Asia-Pacific dredging market is estimated to grow at a CAGR of nearly 2.5% during the forecast period. Increasing government investments for dredging and extreme seaborne trade operations are the major factors contributing to market growth. China holds a potential share in the global export and therefore, seven out of the top ten busiest ports are in China from consecutive years, as per the data by World Shipping Council. China Communications Construction Company, Ltd. (CCCC) is among the largest companies globally providing dredging services, operating mainly in China and some of its neighboring countries. Owing to the increasing Chinese ports' volume and emerging port handling capacity, the country is significantly focusing on modernizing the ports. Existence of thousands of rivers is further encouraging the demand for dredging operations in the country.

Therefore, Chinese dredging companies have undertaken a large amount of dredging and reclamation works for ports, navigation channels, irrigation, and environmental protection. Moreover, Indian government initiatives including the National Perspective Plan for Sagarmala is estimated to boost the demand for dredging services. Under the scheme, six new mega ports will be developed in India. Other emerging economies such as Bangladesh has also reported focusing on dredging activities. For instance, in February 2020, the Bangladesh government declared a master plan to dredge 10,000 km of rivers to increase their navigation ability that will facilitate water transportation. Nearly 178 rivers will be dredged in the next five years. This, in turn, has emerged the demand for dredging equipment in the region.

Some prominent players in the market include CCCC, Dredging Corp. of India Ltd. (DCIL), Inai Kiara Sdn Bhd, The Cooper Group of Companies (CGC), and Hyundai Engineering and Construction Co., Ltd. CCCC scope of dredging business mainly includes infrastructure dredging, maintenance dredging, environmental dredging, and reclamation, as well as supporting projects related to dredging and land reclamation. The company received multiple contracts from domestic as well as international markets. Further, DCIL dredging activities includes executing capital and maintenance dredging for new and existing ports. 

Some major contracts received by Dredging Corp. of India Ltd. include-

• Maintenance dredging in Hooghly Estuary in the shipping channel of Kolkata Port Trust for five years (2017-2022)
• Dredging for maintenance of channels and basins at Cochin Port for 2018-19
• Maintenance Dredging at Cochin Shipyard for 5 Years from 2015 and Capital dredging work carried out in connection with INS Vikramaditya for 2018-19

Research Methodology

The market study of the Asia-Pacific dredging market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

• Asia-Pacific Dredging Market Research and Analysis, By Type
• Asia-Pacific Dredging Market Research and Analysis, By End-User

The Report covers:

• Comprehensive research methodology of the Asia-Pacific dredging market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific dredging market.
• Insights about market determinants which are stimulating the Asia-Pacific dredging market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.