North America dredging market is estimated to grow at a CAGR of nearly 2.0% during the forecast period. Some pivotal factors encouraging dredging operations in the region include emerging investment in maritime infrastructure and increasing offshore oil and gas operations. Significant rise in global trade activities is leading to an increasing focus on the improvement of maritime infrastructure. As a result, several contracts for port dredging operations have reported in the country. For instance, in March 2019, $35 million was received by the Boston Harbor Dredging Project in federal funding. The project is nearly 30% complete, and the funding will support to continue on schedule. This project is a $350 million collaboration between the Commonwealth of Massachusetts, Massachusetts Port Authority (Massport), and the USACE.

In December 2017, the maintenance dredging of the inner harbor was completed, and the deepening of the key ship channels started in July 2018 for accommodating large container vessels today and in the future. The investment in the Boston Port will enable local manufacturers, industries, and workers to become competitive in the rising global economy. These kinds of investment for maintenance of ports is driving the adoption of marine vessels fitted with dredgers that are capable of weeding off depositions including sediments, sand, gravel, and more from the seabed. Dredging operations ensures safe bottom clearances for the safer voyages and facilitates fishing or water navigation easier in shallow water.

Some prominent players in the market include Great Lakes Dredge & Dock Co., LLC, Callan Marine, Ltd., Coastal Dredging Co., Inc., and Norfolk Dredging Co. Great Lakes Dredge & Dock Co. offers dredging services in the East, West, and Gulf Coasts of the US and globally. In the US, the company’s work is generally performed in coastal waterways and deep-water ports. In June 2020, Great Lakes Dredge & Dock Corp. (GLDD), one of the major providers of dredging services in the US declared the implementation of a definitive contract to build a 6,500-cubic-yard-capacity trailing suction hopper dredge (TSHD) with Conrad Shipyard. The vessel will complement the existing six-dredge hopper fleet of the company, such as the ATB Tug Douglas B. Mackie and 15,000-cubic-yard-capacity barge Ellis Island, that was delivered in 2017.

Research Methodology

The market study of the North America 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:

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

The Report covers:

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