Dredging Market By Type (Bucket Dredgers, Grab Dredgers, Backhoe Dredgers, Suction Dredgers, Cutter Suction Dredgers, Trailing Suction Hopper Dredgers, Water Injection Dredgers, Dredging Equipment Parts, Dredging Services, and Others), By Application (Navigation & Navigation Channel Maintenance, Capital Dredging & Land Reclamation, Mining, Aggregate Extraction, Recreational Projects, Environmental Remediation & Restoration, and Others), Industry Trends, Estimation & Forecast, 2023-2030
Dredging market was valued at 15.6 billion US$ in 2022 and is projected to reach 21 billion US$ by 2030, at a CAGR of 3.8% during the forecast period.
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Market Overview
Dredging is often used for the digging, transportation, removal, and dumping of underlayered soil that has been deposited underwater. The purpose of the Dredging is to clear sedimented silt from the navigation channels of rivers and oceans, to ensure uninterrupted routes for shipping and travel.
Market Dynamics
The rising product demand from various end-user verticals and increasing product adoption in environmental restoration are the primary factors driving the market growth. The continued product integration in the oil & gas sector for digging and removal of underwater sedimented soil and in the mining of several mineral raw materials would ensure consistent demand for Dredging, propelling the market growth. The use of Dredging for the restoration of uprooted plants and washed away soil from riverbanks have increased demand for continued product adoption. The use of dredges for removal of mud to provide safe passage to incoming ships near river ports have increased traffic of logistic shipping in demand-rich areas, and as such the Dredging is deemed vital for the rapidly expanding shipping industry. However, the high costs of product maintenance and procurement might hamper the market growth. The dredgers often deploy large-scale machinery to finish tasks, which require high initial investments for the acquisition of associated equipment. The diversification of product applications in various industrial sectors would provide lucrative opportunities for the market in the coming years. The exploration in the use of dredges for recreational complexes and land reclamation projects would offer key vendors with new possibilities of product application and business expansion over the forecast period.
Market SegmentationThe global Dredging Market is mainly classified based on Type and Application. Type is further segmented into Bucket Dredgers, Grab Dredgers, Backhoe Dredgers, Suction Dredgers, Cutter Suction Dredgers, Trailing Suction Hopper Dredgers, Water Injection Dredgers, Dredging Equipment Parts, Dredging Services, and Others. By Application, the market is divided into Navigation & Navigation Channel Maintenance, Capital Dredging & Land Reclamation, Mining, Aggregate Extraction, Recreational Projects, Environmental Remediation & Restoration, and Others.
The Suction Dredgers and Cutter Suction Dredgers segments by Type would hold a considerable share in terms of overall value owing to the secure operational mode and functionality of the related machinery. The ease in market availability of the associated equipment and facility to deposit the sucked up liquid mud in separately placed pits and barges would ensure continued demand for cutter suction dredgers and suction dredgers.
In terms of Application, the Navigation & Navigation Channel Maintenance segment would hold a substantial share of the market owing to the rise in product application to support the rapid growth in the shipping industry. The integration of Dredging to facilitate the anchoring of medium- and large-scale ships in several major shipping ports of the world would also boost the segment growth.
Regional Analysis
Based on geography, the global Dredging market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.Europe is a prominent region and holds a significant share in terms of production value of Dredging owing to the establishment of several regional manufacturing facilities and proper infrastructure to support the expansion of production capabilities for key manufacturers.
Competitive landscapeThe Dredging market is moderately consolidated, with several key players operating with expansive manufacturing capabilities and extended global reach. The abilities of global companies to deliver products and services to even remote parts of the globe have further intensified the market competitiveness.
Key players operating in the Dredging industry include American Marine & Machinery Co. Inc., Bell Dredging Pumps B.V., Royal Boskalis Westminster N.V., Cccc Tianjin Dredging Co. Ltd., Columbia Steel Casting Co., Inc., Custom Dredge Works, Inc., Damen Shipyards Gorinchem, Deme NV, Dragflow S.R.L., Draghe Lario Srl, Dredge Yard B.V., DSC Dredge LLC, Dutch Dredging B.V., Eddy Pump Corporation, Ellicott Dredges LLC, ETC Marine, Gulf Cobla LLC, Holland Dredge Design, Holland Marine Technologies B.V., Jan De Nul Group, J.F. Brennan Company, Inc., Mud Cat Dredgers, National Marine Dredging Company, Neumann Contractors Pty Ltd, Nwakama Dredge Nigeria Limited, Penta-Ocean Construction Co., Ltd., Qingzhou Julong Environment Technology, Qingzhou KaiXiang Sand Mining Machinery Co., Ltd., Rohr-Idreco, Royal IHC, SRS Crisafulli Inc., Twinkle Co., Van Oord, and VMI Inc.
The launch of new products after extensive development and expansion in business capabilities through strategic agreements and collaborations are the primarily followed business strategies of the key players looking to capture substantial market share during the forecast period.
Dredging Market Key Segments
By Type
• Bucket Dredgers
• Grab Dredgers
• Backhoe Dredgers
• Suction Dredgers
• Cutter Suction Dredgers
• Trailing Suction Hopper Dredgers
• Water Injection Dredgers
• Dredging Equipment Parts
• Dredging Services
• OthersBy Application
• Navigation & Navigation Channel Maintenance
• Capital Dredging & Land Reclamation
• Mining
• Aggregate Extraction
• Recreational Projects
• Environmental Remediation & Restoration
• OthersKey Global Dredging Industry Players
• American Marine & Machinery Co. Inc.
• Bell Dredging Pumps B.V.
• Royal Boskalis Westminster N.V.
• Cccc Tianjin Dredging Co. Ltd.
• Columbia Steel Casting Co., Inc.
• Custom Dredge Works, Inc.
• Damen Shipyards Gorinchem
• Deme NV
• Dragflow S.R.L.
• Draghe Lario Srl
• Dredge Yard B.V.
• DSC Dredge LLC
• Dutch Dredging B.V.
• Eddy Pump Corporation
• Ellicott Dredges LLC
• ETC Marine
• Gulf Cobla LLC
• Holland Dredge Design
• Holland Marine Technologies B.V.
• Jan De Nul Group
• J.F. Brennan Company, Inc.
• Mud Cat Dredgers
• National Marine Dredging Company
• Neumann Contractors Pty Ltd
• Nwakama Dredge Nigeria Limited
• Penta-Ocean Construction Co., Ltd.
• Qingzhou Julong Environment Technology
• Qingzhou KaiXiang Sand Mining Machinery Co., Ltd.
• Rohr-Idreco
• Royal IHC
• SRS Crisafulli Inc.
• Twinkle Co.
• Van Oord
• VMI Inc. -
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Table of Content
1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources3. Dredging Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Rising product demand from various end-user verticals
3.3.2. Increasing product adoption in environmental restoration
3.4. Restraints
3.4.1. High costs of product maintenance and procurement
3.5. Opportunity
3.5.1. Diversification of product application in various industrial sectors
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Bucket Dredgers
4.2.1. Market Size & Forecast
4.3. Grab Dredgers
4.3.1. Market Size & Forecast
4.4. Backhoe Dredgers
4.4.1. Market Size & Forecast
4.5. Suction Dredgers
4.5.1. Market Size & Forecast
4.6. Cutter Suction Dredgers
4.6.1. Market Size & Forecast
4.7. Trailing Suction Hopper Dredgers
4.7.1. Market Size & Forecast
4.8. Water Injection Dredgers
4.8.1. Market Size & Forecast
4.9. Dredging Equipment Parts
4.9.1. Market Size & Forecast
4.10. Dredging Services
4.10.1. Market Size & Forecast
4.11. Others
4.11.1. Market Size & Forecast5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Navigation & Navigation Channel Maintenance
5.2.1. Market Size & Forecast
5.3. Capital Dredging & Land Reclamation
5.3.1. Market Size & Forecast
5.4. Mining
5.4.1. Market Size & Forecast
5.5. Aggregate Extraction
5.5.1. Market Size & Forecast
5.6. Recreational Projects
5.6.1. Market Size & Forecast
5.7. Environmental Remediation & Restoration
5.7.1. Market Size & Forecast
5.8. Others
5.8.1. Market Size & Forecast6. Dredging Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Dredging Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Dredging Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Russia
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Dredging Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Dredging Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Dredging Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast7. Company Profile
7.1. American Marine & Machinery Co. Inc.
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. American Marine & Machinery Co. Inc. Product Category, Application, and Specification
7.1.3. American Marine & Machinery Co. Inc. Financial Performance (2018-2019)
7.1.4. Main Business/Business Overview
7.2. Bell Dredging Pumps B.V.
7.3. Royal Boskalis Westminster N.V.
7.4. Cccc Tianjin Dredging Co. Ltd.
7.5. Columbia Steel Casting Co., Inc.
7.6. Custom Dredge Works, Inc.
7.7. Damen Shipyards Gorinchem
7.8. Deme NV
7.9. Dragflow S.R.L.
7.10. Draghe Lario Srl
7.11. Dredge Yard B.V.
7.12. DSC Dredge LLC
7.13. Dutch Dredging B.V.
7.14. Eddy Pump Corporation
7.15. Ellicott Dredges LLC
7.16. ETC Marine
7.17. Gulf Cobla LLC
7.18. Holland Dredge Design
7.19. Holland Marine Technologies B.V.
7.20. Jan De Nul Group
7.21. J.F. Brennan Company, Inc.
7.22. Mud Cat Dredgers
7.23. National Marine Dredging Company
7.24. Neumann Contractors Pty Ltd
7.25. Nwakama Dredge Nigeria Limited
7.26. Penta-Ocean Construction Co., Ltd.
7.27. Qingzhou Julong Environment Technology
7.28. Qingzhou KaiXiang Sand Mining Machinery Co., Ltd.
7.29. Rohr-Idreco
7.30. Royal IHC
7.31. SRS Crisafulli Inc.
7.32. Twinkle Co.
7.33. Van Oord
7.34. VMI Inc. -
What Report Provides?
• Full in-depth analysis of the parent Industry
• Important changes in market and its dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional growth potential
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