Asia-Pacific Dredging Market Trends, Growth, Industry Analysis and Forecast - 2025

Asia-Pacific dredging market is estimated to grow at a CAGR of nearly 2.5% during the forecast period. Increasing government investments for dredging and extreme seaborne trade operations are the major factors contributing to market growth. Asia-Pacific holds a potential share in the global export and therefore, seven out of the top ten busiest ports are in Asia-Pacific from consecutive years, as per the data by World Shipping Council. Asia-Pacific Communications Construction Company, Ltd. (CCCC) is among the largest companies globally providing dredging services, operating mainly in Asia-Pacific and some of its neighbouring countries. Owing to the increasing Chinese ports' volume and emerging port handling capacity, the country is significantly focusing on modernizing the ports. Existence of thousands of rivers is further encouraging the demand for dredging operations in the country.

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Some prominent players in the market include CCCC, Dredging Corp. of India Ltd. (DCIL), Inai Kiara Sdn Bhd, The Cooper Group of Companies (CGC), and Hyundai Engineering and Construction Co., Ltd.

Therefore, Chinese dredging companies have undertaken a large amount of dredging and reclamation works for ports, navigation channels, irrigation, and environmental protection. Moreover, Indian government initiatives including the National Perspective Plan for Sagarmala is estimated to boost the demand for dredging services. Under the scheme, six new mega ports will be developed in India. Other emerging economies such as Bangladesh has also reported focusing on dredging activities. For instance, in February 2020, the Bangladesh government declared a master plan to dredge 10,000 km of rivers to increase their navigation ability that will facilitate water transportation. Nearly 178 rivers will be dredged in the next five years. This, in turn, has emerged the demand for dredging equipment in the region.

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CCCC scope of dredging business mainly includes infrastructure dredging, maintenance dredging, environmental dredging, and reclamation, as well as supporting projects related to dredging and land reclamation. The company received multiple contracts from domestic as well as international markets. Further, DCIL dredging activities includes executing capital and maintenance dredging for new and existing ports.

Some major contracts received by Dredging Corp. of India Ltd. include-

Maintenance dredging in Hooghly Estuary in the shipping channel of Kolkata Port Trust for five years (2017-2022)
Dredging for maintenance of channels and basins at Cochin Port for 2018-19
Maintenance Dredging at Cochin Shipyard for 5 Years from 2015 and Capital dredging work carried out in connection with INS Vikramaditya for 2018-19

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Market Segmentation

Asia-Pacific Dredging Market by Type

Mechanical Dredger
Bucket Dredger
Grab Dredger
Backhoe Dredger
Hydraulic Dredger
Suction
Cutter Suction Dredger
Trailing Suction Hopper Dredger
Barge Unloading Dredger

Asia-Pacific Dredging Market by End-User

Government
Oil and Gas Companies
Mining Companies
Others (Renewable Energy)

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