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The Dredging Market Analysis Market Is Projected To Increase At A CAGR Of Over 3.3% During 2022 - 2032

11-08-2022 07:21 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Dredging Market Analysis

Dredging Market Analysis

The trade activity in the dredging market is expected to reach a valuation of USD 4 Billion by the end of 2032. And, considering the fact that over 70% of trade by volume and 80% of trade by value are carried through sea. According to United Nations Conference on Trade and Development (UNCTAD), the overall seaborne trade volumes surpassed 10 Billion tons in 2020, with shipment trade to fall by 4.1% due to Covid-19 in 2020.

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.

๐‚๐ฅ๐ข๐œ๐ค ๐‡๐ž๐ซ๐ž ๐“๐จ ๐ ๐ž๐ญ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ (๐ˆ๐ง๐œ๐ฅ๐ฎ๐๐ข๐ง๐  ๐…๐ฎ๐ฅ๐ฅ ๐“๐Ž๐‚, ๐“๐š๐›๐ฅ๐ž & ๐…๐ข๐ ๐ฎ๐ซ๐ž๐ฌ):
https://www.factmr.com/connectus/sample?flag=S&rep_id=922

๐‡๐จ๐ฐ ๐ข๐ฌ ๐ญ๐ก๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ÿ๐จ๐ซ ๐ƒ๐ซ๐ž๐๐ ๐ข๐ง๐  ๐„๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐…๐š๐ซ๐ž ๐ข๐ง ๐”.๐Š.?

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

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐‚๐จ๐ฏ๐ž๐ซ๐ž๐ ๐ข๐ง ๐ƒ๐ซ๐ž๐๐ ๐ข๐ง๐ :

By Application
โ€ข Trade Activity
โ€ข Trade Maintenance
โ€ข Energy Infrastructure
โ€ข Urban Development
โ€ข Coastal Protection
โ€ข Leisure

By Customer
โ€ข Government
โ€ข O&G Companies
โ€ข Mining Companies
โ€ข Renewables
โ€ข Others

By Region
โ€ข North America
โ€ข Latin America
โ€ข Europe
โ€ข East Asia
โ€ข South Asia
โ€ข Oceania
โ€ข MEA

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐ฐ๐ข๐ฌ๐ž ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐–๐ก๐ฒ ๐„๐ง๐ž๐ซ๐ ๐ฒ ๐ˆ๐ง๐Ÿ๐ซ๐š๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐ž ๐ก๐จ๐ฅ๐๐ข๐ง๐  ๐š ๐‡๐ข๐ ๐ก๐ž๐ฌ๐ญ ๐‚๐€๐†๐‘ ๐ข๐ง ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง?
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.

๐–๐ก๐ฒ ๐Ž๐ข๐ฅ & ๐†๐š๐ฌ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ ๐š๐ซ๐ž ๐€๐œ๐ช๐ฎ๐ข๐ซ๐ข๐ง๐  ๐๐จ๐ฉ๐ฎ๐ฅ๐š๐ซ๐ข๐ญ๐ฒ ๐š๐ฌ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ž๐ซ?

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.

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=922

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž

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:
โ€ข 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.
โ€ข In 2020, Jan De Nul Group had partnership with Dogger Bank Wind Farm to transport and install offshore wind.
โ€ข In 2020, Penta-Ocean Construction Co. Ltd announced to acquire the Singapore based company named as M&E Pte Ltd.
โ€ข 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:
โ€ข Royal Boskalis Westminster N.V
โ€ข Dredging, Environmental and Marine Engineering NV (DEME)
โ€ข Penta-Ocean Construction Co., Ltd
โ€ข TOA Corporation
โ€ข Hyundai Engineering & Construction Co., Ltd.
โ€ข China Harbour Engineering Company Limited
โ€ข Great Lakes Dredge & Dock Corporation
โ€ข National Marine Dredging Co.

๐…๐จ๐ซ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:

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

Contact:
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