Press release
The Dredging Market Analysis Market Is Projected To Increase At A CAGR Of Over 3.3% During 2022 - 2032
Dredging Market Analysis
The outlook on global seaborne remains overly positive, with upcoming projects, such as One Belt One Road Initiative (OBOR) likely to provide growth opportunities to dredging manufacturers. The prospects of dredging industry are closely tied with the broader developments in the global tourism sector, as construction of new airports and beach replenishments accounts for a sizeable share of total revenues generated by dredging companies.
๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐ ๐๐จ ๐ ๐๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐ง๐๐ฅ๐ฎ๐๐ข๐ง๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐, ๐๐๐๐ฅ๐ & ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ):
https://www.factmr.com/connectus/sample?flag=S&rep_id=922
๐๐จ๐ฐ ๐ข๐ฌ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ซ ๐๐ซ๐๐๐ ๐ข๐ง๐ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ ๐๐ซ๐ ๐ข๐ง ๐.๐.?
The U.K. is a dominating country in Europe with a revenue share of 21% in 2020. The rising demand from oil, mining and energy infrastructure is projected to propel the growth in the country.
In 2020, the U.K. government has stated that, the contribution by energy industries to the U.K. economy is 2.1% of Gross Value Added (GVA), which was 0.3% lower as compared to 2019. The U.K. is likely to reach a valuation of USD 522 Mn with a total contribution of 19% of market share by the end of 2032
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ข๐ง ๐๐ซ๐๐๐ ๐ข๐ง๐ :
By Application
โข Trade Activity
โข Trade Maintenance
โข Energy Infrastructure
โข Urban Development
โข Coastal Protection
โข Leisure
By Customer
โข Government
โข O&G Companies
โข Mining Companies
โข Renewables
โข Others
By Region
โข North America
โข Latin America
โข Europe
โข East Asia
โข South Asia
โข Oceania
โข MEA
๐๐๐ ๐ฆ๐๐ง๐ญ ๐ฐ๐ข๐ฌ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ก๐ฒ ๐๐ง๐๐ซ๐ ๐ฒ ๐๐ง๐๐ซ๐๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐ก๐จ๐ฅ๐๐ข๐ง๐ ๐ ๐๐ข๐ ๐ก๐๐ฌ๐ญ ๐๐๐๐ ๐ข๐ง ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง?
The demand for dredging is growing steadily with rise in requirements from various infrastructure projects, such as hydro, solar, and other renewable energy sectors. Rise in investments towards various energy infrastructure plans are further spurring the growth of dredging manufacturers.
As per a report titled "The Investment Plan for Europe and Energy: Making the Energy Union a Reality", published by the European Commission (EC), the investment plan for the Energy Union is significantly strengthening energy infrastructure in Europe. The energy infrastructure is expected to be valued at USD 2 Billion by the end of 2032.
The report has also stated with key projects in renewable energy and energy infrastructure, the financial cornerstone of the investment plan of European Fund for Strategic Investments (EFSI) has allocated to the energy sector 29% of financing approved by the European Investment Bank (EIB). Such statistics reveals the high potential of the market and the growth scope of key players over the coming years.
๐๐ก๐ฒ ๐๐ข๐ฅ & ๐๐๐ฌ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐ข๐ง๐ ๐๐จ๐ฉ๐ฎ๐ฅ๐๐ซ๐ข๐ญ๐ฒ ๐๐ฌ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐๐ซ?
The demand for dredging is mounting exponentially with the development of the oil & gas industry. According to a report "Oil 2020- Analysis", by the International Energy Agency (IEA) in 2020, the global oil production capacity is likely to grow over 5.9 mb/d by 2025.
According to the United States Energy Information Administration (EIA), the distillate fuel consumption is expected to reach at 4.0 mb/d on an average by 2022, which is 97% of consumption in 2019. With such increase in production and consumption of oil & gas, the manufacturers in the dredging industry will come across greater opportunities to leverage on in the near future.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=922
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
According to the dredging industry analysis, Royal Boskalis Westminster N.V, China Harbour Engineering Company Ltd, Van Oord NV, Dredging Environmental and Marine Engineering NV (DEME) Group, Jan De Nul N.V., Great Lakes Dredge & Dock Corporation, National Marine Dredging Co, Hyundai Engineering & Construction Co. Ltd., Penta-Ocean Construction Co. Ltd and Toa Corporation are identified as key players providing dredging.
The aforementioned players have robust network of customer around the globe. The front runners in the market are tech giants with deep pockets which allows them to participate greatly in development.
Moreover, these companies also deal with diversified services which are custom-made as per individual customer. The growth strategies implemented by prominent players are contracts & agreements, new product developments and collaborations to resist their market position.
Some of the key developments in the market are:
โข In 2020, Dredging Environmental and Marine Engineering NV (DEME) Group has signed a major dredging and land reclamation contract for Abu Qir port in Egypt.
โข In 2020, Jan De Nul Group had partnership with Dogger Bank Wind Farm to transport and install offshore wind.
โข In 2020, Penta-Ocean Construction Co. Ltd announced to acquire the Singapore based company named as M&E Pte Ltd.
โข In 2020, TOA Corporation has signed a contract with Bangladesh Economic Zones Authority (BEZA) for land development at Japanese Economic Zone.
Similarly, recent developments by top providers of dredging have been tracked by the team at Fact.MR, which are available in the detailed report.
Key Companies Profiled:
โข Royal Boskalis Westminster N.V
โข Dredging, Environmental and Marine Engineering NV (DEME)
โข Penta-Ocean Construction Co., Ltd
โข TOA Corporation
โข Hyundai Engineering & Construction Co., Ltd.
โข China Harbour Engineering Company Limited
โข Great Lakes Dredge & Dock Corporation
โข National Marine Dredging Co.
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
https://www.prnewswire.com/news-releases/demand-for-threaded-industrial-fasteners-growing-study-301258547.html
https://www.prnewswire.co.uk/news-releases/entertainment-industry-stimulating-programmable-stage-lighting-sales-study-854323241.html
https://www.prnewswire.com/news-releases/ear-nose-throat-ent-medical-devices-manufacturers-target-applications-in-cataract--glaucoma-treatment-factmr-301262063.html
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