The Dredging Equipment Market Size Worth $7 billion by 2031, at a CAGR of 5.9%

Dredging Equipment Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Dredging Equipment Market size is expected to reach $7 billion by 2031, rising at a market growth of 5.9% CAGR during the forecast period.

Dredging equipment refers to specialized machinery and tools for excavating, removing, and transporting sediments, debris, or other materials from underwater environments such as rivers, lakes, harbors, and coastal areas. It is essential for various applications, including maintaining navigable waterways, reclaiming land, constructing infrastructure, and environmental remediation.

The Hydraulic Dredger segment led the Global Dredging Equipment Market by Type in 2023; thereby, achieving a market value of $3 Billion by 2031. Hydraulic dredgers are versatile and adaptable to different types of dredging projects, including maintenance dredging, capital dredging, and environmental remediation. They can operate in various water depths and sediment types, making them suitable for shallow and deep-water dredging operations.

The Navigational Channels segment is growing at a CAGR of 5.2 % during the forecast period. Navigational channels, including rivers, harbors, and shipping lanes, require regular dredging to maintain adequate water depths and widths for safe vessel passage. Dredging equipment is essential for removing sedimentation, siltation, and natural debris obstructing navigation, ensuring maritime safety, and reducing the risk of grounding or accidents.

Full Report: https://www.kbvresearch.com/dredging-equipment-market/

The Asia Pacific region dominated the Global Dredging Equipment Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2.7 Billion by 2031. The North America region is anticipated to grow at a CAGR of 5.3% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 5.5% during (2024 - 2031).

List of Key Companies Profiled

• Liebherr-International AG
• American Marine Corporation (Holco Group)
• Dredge Yard B.V.
• DSC Dredge, LLC
• Ellicott Dredges, LLC (Markel Corporation)
• GeoForm International Inc.
• Holland Dredge Design
• IHC Merwede Holding B.V.
• Shandong Haohai Dredging Equipment Co., Ltd.
• US Aqua Services

Dredging Equipment Market Report Segmentation

By Type

• Hydraulic Dredger
• Mechanical Dredger
• Others

By Application

• Navigational Channels
• Land Reclamation
• Environmental Remediation
• Construction
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

Asia Pacific Dredging Equipment Market Size & Share by 2031

• July-2024
• 91 Pages

North America Dredging Equipment Market Size & Share | 2031

• July-2024
• 84 Pages

LAMEA Dredging Equipment Market Size & Growth Report to 2031

• July-2024
• 91 Pages

Europe Dredging Equipment Market Size | Forecast 2031

• July-2024
• 91 Pages