Overview

Digging deep: Demand for dredging services will rise to accommodate larger oceanic vessels

IBISWorld’s Industry Market Report on Dredging Services is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Renewed investment in US ports and harbors will boost demand for dredging services
  • A lack of dredging hurts the economy, making imports and exports more expensive
  • Rising environmental concerns may cause delays in port upgrades and slow growth
  • Industry Analysis & Industry Trends

    The Dredging Services industry is an essential and underlying service in the US economy that facilitates port functionality and supports two vital sectors, maritime tourism and international trade. Additionally, dredging services play an important role in restoring and preserving wetlands, coastlines and maritime habitats. As a result, the industry benefits from public and private restoration projects. While government budget cuts have stemmed growth, rising demand for dredging services is expected to increase industry revenue over the five years to 2016. As ocean freight lines develop and incorporate enormous cargo vessels into their fleets to improve shipping efficiencies and economies of scale, the need for dredging services will increase.

    Industry Report - Industry Analysis Chapter

    The Dredging Services industry excavates sediment to expand, maintain and repair waterways. While restrained government funding moderated the industry’s growth prospects over the past five years, dredging services were still demanded throughout ports, harbors and waterways in the United States. This is due to the fact that dredging is essential to providing and maintaining safe and efficient navigation in shipping channels. Without appropriate channel depth, cruise and container ships cannot access US ports and barges cannot travel throughout the national waterway system. Overall, industry revenue is expected to increase at an annualized rate of 1.2% to $2.1 billion over the five years to 2016.

    Additional Insights for the Dredging Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Dredging Services Industry are

  • Having contacts within key markets
  • Having a good reputation
  • Ability to accommodate environmental requirements
  • IBISWorld analysts also discuss how external factors such as Demand from port and harbor operations and Federal funding for transportation in the Dredging Services industry impact industry performance..

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    Industry Products

    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 dredging
    Maintenance
    Beach nourishment
    Rivers and lakes
    Industry Activities
    Capital dredging
    Maintenance dredging
    Beach nourishment
    Remediation dredging
    Reclamation dredging

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from port and harbor operations
  • Federal funding for transportation
  • Total trade value
  • World price of crude oil

  • Current Performance
  • Damp demand
  • Port and waterway infrastructure
  • Environmental conservation
  • Chart: Revenue Growth

  • Industry Outlook
  • Infrastructure Investments
  • Realize America’s Maritime Potential Act
  • Upgrading the fleet
  • Table: Dredging Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Dredging Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Land Development
  • Homeowners' Associations

  • Key Selling Industries
  • Boat Building
  • Construction
  • Construction Machinery Manufacturing

  • Products & Services
  • Capital dredging
  • Beach nourishment
  • Maintenance
  • Rivers and lakes
  • Chart: Dredging Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Public infrastructure
  • Public land
  • Private projects
  • Chart: Major Market Segmentation for the Dredging Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Dredging Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Dredging Services Industry

  • Industry Globalization
    Major Companies
    Great Lakes Dredge and Dock CompanyManson Construction Company
  • Table: Great Lakes Dredge and Dock Company - financial performance
  • Table: Manson Construction Company - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Dredging Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Dredging Services Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Federal funding for transportation (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Bucket Dredger
  • Dredgers that use a series of buckets mounted to a wheel to collect sediment.
  • Cutter Suction Dredger
  • Dredgers used for hard surfaces (e.g. rock) that have a cutter head that helps loosen earth and sediment before sucking it up.
  • Dredger
  • A barge or other vessel designed for dredging bodies of water.
  • Hopper Dredger
  • Dredgers used for harbor maintenance; hopper dredgers are self-propelling vessels that hold dredged material on board in a storage hold known as a hopper.
  • Suction Dredger
  • Stationary dredgers used to mine for sand.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Dredging Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Dredging Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Dredging Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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