    • GCC Countries
    • Turkey
    • Iran
    • Israel
    • South Africa
    • Rest of MEA

Chapter 1 Executive Summary

Chapter 2 Global Harbor Deepening Market Overview
2.1 Introduction
2.2 Market Definition
2.3 Scope of the Report/Taxonomy
2.4 Opportunity Analysis in Harbor Deepening Market
2.5 Mega Trends in Harbor Deepening Market

Chapter 3 Market Dynamics
3.1 Key Growth Drivers
    3.1.1 Growing Seaborne Trade Continues to Provide Impetus:
    3.1.2 Growth in the Global Tourism Sector
    3.1.3 Increase in Post-Panamax Ships Leading to Port Maintenance Work in Major Ports
3.2 Key Trends
3.3 Industry Opportunity
3.4 Industry Challenges
3.5 Market White Spaces Analysis and Wheel of Fortune Opportunity Analysis

Chapter 4 Associated Industry and Key Indicator Assessment
4.1 Global Dredging Industry Overview
4.2 Seaborne Trade Overview
4.3 Free and Open Market Assessment
4.4 Key Port Modernization Projects
4.5 Market Value Chain
4.6 Cost Structure Analysis
4.7 List of Active Participants
4.8 Investment Feasibility Matrix
4.9 Porter’s Five Forces Analysis
4.10 PEST Analysis
4.11 Technology Roadmap
4.12 Global Harbor Deepening Market Scenario Forecast (Optimistic, Likely and Conservative Market Conditions)
4.13 Forecast Factors

Chapter 5 Global Harbor Deepening Market Analysis
5.1 Global Market Outlook
    5.1.1 Market Value Forecast and Analysis
    5.1.2 Regional Demand Assessment
           5.1.2.1 Market Value Share by Region
5.2 Global Harbor Deepening Market Analysis by Application
    5.2.1 Value (US$ Mn) and Forecast by Application
    5.2.2 Y-o-Y Growth Comparison by Application
    5.2.3 Market Attractiveness Analysis by Application
5.3 Global Harbor Deepening Market Analysis by End User
    5.3.1 Value (US$ Mn) and Forecast by End User
    5.3.2 Y-o-Y Growth Comparison by End User
    5.3.3 Market Attractiveness Analysis by End User

Chapter 6 North America Harbor Deepening Market Analysis
6.1 North America Economic and Business Performance at Glance
    6.1.1 Political Outlook
    6.1.2 Economic Outlook
    6.1.3 Business Environment Outlook
6.2 North America Dredging Sector Outlook
6.3 North America Harbor Deepening Market Outlook
    6.3.1 Market Value Forecast and Analysis
    6.3.2 Impact Assessment of Market Forces
    6.3.3 Country Wise Demand Assessment
           6.3.3.1 Market Value Share by Region
6.4 North America Harbor Deepening Market Analysis by Application
    6.4.1 Value (US$ Mn) and Forecast by Application
    6.4.2 Y-o-Y Growth Comparison by Application
    6.4.3 Market Attractiveness Analysis by Application
6.5 North America Harbor Deepening Market Analysis by End User
    6.5.1 Value (US$ Mn) Forecast by End User
    6.5.2 Y-o-Y Growth Comparison by End User
    6.5.3 Market Attractiveness Analysis by End User

Chapter 7 Latin America Harbor Deepening Market Analysis
7.1 Latin America Economic and Business at Glance
    7.1.1 Political Outlook
    7.1.2 Economic Outlook
    7.1.3 Business Environment Outlook
7.2 Latin America Dredging Industry Outlook
7.3 Latin American Harbor Deepening Market Outlook
    7.3.1 Market Value Forecast and Analysis
    7.3.2 Impact Assessment of Market Forces
    7.3.3 Country Wise Demand Assessment
           7.3.3.1 Market Value Share by Country
7.4 Latin America Harbor Deepening Market Analysis by Application
    7.4.1 Value (US$ Mn) and Forecast by Application
    7.4.2 Y-o-Y Growth Comparison by Application
    7.4.3 Market Attractiveness Analysis by Application
7.5 Latin America Harbor Deepening Market Analysis by End User
    7.5.1 Value (US$ Mn) and Forecast by End User
    7.5.2 Y-o-Y Growth Comparison by End User
    7.5.3 Market Attractiveness Analysis by End User

Chapter 8 Europe Harbor Deepening Market Analysis
8.1 Europe Economic and Business Performance at Glance
    8.1.1 Political Outlook
    8.1.2 Economic Outlook
    8.1.3 Business Environment Outlook
8.2 Europe Dredging Industry Outlook
8.3 Europe Harbor Deepening Market Outlook
    8.3.1 Market Value Forecast and Analysis
    8.3.2 Impact Assessment of Market Forces
    8.3.3 Country Wise Demand Assessment
           8.3.3.1 Market Value Share by Region
8.4 Europe Harbor Deepening Market Analysis by Application
    8.4.1 Value (US$ Mn) and Forecast by Application
    8.4.2 Y-o-Y Growth Comparison by Application
    8.4.3 Market Attractiveness Analysis by Application
8.5 Europe Harbor Deepening Market Analysis by End User
    8.5.1 Value (US$ Mn) and Forecast by End User
    8.5.2 Y-o-Y Growth Comparison by End User
    8.5.3 Market Attractiveness Analysis by End User

Chapter 9 CIS & Russia Harbor Deepening Market Analysis
9.1 CIS & Russia Economic and Business Performance at Glance
    9.1.1 Political Outlook
    9.1.2 Economic Outlook
    9.1.3 Business Environment Outlook
9.2 CIS & Russia Dredging Industry Outlook
9.3 CIS & Russia Harbor Deepening Market Outlook
    9.3.1 Market Value Forecast and Analysis
    9.3.2 Impact Assessment of Market Forces
9.4 CIS & Russia Harbor Deepening Market Analysis by Application
    9.4.1 Value (US$ Mn) and Forecast by Application
    9.4.2 Y-o-Y Growth Comparison by Application
    9.4.3 Market Attractiveness Analysis by Application
9.5 CIS & Russia Harbor Deepening Market Analysis by End User
    9.5.1 Value (US$ Mn) and Forecast by End User
    9.5.2 Y-o-Y Growth Comparison by End User
    9.5.3 Market Attractiveness Analysis by End User

Chapter 10 Japan Harbor Deepening Market Analysis
10.1 Japan Economic and Business Performance at Glance
    10.1.1 Political Outlook
    10.1.2 Economic Outlook
    10.1.3 Business Environment Outlook
10.2 Japan Dredging Industry Outlook
10.3 Japan Harbor Deepening Market Outlook
    10.3.1 Market Value Forecast and Analysis
    10.3.2 Impact Assessment of Market Forces
10.4 Japan Harbor Deepening Market Analysis by Application
    10.4.1 Value (US$ Mn) and Forecast by Application
    10.4.2 Y-o-Y Growth Comparison by Application
    10.4.3 Market Attractiveness Analysis by Application
10.5 Japan Harbor Deepening Market Analysis by End User
    10.5.1 Value (US$ Mn) and Forecast by End User
    10.5.2 Y-o-Y Growth Comparison by End User
    10.5.3 Market Attractiveness Analysis by End User

Chapter 11 APEJ Harbor Deepening Market Analysis
11.1 APEJ Economic and Business Performance at Glance
    11.1.1 Political Outlook
    11.1.2 Economic Outlook
    11.1.3 Business Environment Outlook
11.2 APEJ Dredging Industry Outlook
11.3 APEJ Harbor Deepening Market Outlook
    11.3.1 Market Value Forecast and Analysis
    11.3.2 Impact Assessment of Market Forces
    11.3.3 Country Wise Demand Assessment
           11.3.3.1 Market Value Share by Region
11.4 APEJ Harbor Deepening Market Analysis by Application
    11.4.1 Value (US$ Mn) and Forecast by Application
    11.4.2 Y-o-Y Growth Comparison by Application
    11.4.3 Market Attractiveness Analysis by Application
11.5 APEJ Harbor Deepening Market Analysis by End User
    11.5.1 Value (US$ Mn) and Forecast by End User
    11.5.2 Y-o-Y Growth Comparison by End User
    11.5.3 Market Attractiveness Analysis by End User

Chapter 12 MEA Harbor Deepening Market Analysis
12.1 MEA Economic and Business Performance at Glance
    12.1.1 Political Outlook
    12.1.2 Economic Outlook
    12.1.3 Business Environment Outlook
12.2 MEA Dredging Industry Outlook
12.3 MEA Harbor Deepening Market Outlook
    12.3.1 Market Value Forecast and Analysis
    12.3.2 Impact Assessment of Market Forces
    12.3.3 Country Wise Demand Assessment
           12.3.3.1 Market Value Share by Countries
12.4 MEA Harbor Deepening Market Analysis by Application
    12.4.1 Value (US$ Mn) and Forecast by Application
    12.4.2 Y-o-Y Growth Comparison by Application
    12.4.3 Market Attractiveness Analysis by Application
12.5 MEA Harbor Deepening Market Analysis by End User
    12.5.1 Value (US$ Mn) and Forecast by End User
    12.5.2 Y-o-Y Growth Comparison by End User
    12.5.3 Market Attractiveness Analysis by End User

Chapter 13 Competitive Assessment
13.1 Global Harbor Deepening Market- A Dashboard View
13.2 Global Harbor Deepening Market Structure
13.3 Global Harbor Deepening Market Company Share Analysis
    13.3.1 For Tier 1 Market Players, 2017
13.4 Company Market Share Analysis of Top 9 Players, By Region
13.5 Key Participants Market Presence (Intensity Map) By Region

Chapter 14 Company Profile
14.1 Royal Boskalis Westminster
    14.1.1 Company Revenue Share, By Application
    14.1.2 Production facilities Across Globe, 2017
    14.1.3 Key Developments
    14.1.4 SWOT Analysis
14.2 Van Oord Dredging & Marine Contractors
    14.2.1 Company Revenue Share, By Application
    14.2.2 Production facilities Across Globe, 2017
    14.2.3 Key Developments
    14.2.4 SWOT Analysis
14.3 Jan De Nul
    14.3.1 Company Revenue Share, By Application
    14.3.2 Production facilities Across Globe, 2017
    14.3.3 Key Developments
    14.3.4 SWOT Analysis
14.4 DEME
    14.4.1 Company Revenue Share, By Application
    14.4.2 Production facilities Across Globe, 2017
    14.4.3 Key Developments
    14.4.4 SWOT Analysis
14.6 Hyundai Engineering & Construction Co. Ltd.
    14.6.1 Production facilities Across Globe, 2017
    14.6.2 Key Developments
    14.6.3 SWOT Analysis
14.7 Penta Ocean Construction Co. Ltd.
    14.7.1 Company Revenue Share, By Application
    14.7.2 Production facilities Across Globe, 2017
    14.7.3 Key Developments
    14.7.4 SWOT Analysis
14.8 China Harbor Engineering Company
    14.8.1 Production facilities Across Globe, 2017
    14.8.2 Key Developments
14.9 Great Lakes Dredge & Dock Corporation
    14.9.1 Company Revenue Share, By Application
    14.9.2 Production facilities Across Globe, 2017
14.10 Toa Corporation
    14.10.1 Production facilities Across Globe, 2017
    14.10.2 Key Developments
    14.10.3 SWOT Analysis

Chapter 15 Key Takeaways

Chapter 16 Appendix

Chapter 17 Disclaimer and Contact information

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Harbor Deepening Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028