The global dredging market value is estimated to be USD 16.6 billion 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 USD 20.6 billion by 2034.
Report Attribute | Details |
---|---|
Dredging Market Size (2024) | USD 16.6 billion |
Market Anticipated Forecast Value (2034) | USD 20.6 billion |
Market Projected Growth Rate (2024 to 2034) | 2.15% CAGR |
The global dredging market was valued at USD 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 USD 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) | USD 15,246.87 million |
Market Revenue (2023) | USD 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.
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
Report Attributes | Details |
---|---|
Current Total Market Size (2024) | USD 16.6 billion |
Projected Market Size (2034) | USD 20.6 billion |
Market CAGR (2024 to 2034) | 2.15% |
Base Year for Estimation | 2023 |
Historical Period | 2019 to 2023 |
Projections Period | 2024 to 2034 |
Quantitative Units | Revenue in USD billion/Volume in million cubic metres (Mm³) |
By Customer Type Segments | Government, O&G Companies, Mining Companies, Renewable Companies, Others |
By Application Segments | Trade Activity, Trade Maintenance, Energy Infrastructure, Urban Development, Coastal Protection, Leisure |
Regions Covered | North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa |
Countries Covered | United States, Japan, Germany, India, United Kingdom, France, Italy, Brazil, Canada, South Korea, Australia, Spain, Netherlands, Saudi Arabia, Switzerland |
Key Players | HYUNDAI E&C, Dredging, Environmental and Marine Engineering NV (DEME), Great Lakes Dredge & Dock Company, LLC, TOA Corporation, Penta-Ocean Construction Co., Ltd., National Marine Company, Amrut and Shipping Ltd., CALLAN MARINE, LTD., CASHMAN DREDGING, INC., Africa (Pty) Ltd, COTTRELL CONTRACTING CORPORATION, J.F. Brennan Company, Inc. |
Additional Attributes | Technological Innovations, Environmental Regulations, Sustainability Initiatives, Market Dynamics |
Customization and Pricing | Available upon request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Value (US$ Million) Forecast by Customer Type, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 4: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 5: North America Market Value (US$ Million) Forecast by Customer Type, 2019 to 2034
Table 6: North America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 7: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: Latin America Market Value (US$ Million) Forecast by Customer Type, 2019 to 2034
Table 9: Latin America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 10: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 11: Western Europe Market Value (US$ Million) Forecast by Customer Type, 2019 to 2034
Table 12: Western Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 13: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Eastern Europe Market Value (US$ Million) Forecast by Customer Type, 2019 to 2034
Table 15: Eastern Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 16: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 17: South Asia and Pacific Market Value (US$ Million) Forecast by Customer Type, 2019 to 2034
Table 18: South Asia and Pacific Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 19: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: East Asia Market Value (US$ Million) Forecast by Customer Type, 2019 to 2034
Table 21: East Asia Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 22: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 23: Middle East and Africa Market Value (US$ Million) Forecast by Customer Type, 2019 to 2034
Table 24: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Customer Type, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Application, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 7: Global Market Value (US$ Million) Analysis by Customer Type, 2019 to 2034
Figure 8: Global Market Value Share (%) and BPS Analysis by Customer Type, 2024 to 2034
Figure 9: Global Market Y-o-Y Growth (%) Projections by Customer Type, 2024 to 2034
Figure 10: Global Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 11: Global Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 12: Global Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 13: Global Market Attractiveness by Customer Type, 2024 to 2034
Figure 14: Global Market Attractiveness by Application, 2024 to 2034
Figure 15: Global Market Attractiveness by Region, 2024 to 2034
Figure 16: North America Market Value (US$ Million) by Customer Type, 2024 to 2034
Figure 17: North America Market Value (US$ Million) by Application, 2024 to 2034
Figure 18: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 19: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Customer Type, 2019 to 2034
Figure 23: North America Market Value Share (%) and BPS Analysis by Customer Type, 2024 to 2034
Figure 24: North America Market Y-o-Y Growth (%) Projections by Customer Type, 2024 to 2034
Figure 25: North America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 26: North America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 27: North America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 28: North America Market Attractiveness by Customer Type, 2024 to 2034
Figure 29: North America Market Attractiveness by Application, 2024 to 2034
Figure 30: North America Market Attractiveness by Country, 2024 to 2034
Figure 31: Latin America Market Value (US$ Million) by Customer Type, 2024 to 2034
Figure 32: Latin America Market Value (US$ Million) by Application, 2024 to 2034
Figure 33: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) Analysis by Customer Type, 2019 to 2034
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Customer Type, 2024 to 2034
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Customer Type, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 41: Latin America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 43: Latin America Market Attractiveness by Customer Type, 2024 to 2034
Figure 44: Latin America Market Attractiveness by Application, 2024 to 2034
Figure 45: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 46: Western Europe Market Value (US$ Million) by Customer Type, 2024 to 2034
Figure 47: Western Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 48: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 50: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 51: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 52: Western Europe Market Value (US$ Million) Analysis by Customer Type, 2019 to 2034
Figure 53: Western Europe Market Value Share (%) and BPS Analysis by Customer Type, 2024 to 2034
Figure 54: Western Europe Market Y-o-Y Growth (%) Projections by Customer Type, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 56: Western Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 57: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 58: Western Europe Market Attractiveness by Customer Type, 2024 to 2034
Figure 59: Western Europe Market Attractiveness by Application, 2024 to 2034
Figure 60: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 61: Eastern Europe Market Value (US$ Million) by Customer Type, 2024 to 2034
Figure 62: Eastern Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 63: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 64: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 65: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 66: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 67: Eastern Europe Market Value (US$ Million) Analysis by Customer Type, 2019 to 2034
Figure 68: Eastern Europe Market Value Share (%) and BPS Analysis by Customer Type, 2024 to 2034
Figure 69: Eastern Europe Market Y-o-Y Growth (%) Projections by Customer Type, 2024 to 2034
Figure 70: Eastern Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 71: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 72: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 73: Eastern Europe Market Attractiveness by Customer Type, 2024 to 2034
Figure 74: Eastern Europe Market Attractiveness by Application, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 76: South Asia and Pacific Market Value (US$ Million) by Customer Type, 2024 to 2034
Figure 77: South Asia and Pacific Market Value (US$ Million) by Application, 2024 to 2034
Figure 78: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 79: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 80: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 81: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 82: South Asia and Pacific Market Value (US$ Million) Analysis by Customer Type, 2019 to 2034
Figure 83: South Asia and Pacific Market Value Share (%) and BPS Analysis by Customer Type, 2024 to 2034
Figure 84: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Customer Type, 2024 to 2034
Figure 85: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 86: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 87: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 88: South Asia and Pacific Market Attractiveness by Customer Type, 2024 to 2034
Figure 89: South Asia and Pacific Market Attractiveness by Application, 2024 to 2034
Figure 90: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 91: East Asia Market Value (US$ Million) by Customer Type, 2024 to 2034
Figure 92: East Asia Market Value (US$ Million) by Application, 2024 to 2034
Figure 93: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 96: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 97: East Asia Market Value (US$ Million) Analysis by Customer Type, 2019 to 2034
Figure 98: East Asia Market Value Share (%) and BPS Analysis by Customer Type, 2024 to 2034
Figure 99: East Asia Market Y-o-Y Growth (%) Projections by Customer Type, 2024 to 2034
Figure 100: East Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 101: East Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 102: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 103: East Asia Market Attractiveness by Customer Type, 2024 to 2034
Figure 104: East Asia Market Attractiveness by Application, 2024 to 2034
Figure 105: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 106: Middle East and Africa Market Value (US$ Million) by Customer Type, 2024 to 2034
Figure 107: Middle East and Africa Market Value (US$ Million) by Application, 2024 to 2034
Figure 108: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 109: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 110: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 111: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 112: Middle East and Africa Market Value (US$ Million) Analysis by Customer Type, 2019 to 2034
Figure 113: Middle East and Africa Market Value Share (%) and BPS Analysis by Customer Type, 2024 to 2034
Figure 114: Middle East and Africa Market Y-o-Y Growth (%) Projections by Customer Type, 2024 to 2034
Figure 115: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 116: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 117: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 118: Middle East and Africa Market Attractiveness by Customer Type, 2024 to 2034
Figure 119: Middle East and Africa Market Attractiveness by Application, 2024 to 2034
Figure 120: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The global dredging market is estimated to be around USD 16.6 billion 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 USD 20.6 billion by 2034.
The global dredging market was valued at USD 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.
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