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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 - Starting a New Business Chapter

The high start-up costs of dredging equipment and vessels are a significant barrier to entry. New entrants may also find it hard to compete with the reputations of more established players and with the long-term relationships these players have with key government agencies, including the US Army Corps of Engineers. New entrants may initially find it easier to compete for smaller private-sector projects on rivers and lakes than for the more complex capital dredging projects that are awarded through competitive bidding. To be successful, a bidder must be determined by the Corps to be a responsible bidder (i.e. a bidder that has the necessary equipment and experience to successfully complete the project and the ability to obtain a surety bid bond)... 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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