Global Dredging Market is valued at approximately USDXX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. Dredging is a type of excavation activity that takes place underwater, in shallow seas, harbors, and freshwater regions, with the aim of collecting bottom sediments in order to deepen or enlarge the seabed or sea channel. It is an act of transporting natural resources from one area of the water environment to another by using specialized dredging vessels. The increasing seaborne trade activities, growing demand for energy and gas, coupled with the rising government support are the several factors bolstering the market demand across the globe. For instance, according to Statista, the transport volume of seaborne trade in 2019 was recorded at 11.07 billion tons comparatively rise in transport volume of seaborne trade from 2014 accounted for 9.82 billion tons. Therefore, the increasing seaborne trade is exhibiting a positive influence on the market growth. However, the high cost of investment is associated with dredging, which impedes the growth of the market over the forecast period of 2022-2028. Also, rising investment in advancing present seaport infrastructure and economic development are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global Dredging Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rising trade activities and growing capital investments and maintenance in dredging activities. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the increasing focus on enhancing the tourism segment, as well as growth of the oil & gas industry, would create lucrative growth prospects for the Dredging Market across the Asia-Pacific region.

Major market players included in this report are:
Great Lakes Dredge & Dock Company, LLC
TOA Corporation
Penta-Ocean Construction Co., Ltd.
National Marine Dredging Company
Amrut Dredging and Shipping Ltd.
Callan Marine, Ltd.
Cashman Dredging, Inc.
China Communications Construction Company Limited
Cottrell Contracting Corporation
Dredging Africa (Pty) Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Customer Type:
Government
O&G Companies
Mining Companies
Renewables
Others
By Application:
Trade Activity
Energy Infrastructure
Urban Development
Leisure
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Dredging Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors