Global dredging equipment market is projected to foresee significant growth during the forecast period, i.e., a compound annual growth rate (CAGR) of 5.9% from 2019 to 2026. The global dredging equipment market is projected to reach $6.5 billion by 2026 from $4.6 billion in 2019. The diverse applications of dredging equipment are making it bit uncertain and so as the growth. The application areas of dredging equipment range among environmental remediation and restoration, energy/oil and gas, aggregate extraction, mining, navigation, recreational applications, and channel maintenance, and other applications. Among these applications, each is carried out with specific technology requirements. Further, these application areas require mechanical and hydraulic dredges.
The global dredging equipment market is segmented into technology, application, and geography. By technology, the market is categorized into mechanical dredges and hydraulic dredges. Mechanical dredges are further bifurcated into bucket dredgers, grab dredgers, and backhoe dredgers whereas hydraulic dredges are further bifurcated into suction dredgers, cutter suction dredgers, trailing suction hopper dredgers, and water injection dredgers. The application areas covered under the scope of the global dredging equipment market are Navigation and navigation channel maintenance, Capital dredging and land reclamation, Mining, Aggregate extraction, and Recreational projects. Major geographies covered under the scope of the dredging equipment market report are North America, Europe, Asia Pacific, South America, Middle East and Rest of the World (RoW).
The scope of the dredging equipment market report covers an in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. The market has been analyzed both from demand as well as supply-side to come to an accurate scenario. Products across application and application across geographies have been mapped to provide you a precise competitive scenario to have a leading edge in the market.
Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also the part of the report. Top players in the global dredging equipment market are American Marine & Machinery Co. (AMMCO), CCCC Tianjin Dredging Co., Ltd. (TDC), Dredging International NV, Royal IHC, and Jan De Nul Group, Bell Dredging Pumps, Dragflow S.R.L., Ect Marine, Italdraghe, Pioneer Dredge and Srs Crisafulli, among others.
The base year and forecast years considered in this report are mentioned below:
Base Year: 2018
Forecast Year: 2019 - 2026
Scope of the Global Dredging Equipment Market Report
Global Dredging Equipment Market by Technology
Global Dredging Equipment Market by Application
Global Dredging Equipment Market by Geography