The global dredging hose market is estimated to grow at a CAGR of nearly 3.3% during the forecast period. The demand for dredging hose is growing significantly owing to increasing seaborne trade. For instance, according to United Nations Conference on Trade and Development (UNCTAD), in 2018, developing economies accounted for the largest share of global seaborne trade, both in terms of exports (goods loaded) and imports (goods unloaded). They loaded 59% and unloaded 64% of the world total. With a volume of 4.2 billion tons loaded and 5.9 billion tons unloaded. The natural sediment found on the bottom of the seas and waterways creates a big challenge and can hinder the proper navigation. Hence, dredging activities are frequently increasing to improve navigation and increase bottom clearance to facilitates seaborne trade.
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In addition, growing environmental concerns and high energy demand is also diving rise to dredging activities, hence creating demand for dredging hose. Significant growth in the hydraulic dredging activities which include dredging through suction dredgers and cutter dredgers is boosting the market. The natural sediment found on the bottom of the seas and waterways creates a big challenge and can hinder the proper navigation of the ships. Hence, the dredging activities are frequently increasing to improve the navigation and increase bottom clearance to facilitate seaborne trade.
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Global Dredging Hose Market Segmentation
By Type
- Floating Dredge Hose
- Non-Floating Dredge Hose
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