Pune, Maharashtra -- (SBWire) -- 05/10/2019 --The global dredging market has witnessed its share of ups and downs over past decade, and especially during post economic crisis years. However, with the recovery in global economy, the global trade grew significantly. Spurt in global infrastructure activities has necessitated the need for expansion of existing ports, and development of new ones. Additionally, considering the fact that over 85% of global trade is carried out through sea trade, maintaining existing pathways and creating new ones has gained prominence.
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Tourism Sector – a Catalyzer for Global Dredging Market
The prospects of dredging industry are closely tied with the broader developments in the global tourism sector, as construction of new airports and beach replenishments accounts for a sizeable share of total revenues generated by dredging companies. According to data from World Tourism Organization, the total number of international tourist arrivals in 2016 stood at over 1.2 billion.
The direct, indirect, and induced revenue generated in the global travel and tourism sector were pegged at over US$ 7.5 trillion in 2016. In spite of uncertainty in the global political sphere, the global tourism sector is projected to grow at a brisk pace in the foreseeable future, providing opportunities to dredging service providers in the due course.
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Dominance of Belgian and Dutch Dredging Companies Continues
The world's four biggest dredging companies are from Belgium and Netherlands. DEME and Jan De Nul from Belgium, and Boskalis and Van Oord from the Netherlands were around during the 1980s when the global dredging market was highly consolidated, with the presence of over 20 dredging companies in Belgium and Netherlands alone.
Through a series of mergers and acquisitions (with the exception of Jan De Nul), these companies strengthened their position, and today, they are part of the 'Big Four' in the global market, as highlighted in a recently published report by Fact.MR. These four companies have, amongst them, handled some of the most iconic and complex projects globally. These four companies are likely to continue their market domination throughout the forecast period.
What other Players are Dredging, then?
The report by Fact.MR distinguishes players in global dredging market among three key strategic groups subjected to their focus and regional presence. Leading players in the dredging market which comprehensively focusses on dredging and has operational span across the globe. Companies like Jan De Nul, Boskalis, Van Oord and DEME are such companies clearly exhibit leading position in the global dredging market. The other group of companies, which do not boast dredging as their key business function, however, account for the substantial share of the global dredging business.
Construction companies from Asia are leading in this cluster of companies. China Construction Communication Company (CCCC), Hyundai Engineering & Construction, Samsung Engineering & Construction, Toa Corporation are dominant players in this category of dredging business. These companies have operational span less than the leading category of aforementioned players in dredging specialist companies. Predominantly, construction is the key business function of these companies, but they also offer services as dredger across diverse geographies.
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Table of Contents Covered in the report are:
1. Global Dredging Market - Executive Summary
2. Global Dredging Market Overview
2.1. Introduction
2.1.1. Global Dredging Market Taxonomy
2.1.2. Global Dredging Market Definition
2.2. Global Dredging Market Size (US$ Mn) and Forecast, 2018-2028
2.2.1. Global Dredging Market Y-o-Y Growth
2.3. Global Dredging Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Cost Structure Analysis
2.5. Pricing Analysis
2.6. Trade Outlook and Flow
2.7. Value Chain Assessment and Profitability Margins
2.8. Free and Open Market Assessment
2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Dredging Market Analysis and Forecast By Application
3.1. Global Dredging Market Size and Forecast By Application, 2018-2028
3.1.1. Trade Activity Dredging Market Size and Forecast, 2018-2028
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Trade Maintenance Dredging Market Size and Forecast, 2018-2028
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
3.1.3. Energy Infrastructure Dredging Market Size and Forecast, 2018-2028
3.1.3.1. Revenue (US$ Mn) Comparison, By Region
3.1.3.2. Market Share Comparison, By Region
3.1.3.3. Y-o-Y growth Comparison, By Region
3.1.4. Urban Development Dredging Market Size and Forecast, 2018-2028
3.1.4.1. Revenue (US$ Mn) Comparison, By Region
3.1.4.2. Market Share Comparison, By Region
3.1.4.3. Y-o-Y growth Comparison, By Region
3.1.5. Coastal Protection Dredging Market Size and Forecast, 2018-2028
3.1.5.1. Revenue (US$ Mn) Comparison, By Region
3.1.5.2. Market Share Comparison, By Region
3.1.5.3. Y-o-Y growth Comparison, By Region
3.1.6. Leisure Dredging Market Size and Forecast, 2018-2028
3.1.6.1. Revenue (US$ Mn) Comparison, By Region
3.1.6.2. Market Share Comparison, By Region
3.1.6.3. Y-o-Y growth Comparison, By Region
4. Global Dredging Market Analysis and Forecast By Customer Type
4.1. Global Dredging Market Size and Forecast By Customer Type, 2018-2028
4.1.1. Government Dredging Market Size and Forecast, 2018-2028
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. O&G Companies Dredging Market Size and Forecast, 2018-2028
4.1.2.1. Revenue (US$ Mn) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region
4.1.3. Mining Companies Dredging Market Size and Forecast, 2018-2028
4.1.3.1. Revenue (US$ Mn) Comparison, By Region
4.1.3.2. Market Share Comparison, By Region
4.1.3.3. Y-o-Y growth Comparison, By Region
4.1.4. Renewables Dredging Market Size and Forecast, 2018-2028
4.1.4.1. Revenue (US$ Mn) Comparison, By Region
4.1.4.2. Market Share Comparison, By Region
4.1.4.3. Y-o-Y growth Comparison, By Region
4.1.5. Others Dredging Market Size and Forecast, 2018-2028
4.1.5.1. Revenue (US$ Mn) Comparison, By Region
4.1.5.2. Market Share Comparison, By Region
4.1.5.3. Y-o-Y growth Comparison, By Region
5. Global Dredging Market Analysis and Forecast By Region
5.1. Global Dredging Market Size and Forecast, 2018-2028
5.1.1. North America Dredging Market Size and Forecast, 2018-2028
5.1.1.1. Revenue (US$ Mn) Comparison, By Application
5.1.1.2. Revenue (US$ Mn) Comparison, By Customer Type
5.1.2. Latin America Dredging Market Size and Forecast, 2018-2028
5.1.2.1. Revenue (US$ Mn) Comparison, By Application
5.1.2.2. Revenue (US$ Mn) Comparison, By Customer Type
5.1.3. Europe Dredging Market Size and Forecast, 2018-2028
5.1.3.1. Revenue (US$ Mn) Comparison, By Application
5.1.3.2. Revenue (US$ Mn) Comparison, By Customer Type
5.1.4. Japan Dredging Market Size and Forecast, 2018-2028
5.1.4.1. Revenue (US$ Mn) Comparison, By Application
5.1.4.2. Revenue (US$ Mn) Comparison, By Customer Type
5.1.5. APEJ Dredging Market Size and Forecast, 2018-2028
5.1.5.1. Revenue (US$ Mn) Comparison, By Application
5.1.5.2. Revenue (US$ Mn) Comparison, By Customer Type
5.1.6. MEA Dredging Market Size and Forecast, 2018-2028
5.1.6.1. Revenue (US$ Mn) Comparison, By Application
5.1.6.2. Revenue (US$ Mn) Comparison, By Customer Type
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