Dredging Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Oct-2019 | List of Tables : 63 | List of Figures : 77 | No. of Pages : 170 | Report Code : FACT922MR | Format :

Belgian and Dutch Dredging Companies to Capture Large Parts in the Global Dredging Market

Across the globe, big companies in the dredging market are currently from Belgium and the Netherlands. Companies such as Van Oord and Boskalis from Netherlands and Jan De Nul and DEME from Belgium are four huge companies operating in the dredging market. When the global dredging market was highly consolidated during 1980s, there was presence of over 20 dredging companies in the Netherlands and Belgium alone. They strengthened their position in the global dredging market, owing to different strategic developments such as acquisitions and merger activities, agreements, etc. For example, in year 2018, the Jan De Nul Company signed the agreement with Municipality of Guayaquil for the deepening and maintenance of the 95-kilometer-long access channel to the port of Guayaquil. Presently, these companies are part of the ‘Big Four’ in the global market and are likely to have a prominent share in the market during the forecast period.

By considering market players’ focus and regional presence in the global dredging market, the report by Fact.MR differentiates them in three different groups as Tier 1, Tier 2 and Tier 3 companies. The Tier 1 group consists of leading players operating in the dredging market and have operational span across the globe. The Tier 2, group consists of companies, which does not consider dredging as their main business function, however, account for considerable market share in the global dredging market. Different construction companies from the Asian region are operating in this group. These include Hyundai Engineering and Construction, China Construction Communication Company (CCCC), Toa Corporation, and Samsung Engineering & Construction, which are prominent players operating in this category across the globe. These companies have comparatively less operational span. Mostly, the main business line of these companies focuses on construction activities, apart from their dredging services across various geographies. On the other hand, the Tier 3 group consists of regional operators in the global dredging market, which are largely based in Europe, and predominantly are Dutch companies.

dredging market 02

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Risk of Ecological Imbalance in Dredging to Impede Approvals from Regulatory Authorities

From economic perspective, dredging remains an important activity. However, if it is carried out without proper care and consideration, it has the ability to cause ecological imbalance. Due to this possibility, several mega dredging projects across the globe were opposed by environmentalists. According to a report by National Oceanic and Atmospheric Administration, large-scale dredging at Miami leads to burying of 81% coral reefs 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. While the dredging industry has been committed to safeguard the conservation of environment, disruption in ecological balance remains an important challenge for all players operating in the dredging market. Growing spate of incidents where the ecological balance is disrupted can impede dredging approvals, creating bottlenecks in contract allocation.

Increasing Focus on Technological Solutions to Meet Emission Guidelines

Stringent emission guidelines have forced the dredging industry to adapt and innovate. Although emission legislation varies across various governing bodies, majority of them usually measure levels of NOx, total hydrocarbons (THC), particulate matter (PM), and sulphur oxides. In a bid to meet evolving emission challenges, the dredging industry is banking on advancements in technology. The focus has invariably shifted to areas where energy consumption can be reduced. These advancements include changes in hull and pump design, using highly efficient excavation tools. In addition to technological innovations, the dredging industry is also working on developing equipment that works on alternative fuel sources. Natural and hydrogen gas are being touted as promising alternatives for the dredging industry.

dredging market 01

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Suction Dredging in Smaller Waterways to Access High Quality Mineral Reserves

Companies providing dredging services for development of ports and dockyards can consider extending their portfolio towards suction dredging for rivers and smaller waterways. Suction dredgers serve as powerful vacuum cleaners for underwater excavation, and these services are highly profitable since they can effectively unearth streambed materials, which predominantly consist of valuable resources such as gold. Smaller and warmer waterways such as country-side streams and rivers in mountainous regions have a lot of exposed bedrock, making them a profitable area for underwater mining companies. Large profits associated with extracting gold are predominantly present in streambeds of such waterways, which will unlock a new threshold for dredging behemoths in the global market.

Dredging activities are now being extended for accessing high quality mineral reserves that are economically impossible through conventional mining. With zero dewatering requirements and mine water discharge, dredging makes it suitable for accessing hydrologically complex ore deposits, which have been ignored earlier. Bearing the importance of these mineral reserves in mind, several dredging projects, such as VAMOS, are now being undertaken. This, in turn, helps to clear environmental hazards associated with flooding of mines. The crux of the matter is pooling numerous parties, academic as well as industrial, for aiding technical operations and financial feasibilities.

East Asia to Account for a Prominent Market Share

The report published by Fact.MR analyzed the global dredging market across different regions namely North America, Latin America, East Asia, Europe, South Asia and Oceania, and the Middle East and Africa. Among all regions, owing to the growing seaborne trade, the East Asia region is found to be in a prominent position with overall market share of ~30% over the forecast period. Increasing population in developing countries such as India and China is putting pressure on governments to invest on land reclamation, which further drives the growth for the dredging market. After East Asia, regions such as South Asia and Oceania and the Middle East are expected to have high number of large cities in coastal areas, which further boost the growth of the dredging market. These regions are expected to hold ~15% and ~19% of the total dredging market share respectively. On other hand, Europe, consisting of the top 4 dredging operating companies across the globe, is expected to account for ~13% of the total dredging market share across the globe.

Request research methodology of this report.

Dredging Market - Scope of the Report

The dredging market study done by Fact.MR gives out exclusive information about how the market will gain momentum during the forecast period of 2019 to 2029. The primary objective of the report is to offer visionary insights on the advancements in the global dredging market. This newly published report offers market dynamics that are expected to influence the current and future status of the dredging market over the forecast period. The report starts with the market overview and provides market definition, updates on various drivers, restraints, trends, threats, opportunities, and value forecasts for players operating in the dredging market.

A section of the report discusses different factors that are shaping the external as well as internal competition in the dredging market. This market is expected to grow at a significant pace in the upcoming years. Furthermore, the growing seaborne trade continues to provide ample opportunities for market growth over the forecast period. On the basis of operating market players, the report offers detailed share analysis of the dredging market for the forecast period. A section of the report highlights overall regions along with their respective country-wise dredging markets and sets the forecast within the context of the report. The report offers information on recent activities and developments executed by key market players. It talks about the competition scenario, along with profiles of all prominent companies contributing to market expansion. Essential and up-to-date data as well as information correlated to market performers, who principally engage in the dredging market have been brought out with the help of a detailed dashboard view.

Key Segments of the Dredging Market

Fact.MR’s study on the dredging market provides information in three different segments - customer, application, and region. The report offers key information about the important growth parameters and market dynamics related to these categories. All these categories evaluate the market on the basis of different factors affecting the market and cover present scenario as well as future prospects associated with the market.

Customer

Application

Region

Government

Trade Activity

North America

Oil and Gas Companies

Trade Maintenance

Latin America

Mining Companies

Energy Infrastructure

Europe

Renewables

Urban Developments

East Asia

Others

Coastal Protection

South Asia and Oceania

 

Leisure

Middle East and Africa

Key Questions Answered in Fact.MR’s Market Report

  • Which factors will induce a change in the demand for dredging over the forecast period?
  • How will changing trends impact the overall dredging market growth?
  • How can market players capture upcoming challenges and opportunities in the dredging market over the forecast period?
  • Which companies are leading in the dredging market?
  • How is the overall competition in the dredging market progressively increasing?
  • What are the winning strategies of stakeholders in the dredging market to upscale their position in this landscape?

Dredging Market - Research Methodology

For market data analysis, the report considers 2018 as the base year, with market numbers estimated for 2019 and forecast for 2019-2029. The report focuses on providing information regarding the volume and value of the dredging market from a global perspective. The report provides an in-depth assessment on the market, which is based on a proven and tested research methodology that includes comprehensive primary and secondary research approaches. The research on the dredging market was incorporated through secondary research, using both bottom-up as well as top-down approaches. Furthermore, the yearly revenue generated from different market players operating in the dredging market were obtained from both primary and secondary sources. Fluctuations in market share over the forecast period is likely to be based on the expected percentage changes and market trends in the upcoming years. The approach was further confirmed by primary respondents across the entire value chain of the dredging market.

1. Executive Summary

    1.1. Market Overview

    1.2. Opportunity Assessment

    1.3. Fact.MR Analysis

2. Market Introduction

    2.1. Scope of the report

    2.2. Introduction & Definition

3. Ports: Sector & Outlook

    3.1. World Seaborne Trade

    3.2. Development in Seaborne International Trade

    3.3. World Merchandise Trade

    3.4. Global Sea-borne Trade Growth Outlook 

    3.5. International Seaborne Trade

    3.6. Global Sea-borne trade Growth Outlook

    3.7. World Container Port Handling & Throughput

    3.8. Global Container Throughput Acceleration

4. Market Background

    4.1. Free and Open Dredging Market Assessment

    4.2. Strategic Groups in Global Dredging Market

    4.3. Competition Development – Emergence of Leading Players

    4.4. Dredging Value Chain

    4.5. Cost Structure Analysis

    4.6. Key Market Dynamics

        4.6.1. Growth Drivers and Impact Analysis

        4.6.2. Prominent Market Challenges and Impact Analysis

        4.6.3. Industry Trends and Impact Analysis

        4.6.4. Opportunities in Agricultural Sprayers Market & Impact Analysis

5. Global Dredging Market Analysis 2014-2018 & Forecast 2019-2029

    5.1. Global Dredging Market Value (US$ Mn), 2014-2029

    5.2. Global Dredging Market Scenario Forecast

    5.3. Global Dredging Market Analysis, By Region/Country

        5.3.1. Global Dredging Market Share Analysis by Region, 2014-2029

            5.3.1.1. North America

            5.3.1.2. Latin America

            5.3.1.3. Europe

            5.3.1.4. East Asia

            5.3.1.5. South Asia & Oceania

            5.3.1.6. MEA

        5.3.2. Global Dredging Market Y-o-Y Growth Projection by Region, 2019-29

        5.3.3. Global Dredging Market Attractiveness Index by Region, 2019-29

        5.3.4. Global Dredging Market Absolute $ Opportunity by Region, 2019-29

    5.4. Global Dredging Market Analysis, By Application

        5.4.1. Global Dredging Market Share Analysis by Application, 2014-2029

            5.4.1.1. Trade Activity 

            5.4.1.2. Trade Maintenance 

            5.4.1.3. Energy Infrastructure 

            5.4.1.4. Urban Development 

            5.4.1.5. Coastal Protection 

            5.4.1.6. Leisure

        5.4.2. Global Dredging Market Y-o-Y Growth Projection by Application, 2019-29

        5.4.3. Global Dredging Market Attractiveness Index by Application, 2014-29

        5.4.4. Global Dredging Market Absolute $ Opportunity by Application, 2019-29

    5.5. Global Dredging Market Analysis, By Customer

        5.5.1. Global Dredging Market Share Analysis by Customer, 2014-2029

            5.5.1.1. Government 

            5.5.1.2. O&G Companies 

            5.5.1.3. Mining Companies 

            5.5.1.4. Renewables 

            5.5.1.5. Others

        5.5.2. Global Dredging Market Y-o-Y Growth Projection by Customer, 2019-29

        5.5.3. Global Dredging Market Attractiveness Index by Customer, 2014-29

        5.5.4. Global Dredging Market Absolute $ Opportunity by Customer, 2019-29

6. North America Dredging Market Analysis 2014-2018 & Forecast 2019-2029

    6.1. North America Dredging Market Value (US$ Mn), 2014-2029

    6.2. North America Dredging Market Scenario Forecast

    6.3. North America Dredging Market Analysis, By Country/Country

        6.3.1. North America Dredging Market Share Analysis by Country, 2014-2029

            6.3.1.1. U.S.

            6.3.1.2. Canada

        6.3.2. North America Dredging Market Y-o-Y Growth Projection by Country, 2019-29

        6.3.3. North America Dredging Market Attractiveness Index by Country, 2019-29

        6.3.4. North America Dredging Market Absolute $ Opportunity by Country, 2019-29

    6.4. North America Dredging Market Analysis, By Application

        6.4.1. North America Dredging Market Share Analysis by Application, 2014-2029

        6.4.2. North America Dredging Market Y-o-Y Growth Projection by Application, 2019-29

        6.4.3. North America Dredging Market Attractiveness Index by Application, 2014-29

        6.4.4. North America Dredging Market Absolute $ Opportunity by Application, 2019-29

    6.5. North America Dredging Market Analysis, By Customer

        6.5.1. North America Dredging Market Share Analysis by Customer, 2014-2029

        6.5.2. North America Dredging Market Y-o-Y Growth Projection by Customer, 2019-29

        6.5.3. North America Dredging Market Attractiveness Index by Customer, 2014-29

        6.5.4. North America Dredging Market Absolute $ Opportunity by Customer, 2019-29

7. Latin America Dredging Market Analysis 2014-2018 & Forecast 2019-2029

    7.1. Latin America Dredging Market Value (US$ Mn), 2014-2029

    7.2. Latin America Dredging Market Scenario Forecast

    7.3. Latin America Dredging Market Analysis, By Country/Country

        7.3.1. Latin America Dredging Market Share Analysis by Country, 2014-2029

            7.3.1.1. Brazil

            7.3.1.2. Mexico

            7.3.1.3. Argentina

            7.3.1.4. Rest of Latin America

        7.3.2. Latin America Dredging Market Y-o-Y Growth Projection by Country, 2019-29

        7.3.3. Latin America Dredging Market Attractiveness Index by Country, 2019-29

        7.3.4. Latin America Dredging Market Absolute $ Opportunity by Country, 2019-29

    7.4. Latin America Dredging Market Analysis, By Application

        7.4.1. Latin America Dredging Market Share Analysis by Application, 2014-2029

        7.4.2. Latin America Dredging Market Y-o-Y Growth Projection by Application, 2019-29

        7.4.3. Latin America Dredging Market Attractiveness Index by Application, 2014-29

        7.4.4. Latin America Dredging Market Absolute $ Opportunity by Application, 2019-29

    7.5. Latin America Dredging Market Analysis, By Customer

        7.5.1. Latin America Dredging Market Share Analysis by Customer, 2014-2029

        7.5.2. Latin America Dredging Market Y-o-Y Growth Projection by Customer, 2019-29

        7.5.3. Latin America Dredging Market Attractiveness Index by Customer, 2014-29

        7.5.4. Latin America Dredging Market Absolute $ Opportunity by Customer, 2019-29

8. Europe Dredging Market Analysis 2014-2018 & Forecast 2019-2029

    8.1. Europe Dredging Market Value (US$ Mn), 2014-2029

    8.2. Europe Dredging Market Scenario Forecast

    8.3. Europe Dredging Market Analysis, By Country/Country

        8.3.1. Europe Dredging Market Share Analysis by Country, 2014-2029

            8.3.1.1. Germany

            8.3.1.2. France

            8.3.1.3. Italy

            8.3.1.4. Spain

            8.3.1.5. U.K.

            8.3.1.6. Benelux

            8.3.1.7. Rest of Europe

        8.3.2. Europe Dredging Market Y-o-Y Growth Projection by Country, 2019-29

        8.3.3. Europe Dredging Market Attractiveness Index by Country, 2019-29

        8.3.4. Europe Dredging Market Absolute $ Opportunity by Country, 2019-29

    8.4. Europe Dredging Market Analysis, By Application

        8.4.1. Europe Dredging Market Share Analysis by Application, 2014-2029

        8.4.2. Europe Dredging Market Y-o-Y Growth Projection by Application, 2019-29

        8.4.3. Europe Dredging Market Attractiveness Index by Application, 2014-29

        8.4.4. Europe Dredging Market Absolute $ Opportunity by Application, 2019-29

    8.5. Europe Dredging Market Analysis, By Customer

        8.5.1. Europe Dredging Market Share Analysis by Customer, 2014-2029

        8.5.2. Europe Dredging Market Y-o-Y Growth Projection by Customer, 2019-29

        8.5.3. Europe Dredging Market Attractiveness Index by Customer, 2014-29

        8.5.4. Europe Dredging Market Absolute $ Opportunity by Customer, 2019-29

9. East Asia Dredging Market Analysis 2014-2018 & Forecast 2019-2029

    9.1. East Asia Dredging Market Value (US$ Mn), 2014-2029

    9.2. East Asia Dredging Market Scenario Forecast

    9.3. East Asia Dredging Market Analysis, By Country/Country

        9.3.1. East Asia Dredging Market Share Analysis by Country, 2014-2029

            9.3.1.1. China

            9.3.1.2. Japan

            9.3.1.3. South Korea

        9.3.2. East Asia Dredging Market Y-o-Y Growth Projection by Country, 2019-29

        9.3.3. East Asia Dredging Market Attractiveness Index by Country, 2019-29

        9.3.4. East Asia Dredging Market Absolute $ Opportunity by Country, 2019-29

    9.4. East Asia Dredging Market Analysis, By Application

        9.4.1. East Asia Dredging Market Share Analysis by Application, 2014-2029

        9.4.2. East Asia Dredging Market Y-o-Y Growth Projection by Application, 2019-29

        9.4.3. East Asia Dredging Market Attractiveness Index by Application, 2014-29

        9.4.4. East Asia Dredging Market Absolute $ Opportunity by Application, 2019-29

    9.5. East Asia Dredging Market Analysis, By Propulsion

        9.5.1. East Asia Dredging Market Share Analysis by Customer, 2014-2029

        9.5.2. East Asia Dredging Market Y-o-Y Growth Projection by Customer, 2019-29

        9.5.3. East Asia Dredging Market Attractiveness Index by Customer, 2014-29

        9.5.4. East Asia Dredging Market Absolute $ Opportunity by Customer, 2019-29

10. South Asia & Oceania Dredging Market Analysis 2014-2018 & Forecast 2019-2029

    10.1. South Asia & Oceania Dredging Market Value (US$ Mn), 2014-2029

    10.2. South Asia & Oceania Dredging Market Scenario Forecast

    10.3. South Asia & Oceania Dredging Market Analysis, By Country/Country

        10.3.1. South Asia & Oceania Dredging Market Share Analysis by Country, 2014-2029

            10.3.1.1. India

            10.3.1.2. Thailand

            10.3.1.3. Malaysia

            10.3.1.4. Singapore

            10.3.1.5. Australia & New Zealand

            10.3.1.6. Rest of South Asia & Oceania

        10.3.2. South Asia & Oceania Dredging Market Y-o-Y Growth Projection by Country, 2019-29

        10.3.3. South Asia & Oceania Dredging Market Attractiveness Index by Country, 2019-29

        10.3.4. South Asia & Oceania Dredging Market Absolute $ Opportunity by Country, 2019-29

    10.4. South Asia & Oceania Dredging Market Analysis, By Application

        10.4.1. South Asia & Oceania Dredging Market Share Analysis by Application, 2014-2029

        10.4.2. South Asia & Oceania Dredging Market Y-o-Y Growth Projection by Application, 2019-29

        10.4.3. South Asia & Oceania Dredging Market Attractiveness Index by Application, 2014-29

        10.4.4. South Asia & Oceania Dredging Market Absolute $ Opportunity by Application, 2019-29

    10.5. South Asia & Oceania Dredging Market Analysis, By Customer

        10.5.1. South Asia & Oceania Dredging Market Share Analysis by Customer, 2014-2029

        10.5.2. South Asia & Oceania Dredging Market Y-o-Y Growth Projection by Customer, 2019-29

        10.5.3. . South Asia & Oceania Dredging Market Attractiveness Index by Customer, 2014-29

        10.5.4. South Asia & Oceania Dredging Market Absolute $ Opportunity by Customer, 2019-29

11. MEA Dredging Market Analysis 2014-2018 & Forecast 2019-2029

    11.1. MEA Dredging Market Value (US$ Mn), 2014-2029

    11.2. MEA Dredging Market Scenario Forecast

    11.3. MEA Dredging Market Analysis, By Country/Country

        11.3.1. MEA Dredging Market Share Analysis by Country, 2014-2029

            11.3.1.1. GCC Countries

            11.3.1.2. South Africa

            11.3.1.3. Nigeria

            11.3.1.4. Israel

            11.3.1.5. Rest of MEA

        11.3.2. MEA Dredging Market Y-o-Y Growth Projection by Country, 2019-29

        11.3.3. MEA Dredging Market Attractiveness Index by Country, 2019-29

        11.3.4. MEA Dredging Market Absolute $ Opportunity by Country, 2019-29

    11.4. MEA Dredging Market Analysis, By Application

        11.4.1. MEA Dredging Market Share Analysis by Application, 2014-2029

        11.4.2. MEA Dredging Market Y-o-Y Growth Projection by Application, 2019-29

        11.4.3. MEA Dredging Market Attractiveness Index by Application, 2014-29

        11.4.4. MEA Dredging Market Absolute $ Opportunity by Application, 2019-29

    11.5. MEA Dredging Market Analysis, By Customer

        11.5.1. MEA Dredging Market Share Analysis by Customer, 2014-2029

        11.5.2. MEA Dredging Market Y-o-Y Growth Projection by Customer, 2019-29

        11.5.3. MEA Dredging Market Attractiveness Index by Customer, 2014-29

        11.5.4. MEA Dredging Market Absolute $ Opportunity by Customer, 2019-29

12. Competitive Assessment

    12.1. Global Dredging Market Structure

    12.2. Global Dredging Market – Dashboard View

    12.3. Global Dredging Market – Company Share Analysis

13. Company Profiles

    13.1. Royal Boskalis Westminster N.V

        13.1.1. Overview

        13.1.2. Product Portfolio

        13.1.3. Sales Footprint

        13.1.4. Strategy Overview

    13.2. China Harbour Engineering Company Ltd

        13.2.1. Overview

        13.2.2. Product Portfolio

        13.2.3. Sales Footprint

        13.2.4. Strategy Overview

    13.3. Van Oord NV

        13.3.1. Overview

        13.3.2. Product Portfolio

        13.3.3. Sales Footprint

        13.3.4. Strategy Overview

    13.4. DEME Group

        13.4.1. Overview

        13.4.2. Product Portfolio

        13.4.3. Sales Footprint

        13.4.4. Strategy Overview

    13.5. Jan De Nul N.V.

        13.5.1. Overview

        13.5.2. Product Portfolio

        13.5.3. Sales Footprint

        13.5.4. Strategy Overview

    13.6. Great Lakes Dredge & Dock Corporation

        13.6.1. Overview

        13.6.2. Product Portfolio

        13.6.3. Sales Footprint

        13.6.4. Strategy Overview

    13.7. National Marine Dredging Co

        13.7.1. Overview

        13.7.2. Product Portfolio

        13.7.3. Sales Footprint

        13.7.4. Strategy Overview

    13.8. Hyundai Engineering & Construction Co., Ltd.

        13.8.1. Overview

        13.8.2. Product Portfolio

        13.8.3. Sales Footprint

        13.8.4. Strategy Overview

    13.9. Penta-Ocean Construction Co., Ltd

        13.9.1. Overview

        13.9.2. Product Portfolio

        13.9.3. Sales Footprint

        13.9.4. Strategy Overview

    13.10. Toa Corporation

        13.10.1. Overview

        13.10.2. Product Portfolio

        13.10.3. Sales Footprint

        13.10.4. Strategy Overview

14. Assumptions & Acronyms Used

15. Research Methodology

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Dredging Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029