Press release
Dredging Market Set to Reach $13.06 Billion by 2030, Growing at a 2.65% CAGR
Dredging Market
The global dredging market is witnessing significant growth, fueled by increasing investments in port infrastructure, land reclamation projects, and urban development initiatives. In 2023, the market was valued at approximately USD 11.2 billion and is projected to grow at a robust CAGR of 5.8% during the forecast period from 2024 to 2030, reaching nearly USD 17.3 billion. Key players like ๐๐จ๐ฌ๐ค๐๐ฅ๐ข๐ฌ, ๐๐๐ง ๐๐จ๐ซ๐, ๐๐๐๐,and ๐๐ซ๐๐๐ญ ๐๐๐ค๐๐ฌ ๐๐ซ๐๐๐ ๐ & ๐๐จ๐๐ค ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง are driving innovation and sustainability in the industry.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/110051/
๐๐ข๐๐ญ๐ง๐๐ฆ: ๐๐ซ๐๐๐ ๐ข๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ ๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐๐จ๐ง๐จ๐ฆ๐ฒ
Vietnam is emerging as a key market for dredging activities, particularly due to its strategic location in Southeast Asia. Major projects in port development and land reclamation have attracted significant investments. Recent collaborations, such as the joint venture between ๐๐ข๐ง๐ก ๐๐๐ง ๐๐จ๐ซ๐ญ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ and ๐๐ฒ๐ฎ๐ง๐๐๐ข ๐๐ง๐ ๐ข๐ง๐๐๐ซ๐ข๐ง๐ , underscore Vietnam's commitment to expanding its maritime infrastructure.
๐๐ก๐๐ข๐ฅ๐๐ง๐: ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐จ๐๐ฌ๐ญ๐๐ฅ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ
Thailand's dredging market is driven by tourism-related coastal development and flood management projects. Recent initiatives like the Chao Phraya River Basin enhancement program highlight the growing importance of dredging in mitigating climate-related challenges. Companies such as ๐๐ญ๐๐ฅ๐ญ๐ก๐๐ข ๐๐๐ซ๐ข๐ง๐ have been actively involved in key dredging projects across the country.
๐๐๐ฉ๐๐ง: ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐ซ๐๐๐ ๐ข๐ง๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ
Japan is leveraging advanced technologies to enhance its dredging efficiency. With the government's focus on port modernization, companies like Penta-Ocean Construction have played a pivotal role in delivering cutting-edge dredging solutions. Recent mergers, such as ๐๐๐ฃ๐ข๐ฆ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง'๐ฌ acquisition of local dredging firms, have strengthened Japan's market capabilities.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/110051/
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ซ๐ข๐ญ๐ข๐ฆ๐ ๐๐๐๐ญ๐จ๐ซ
South Korea's dredging industry is marked by consolidation, with companies like ๐๐ฒ๐ฎ๐ง๐๐๐ข ๐๐ง๐ ๐ข๐ง๐๐๐ซ๐ข๐ง๐ & ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง leading major projects. The Busan Port expansion and other similar initiatives have cemented South Korea's position as a hub for maritime trade. Key developments include a strategic partnership between ๐๐๐ฆ๐ฌ๐ฎ๐ง๐ ๐&๐ and international dredging firms to accelerate project delivery.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐๐ง๐ ๐๐๐๐ฅ๐๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐ซ๐จ๐ฃ๐๐๐ญ๐ฌ
Singapore continues to dominate the land reclamation segment, with ongoing projects like Tuas Mega Port. The city-state's reliance on dredging for urban development has attracted players like ๐๐จ๐ฒ๐๐ฅ ๐๐จ๐ฌ๐ค๐๐ฅ๐ข๐ฌ ๐๐๐ฌ๐ญ๐ฆ๐ข๐ง๐ฌ๐ญ๐๐ซ and ๐๐๐ง ๐๐จ๐ซ๐. Recent government initiatives aim to integrate sustainable practices in dredging operations, enhancing environmental compliance.
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ง๐๐ซ๐๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ
The United States is investing heavily in dredging for flood control and harbor deepening projects. The recent $300 million expansion of the Port of Houston has created opportunities for companies like ๐๐ซ๐๐๐ญ ๐๐๐ค๐๐ฌ ๐๐ซ๐๐๐ ๐ & ๐๐จ๐๐ค ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง. Federal programs under the U.S. Army Corps of Engineers continue to drive industry growth.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/110051/
๐๐ฎ๐ซ๐จ๐ฉ๐: ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ข๐ฅ๐ข๐ญ๐ฒ
Europe's dredging market is characterized by a strong focus on sustainability. Projects like the Maasvlakte 2 in the Netherlands demonstrate the region's commitment to eco-friendly dredging practices. Companies such as ๐๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ have pioneered green dredging technologies, aligning with stringent EU environmental regulations.
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
Boskalis secured a major contract for the expansion of the Port of Antwerp in Belgium.
Van Oord announced its participation in Vietnam's Long Son Petrochemical Complex dredging project.
The U.S. Army Corps of Engineers awarded a $200 million dredging contract to Great Lakes Dredge & Dock Corporation for the Mississippi River.
DEME launched a new dredger powered by renewable energy, setting a benchmark in sustainable operations.
Penta-Ocean Construction partnered with the University of Tokyo to develop AI-driven dredging technologies.
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/global-dredging-market/110051/
๐๐ซ๐๐๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ฒ๐ฉ๐
Dipper
Water Injection
Pneumatic
Bed Leveler
Others
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Government
Oil &Gas Companies
Mining Companies
Renewables
Other
Application
๐๐ฒ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐๐ซ
Machines
By Hand
๐๐ซ๐๐๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. Royal Boskalis Westminster
2. China Harbour Engineering
3. Van Oord
4. DEME
5. Jan De Nul
6. Great Lakes
7. Weeks Marine
8. National Marine Dredging
9. Hyundai
10. Dock Corp
11. Penta-Ocean Construction Co., Ltd.
12. TOA Corporation
13. Vosta LMG
14. J.F. Brennan
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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