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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 | Nov 2014

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

The Dredging Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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
$1bn
Annual Growth 09-14
0.8%
Annual Growth 14-19
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Profit
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Employment
8,210
Businesses
79
Industry Analysis & Industry Trends

This industry is an essential part of the US economy because two vital sectors, maritime tourism and international trade, depend heavily on dredging services. As a result, the industry benefits from public and private restoration projects. Despite federal budget constraints over the past five years, the industry has experienced revenue growth due to strong underlying demand. Growth is anticipated to quicken in the coming five years as freight lines develop larger cargo vessels, necessitating investments in dredging services to increase the capacity of ports. A legislative push to free more funding for port improvements is also expected to benefit industry companies, which will invest in more powerful, fuel-efficient fleets to meet growing demand.... purchase to read more

Industry Report - Industry Investment Chapter

The Dredging Services industry is fairly capital intensive because operators rely heavily on complex machinery and equipment and vessels. Regular maintenance and repair costs are also high. Capital expenditures and other costs necessary to operate and maintain dredging vessels tend to increase with the age of the vessel. On average, industry firms spend $0.16 on capital for every dollarspent on wages. Industry depreciation charges account for about 6.8% of industry revenue and pertain mostly to ships and equipment. Labor costs account for about 41.5% of revenue in 2014. The industry depends on skilled labor to carry out a wide range of dredging activities. The industry employs project managers, estimators, supervisors, foremen, equipment operators and laborers... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Dredging Services Industry?

This industry provides dredging services, such as moving deep-water sediment to keep waterways open for commerce and 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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