Germany dredging hose market is estimated to grow at a CAGR of nearly 3.4% during the forecast period. Germany has the largest natural gas production capacity among EU5 economies. In 2018, Germany produced 4.8 Mtoe of total natural gas. However, oil and gas exploration in Germany is a small industry compared to top producer countries all across the globe, although German exploration and supplier companies do play an important role on the international level. Therefore, there is a significant demand for dredging by the oil & gas exploration companies. Along with this, the tidal Elbe estuary in northern Germany serves as one of the major sediment transport and management estuaries in the country. There were some of the new projects and developments announced in 2019-2020, regarding the exploration of dredging in Germany. 

For instance, in February 2020, Belgian-based dredging company, DEME Group has been awarded a contract as part of a joint venture to widen a 4 km stretch of Kiel Canal in Germany. Work was started in January 2020 and expected to end by 2023. The widening will significantly increase the efficiency of the waterway, which is important for international shipping. The work was commissioned by the Federal Waterways & Shipping Administration, represented by WSA Kiel-Holtenau. The contract has a total value of approximately $109.3 million. Further, in September 2019, The German Shipowners’ Association, Verband Deutscher Reeder (VDR), and the German Federal Chamber of Pilots, Bundeslotsenkammer (BLK), called for the urgent improvements to mobile network coverage in German coastal waters. The broadband infrastructure necessary for maritime digitization in the country’s coastal waters is still underdeveloped.

Companies operating in the market include ContiTech AG, Continental AG, EMSTEC GmbH, Trelleborg AB, Gummiwarenfabrik Emil Simon GmbH & Co KG, and Witzenmann GmbH. In July 2019, Continental AG entered into an agreement with Merlett Group, based in Italy, to acquire its flexible hose business. This acquisition will enable Continental to expand its material expertise beyond rubber, especially in terms of high-performance thermoplastics technologies and solutions. Simultaneously, Continental is expanding its product portfolio and widening its regional presence, primarily in Europe. This agreement covers the acquisition of all of Merlett Group’s activities, which includes three manufacturing plants in Switzerland and Italy as well as a comprehensive network of sales offices in 12 European countries with approximately 500 employees. 

Research Methodology

The market study of the Germany dredging hose 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:

• Germany Dredging Hose Market Research and Analysis, By Type

The Report covers:

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