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U.S. Dredging Services Market, By Products (Capital Dredging, Remediation Dredging, Maintenance Dredging, Reclamation Dredging, Beach Nourishment) and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

108 Pages | Published Date : June 2019 | Report Code: AV281 | Report Format: PDF

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.

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.

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

TABLE OF CONTENT

1. U.S. DREDGING SERVICES MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Product
2.1.2. Market Snippet by Application
2.2. Competitive Insights
3. U.S. DREDGING SERVICES KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. U.S. DREDGING SERVICES INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. U.S. DREDGING SERVICES MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. U.S. DREDGING SERVICES MARKET – BY PRODUCT
6.1. Overview
6.1.1. Segment Share Analysis, By Product, 2017 & 2025 (%)
6.2. Capital Dredging
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Remediation Dredging
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4. Maintenance Dredging
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.5. Reclamation Dredging
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.6. Beach Nourishment
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. U.S. DREDGING SERVICES MARKET – BY APPLICATION
7.1. Overview
7.1.1. Segment Share Analysis, By Application, 2017 & 2025 (%)
7.2. Public Infrastructure
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Public Land
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Private Projects
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. KEY VENDOR ANALYSIS
8.1. SOLitude Lake Management
8.1.1. Company Snapshot
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Great Lakes Dredge and Dock Company
8.2.1. Company Snapshot
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Gator Dredging
8.3.1. Company Snapshot
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Aqua Doc
8.4.1. Company Snapshot
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. McCullough Excavating
8.5.1. Company Snapshot
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Eco Waterway Services
8.6.1. Company Snapshot
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. Manson Construction Company
8.7.1. Company Snapshot
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. AE Commercial Diving Services
8.8.1. Company Snapshot
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
9. 360 DEGREE ANALYSTVIEW
10. APPENDIX
10.1. Research Methodology
10.2. References
10.3. Abbreviations
10.4. Disclaimer
10.5. Contact Us

List of Tables
TABLE List of data Products
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE U.S. Dredging Services market: Product snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Product
TABLE U.S. Dredging Services market, by Product, 2014-2025 (USD Million)
TABLE U.S. Dredging Services market: application snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by application
TABLE U.S. Dredging Services market, by application 2014-2025 (USD Million)
TABLE U.S. Dredging Services market: regional snapshot (2018)

List of Figures
FIGURE U.S. Dredging Services market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Product segment market share analysis, 2017 & 2025
FIGURE Product segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Capital Dredging market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Remediation Dredging market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Maintenance Dredging market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Reclamation Dredging market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Beach Nourishment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Application segment market share analysis, 2017 & 2025
FIGURE Application segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Public infrastructure market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Public land market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Private projects market size forecast and trend analysis, 2014 to 2025 (USD Million)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including Product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• Thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new Product developments

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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