Asia-Pacific dredging market is estimated to grow at a CAGR of nearly 2.5% during the forecast period. Increasing government investments for dredging and extreme seaborne trade operations are the major factors contributing to market growth. China holds a potential share in the global export and therefore, seven out of the top ten busiest ports are in China from consecutive years, as per the data by World Shipping Council. China Communications Construction Company, Ltd. (CCCC) is among the largest companies globally providing dredging services, operating mainly in China and some of its neighboring countries. Owing to the increasing Chinese ports’ volume and emerging port handling capacity, the country is significantly focusing on modernizing the ports. Existence of thousands of rivers is further encouraging the demand for dredging operations in the country.
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Therefore, Chinese dredging companies have undertaken a large amount of dredging and reclamation works for ports, navigation channels, irrigation, and environmental protection. Moreover, Indian government initiatives including the National Perspective Plan for Sagarmala is estimated to boost the demand for dredging services. Under the scheme, six new mega ports will be developed in India. Other emerging economies such as Bangladesh has also reported focusing on dredging activities. For instance, in February 2020, the Bangladesh government declared a master plan to dredge 10,000 km of rivers to increase their navigation ability that will facilitate water transportation. Nearly 178 rivers will be dredged in the next five years. This, in turn, has emerged the demand for dredging equipment in the region.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Asia-Pacific Dredging Market by Type
- Mechanical Dredger
- Bucket Dredger
- Grab Dredger
- Backhoe Dredger
- Hydraulic Dredger
- Suction
- Cutter Suction Dredger
- Trailing Suction Hopper Dredger
- Barge Unloading Dredger
Asia-Pacific Dredging Market by End-User
- Government
- Oil and Gas Companies
- Mining Companies
- Others (Renewable Energy)
Regional Analysis
- China
- India
- Japan
- Rest of Asia-Pacific
Company Profiles
- Adani Group
- Baekkun Dredging co., Ltd.
- China Communications Construction Co., Ltd. (CCCC)
- Dredging Corp. of India Ltd.
- East Marine Pte Ltd.
- Hyundai Engineering and Construction Co., Ltd.
- IMS Ship Management Pvt. Ltd.
- Inai Kiara Sdn Bhd
- KSE Marine Works Pte Ltd.
- Neumann Equipment
- Shanghai Zhenhua Heavy Industries Co., Ltd.
- Sumitomo Heavy Industries Ltd.
- Swalf Engineering Services Pvt. Ltd.
- The Cooper Group of Companies (CGC)
- Toa Corp.
The Report covers:
- Comprehensive research methodology of the Asia-Pacific dredging market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific dredging market.
- Insights about market determinants which are stimulating the Asia-Pacific dredging market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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