Dredging Market to Witness Healthy Growth as Players Witness Potential Growth Projection of over 3% for Next Five Year
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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