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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 | Jun 2016

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

IBISWorld’s Dredging Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 11-16
1.2%
Annual Growth 16-21
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Profit
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Employment
7,910
Businesses
163
Industry Analysis & Industry Trends

The Dredging Services industry is an essential and underlying service in the US economy that facilitates port functionality and supports two vital sectors, maritime tourism and international trade. Additionally, dredging services play an important role in restoring and preserving wetlands, coastlines and maritime habitats. As a result, the industry benefits from public and private restoration projects. While government budget cuts have stemmed growth, rising demand for dredging services is expected to increase industry revenue over the five years to 2016. As ocean freight lines develop and incorporate enormous cargo vessels into their fleets to improve shipping efficiencies and economies of scale, the need for dredging services will increase.... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Dredging Services industry has a moderate level of market share concentration, with the two largest players estimated to account for 41.0% of industry revenue in 2016. The US dredging industry is highly fragmented and composed of many small operators. Larger operators focus on capital dredging projects that are usually awarded through competitive bidding. Smaller dredging firms tend to service inland areas and focus on rivers and lakes. The majority of dredging service operators are privately held... 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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