Japan's dredging market is driven by the significant global trade in the country. As per the UNCTAD, the total Japanese merchandise exports increased from nearly $624.9 billion in 2015 to nearly $738.1 billion in 2018. Total merchandise imports grew from $648.1 billion in 2015 to nearly $748.5 billion in 2018. The country mainly exports consumer electronics, semiconductors, automobiles, and semiconductors to the other nations. This contributes to the demand for seaborne trade in the country. There are 1,020 ports in Japan, of which 892 are local ports, 22 are main ports of special purpose and 106 main ports. Some major Japanese ports include Port of Kobe, Port of Hakata, Port of Kawasaki, Port of Kitakyushu, Port of Osaka, Port of Nagoya, Port of Maizuru, and Port of Tokyo.
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The market study of the Japan dredging market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.
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Owing to the increasing global trade, port development activities have been reported in the country. In April 2018, the groundbreaking ceremony for the Japanese Official Development Assistance (ODA) loan was held by Toamasina Autonomous Port (SPAT) for Toamasina Port Development Project in Madagascar. The loan agreement for the project was signed between the Government of the Republic of Madagascar and the Japan International Cooperation Agency (JICA) for up to $421.8 million and is the largest Japanese ODA loan agreement to Madagascar. The expansion of the breakwater, an expansion of the container yard, and dredging and expansion of the container freight berths will be conducted, and the project completion is scheduled in 2026. This, in turn, is driving the dredging operations in the country’s ports.
Companies operating in the market include Mitsubishi Heavy Industries, Ltd., Sumitomo Heavy Industries Ltd., KROHNE Group, and Royal Boskalis Westminster NV. Mitsubishi Heavy Industries offers trailing suction hopper dredger, Seiryu-maru that features highly advanced multifunctional high-capability with the oil recovery system. The dredger is equipped with three outstanding functions: dredging capable of environmentally-friendly leveled dredging by thin layers; oil recovery capable of handling low- to high-viscosity oil in the open sea, and accident control capable of prompt response in the event of an accident. This vessel was ordered from Mitsubishi Heavy Industries, Ltd. by the Chubu Regional Bureau of the Ministry of Land, Infrastructure and Transport (MLIT) in November 2003.
Japan Dredging Market – Segmentation
Cutter Suction Dredger
Trailing Suction Hopper Dredger
Barge Unloading Dredger
Oil and Gas Companies
Others (Renewable Energy)
Kojimagumi Co., Ltd.
Mitsubishi Heavy Industries, Ltd.
Penta-Ocean Construction Co. Ltd.
Royal Boskalis Westminster NV
Sumitomo Heavy Industries Ltd.
Toyo Denki Industrial Co., Ltd.
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