The Dredging Global Market Report 2023, provides comprehensive information on the dredging market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Dredging Global Market Report 2023, the global dredging market size is expected to grow from $12.11 billion in 2022 to $12.58 billion in 2023 at a compound annual growth rate (CAGR) of 3.9 %. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the dredging market is expected to grow to $14.39 billion in 2027 at a CAGR of 3.4%.
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Product innovations have emerged as a key trend gaining popularity in the dredging market. Major companies operating in the dredging sector are focused on developing new innovative products to strengthen their position in the market. For instance, in May 2022, Damen Shipyards, a subsidiary of Netherlands-based Damen Holdings, introduced the new Trailing Suction Hopper Dredger (TSHD) series that ranges from 800 m³ to 5,000 m³ which is efficient in operation, practical in maintenance, and customizable for each specific dredging operation. They are unique in that they use their own propulsion during the excavation of deposits from a borrow area and then can cart the material to the placement area.
The dredging market is segmented:
1) By Type: Dipper, Water Injection, Pneumatic, Bed Leveler, Other Types
2) By Application: Trade Activity, Trade Maintenance, Energy Infrastructure, Urban Development, Coastal Protection, Leisure
3) By End User: Oil And Gas Companies, Mining Companies, Renewables, Other End Users
Asia-Pacific was the largest region in the dredging market in 2022.
The table of contents in TBRC’s dredging market report includes:
1. Executive Summary
2. Dredging Market Characteristics
3. Dredging Market Trends And Strategies
4. Dredging Market – Macro Economic Scenario
5. Dredging Market Size And Growth
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26. Africa Dredging Market
27. Dredging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Dredging Market
29. Dredging Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
Royal Boskalis Westminster N.V.
Van Oord NV
Dredging Environmental and Marine Engineering N.V.
Jan De Nul N.V.
Great Lakes Dredge & Dock Corporation
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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