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Dredging Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Dredging Services Market Research Report | Specialist Engineering, Infrastructure & Contractors | Infrastructure | Oct 2013

Digging deep: Demand for dredging services will rise to accommodate larger oceanic vessels

IBISWorld’s Dredging Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Great Lakes Dredge and Dock Company Great Lakes Dredge and Dock Company market share
Manson Construction Company Manson Construction Company market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 08-13
4.4%
Annual Growth 13-18
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Profit
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Employment
5,651
Businesses
71
Industry Analysis & Industry Trends

A weak economy has made growth for dredgers slower than expected. Nevertheless, increased government and private sector funding is expected to boost revenue for the industry over the next five years. As ocean freight liners begin to use larger ships to transport cargo, US ports and harbors will need to be dredged to provide access for these increasingly larger vessels, which will help demand for the industry's services rise.... purchase to read more

Industry Report - Starting a New Business Chapter

The high start-up costs of dredging equipment and vessels are a significant barrier to entry. New entrants may also find it hard to compete with the reputations of more established players and with the long-term relationships these players have with key government agencies, including the US Army Corps of Engineers. New entrants may initially find it easier to compete for smaller private-sector projects on rivers and lakes than for the more complex capital dredging projects that are awarded through competitive bidding. To be successful, a bidder must be determined by the Corps to be a responsible bidder (i.e. a bidder that has the necessary equipment and experience to successfully complete the project and the ability to obtain a surety bid bond)... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Dredging Services Industry?

This industry provides dredging services, which include moving deep-water sediment to keep waterways open for commerce and to replenishing beaches and other maritime and wetland environments.

Industry Products
Capital dredgingMaintenanceBeach nourishmentRivers and lakes
 
Industry Activities
Capital dredgingMaintenance dredgingBeach nourishmentRemediation dredgingReclamation dredging


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