Harbor Deepening Market Is Estimated To Growing At A CAGR Of 3.5% By 2032

The global harbor deepening market is estimated at USD 4.9 Billion in 2022 and is forecast to surpass USD 6.9 Billion by 2032, growing at a CAGR of 3.5% from 2022 to 2032.

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Shipping industry has permeated the international trading space. The International Chamber of Shipping revels that more than 50,000 merchant ships, accounting for around 90 percent of worldwide trading via international waters have been in operation. This has led to increasing number of large vessel anchoring, consequently increasing the need for harbor deepening.

Expanding oil and oil gas sector has remained influential in increasing the harbor deepening activities, especially after the removal of trade restrictions on crude oil exports across major countries. This has translated into an increase in oil exports to an average of 1.1 million barrels per day from the United States alone in 2017. Implementation of technologies also have accelerated the global oil trade, thus raising the need for harbor deepening projects across nations.

Prominent Key players of the Harbor Deepening market survey report:

• DEME
• Jan De Nul
• Great lakes Dredge & Dock Company
• Royal Boskalis Westmister
• Van Oord Dredging & Marine Contractors
• CHEC
• Penta Ocean
• Hyundai E&C
• TOA Corporation
• Dredging Corporation of India
• National Marine Dredging
• Cashman Dredging
• Inai Kiara
• Rohde Nielsen

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Global Harbor Deepening Market Segments

• By Application :

  • Capital Deepening
  • Trade Maintenance
  • Urban Development
  • Coastal Protection

• By End-Use :

  • Government Organizations
  • Private Organizations
  • Mining & Energy Companies
  • Oil & Gas Companies

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

Competitive Landscape: Top Companies in Harbor Deepening Market

The market composition for harbor deepening includes majorly international European players like Jan De Nul and DEME. These players operate for onshore, offshore, civil works, marine solutions and environmental projects.

Further, with a large fleet size and wide business portfolio, major players are gaining global share. Mid-size companies are growing their market share rapidly by engaging operations with big players in international projects. A firm grip on the international market is strengthening the big players while regional dominance in the closed market of North America and China gives an edge to small domestic players.

Fact.MR has provided detailed information about price points of top manufacturers of harbor deepening market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

• In 2020, Dredging Environmental and Marine Engineering NV (DEME) Group has signed a dredging and land reclamation contract for Abu Qir port in Egypt.
• In 2020, Penta-Ocean Construction Co. Ltd. has announced to acquire the Singapore based company named as M&E Pte Ltd.

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Questionnaire answered in the Harbor Deepening Market report include:

• How the market for Harbor Deepening has grown?
• What is the present and future outlook of the global Harbor Deepening on the basis of region?
• What are the challenges and opportunities for the Harbor Deepening?
• Why the consumption of Harbor Deepening highest in region?
• In which year segment is expected to overtake segment?

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