China dredging hose market is estimated to grow at a CAGR of nearly 3.9% during the forecast period. Significant rise in investment in port infrastructure is contributing to the rising number of dredging contracts in the country. In 2013, China’s Belt and Road Initiative (BRI) was introduced which is a major port infrastructure project in the country. Under the initiative, China is spending close to $1 trillion to connect trade hubs and ports from the Pacific to Northern Europe. With the growing exports to other countries, China is significantly focusing on improving port infrastructure, which leads to an increasing dredging activity and thereby encouraging the market growth in the country.
China is the major provider of electronic products across the globe, which has primarily led its global trade operations. China exports a large number of electronic components that are utilized in televisions and smartphones. China exports all major electronic components, including LED chips, printed circuit boards, memory, mobile displays, capacitors, and open-cell TV panels. The demand for consumer electronic products globally is one of the major aspects of the increasing exports from the country. Further, as per the Eurostat, in 2019, China was the largest partner for EU imports of goods (19%) and the third-largest partner for EU exports of goods (9%) In 2019, EU imports of goods from China were nearly $406.2 billion. Therefore, seven ports out of the top ten global ports in the container handling by volume are from China. This, in turn, is leading the demand for port construction and maintenance activities in the country.
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China Dredging Hose Market Segmentation
By Type
- Floating Dredge Hose
- Non-Floating Dredge Hose
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Company Profiles
- ContiTech AG
- Hebei Qianli Rubber Products Co., Ltd.
- Hebei Zebung Rubber Technology Co., Ltd.
- Hengshui Yeli Rubber Hose Co., Ltd.
- Huaou Rubber Hose Co., Ltd.
- JinYuan Rubber Manufacturing (JYM Hose) Ltd.
- Nanjing Vincit- Gao Industrial Co., Ltd.
- Qingdao Everflex Rubber & Plastic Co. Ltd.
- Royal Boskalis Westminster N.V.
- Trelleborg AB
- VHMarineTech Co., Ltd.
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