The US dredging hose market is estimated to grow at a CAGR of nearly 3.1% during the forecast period. Rising investment in port dredging is contributing to the growth of the market. In April 2020, USACE provided a construction contract valued $97.9 million to Callan Marine, Ltd. This is intended to finish the second phase of the four-phase Corpus Christi Ship Channel Improvement Project. It enhances the channel depth from -47 feet Mean Lower Low Water (MLLW) to -54 ft MLLW and broadens the channel to 530 feet with an additional 400 feet of barge shelves. 

This awarded contract follows the Contract 1 completion, which GLDD finished on time in March 2020, deepening and widening the Corpus Christi Ship Channel (CCSC) from the Gulf of Mexico to Harbor Island. The Contract 2 will deepen and broaden the CCSC from Harbor Island to 2.7 miles past the LA Quinta Junction. In addition, it comprises Ingleside which is operated by the three major crude export marine terminal operators, such as Flint Hills Resources, Buckeye Partners, and Moda Midstream that will directly benefit. 

Further, Callan Marine will provide service as a major contractor to the Texas Department of Transportation for a maintenance dredging project located at the Bolivar Ferry Terminal. It comprises the removal of 600,000 cubic yards of material and returning the landings to the required depth of 22’. The project was anticipated to start from 15th May 2020, and work is estimated to finish late July 2020. This shows that the US is significantly focusing to continue its marine infrastructure operations to further strengthen the global trade. This leads to the adoption of hoses which is equipped with dredgers and suitable for dredging sand and slurry.

Some prominent players in the market include Trelleborg AB, Royal Boskalis Westminster N.V., Townley Engineering & Manufacturing Co., Inc., Salem-Republic Rubber Co., and Parker-Hannifin Corp. For instance, in March 2018, Parker Hannifin Corp. introduced its HCR subsea hydraulic hose. It is particularly designed to withstand the collapse forces found in deep-sea hydraulic applications, which includes BOP stacks, subsea hydraulics, well stimulation, and hydraulic flying leads. This will enhance the company’s position in the line of dredging hose industry of oil sector.

Research Methodology

The market study of the US 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:

• US Dredging Hose Market Research and Analysis, By Type

The Report covers:

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