China dredging market is estimated to grow at a CAGR of nearly 2.6% during the forecast period. Rising investment in port infrastructure and significant existence of rivers are primarily contributing to the emerging dredging contracts in the country. In 2013, China’s Belt and Road Initiative (BRI) 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 in the country.
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China Communications Construction Co. Ltd. (CCCC) is the major players with significant dredging contracts within and outside the country. CCCC received multiple contracts from domestic as well as international markets. In 2019, the number of new dredging projects by CCCC was 764. In addition, there is an existence of thousands of rivers in the country and due to the natural geographic conditions, soil erosion into rivers is a major problem. There is a high content of sand in soil and river sediment in lakes and rivers. The serious water and soil loss result in a decline in the performance of flood discharge systems. Hence, continuous and large-scale dredging is required to prevent flooding, which, in turn, is further contributing to the market growth.
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China 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)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
