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Dredging Equipment Market Share

Report ID: GMI11039
Published Date: Aug 2024
Report Format: PDF

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Dredging Equipment Market Share

Jan De Nul Group, Boskalis Westminster, and Royal IHC hold a significant market share of 16% in 2023. Jan De Nul Group, Boskalis Westminster, and Royal IHC are key industry players known for offering comprehensive dredging solutions. They provide a wide range of equipment and services, from advanced dredgers and excavators to project management and maintenance. These companies leverage their extensive expertise and technological innovations to deliver high-performance solutions for complex dredging projects across various global regions.

Leading firms in the industry are renowned for their technological innovation. They consistently invest in developing cutting-edge dredging equipment and incorporating advanced technologies like automation and eco-friendly systems. This focus on innovation boosts operational efficiency, reduces environmental impact, and establishes industry benchmarks, positioning these companies as frontrunners in providing state-of-the-art dredging solutions.

Dredging Equipment Market Companies

Major players operating in the dredging equipment industry are:

Royal IHC
Jan De Nul Group
DEME Group
Boskalis Westminster
Ellicott Dredges
Van Oord
Damen Shipyards Group

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of dredging equipment was worth over USD 8.1 billion in 2023 and is expected to register 4.8% CAGR from 2024 to 2032, due to increased global trade and the expansion of port facilities.

Dredging equipment industry from the hydraulic dredgers segment held over 45% share in 2023 and is expected to register an appreciable CAGR from 2024 to 2032, due to being the preferred choice for sediment removal due to their efficiency and versatility.

Asia Pacific dredging equipment industry held 37% share in 2023 and is expected to register a commendable CAGR from 2024 to 2032, due to growing environmental concerns, increased private and government incentives, and investments across developing EV infrastructure in the region.

Royal IHC, Jan De Nul Group, DEME Group, Boskalis Westminster, Ellicott Dredges, Van Oord, and Damen Shipyards Group, are some of the major dredging equipment companies in Europe.