Dredging Market to reach USD 12.73 Bn by 2029, Growth Opportunities, Market Size and Share

Pune 04, May 2023: The global dredging market is expected to reach from USD 10.33 Bn in 2021 to USD 12.73 Bn by 2029, growing at a CAGR of 2.65 Percent during the forecast period, according to a new report published by MMR, a leading market research company.

Dredging Market Report Scope and Research Methodology

Dredging is an excavation operation that is generally done at least partially underwater in shallow water locations to collect bottom sediments and dispose of them at a new site. It is a method of moving natural resources from one section of the sea environment to another using specialized dredging vessels. Dredging's major goal is to maintain rivers and ports passable, as well as to build new ports, coastal protection, land reclamation, and the extraction of sediments such as sand and gravel for use in the building industry.

The report also highlights the impact of Covid-19 on the dredging market. Since the beginning of 2020, the pandemic has drastically slowed the growth of the market. Manufacturers have faced significant difficulties since trading-related operations have been impeded during protracted lockout periods. The financial crisis, as well as a lack of raw materials and manpower, exacerbated the situation for providers. However, with the introduction of immunization and the acceptance of new rules, the world is gradually getting back on track. Dredge activities are gathering up speed as end-use sectors such as commerce, energy infrastructure, urban development, coastal protection, leisure, and others get back on track, resulting in a steadily growing need for dredging material management.

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Dredging Market Dynamics

The population shift to coastal areas is one of the factors driving the growth of the dredging market. As a result, additional coastal land must be domesticated and protected from soil erosion and floods, which prompts dredging efforts in coastal regions. Furthermore, as sea levels rise, more and more coastal communities are experiencing flooding, which creates significant potential for market participants during the forecast period.

In the report, 2021 is considered a base year, and special attention is given to the impact of lockdown on the demand and supply of dredging services. The report also analyzes the effect of lockdown for the next two years on the market. Some companies have done well in lockdown, and a specific strategic analysis of those companies is done in the report.

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Dredging Market Regional Insights

The South Asia & Oceania dredging market now accounts for more than 17.2 percent of revenue and is expected to grow during the forecast period. Dredging initiatives to prevent flooding are increasing in countries such as India, Bangladesh, and Sri Lanka.

Dredging Market Segmentation

By Type:

• Dipper
• Water Injection
• Pneumatic
• Bed Leveler
• Others

By Application:

• Government
• Oil &Gas Companies
• Mining Companies
• Renewables
• Other
• Application

By Customer:

• Machines
• By Hand

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Dredging Market Key Competitors include:

• Royal Boskalis Westminster
• China Harbour Engineering
• Van Oord
• DEME
• Jan De Nul
• Great Lakes
• Weeks Marine
• National Marine Dredging
• Hyundai
• Dock Corp
• Penta-Ocean Construction Co., Ltd.
• TOA Corporation
• Vosta LMG
• J.F. Brennan

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Table of Content for Dredging Market

Global Dredging Market: Research Methodology

Global Dredging Market: Executive Summary

Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global Dredging Market: Competitive Analysis

MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global Dredging Market Segmentation

Global Market, by Type (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by Customer (2021-2029)

Regional Dredging Market (2021-2029)

Regional Market, by Type (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Customer (2021-2029)
Regional Market, by Country (2021-2029)

Company Profile: Key players

Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

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Key Types:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Type, Application and Customer
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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