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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Products Chapter

Capital dredging

Capital dredging services are provided to create a new harbor, berth or waterway, or to expand existing waterways in order to allow larger ships to access them. In addition, capital dredging also includes trench digging for pipelines, tunnels and cables, and other dredging related to the construction of breakwaters, jetties, canals and other marine structures. These services are largely driven by public spending and are therefore sensitive to budgetary constraints and economic conditions. As the average ship size continues to expand in anticipation of the Panama Canal's expansion, demand from this segment has increased, accounting for 35.3% of industry revenue during the year... 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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