North America Dredging Market Trends, Size, Forecast - 2020-2026


Posted August 8, 2020 by pooja1919

North America dredging market is estimated to grow at a CAGR of nearly 2.0% during the forecast period.

 
North America dredging market is estimated to grow at a CAGR of nearly 2.0% during the forecast period. Some pivotal factors encouraging dredging operations in the region include emerging investment in maritime infrastructure and increasing offshore oil and gas operations. Significant rise in global trade activities is leading to an increasing focus on the improvement of maritime infrastructure. As a result, several contracts for port dredging operations have reported in the country. For instance, in March 2019, $35 million was received by the Boston Harbor Dredging Project in federal funding. The project is nearly 30% complete, and the funding will support to continue on schedule. This project is a $350 million collaboration between the Commonwealth of Massachusetts, Massachusetts Port Authority (Massport), and the USACE.

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In December 2017, the maintenance dredging of the inner harbor was completed, and the deepening of the key ship channels started in July 2018 for accommodating large container vessels today and in the future. The investment in the Boston Port will enable local manufacturers, industries, and workers to become competitive in the rising global economy. These kinds of investment for maintenance of ports is driving the adoption of marine vessels fitted with dredgers that are capable of weeding off depositions including sediments, sand, gravel, and more from the seabed. Dredging operations ensures safe bottom clearances for the safer voyages and facilitates fishing or water navigation easier in shallow water.

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North America Dredging Market Segmentation

By Type

Mechanical Dredger

Bucket Dredger

Grab Dredger

Backhoe Dredger

Hydraulic Dredger

Suction

Cutter Suction Dredger

Trailing Suction Hopper Dredger

Barge Unloading Dredger

By End-User

Government

Oil and Gas Companies

Mining Companies

Others (Renewable Energy)

Regional Analysis

United States

Canada

Company Profiles

3R, Inc.

Callan Marine, Ltd.

Canadian Dewatering LP

Coastal Dredging Company, Inc. (CDC)

Ellicott Dredges

Fraser River Pile and Dredge (GP) Inc.

Great Lakes Dredge & Dock Co., LLC

Inland Dredging Company, LLC

J.F. Brennan Co., Inc.

Jay Cashman, Inc.

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Issued By Mr. Anurag Tiwari
Country India
Categories Business
Last Updated August 8, 2020