Harbor Deepening Market : Facts, Figures and Analytical Insights 2020-2026

In 2018, the global Harbor Deepening market size was 5196 million US$ and it is expected to reach 6541.9 million US$ by the end of 2025, with a CAGR of 3.3% during 2019-2025.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Harbor Deepening market based on various segments. It also provides market size and forecast estimates from year 2020 to 2026 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Harbor Deepening market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

Europe is the key region of the market, sharing about 29.20% of the global total revenue in 2018, followed by China and USA, with a market value share of 27.04%, and 10.60%.The Harbor Deepening market is mainly classified into the following types: Capital Harbour Deepening, Coastal Protection Harbour Deepening, Maintenance Harbour Deepening, Rivers & Lakes Harbour Deepening, among which Capital Harbour Deepening is the largest part, taking up about 47.69% of the market value in 2018.

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The prominent players in the global Harbor Deepening market are:

Boskalis, Van Oord, Jan De Nul Group, DEME, Hyundai Engineering & Construction, Penta Ocean Construction, China Harbor Engineering, Great Lakes Dredge & Dock, Toa Corporation and Other.

Industry News:

February 13, 2020: The US federal government has allocated USD 93 million for the next phase of deepening the Jacksonville shipping channel to 47 feet from its current depth of 40 feet. The government has now fully funded the government's portion of deepening through JAXPORT's Blount Island Marine Terminal."This is a significant win for Jacksonville and as I have said before, the continued support from our state and federal partners demonstrates the strength of JAXPORT's future," Lenny Curry, Jacksonville Mayor, commented.

In November 2019, the U.S Department of Transportation awarded JAXPORT a USD 20 million grant to enable the facility to accommodate more containers on an expanded footprint. To date, the federal government, the state of Florida, JAXPORT, and port tenant SSA Jacksonville have contributed or pledged a combined total of more than USD 394 million dollars toward the cost of the USD 484 million deepening project, the first project of its kind to include funding from a private business.

BOSTON, MA - MARCH 1: A dredger is seen in Boston Harbor on March 1, 2020 in Boston, Massachusetts. (Staff Photo By Angela Rowlings/MediaNews Group/Boston Herald)
Massport's Boston Harbor dredging project -- deepening the harbor and allowing larger tankers and cruise ships to enter the South Boston main ship channel -- is expected to receive a major funding boost from the feds.The U.S. Army Corps of Engineers Civil Works fiscal year 2021 budget proposes $68.4 million to continue funding the $350 million Boston Harbor project, which Massport expects will be completed this fall.

This report presents the worldwide Harbor Deepening market size (value, production and consumption), splits the breakdown (data status 2015-2020 and forecast to 2026), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Harbor Deepening Breakdown Data by Types

Underwater Deepening
Partially Underwater Deepening

Harbor Deepening Breakdown Data by Applications/End Users

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

What are the market factors that are explained in the report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Harbor Deepening Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in the last five years are identified. The trends and strategies section highlights the likely future developments in the market and suggests approaches.

Following are major Table of Content of Harbor Deepening Industry:

o Harbor Deepening Market Sales Overview.
o Harbor Deepening Market Sales Competition by Manufacturers.
o Harbor Deepening Market Sales Analysis by Region.
o Harbor Deepening Market Sales Analysis by Type.
o Harbor Deepening Market Analysis by Application.
o Harbor Deepening Market -Manufacturers Analysis.

The research includes historic data from 2015 to 2019 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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