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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 - Industry SWOT Analysis Chapter

The Dredging Services industry is in the mature phase of its life cycle. Regardless of economic conditions or federal funding, US ports, harbors and waterways contribute a strong underlying demand for maintenance dredging services. These services are a necessity to maintaining maritime trade and tourism in the United States, two vital sectors of the US economy. Over the 10 years to 2018, industry value added (the industry's contribution to the economy) is expected to increase at an annualized rate of 1.7%. In comparison, US GDP is expected to grow 2.1% per year on average over the same period.

Firms in the industry have invested in larger, more fuel-efficient dredges to improve operational efficiencies and reduce operational costs... 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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