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

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.

𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐓𝐨 𝐠𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐈𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐅𝐮𝐥𝐥 𝐓𝐎𝐂, 𝐓𝐚𝐛𝐥𝐞 & 𝐅𝐢𝐠𝐮𝐫𝐞𝐬):
https://www.factmr.com/connectus/sample?flag=S&rep_id=922

𝐇𝐨𝐰 𝐢𝐬 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐟𝐨𝐫 𝐃𝐫𝐞𝐝𝐠𝐢𝐧𝐠 𝐄𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐅𝐚𝐫𝐞 𝐢𝐧 𝐔.𝐊.?

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

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐃𝐫𝐞𝐝𝐠𝐢𝐧𝐠:

By Application
• Trade Activity
• Trade Maintenance
• Energy Infrastructure
• Urban Development
• Coastal Protection
• Leisure

By Customer
• Government
• O&G Companies
• Mining Companies
• Renewables
• Others

By Region
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐰𝐢𝐬𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
𝐖𝐡𝐲 𝐄𝐧𝐞𝐫𝐠𝐲 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐡𝐨𝐥𝐝𝐢𝐧𝐠 𝐚 𝐇𝐢𝐠𝐡𝐞𝐬𝐭 𝐂𝐀𝐆𝐑 𝐢𝐧 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧?
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.

𝐖𝐡𝐲 𝐎𝐢𝐥 & 𝐆𝐚𝐬 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐚𝐫𝐞 𝐀𝐜𝐪𝐮𝐢𝐫𝐢𝐧𝐠 𝐏𝐨𝐩𝐮𝐥𝐚𝐫𝐢𝐭𝐲 𝐚𝐬 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫?

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.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=922

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

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

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

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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This release was published on openPR.