India dredging hose market is estimated to grow at a CAGR of nearly 4.2% during the forecast period. The Indian dredging industry is significantly driven by the increasing demand for dredging from its major and non-major ports. Owing to the recent developments to encourage local manufacturing coupled with the Make in India initiative and the government’s focus for the development of the Indian maritime sector, the dredging sector is gaining significance across the country. Indian ports are focusing on handling more cargo with the accommodation of larger vessels and fulfilling global standards in port infrastructure to achieve economies of scale. Therefore, Indian ports are working towards the development of the basic infrastructure such as mechanization and the creation of more berths and deepening of channels, which will offer strong demand for the dredging operations. Moreover, the development of greenfield ports would also propel the demand for dredging in India. 

As per the Ministry of Shipping (MoS), in the next few years, most of the key ports would increase their capacity to accommodate bigger ships. Apart from these, the increasing need for new developments from Navy, offshore exploration, and national waterways, the scope of the Indian dredging industry seems vast. As per the Dredging Corp. of India Ltd., the Indian annual dredging market was estimated at nearly 147 – 157 million cubic meter (mcm) with maintenance dredging representing nearly 70% of the Indian dredging market. India has 12 major ports and nearly 200 non-major ports administered by Central and State Governments, respectively. This leads to increasing demand for dredging equipment including hoses for suction and discharge applications and is suited in most demanding applications.

Companies operating in the market include Trelleborg AB, Hitech Rubber Industries, Polyhose India Pvt Ltd., IHC Merwede Holding B.V., and Sangir Plastics Pvt. Ltd. In November 2019, Dredging consultants from a range of Dutch companies including Royal IHC (IHC), Deltares and NETICS have made a full-scale pilot project for implementation of a circular sediment management plan for reservoir dredging in India. Removal of sediments through dredging is seen as a costly process. Although, IHC’s technique shows that costs can be decreased significantly, and additional revenue can be generated by reusing the dredged sediments rather than disposing of them as a waste product.

Research Methodology

The market study of the India 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:

• India Dredging Hose Market Research and Analysis, By Type

The Report covers:

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