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
Annual Growth 09-14
Annual Growth 14-19
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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 Key Buyers Chapter

The Dredging Services industry has a moderate level of market share concentration, with the two largest players estimated to account for 59.4% of industry revenue in 2014. The largest player, Great Lakes Dredge and Dock Company, absorbs about 38.1% of the market. Its main competitor, Manson Construction Company, captures an estimated 21.3%.

The US dredging industry is highly fragmented and is characterized by its 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 services 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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