Dredging Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2030

Published on : Apr-2020 | List of Tables : 70 | List of Figures : 101 | No. of Pages : 170 | Report Code : FACT922MR | Format :

Trade Maintenance to Remain Majority Share Holder in Global Dredging Market

Governments or port management authority issue port maintenance contract for dredging which has given impetus to the dredging maintenance business in the coastal areas. However, volatility in the oil & gas sector owing to ongoing coronavirus pandemic is expected to cause stagnancy in the global dredging market for next couple of years as governments have stopped or reduced investment for port maintenance amid COVID-19 pandemic.

 For instance, in its budget for fiscal year 2021, the US proposed reduction in funds for ports which led to a 22% cut in funds of U.S. Army Corps of Engineers which manages dams, canals & inland waterways. As a result, countries will have to hold back maintenance of ports, which will substantially affect the dredging market. In Fact. MR’s report, it is projected that, in the application segment the trade maintenance application will hold around 33% market share in terms of value by the end of forecast period (2020 – 2030).

Government is poised to be Largest Customer in Dredging Market Globally

Maximum ports that are in service are state owned. For instance, In India 12 out of 13 major ports are government owned. Government owned ports contribute the largest share of the total shipping through water ways. Port management organizations which are administrated by governments issue tenders each year for dredging of these ports or rivers as a part of periodic maintenance. Besides, governments dredge large rivers before rainy season to avoid situations like floods in the civilian areas. However, business lockdown due to COVID-19 has impacted global economy which is resulting in governments to divert investments on other projects such as port maintenance for coronavirus relief aid. Based on the above-mentioned facts, government segment is expected to grow at CAGR 0.1% to cross ~US$ 7.4 billion mark by the end of the forecast period. 

dredging market image 01

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East Asia to Occupy the Majority Chunk of Revenue Pie

In East Asia there are around 50 major and 2,000 minor ports. These ports are subjected to periodic maintenance, which has made the region market leader in dredging market. However, due to outbreak of COVID-19 in China, economy of the region has been hampered drastically. China is one of the nations which is witnessing worst impact of coronavirus pandemic, causing sharp decline in the exports & imports of the country. This has led to economic slowdown in the region which is expected to impact all industries including dredging market. However, China is focusing on its transportation business to survive the global economic slowdown. In March 2020, China announced exemption on port construction fees for import and export & 20% reduction in port facility fee. Owing to such efforts East Asia is expected to regain position of market leader in the global dredging market by holding around 30% market share by 2030 end.

dredging market image 02

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Impact of COVID-19 on the Global Dredging Market

The outbreak of coronavirus has caused adverse impact on the business economy of the globe. Most of countries or major cities have imposed complete lockdown to stop the spread of COVID-19 which has posed serious threat of global economic slowdown akin to the 2008 sub-prime crisis. No industry is untouched of this pandemic including the dredging market. Global dredging market is expected to witness stagnancy for next couple of years as exports and imports are projected to witness sharp downfall due to business lockdown. Besides, it is anticipated that governments of leading countries will turn majority of their investments to healthcare infrastructure to prevent COVID-19. However, some countries have released funds for dredging as it is necessary for future trade. For instance, in April 2020, the US passed the Coronavirus Aid, Relief, and Economic Security (CARES) act which unlocked the Harbor Maintenance Trust Fund (HMTF) which will be used for dredging of the ports where it is necessary. The global dredging market is projected to regain traction in second half of the forecast period, predicts Fact.MR.

Mergers & Acquisition to Remain Key Strategy

Global dredging market is moderately consolidated in nature. The prominent players in the dredging market are focusing on mergers and acquisitions in order to expand their business in the global market. For instance,

  • In November 2019, Ahtna Marine & Construction Company, LLC (AMCC) acquired Florida, US based dredging and civil construction company Cavache, Inc. With this acquisition company is aiming expansion of its operations in Southeast region of the US.
  • In January 2018, Callan Marine Ltd. acquired the dredging service providing company Bean Coastal LLC. With this acquisition, company is expecting expansion of its business by the applications of the innovative technologies of Bean Coastal LLC.

Dredging Market - Scope of the Report

Fact.MR recently published a market study on the global market for dredging. The study provides a detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the dredging market structure. The market study presents exclusive information about how the dredging market will grow during the forecast period of 2020-2030.

Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact. MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the dredging market in the forecast period.

The study is relevant for stakeholders in the dredging market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the dredging market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.

The study also includes statistics as well as facts related to macro as well as microeconomic factors that are impacting developments in the dredging market. It also offers actionable insights based on future trends in the dredging market. Furthermore, small businesses and new entrants in the dredging market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.

Key Segments of the Dredging Market

Fact.MR’s study on the dredging market offers information divided into two key segments— application, and customer across six regions. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

Application

Customer

Region

  • Trade Activity
  • Trade Maintenance
  • Energy Infrastructure
  • Urban Development
  • Coastal Protection
  • Leisure
  • Government
  • Oil & Gas Companies
  • Mining Companies
  • Renewables
  • Others
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

Key Questions Answered in the Fact.MR’s Dredging Market Report

  • Which regions will continue to remain the most profitable regional markets for dredging market players?
  • Which factors will induce a change in the demand for dredging during the assessment period?
  • How will changing trends impact the dredging market?
  • How can market players capture the low-hanging opportunities in the dredging market in developed regions?
  • Which companies are leading the dredging market?
  • What are the winning strategies of stakeholders in the dredging market to upscale their position in this landscape?

Dredging Market: Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the dredging market, and reach conclusions on future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.

Secondary resources referred to analysts during the preparation of the dredging market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Risks & Trends Assessment

    3.1. Impact of COVID-19 Crisis on Dredging Demand

    3.2. Impact of COVID-19 Crisis on Dredging Equipment Prices

    3.3. COVID-19 Impact Benchmark with Previous Crisis  

        3.3.1. Change in Dredging Demand and Service Consumption Growth

        3.3.2. Before and After COVID-19 Crisis (Projected)

        3.3.3. Before and after SARS Pandemic (Actual)

        3.3.4. Before and After Sub-prime Crisis – 2008 (Actual)

        3.3.5. Change in Demand post Recovery Period (After Each Crisis)

    3.4. Impact on Market Value (US$ Mn)

        3.4.1. Likely Loss of Value in 2020

        3.4.2. Mid-term and Long Term Forecast

        3.4.3. Quarter by Quarter Dip and Recovery Assessment 

    3.5. Anticipated Demand and Value Recovery Curve

        3.5.1. Likelihood of U-Shape Recovery

        3.5.2. Likelihood of L-Shape Recovery

    3.6. Recovery Period Assessment by Key Countries

    3.7. Recovery Assessment by Key Market Segments

    3.8. Action Points and Recommendation for Suppliers

4. Key Market Trends

    4.1. Key Trends Impacting the Market

    4.2. Product Innovation / Development Trends

5. Key Success Factors

    5.1. Product Adoption / Usage Analysis

    5.2. Product USPs / Features

    5.3. Strategic Promotional Strategies

6. Global Dredging Market Demand Analysis 2015-2019 and Forecast, 2020-2030

    6.1. Historical Market Volume (Units) Analysis, 2015-2019

    6.2. Current and Future Market Volume (Units) Projections, 2020-2030

    6.3. Y-o-Y Growth Trend Analysis

7. Global Dredging Market - Pricing Analysis

    7.1. Regional Pricing Analysis By Product Type

    7.2. Pricing Break-up

        7.2.1. Manufacturer Level Pricing

        7.2.2. Distributor Level Pricing

    7.3. Global Average Pricing Analysis Benchmark

8. Global Dredging Market Demand (US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030

    8.1. Historical Market Value (US$ Mn) Analysis, 2015-2019

    8.2. Current and Future Market Value (US$ Mn) Projections, 2020-2030

        8.2.1. Y-o-Y Growth Trend Analysis

        8.2.2. Absolute $ Opportunity Analysis

9. Market Background

    9.1. Macro-Economic Factors

        9.1.1. Global GDP Analysis

        9.1.2. Global GDP Growth Outlook

    9.2. Forecast Factors - Relevance & Impact

        9.2.1. International Seaborne Trade

        9.2.2. Development in International Seaborne Trade

        9.2.3. Global Sea-borne Trade Growth Outlook

        9.2.4. World Container Port Handling & Throughput

        9.2.5. Global Container Throughput Acceleration

        9.2.6. Free and Open Market Assessment

        9.2.7. Strategic Groups in Global Dredging Market

        9.2.8. Competition Development – Emergence of Leading Players

        9.2.9. Construction Equipment – Import & Export Scenario

    9.3. Value Chain

    9.4. Market Dynamics

        9.4.1. Drivers

        9.4.2. Restraints

        9.4.3. Opportunity Analysis

10. Global Dredging Market Analysis 2015-2019 and Forecast 2020-2030, by Application

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2015-2019

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2020-2030

        10.3.1. Trade Activity

        10.3.2. Trade Maintenance

        10.3.3. Energy Infrastructure

        10.3.4. Urban Development

        10.3.5. Coastal Protection

        10.3.6. Leisure

    10.4. Market Attractiveness Analysis By Application

11. Global Dredging Market Analysis 2015-2019 and Forecast 2020-2030, by Customer

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Mn) and Volume Analysis By Customer, 2015-2019

    11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Customer, 2020-2030

        11.3.1. Government

        11.3.2. Oil & Gas Companies

        11.3.3. Mining Companies

        11.3.4. Renewables

        11.3.5. Others

    11.4. Market Attractiveness Analysis By Customer

12. Global Dredging Market Analysis 2015-2019 and Forecast 2020-2030, by Region

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2015-2019

    12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2020-2030

        12.3.1. North America

        12.3.2. Latin America

        12.3.3. Europe

        12.3.4. East Asia

        12.3.5. South Asia & Oceania

        12.3.6. Middle East and Africa (MEA)

    12.4. Market Attractiveness Analysis By Region

13. North America Dredging Market Analysis 2015-2019 and Forecast 2020-2030

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2019

    13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020-2030

        13.4.1. By Country

            13.4.1.1. U.S.

            13.4.1.2. Canada

        13.4.2. By Application

        13.4.3. By Customer

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Application

        13.5.3. By Customer

14. Latin America Dredging Market Analysis 2015-2019 and Forecast 2020-2030

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2019

    14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020-2030

        14.4.1. By Country

            14.4.1.1. Brazil

            14.4.1.2. Mexico

            14.4.1.3. Argentina

            14.4.1.4. Rest of Latin America

        14.4.2. By Application

        14.4.3. By Customer

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Application

        14.5.3. By Customer

15. Europe Dredging Market Analysis 2015-2019 and Forecast 2020-2030

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2019

    15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020-2030

        15.4.1. By Country

            15.4.1.1. Germany

            15.4.1.2. France

            15.4.1.3. Italy

            15.4.1.4. Spain

            15.4.1.5. U.K.

            15.4.1.6. BENELUX

            15.4.1.7. Rest of Europe

        15.4.2. By Application

        15.4.3. By Customer

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Application

        15.5.3. By Customer

16. East Asia Dredging Market Analysis 2015-2019 and Forecast 2020-2030

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2019

    16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020-2030

        16.4.1. By Country

            16.4.1.1. China

            16.4.1.2. Japan

            16.4.1.3. South Korea

        16.4.2. By Application

        16.4.3. By Customer

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Application

        16.5.3. By Customer

17. South Asia & Oceania Dredging Market Analysis 2015-2019 and Forecast 2020-2030

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2019

    17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020-2030

        17.4.1. By Country

            17.4.1.1. India

            17.4.1.2. Thailand

            17.4.1.3. Malaysia

            17.4.1.4. Singapore

            17.4.1.5. Australia & New Zealand

            17.4.1.6. Rest of South Asia & Oceania

        17.4.2. By Product

        17.4.3. By Application

        17.4.4. By Customer

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Application

        17.5.3. By Customer

18. Middle East and Africa Dredging Market Analysis 2015-2019 and Forecast 2020-2030

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015-2019

    18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020-2030

        18.4.1. By Country

            18.4.1.1. GCC Countries

            18.4.1.2. South Africa

            18.4.1.3. Nigeria

            18.4.1.4. Israel

            18.4.1.5. Rest of Middle East and Africa

        18.4.2. By Application

        18.4.3. By Customer

    18.5. Market Attractiveness Analysis

        18.5.1. By Country

        18.5.2. By Application

        18.5.3. By Customer

19. Key Countries Dredging Market Analysis 2015-2019 and Forecast 2020-2030

    19.1. U.S. Dredging Market Analysis

        19.1.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.1.1.1. By Application

            19.1.1.2. By Customer

    19.2. Canada Dredging Market Analysis

        19.2.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.2.1.1. By Application

            19.2.1.2. By Customer

    19.3. Brazil Dredging Market Analysis

        19.3.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.3.1.1. By Application

            19.3.1.2. By Customer

    19.4. Mexico Dredging Market Analysis

        19.4.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.4.1.1. By Application

            19.4.1.2. By Customer

    19.5. Argentina Dredging Market Analysis

        19.5.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.5.1.1. By Application

            19.5.1.2. By Customer

    19.6. Germany Dredging Market Analysis

        19.6.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.6.1.1. By Application

            19.6.1.2. By Customer

    19.7. France Dredging Market Analysis

        19.7.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.7.1.1. By Application

            19.7.1.2. By Customer

    19.8. Italy Dredging Market Analysis

        19.8.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.8.1.1. By Application

            19.8.1.2. By Customer

    19.9. Spain Dredging Market Analysis

        19.9.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.9.1.1. By Application

            19.9.1.2. By Customer

    19.10. U.K. Dredging Market Analysis

        19.10.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.10.1.1. By Application

            19.10.1.2. By Customer

    19.11. BENELUX Dredging Market Analysis

        19.11.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.11.1.1. By Application

            19.11.1.2. By Customer

    19.12. China Dredging Market Analysis

        19.12.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.12.1.1. By Application

            19.12.1.2. By Customer

    19.13. Japan Dredging Market Analysis

        19.13.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.13.1.1. By Application

            19.13.1.2. By Customer

    19.14. South Korea Dredging Market Analysis

        19.14.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.14.1.1. By Application

            19.14.1.2. By Customer

    19.15. India Dredging Market Analysis

        19.15.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.15.1.1. By Application

            19.15.1.2. By Customer

    19.16. Thailand Dredging Market Analysis

        19.16.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.16.1.1. By Application

            19.16.1.2. By Customer

    19.17. Malaysia Dredging Market Analysis

        19.17.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.17.1.1. By Application

            19.17.1.2. By Customer

    19.18. Singapore Dredging Market Analysis

        19.18.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.18.1.1. By Application

            19.18.1.2. By Customer

    19.19. Australia & New Zealand Dredging Market Analysis

        19.19.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.19.1.1. By Application

            19.19.1.2. By Customer

    19.20. GCC Countries Dredging Market Analysis

        19.20.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.20.1.1. By Application

            19.20.1.2. By Customer

    19.21. South Africa Dredging Market Analysis

        19.21.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.21.1.1. By Application

            19.21.1.2. By Customer

    19.22. Nigeria Dredging Market Analysis

        19.22.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.22.1.1. By Application

            19.22.1.2. By Customer 

    19.23. Israel Dredging Market Analysis

        19.23.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.23.1.1. By Application

            19.23.1.2. By Customer

20. Market Structure Analysis

    20.1. Market Analysis by Tier of Companies (Dredging)

    20.2. Market Share Analysis of Top Players

    20.3. Market Presence Analysis

        20.3.1. Regional Footprint of Players

        20.3.2. Product Footprint by Players

    20.4. Channel Footprint by Players

21. Competition Analysis

    21.1. Competition Dashboard

    21.2. Pricing Analysis by Competition

    21.3. Competition Benchmarking

    21.4. Competition Deep Dive 

        21.4.1. Royal Boskalis Westminster N.V.

            21.4.1.1. Overview

            21.4.1.2. Product Portfolio

            21.4.1.3. Strategy Overview

        21.4.2. Dredging, Environmental and Marine Engineering NV (DEME)

            21.4.2.1. Overview

            21.4.2.2. Product Portfolio

            21.4.2.3. Strategy Overview

        21.4.3. Jan De Nul Group

            21.4.3.1. Overview

            21.4.3.2. Product Portfolio

            21.4.3.3. Strategy Overview

        21.4.4. Penta-Ocean Construction Co., Ltd.

            21.4.4.1. Overview

            21.4.4.2. Product Portfolio

            21.4.4.3. Strategy Overview

        21.4.5. TOA Corporation

            21.4.5.1. Overview

            21.4.5.2. Product Portfolio

            21.4.5.3. Strategy Overview

        21.4.6. China Harbour Engineering Company Limited

            21.4.6.1. Overview

            21.4.6.2. Product Portfolio

            21.4.6.3. Strategy Overview

        21.4.7. Great Lakes Dredge & Dock Corporation

            21.4.7.1. Overview

            21.4.7.2. Product Portfolio

            21.4.7.3. Strategy Overview

        21.4.8. National Marine Dredging Co.

            21.4.8.1. Overview

            21.4.8.2. Product Portfolio

            21.4.8.3. Strategy Overview

        21.4.9. Hyundai Engineering & Construction Co., Ltd.

            21.4.9.1. Overview

            21.4.9.2. Product Portfolio

            21.4.9.3. Strategy Overview

        21.4.10. Other Prominent Players

            21.4.10.1. Overview

            21.4.10.2. Product Portfolio

            21.4.10.3. Strategy Overview

22. Assumptions and Acronyms Used

23. Research Methodology

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Malaysian Cocoa Board
Dunlop International Europe Ltd
Roland Berger
Superior Essex
Commscope
Deloitte

Fact.MR in Media

Dredging Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2030