China dredging market is estimated to grow at a CAGR of nearly 2.6% during the forecast period. Rising investment in port infrastructure and significant existence of rivers are primarily contributing to the emerging dredging contracts in the country. In 2013, China’s Belt and Road Initiative (BRI) introduced, which is a major port infrastructure project in the country. Under the initiative, China is spending close to $1 trillion to connect trade hubs and ports from the Pacific to Northern Europe. With the growing exports to other countries, China is significantly focusing on improving port infrastructure, which leads to an increasing dredging activity in the country. 

China Communications Construction Co. Ltd. (CCCC) is the major players with significant dredging contracts within and outside the country. CCCC received multiple contracts from domestic as well as international markets. In 2019, the number of new dredging projects by CCCC was 764. In addition, there is an existence of thousands of rivers in the country and due to the natural geographic conditions, soil erosion into rivers is a major problem. There is a high content of sand in soil and river sediment in lakes and rivers. The serious water and soil loss result in a decline in the performance of flood discharge systems. Hence, continuous and large-scale dredging is required to prevent flooding, which, in turn, is further contributing to the market growth.

Some key players in the market include CCCC, Cosco Shipping Lines Co., Ltd., Shanghai Zhenhua Heavy Industries Co., Ltd., and Jiangsu Haixin Shipping Heavy Industry Co., Ltd.  In June 2019, CHEC, a subsidiary of CCCC in partnership with the Ukrainian Sea Ports Authority, has finished the dredging project at the Chernomorsk seaport. The project is aimed at enhancing the competitiveness of Ukraine’s port's in the Black Sea. Additionally, in August 2019, COSCO SHIPPING Tianjin proposed to acquire 10% interest in CCCC. The cooperation with CCCC Dredging Group may provide growth potential and stable net profits for COSCO SHIPPING.

Research Methodology

The market study of the China 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:

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

The Report covers:

• Comprehensive research methodology of the China 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 China dredging market.
• Insights about market determinants which are stimulating the China dredging market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.