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Dredging Services: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Dredging Services Market Research Report | NAICS OD4660 | Jun 2016

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

IBISWorld’s Dredging Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
1.2%
Annual Growth 16-21
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Profit
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Employment
7,910
Businesses
166
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... 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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