North America’s dredging hose market is estimated to grow at a CAGR of nearly 3.1% during the forecast period. North America has witnessed significant growth in the market owing to the rising number of dredging projects and the rising investment in maritime infrastructure. The US dredging industry is significantly focusing on setting up and maintaining safe, potential, and cost-effective navigation channels in the inland ports and waterways across the country. As a result, there is a rise in dredging contracts in the country. For instance, in June 2020, Great Lakes Dredge & Dock Corp. (GLDD), one of the major providers of dredging services in the US declared the implementation of a definitive contract to build a 6,500-cubic-yard-capacity trailing suction hopper dredge (TSHD) with Conrad Shipyard.

Request a free sample of our report on North Dredging Hose Market: https://www.omrglobal.com/request-sample/north-american-dredging-hose-market

The vessel will complement the existing six-dredge hopper fleet of the company, such as the ATB Tug Douglas B. Mackie and 15,000-cubic-yard-capacity barge Ellis Island, which was delivered in 2017. Further, increasing government financing for the US dredging projects are primarily escalating the growth of the market. The competition between the US ports and waterways and preparation for larger vessels contributes to the rise in projects and the need for funding in the US. For instance, in March 2019, Boston Harbor Dredging Project received $35 million in federal funding. This project is a $350 million collaboration between the Commonwealth of Massachusetts, Massachusetts Port Authority (Massport), and the USACE. The rising dredging projects are boosting the adoption of dredging hoses to transport the objects which have heavy specific gravity and large volumes, such as weathered rock, coral reef, and coarse sand.

A full report of North Dredging Hose Market Is available at https://www.omrglobal.com/industry-reports/north-american-dredging-hose-market

North America Dredging Hose Market Segmentation

By Type

Floating Dredge Hose

Non-Floating Dredge Hose

Regional Analysis

United States

Canada

Company Profiles

Able Hose & Rubber LLC

Ace Hose and Rubber Company

Nelco Marine

NovaFlex Group

Parker-Hannifin Corp.

Royal Boskalis Westminster N.V.

Salem-Republic Rubber Co.

The G.W. Van Keppel Co.

Townley Engineering & Manufacturing Co., Inc.

Trelleborg AB

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/north-american-dredging-hose-market



About us:

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting, and other research-based services.



For More Information, Visit https://www.omrglobal.com/



Media Contact: Company Name: Orion MarketResearch

Contact Person: Mr. Anurag Tiwari

Email: [email protected]

Contact no: +91780-304-0404