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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

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
$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 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 2019, industry value added (IVA), which measures the industry's contribution to the overall economy, is expected to increase at an annualized rate of 2.1%. In comparison, US GDP is expected to grow 2.5% per year on average over the same period. While IVA relative to the economy as a whole is slightly lower, this is predominantly due to government budget cuts following extensive recovery spending... 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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