U.S. Dredging Services Market Size, Share 2021 Trends, Business Growth, Application, Development, Segmentation, Application, Types, Drivers, and Forecast 2030

In a recent published report, Kenneth Research has updated the market report for U.S. Dredging Services Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for U.S. Dredging Services Market products.

Download  Sample of This Strategic Report-https://www.kennethresearch.com/sample-request-10294094

REPORT HIGHLIGHT

The U.S. dredging services market was valued at USD 2,160 million by 2017, growing with 1.31% CAGR during the forecast period, 2018-2025

Dredging is the removal of debris and sediments from the bottom of rivers, harbors, and other water containing locations. Dredging is vital to economic and social development, in particular to the construction and maritime infrastructure upon which worldwide economic prosperity and environmental well-being depends. Growing demand from harbour and port operations coupled with favourable government funding for transportation support the industry growth. Harbor and port accounted for the largest downstream marketplace as dredging services are essential to maintaining efficient and safe navigation channels. There is currently increasing demand for dredging services in most of the country’s ports. As per the U.S. federal agency, “US Army Corps of Engineers”, approximately one-third of commercial vessels at the U.S. ports are constrained due to inadequate channel depths.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

In addition, growing acceptance of dredging as a means of environmental preservation and restoration will further stimulate the market demand. However, funds allocated to dredging services in the country have been insufficient to meet demand which will slow down the industry growth to some extent. In addition, high start-up costs of dredging equipment and vessels are a significant barrier to entry for new players.

Products Takeaway

In terms of products, the market is categorized as;

Capital dredging

Remediation dredging

Maintenance dredging

Reclamation dredging

Beach nourishment

Of the different products, capital dredging accounted for the highest revenue share. Capital dredging services are provided to create a new harbor, berth or waterway, or to expand existing waterways to allow larger ships to access them. This segment also covers trench digging for tunnels, cables, construction of breakwaters, canals and other marine locations.

Application Takeaway

In terms of application, the market is categorized as;

Public infrastructure

Public land

Private Projects

Private projects account for a very small portion of industry revenue. Such projects include dredging ponds and lakes on private land and work along riverbanks. Public infrastructure and public land segment is expected to grow with promising growth rate over the forecast period.

Key Vendors Takeaway

SOLitude Lake Management

Great Lakes Dredge and Dock Company

Gator Dredging

Aqua Doc

McCullough Excavating

Eco Waterway Services

Manson Construction Company

AE Commercial Diving Services

The industry is highly fragmented, with the presence of large number of small scale companies. Smaller dredging operations tend to service inland areas and focus on rivers and lakes, as opposed to coastal waterways. Key players in the industry have invested in larger, more fuel-efficient dredges to improve operational efficiencies and reduce operational costs.

Request For Full Report-https://www.kennethresearch.com/sample-request-10294094

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year – 2014 & 2016

Base Year – 2017

Estimated Year – 2018

Projected Year – 2025

TARGET AUDIENCE

Traders, Distributors, and Suppliers

Manufacturers

Government and Regional Agencies

Research Organizations

Consultants

Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCTS

Capital Dredging

Remediation Dredging

Maintenance Dredging

Reclamation Dredging

Beach Nourishment

MARKET, BY APPLICATION

Public Infrastructure

Public Land

Private Projects

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Name: Kenneth research

Email:sales@kennethresearch.com

Phone: +1 313 462 0609

James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology

Leave a Reply