The global dredging market value is estimated to be US$ 16,684.12 million in 2024 according to the updated industry analysis report. The overall market is predicted to grow at a moderate CAGR of 2.15% during the forecast period. The global dredging industry share is estimated to reach a value of nearly US$ 20,638.92 million by 2034.
Report Attribute | Details |
---|---|
Dredging Market Size (2024) | US$ 16,684.12 million |
Market Anticipated Forecast Value (2034) | US$ 20,638.92 million |
Market Projected Growth Rate (2024 to 2034) | 2.15% CAGR |
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The global dredging market was valued at US$ 15,246.87 million in 2019. The global demand for dredging activities increased at a rate of 1.84% between 2019 and 2023. The overall market value was about US$ 16,138.94 million by 2023.
While trade activity slowed in 2020 and 2021, it picked up steam in 2022 and 2023, providing better opportunity for the adoption and advancement of dredging services. Demand for dredging services also remained a crucial part of all significant maritime infrastructure projects during this period.
Attributes | Details |
---|---|
Dredging Market Value (2019) | US$ 15,246.87 million |
Market Revenue (2023) | US$ 16,138.94 million |
Market Historical Growth Rate (CAGR 2019 to 2023) | 1.84% CAGR |
The expanded demand for environmental dredging depends on technological advancements to address the growing pollution problems. Moreover, natural gas and hydrogen gas are marketed by dredging firms as suitable substitutes.
The dredging industry is expanding fast with advancements in equipment that increase productivity, and accuracy, and minimizes environmental effects. To increase productivity and efficiency, dredging services are also using equipment updates and dredger monitoring systems.
The table below lists the regions or countries that are likely to present lucrative growth opportunities in the dredging sector.
Regional Market Comparison | CAGR (2024 to 2034) |
---|---|
United States | 2% |
Germany | 3.8% |
United Kingdom | 1.4% |
Japan | 5.7% |
China | 5.1% |
Demand in the United States dredging market is anticipated to increase at a CAGR of 2% over the forecast period.
Adoption of dredging services in Germany is poised to increase at a rate of 3.8% per year through the projected years.
The dredging service providers in the United Kingdom are expected to witness 1.4% growth per year till 2034 on average.
The dredging industry of China is projected to expand at a rate of 5.1% during the forecast years.
Demand for dredging services is likely to witness the most lucrative growth rate of 5.7% during the forecast years.
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Based on customer type, local and federal governments are anticipated to create 45.5% of the total demand in 2024.
Attributes | Details |
---|---|
Top Customer Type or Segment | Government |
Total Market Share in 2024 | 45.5% |
Based on application, the trade maintenance segment is poised to contribute for 30.6% of the global market share in 2024.
Attributes | Details |
---|---|
Top Application Type or Segment | Trade Maintenance |
Total Market Share in 2024 | 30.6% |
The overall market is fragmented in nature as the nature of the dredging business is highly region-specific. However, large-scale projects like land reclamation, canal and port development, and offshore energy projects typically involve major international contractors from Europe and Asia. They have a greater capacity to handle these difficulties due to their large and varied fleets of vessels and cutting-edge equipment.
Recent Developments in the Global Dredging Market
Attribute | Details |
---|---|
Estimated Market Size (2024) | US$ 16,684.12 million |
Projected Market Size (2034) | US$ 20,638.92 million |
Anticipated Growth Rate (2024 to 2034) | 2.15% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | US$ million or billion for Value and Units for Volume |
Key Regions Covered | North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
Key Segments Covered | By Costumer Type, By Application, and By Region |
Key Companies Profiled |
|
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The global dredging market is estimated to be around US$ 16,684.12 million in 2024.
The global dredging market is to grow at 2.15% during the forecast period.
The global dredging market is predicted to be valued at US$ 20,638.92 million by 2034.
The global dredging market was valued at US$ 15,246.87 million in 2019.
Governments account for nearly 45.5% revenue share of the global dredging market.
India is predicted to grow at a significant CAGR during the forecast period.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Customer Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Customer Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Customer Type, 2024 to 2034
5.3.1. Government
5.3.2. O&G Companies
5.3.3. Mining Companies
5.3.4. Renewable Companies
5.3.5. Others
5.4. Y-o-Y Growth Trend Analysis By Customer Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Customer Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2024 to 2034
6.3.1. Trade Activity
6.3.2. Trade Maintenance
6.3.3. Energy Infrastructure
6.3.4. Urban Development
6.3.5. Coastal Protection
6.3.6. Leisure
6.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Customer Type
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Customer Type
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Customer Type
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Customer Type
9.3.3. By Application
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Customer Type
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Customer Type
10.3.3. By Application
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Customer Type
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Customer Type
11.3.3. By Application
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Customer Type
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Customer Type
12.3.3. By Application
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Customer Type
13.2.3. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Customer Type
13.3.3. By Application
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Customer Type
14.2.3. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Customer Type
14.3.3. By Application
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Market Share Analysis, 2023
15.1.1.1. By Customer Type
15.1.1.2. By Application
15.2. Canada
15.2.1. Market Share Analysis, 2023
15.2.1.1. By Customer Type
15.2.1.2. By Application
15.3. Brazil
15.3.1. Market Share Analysis, 2023
15.3.1.1. By Customer Type
15.3.1.2. By Application
15.4. Mexico
15.4.1. Market Share Analysis, 2023
15.4.1.1. By Customer Type
15.4.1.2. By Application
15.5. Germany
15.5.1. Market Share Analysis, 2023
15.5.1.1. By Customer Type
15.5.1.2. By Application
15.6. UK
15.6.1. Market Share Analysis, 2023
15.6.1.1. By Customer Type
15.6.1.2. By Application
15.7. France
15.7.1. Market Share Analysis, 2023
15.7.1.1. By Customer Type
15.7.1.2. By Application
15.8. Spain
15.8.1. Market Share Analysis, 2023
15.8.1.1. By Customer Type
15.8.1.2. By Application
15.9. Italy
15.9.1. Market Share Analysis, 2023
15.9.1.1. By Customer Type
15.9.1.2. By Application
15.10. Poland
15.10.1. Market Share Analysis, 2023
15.10.1.1. By Customer Type
15.10.1.2. By Application
15.11. Russia
15.11.1. Market Share Analysis, 2023
15.11.1.1. By Customer Type
15.11.1.2. By Application
15.12. Czech Republic
15.12.1. Market Share Analysis, 2023
15.12.1.1. By Customer Type
15.12.1.2. By Application
15.13. Romania
15.13.1. Market Share Analysis, 2023
15.13.1.1. By Customer Type
15.13.1.2. By Application
15.14. India
15.14.1. Market Share Analysis, 2023
15.14.1.1. By Customer Type
15.14.1.2. By Application
15.15. Bangladesh
15.15.1. Market Share Analysis, 2023
15.15.1.1. By Customer Type
15.15.1.2. By Application
15.16. Australia
15.16.1. Market Share Analysis, 2023
15.16.1.1. By Customer Type
15.16.1.2. By Application
15.17. New Zealand
15.17.1. Market Share Analysis, 2023
15.17.1.1. By Customer Type
15.17.1.2. By Application
15.18. China
15.18.1. Market Share Analysis, 2023
15.18.1.1. By Customer Type
15.18.1.2. By Application
15.19. Japan
15.19.1. Market Share Analysis, 2023
15.19.1.1. By Customer Type
15.19.1.2. By Application
15.20. South Korea
15.20.1. Market Share Analysis, 2023
15.20.1.1. By Customer Type
15.20.1.2. By Application
15.21. GCC Countries
15.21.1. Market Share Analysis, 2023
15.21.1.1. By Customer Type
15.21.1.2. By Application
15.22. South Africa
15.22.1. Market Share Analysis, 2023
15.22.1.1. By Customer Type
15.22.1.2. By Application
15.23. Israel
15.23.1. Market Share Analysis, 2023
15.23.1.1. By Customer Type
15.23.1.2. By Application
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Customer Type
16.3.3. By Application
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. HYUNDAI E&C
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. Dredging, Environmental and Marine Engineering NV (DEME)
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. Great Lakes Dredge & Dock Company, LLC
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. TOA Corporation
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. Penta-Ocean Construction Co., Ltd.
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. National Marine Company
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. Amrut and Shipping Ltd.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. CALLAN MARINE, LTD.
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. CASHMAN DREDGING, INC.
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.10. Africa (Pty) Ltd
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.11. COTTRELL CONTRACTING CORPORATION
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.12. J.F. Brennan Company, Inc.
17.1.12.1. Overview
17.1.12.2. Product Portfolio
17.1.12.3. Profitability by Market Segments
17.1.12.4. Sales Footprint
17.1.12.5. Strategy Overview
17.1.12.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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