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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 - 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 $0.32 on capital for every dollar spent on wages. Industry depreciation charges account for about 6.5% of industry revenue and pertain mostly to ships and equipment. Labor costs account for about 20.1% of revenue in 2013. 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, 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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