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 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 2018, industry value added (the industry's contribution to the economy) is expected to increase at an annualized rate of 1.7%. In comparison, US GDP is expected to grow 2.1% per year on average over the same period.
Firms in the industry have invested in larger, more fuel-efficient dredges to improve operational efficiencies and reduce operational costs... purchase to read more