About Dredging Services
Dredging services include removal of material including, silt, sediments, sand, rocks, refuse, debris, plant or animal matter in any excavating, deepening, cleaning, widening or lengthening, either permanently or temporarily, of any river, port, harbor, backwater or estuary. Based on the type, the market has been segmented into hydraulic dredging and mechanical dredging.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is highly fragmented due to the presence of several vendors. Some of these vendors are adopting some organic and inorganic strategies such as a merger, acquisition, partnerships, among others in order to gain competitive advantage. Moreover, some of the players are focusing on technological advancements in order to offer quality services to the end customers. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Dredging Services market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Brookside Contracting (United States), SOLitude Lake Management (United States), American Underwater Services (United States), NorthEast Diving Services (United States), Organic Sediment Removal System (United States), Pristine Waters (India), New England Aquatic Services (United States), AE Commercial Diving Services (United States), Dredge America (United States), Wealing Brothers (United States), Dragonfly Pond Works (United States) and All Habitat Services (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Sediment Removal Solutions (United States), Jex Plant UK (United Kingdom), Gator Dredging (United States), Aqua Doc (United States), Aquatic Restoration Service (United States), Eco Waterway (United States) and ENVIROdredge (United States).
Segmentation Overview
AMA Research has segmented the market of Global Dredging Services market by Type (Hydraulic Dredging and Mechanical Dredging), Application (Residential, Recreational and Industrial) and Region.
On the basis of geography, the market of Dredging Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
The Rising Demand for Hydraulic Dredging Services and Increasing Adoption Due To Water-Borne Trade
Market Growth Drivers:
The Rising Government Initiatives towards Marine Environment Conservation, Expansion Of Ports To Facilitate Larger Ships, Along With Increasing Demand For New Storage Facilities Fuelling The Growth Of The Market and Increasing Demand due to Urban Development
Restraints:
High Cost of Investment Can Act As a Potential Restraint
Opportunities:
The Rising Demand for Dredging Services due to Increasing Oil Exploration Services
Market Leaders and their expansionary development strategies
In February 2023, Brennan acquired Dredging & Dewatering division of infrastructure alternatives. The purchase brings dewatering, water treatment, and treatability testing services into the organization for the first time.
In June 2023, Centre launched Sagar Samridhi online dredging system for real time project monitoring at ports, new system has accelerated the waste to wealth initiatives.
Key Target Audience
Dredging Services Providers, Potential Investors, Regulatory & Government Bodies, End Users, Research & Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.