Press release
Dredging Market to Reach $20.6 Billion by 2034, Growing at 2.2% CAGR from 2024
Download Sample Report Copy Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=48906&utm_source=OpenPR_Sandeep&utm_medium=OpenPR
Analyst Viewpoint
Investments in maritime safety are significantly boosting dredging market revenue. Dredging enhances maritime safety and facilitates economic activities at ports by ensuring the fluidity and safety of traffic in fairways. Additionally, the focus on harbor restoration is propelling the market value as dredging is essential for managing water levels and maintaining navigable channels.
Market Introduction
Dredging involves removing material from the bed or banks of a waterway and disposing of it in another part of the waterway. Dredgers are specialized equipment that can dig, transport, and dump underwater soil. Various types of dredgers available in the market include:
Cutter Suction Dredgers: Hydraulic dredgers using centrifugal pumps with a rotating cutter head to loosen, lift, and transport dredged material.
Trailing Suction Hopper Dredgers: Collect sand and silt from the seabed and transport it over large distances.
Bucket Dredgers: Mechanical dredgers equipped with a continuous chain of buckets used for new or maintenance dredging projects.
Grab Dredgers, Mechanical Dredgers, Hydraulic Dredgers, Suction Dredgers, Water Injection Dredgers, Submersible Dredgers, and Amphibious Dredgers.
Market Drivers
Rise in Investment in Maritime Safety:
Projects aimed at deepening water channels to ensure safe navigation and maintain navigable waterways are augmenting the adoption of various dredging equipment.
Example: The European Commission approved €146 million in funding for infrastructure works and dredging in and around the Port of Gothenburg in 2023.
Surge in Focus on Harbor Restoration:
Natural processes like sedimentation necessitate dredging for harbor restoration, improving navigability for ships and removing contaminants from the harbor ecosystem.
Example: A US$ 45 million investment was made in 2023 for critical maintenance of harbors in Sydney, Australia.
Regional Outlook
Leading Region: Asia Pacific
Asia Pacific held the largest market share in 2023, driven by significant investments in port construction and modernization. China is heavily investing in port development, with 18 automated container terminals currently in operation and 27 under construction or being upgraded. India's Sagarmala Project, which includes 234 projects for implementation, is also boosting market growth in the region.
Key Players and Developments
Key players in the dredging market include Van Oord, Boskalis, Jan De Nul Group, DEME Group, China Communications Construction Company Limited, Great Lakes Dredge & Dock Corporation, Weeks Marine Inc., Dredging Corporation of India Limited, TOA Corporation, and Penta-Ocean Construction Co., Ltd.
Recent Developments
Neptune Marine: Launched its first in-house designed diesel-electric dredger, Emerald Duchess, in May 2024.
Shandong Haohai Dredging Equipment Co. Ltd. (HID Dredging): Delivered an 18-inch cutter suction dredger to a customer in China in May 2024.
Van Oord: Completed the dredging of the outer channel to the Port of Suape in Brazil in May 2024.
Market Segmentation
By Type:
Cutter Suction Dredger
Trailing Suction Hopper Dredger
Bucket Dredger
Grab Dredger
Mechanical Dredger
Hydraulic Dredger
Suction Dredger
Water Injection Dredger
Submersible Dredger
Amphibious Dredger
Others
By Material Type:
Sand
Silt
Clay
Gravel
Rock
Sediment Mixtures
Others
By Application:
Capital Dredging
Maintenance Dredging
Land Reclamation
Beach Nourishment
Harbor Deepening
Environmental Remediation
Others
By End-use Industry:
Ports and Harbors
Oil & Gas
Mining
Renewable Energy
Construction
Environment
Others
Regional Coverage
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Markets
Countries Covered:
U.S.
Canada
Germany
U.K.
France
Italy
Russia & CIS
Japan
China
India
ASEAN
Brazil
Mexico
South Africa
GCC
Companies Profiled
Van Oord
Boskalis
Jan De Nul Group
DEME Group
China Communications Construction Company Limited
Great Lakes Dredge & Dock Corporation
Weeks Marine Inc.
Dredging Corporation of India Limited
TOA Corporation
Penta-Ocean Construction Co., Ltd.
Market Snapshot
Market Size in 2023: USD 16.4 billion
Market Forecast (Value) in 2034: USD 20.6 billion
Growth Rate (CAGR): 2.2%
Forecast Period: 2024-2034
Quantitative Units: USD billion for value
Market Analysis: Includes segment analysis, regional level analysis, drivers, restraints, opportunities, key trends, Porter's Five Forces Analysis, value chain analysis, and key trend analysis.
Conclusion
The dredging market (Baggermarkt) is set for steady growth, driven by increased investments in maritime safety and harbor restoration projects. Asia Pacific is the leading region, supported by significant investments in port infrastructure. Key players are innovating with diesel-electric dredgers and other advanced technologies to enhance efficiency and reduce environmental impact.
Purchase Full Report Here: https://www.transparencymarketresearch.com/checkout.php?rep_id=48906<ype=S&utm_source=OpenPR_Sandeep&utm_medium=OpenPR
More Reports from Transparency Market Research
Liquefied Petroleum Gas Market (Markt für Flüssiggas): https://www.transparencymarketresearch.com/liquefied-petroleum-gas-market.html
Aluminum-ion Battery Market (液化石油ガス市場): https://www.transparencymarketresearch.com/aluminum-ion-battery-market.html
Contact Us:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Dredging Market to Reach $20.6 Billion by 2034, Growing at 2.2% CAGR from 2024 here
News-ID: 3611245 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Dredge
Dredge Automation Market 2021 | Detailed Report
Dredge Automation Market Forecasts report provided to identify significant trends, drivers, influence factors in global and regions, agreements, new product launches and acquisitions, Analysis, market drivers, opportunities and challenges, risks in the market, cost and forecasts to 2027.
Get Free Sample PDF (including full TOC, Tables and Figures) of Dredge Automation Market @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4677867
The report provides a comprehensive analysis of company profiles listed below:
- Alewijnse
- Aquatics ESI
- Xylem
- TDK Dredging
-…
Global Dredging Equipment Market Outlook 2020-2026 | Damen, Dredge Yard, Eliicot …
LOS ANGELES, United States:
The global Dredging Equipment market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research’s latest publication, titled global Dredging Equipment market, offers an insightful take on the drivers and restraints present in the market. It assesses the historical data pertaining to the global Dredging Equipment market and…
Dredge Yard launched its new website
Dredge Yard, dedicated to the market of dredging and mining components, equipment and technology, launched its new website last week. With the new website the focus products will be the ECO200 dredger, ECO350 dredger, cutter suction dredger 450 and cutter suction dredger 550. It gives the visitor the easiest experience to find more information about dredging equipment and technology.
Web design
The modern but simple web design, readable images and meaningful content…
Dredge Yard Launches Dredge Valves
Recently Dredge Yard has released a new dredge valve, a product designed and produced as all other Dredge Yard products using the latest 3D CAD technologies, latest production methods and testing facilities used worldwide.
Dredge valve is used to control the flow of water and sand in the suction and discharge pipes of either cutter suction dredgers or trailing suction hopper dredgers.
The dredge valve is designed in such a way that…
Wide range of dredge ball joints introduced by Dredge Yard
Dredge Yard, the provider and manufacturer of dredging equipment, has now introduced a very wide range of dredge ball joints for its customers.
In order to provide customer with the best suitable solution and lowest cost, Dredge Yard specialists designed the dredge ball joints in 6 different types, giving variations of tilting angle from 15 to 18 degrees and duties for operating from 10 bar to 30 bar. All the details…
DREDGE YARD - Extending life time of dredge components using FEA
DREDGE YARD’s components and equipment are designed using FEA in order to optimize the design and ensure low stress forces in the material. In this way the life time of the equipment is increased and the cost price is reduced.
By the late 70’s, FEA – Finite Element Analysis was limited owned by the aeronautics, defence, nuclear and automotive industries. Later, due to a impressive increase in computing power and…
