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Germany Dredging Market Growth, Size, Opportunity, Share and Forecast 2020-2026

07-31-2020 04:48 PM CET | Industry, Real Estate & Construction

Press release from: Orion Market Research

Germany Dredging Market

Germany Dredging Market

Germany dredging market is estimated to grow at a CAGR of nearly 2.1% during the forecast period. Germany is one of the major contributors to the growth of the dredging market in Europe. The major factors that are driving the German market include the presence of some of the major ports and serving the sediment transport and management activities in the country.

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The Port of Hamburg is considered one of the most important seaports in Europe and the logistics centre for the North of Germany and as such one of the supports for economic growth. Nearly 10,000 ships a year use the Port of Hamburg. Nearly 1,700 transport companies have their head office and twenty of the twenty-five largest liner shipping companies in the world have their Germany head office or a subsidiary in Hamburg. The Hamburg Port Authority (HPA) is active in the Port of Hamburg wherever efficiency, safety, and economy are important.

According to the Central Dredging Association (CEDA), around 46 million m3/a of dredged material is obtained from the maintenance of total waterbodies in Germany every year. In which, nearly 76.1% of dredged material is obtained from 35 coastal waterways in the country, followed by 13.1% from seaports. As per the Germany Commission, Germany has a coastline of over 3,500 km along both the Baltic sea (2,009 km) and the North Sea (1,515 km). In addition, the occurrence of dramatic flood events in Germany contributes to the increasing demand for dredging activities in the country. The expected Sea Level Rise (SLR), the length of the coastline, and the considerable number of low-lying areas near the North and Baltic Sea make Germany sensitive to coastal flooding. This, in turn, increases the rate of dredging in the country to avoid floods.

The major players operating in the market include ContiTech AG, DEME N.V., Royal Boskalis Westminster N.V., and Bosch Rexroth AG. In February 2020, DEME Group received a contract as part of a joint venture (JV) to expand a 4 km stretch of Kiel Canal in Germany. Work was started in January 2020 and expected to end by 2023. The expansion will contribute to significantly augment the efficiency of the waterway, which is essential for global shipping. The work was commissioned by the Federal Waterways & Shipping Administration, represented by WSA Kiel-Holtenau. The total value of the contract is approximately $109.3 million.

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Company Profiles
• Aurum Pumpen GmbH
• Bosch Rexroth AG
• ContiTech AG
• Dredging Environmental and Marine Engineering (DEME) N.V.
• DÜCHTING PUMPEN Maschinenfabrik GmbH & Co. KG
• Möbius Dredging Service & Consulting GmbH
• MRS Greifer GmbH
• Orts GmbH Maschinenfabrik
• Royal Boskalis Westminster N.V.
• Senwatec GmbH & Co. KG.

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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Contact no: +91 780-304-0404

About us:
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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