Dredging Market Report 2025

The dredging market size has grown steadily in recent years. It will grow from $12.84 billion in 2024 to $13.28 billion in 2025 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to early port development, coastal protection initiatives, canal construction, mining and material extraction, river and waterway maintenance.

The dredging market size is expected to see steady growth in the next few years. It will grow to $15.89 billion in 2029 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to government infrastructure spending, tourism and recreation investments, remediation and waste management, trade route expansion, global infrastructure projects. Major trends in the forecast period include port expansion and maintenance, coastal protection and climate change, infrastructure development, river restoration and flood management.

The growing seaborne trade is expected to drive the expansion of the dredging market in the coming years. Seaborne trade involves the transportation of goods via accessible water routes and ports. Dredging plays a crucial role in supporting this trade by expanding existing ports, maintaining navigable waterways, and constructing new ports and shipping channels. For example, in June 2023, a report from the United Nations Conference on Trade and Development, a Switzerland-based intergovernmental organization, indicated that maritime trade is projected to grow by 2.4% in 2023. Additionally, from 2024 to 2028, maritime trade is expected to expand at a rate exceeding 2% annually. As a result, the rise in waterborne trade is fueling the growth of the dredging market.

The growing demand in the oil and gas industries is anticipated to drive the growth of the dredging market in the future. The oil and gas sectors encompass the activities related to the exploration, extraction, refining, transportation, and distribution of petroleum and natural gas. As energy exploration and production activities expand, there is a heightened need for dredging services to maintain navigable waterways, build and sustain offshore infrastructure, and ensure the efficient transportation of goods. This, in turn, supports the overall advancement of the dredging industry. For example, in October 2023, the US Energy Information Administration, a federal statistical system for collecting, processing, and disseminating energy data, reported an increase in U.S. crude oil production to 12.4 million barrels per day (b/d) in 2023, up from the record high of 11.7 million b/d in 2022. Additionally, in September 2022, the U.S. consumed an average of 86.6 billion cubic feet of natural gas per day (Bcf/d), marking the highest annual consumption of natural gas in the U.S. compared to the previous year. Thus, the rising demand in the oil and gas industries is fueling the growth of the dredging market.

Product innovations have become a significant trend gaining traction in the dredging market. Leading companies within the dredging sector are concentrating on developing new and innovative products to enhance their market position. For example, in May 2022, Damen Shipyards, a subsidiary of the Netherlands-based Damen Holdings, unveiled its new Trailing Suction Hopper Dredger (TSHD) series, which ranges from 800 m³ to 5,000 m³. These dredgers are noted for their operational efficiency, ease of maintenance, and customization for specific dredging tasks. A distinguishing feature is their use of self-propulsion during the excavation of materials from a borrow area, allowing them to transport the dredged material to the placement site.

Major players in the dredging market are emphasizing product launches, such as dredging pumps, to boost revenues within their sector. A dredging pump is a specialized pump designed for the removal of sediments, debris, or other materials from the bottoms of water bodies. For instance, in April 2023, Jiangsu River Heavy Industry Co. Ltd., a China-based manufacturer of river dredging equipment, launched a new dredging pump. This dredge pump is engineered to clear silt from rivers, lakes, and harbors and features an impeller and wear-resistant components, enabling it to handle various materials while maintaining optimal performance. The innovative technology of this product allows for quicker and easier operation in both shallow and deep waters. In comparison to other models, its straightforward setup ensures faster maintenance, requiring less time for repairs or replacements.

In February 2023, J.F. Brennan Company, Inc., a US-based specialty marine contracting firm, acquired the dredging and dewatering division of Infrastructure Alternatives, Inc. (IAI) for an undisclosed sum. This acquisition enables Brennan to offer dewatering, water treatment, and treatability testing services for the first time, thereby enhancing its capabilities in nationwide remediation efforts and improving the quality of waterways and the environment. Infrastructure Alternatives, Inc. (IAI) is a US-based company that provides specialized services focused on environmental remediation, dredging operations, and dewatering solutions.

Major companies operating in the dredging market are Royal Boskalis Westminster NV, Van Oord NV, Dredging Environmental and Marine Engineering NV, Jan De Nul NV, Great Lakes Dredge & Dock Corporation, National Marine Dredging Company, Hyundai Engineering and Construction Co. Ltd., Penta-Ocean Construction Co. Ltd., TOA Corporation, Weeks Marine Inc., Harbour Engineering Company Ltd., Cottrell Contracting Corporation, Amrut Dredging and Shipping Ltd., Cashman Dredging Inc., Callan Marine Ltd., China Communications Construction Company Limited, China Harbour Engineering Company Ltd., Manson Construction Co., Orion Marine Group, CCCC Dredging Company Ltd., Gulf Cobla LLC, J.F. Brennan Company Inc., Dredging Corporation of India Limited, Great Lakes Dock and Materials LLC, Royal IHC, Dredging International NV, Dredging and Maritime Management SA, Heinrich Hirdes GmbH, International Seaport Dredging Private Ltd., Irish Dredging Company Ltd., Middle East Dredging Company, Mijnster Zand- en Grinthandel BV, Mordraga LLC, Royal Smals BV.

Asia-Pacific was the largest region in the dredging market share in 2024. The regions covered in the dredging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the dredging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Dredging involves the excavation of material from the bottoms of water bodies, including lakes, rivers, and harbors, to ensure navigable waterways by eliminating accumulated sediments and debris. Additionally, it serves various purposes such as land reclamation, environmental remediation, and the extraction of valuable underwater minerals.

The primary methods of dredging include dipper, water injection, pneumatic, bed leveler, and others. Dipper dredging involves excavating material from the water bottom using a bucket or dipper. This dredging method finds applications in various sectors, including trade activity, trade maintenance, energy infrastructure, urban development, coastal protection, and leisure. Different end-users, such as oil and gas companies, mining companies, renewable energy companies, and others, utilize dipper dredging for their specific needs.

The dredging market research report is one of a series of new reports that provides dredging market statistics, including the dredging industry's global market size, regional shares, competitors with a dredging market share, detailed dredging market segments, market trends and opportunities, and any further data you may need to thrive in the dredging industry. This dredging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The dredging market includes revenues earned by entities through dredging services such as capital dredging, maintenance dredging, and inland water dredging. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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