GITNUXREPORT 2026

Dredging Industry Statistics

The global dredging industry is growing significantly, driven by major port expansions and infrastructure projects worldwide.

Alexander Schmidt

Research Analyst specializing in technology and digital transformation trends.

First published: Feb 13, 2026

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Statistic 1

The dredging industry employed 85,000 people directly worldwide in 2022.

Statistic 2

Average annual salary for dredge operators is USD 75,000 in the US, 2023 data.

Statistic 3

Dredging contributes USD 50 billion to global GDP indirectly via trade facilitation.

Statistic 4

US dredging industry generated USD 4.2 billion in economic output in 2023.

Statistic 5

Netherlands dredging sector supports 25,000 jobs and EUR 5 billion turnover annually.

Statistic 6

Cost per m³ dredged averages USD 3.50 for maintenance, USD 8.50 for capital projects.

Statistic 7

Global dredging contracts awarded totaled USD 15 billion in 2023.

Statistic 8

ROI on dredging investments averages 4:1 for port expansions per OECD studies.

Statistic 9

China's dredging firms exported services worth USD 2.5 billion in 2022.

Statistic 10

Labor costs represent 35% of total dredging project expenses globally.

Statistic 11

Dredging supports 1.2 million indirect jobs in supply chains worldwide.

Statistic 12

Average project duration is 180 days, with daily costs USD 50,000 for large dredgers.

Statistic 13

EU dredging market turnover EUR 7.5 billion in 2022, 12,000 direct employees.

Statistic 14

Fuel costs account for 40% of operational expenses, USD 1.2 million per month for TSHDs.

Statistic 15

Singapore dredging industry contributes SGD 3 billion to GDP, 8,000 jobs.

Statistic 16

Insurance premiums for dredgers average 1.5% of vessel value annually.

Statistic 17

Public-private partnerships fund 45% of global dredging projects, saving 20% costs.

Statistic 18

Belgium dredging exports generate EUR 1.2 billion yearly, 4,500 jobs.

Statistic 19

Downtime costs dredgers USD 25,000 per day due to weather or maintenance.

Statistic 20

Australia dredging market AUD 2.5 billion turnover, 6,000 employees in 2023.

Statistic 21

Productivity metric: modern cutters achieve 20,000 m³/day in soft soils.

Statistic 22

Depreciation on dredgers averages 5% per year over 20-year lifespan.

Statistic 23

Vietnam dredging sector employs 15,000, contributes 2% to construction GDP.

Statistic 24

Bid success rate for dredging tenders is 25%, average contract value USD 10 million.

Statistic 25

Dredging activities release 10-20% of sediments' heavy metals back into water columns.

Statistic 26

Over 50% of global dredging projects require environmental impact assessments per OSPAR guidelines.

Statistic 27

Dredging contributes to 15% of coastal turbidity spikes, affecting marine life for weeks.

Statistic 28

Beneficial use of dredged material reaches 60 million m³/year in EU, reducing disposal needs.

Statistic 29

In the US, 25% of dredged sediments are contaminated, requiring confined disposal.

Statistic 30

Dredging noise levels exceed 180 dB at source, impacting marine mammals within 1km radius.

Statistic 31

40% reduction in suspended solids achieved via silt curtains in recent projects.

Statistic 32

Global dredged material volume is 6 billion m³/year, 70% marine disposal.

Statistic 33

Coral reefs damaged in 30% of tropical dredging zones, recovery takes 5-10 years.

Statistic 34

Thin layer capping with dredged material restores 20,000 ha wetlands annually in US.

Statistic 35

Dredging increases methane emissions from sediments by 25-50% temporarily.

Statistic 36

EU Water Framework Directive compliance failed in 35% of dredging projects in 2022.

Statistic 37

Fish entrainment in dredges averages 1-5% of local populations during operations.

Statistic 38

80% of ports use water injection dredging to minimize ecological disturbance.

Statistic 39

Dredging resuspends PCBs at 0.1-1 µg/L in contaminated sites, per EPA standards.

Statistic 40

Mangrove habitats lost 12% in dredging zones, but restoration succeeds 70% with dredged soil.

Statistic 41

Ocean disposal sites monitored for 95% compliance under London Convention.

Statistic 42

Dredging contributes 5% to coastal erosion acceleration in high-activity areas.

Statistic 43

Biodiversity indices drop 20-40% post-dredging, recover in 1-3 years.

Statistic 44

Green port initiatives reduced dredging emissions by 30% via hybrid vessels in 2023.

Statistic 45

Seagrass beds destroyed at 50 m² per 1,000 m³ dredged, per Australian studies.

Statistic 46

Dredged material reuse for beach nourishment: 15 million m³/year in US.

Statistic 47

Turbidity plumes extend 2-5 km from dredging sites, lasting 4-12 hours.

Statistic 48

65% of dredging contracts now include environmental management plans.

Statistic 49

Dredging hotspots show 10% higher microplastic concentrations post-operation.

Statistic 50

Restoration projects using dredged sediments created 5,000 ha new habitats since 2010.

Statistic 51

Worldwide, cutter suction dredgers numbered 1,850 in 2023, comprising 42% of active fleet.

Statistic 52

The average capacity of new hopper dredgers built in 2022 was 18,500 m³, up 12% from 2020.

Statistic 53

In 2023, 65 new dredging vessels were delivered globally, with China building 52% of them.

Statistic 54

Trailing suction hopper dredgers (TSHD) averaged 15,200 m³ loaded capacity in Europe fleet.

Statistic 55

Global dredging fleet utilization rate was 78% in 2022, highest in Asia at 85%.

Statistic 56

There were 2,450 dredgers worldwide in 2023, with 1,200 cutter suction types leading.

Statistic 57

Average age of active dredgers globally is 15.2 years, with 28% over 20 years old.

Statistic 58

In 2023, 120 dredgers were under construction, 40% hopper types with total capacity 1.2 million m³.

Statistic 59

US dredging fleet includes 250 vessels, 60% owned by federal agencies like USACE.

Statistic 60

Electric dredgers increased to 15% of new builds in 2023 from 8% in 2020.

Statistic 61

Largest operational dredger, Icon, has 17,600 m³ hopper capacity, built in 2015.

Statistic 62

Asia holds 55% of global dredging fleet, over 1,350 vessels in 2023.

Statistic 63

Grab dredgers number 650 globally, used primarily in shallow waters under 15m.

Statistic 64

Dredger engine power averaged 12,500 kW for cutters in 2022 new builds.

Statistic 65

35% of dredgers feature dynamic positioning systems as of 2023.

Statistic 66

Netherlands owns 320 dredgers, 13% of world fleet, mostly TSHDs.

Statistic 67

Annual dredging vessel scrapping rate is 2.5%, with 60 units retired in 2023.

Statistic 68

Plunger dredgers, niche type, number only 45 worldwide, mainly for sand mining.

Statistic 69

Average dredge pump power on modern cutters is 4,200 kW per unit.

Statistic 70

22% of fleet has automation for unmanned operation capabilities in 2023.

Statistic 71

China's dredger fleet totals 850 units, 35% global share in 2023.

Statistic 72

Wheel dredgers declined to 120 units globally, 5% of fleet.

Statistic 73

Dredger spud length averages 45m for deep-water operations.

Statistic 74

LNG-powered dredgers rose to 12 units in operation by 2023.

Statistic 75

The Port of Rotterdam expansion used 1.2 billion m³ dredged material over 5 years to 2023.

Statistic 76

Singapore's Tuas Port Phase 1 involved dredging 400 million m³, completed in 2023.

Statistic 77

Panama Canal expansion dredging totaled 150 million m³ from 2007-2016, ongoing maintenance 5 million m³/year.

Statistic 78

Dubai's Palm Jumeirah required 94 million m³ sand dredging for reclamation.

Statistic 79

The USACE dredged 200 million m³ annually across 25,000 miles of waterways in 2023.

Statistic 80

Maasvlakte 2 project in Netherlands reclaimed 300 million m³ land via dredging.

Statistic 81

China's Bohai Bay reclamation dredged 500 million m³ for Tianjin Port expansion.

Statistic 82

Jamaica's Kingston Harbour dredging removed 4.5 million m³ to deepen to 16.5m in 2022.

Statistic 83

Australia's Gladstone Port dredged 20 million m³ for LNG export channels.

Statistic 84

Venice MOSE project involved 30 million m³ dredging for flood barriers.

Statistic 85

New York/New Jersey Harbor deepening to 50ft required 75 million m³ dredging.

Statistic 86

Indonesia's Jakarta Giant Sea Wall plans 15 billion m³ dredging over 20 years.

Statistic 87

Corpus Christi Ship Channel expansion dredged 110 million m³ to 54ft depth.

Statistic 88

Korea's Incheon Airport built on 5.5 million m³ dredged reclamation.

Statistic 89

Mississippi River dredging annually handles 250 million m³ for navigation.

Statistic 90

Qatar's Hamad Port dredging deepened to 16m, removing 30 million m³.

Statistic 91

UK's Thames River maintenance dredges 2.5 million m³ yearly.

Statistic 92

Malaysia's Penang Port South reclamation used 20 million m³ dredged sand.

Statistic 93

Brazil's Santos Port access channel dredging to 16.5m, 25 million m³.

Statistic 94

Egypt's Suez Canal expansion dredged 500 million m³ in 2015.

Statistic 95

Philippines' Manila Bay reclamation dredged 100 million m³ for new land.

Statistic 96

Savannah Harbor Expansion Project dredged 27 million m³ to 47ft.

Statistic 97

Taiwan's Taichung Port coal terminal dredged 15 million m³.

Statistic 98

Nigeria's Lagos Lekki Port dredging to 16m, 12 million m³.

Statistic 99

Denmark's Femern Belt tunnel approach dredged 8 million m³.

Statistic 100

Vietnam's Cai Mep Thi Vai port deepened with 18 million m³ dredging.

Statistic 101

Houston Ship Channel widening dredged 90 million m³ since 2015.

Statistic 102

The global dredging market size was valued at USD 14.2 billion in 2022 and is projected to reach USD 20.8 billion by 2030, growing at a CAGR of 4.9%.

Statistic 103

In 2023, the Asia-Pacific region accounted for 45% of the global dredging market revenue, driven by port expansions in China and India.

Statistic 104

The cutter suction dredger segment dominated the market with a 38% share in 2022, valued at approximately USD 5.4 billion.

Statistic 105

Europe's dredging market is expected to grow from USD 2.8 billion in 2023 to USD 3.9 billion by 2030 at a CAGR of 4.8%.

Statistic 106

The maintenance dredging segment held 52% of the global market in 2022, generating USD 7.4 billion in revenue.

Statistic 107

North America's dredging industry reached USD 3.1 billion in 2023, with the US Army Corps of Engineers overseeing 60% of projects.

Statistic 108

By 2027, the global dredging equipment market is forecasted to hit USD 8.5 billion, up from USD 6.2 billion in 2022.

Statistic 109

China's dredging market alone was worth USD 4.1 billion in 2022, representing 29% of global share.

Statistic 110

The hopper dredger market segment is projected to grow at 5.2% CAGR, reaching USD 4.2 billion by 2030.

Statistic 111

In 2023, land reclamation dredging contributed USD 2.9 billion globally, mainly in Southeast Asia.

Statistic 112

The dredging services market in the Middle East was valued at USD 1.2 billion in 2022, with 6% annual growth.

Statistic 113

Global capital dredging market share was 48% in 2023, valued at USD 7.8 billion.

Statistic 114

Australia's dredging market grew to AUD 1.5 billion (USD 1.0 billion) in 2023 due to mining port developments.

Statistic 115

The trailing suction hopper dredger sub-segment is expected to reach USD 2.1 billion by 2028.

Statistic 116

In 2022, the environmental dredging market niche was USD 1.8 billion, growing at 6.1% CAGR.

Statistic 117

Southeast Asia's dredging market hit USD 3.2 billion in 2023, led by Singapore and Vietnam ports.

Statistic 118

The global dredging pump market was USD 1.4 billion in 2022, projected to USD 2.3 billion by 2031.

Statistic 119

US dredging market revenue reached USD 2.9 billion in 2023, with federal contracts at 70%.

Statistic 120

By 2030, automated dredging systems market to grow to USD 1.1 billion from USD 0.6 billion in 2023.

Statistic 121

India's dredging industry valued at INR 25,000 crore (USD 3.0 billion) in 2023.

Statistic 122

The clamshell dredger market segment was USD 1.2 billion in 2022, with 3.8% CAGR forecast.

Statistic 123

Netherlands dredging exports contributed EUR 2.1 billion to economy in 2022.

Statistic 124

Global river dredging market projected at USD 4.5 billion by 2028, from USD 3.3 billion in 2023.

Statistic 125

Japan's dredging market size was JPY 450 billion (USD 3.0 billion) in 2023.

Statistic 126

Offshore dredging for renewables market to reach USD 2.4 billion by 2030 at 7.2% CAGR.

Statistic 127

Belgium's dredging sector generated EUR 1.8 billion in 2022, 15% of EU total.

Statistic 128

Lake and reservoir dredging market valued at USD 1.0 billion globally in 2023.

Statistic 129

South Korea's dredging market hit KRW 5 trillion (USD 3.7 billion) in 2023.

Statistic 130

The subsea dredging market is expected to grow from USD 0.9 billion to USD 1.6 billion by 2030.

Statistic 131

Vietnam's dredging industry reached USD 1.1 billion in 2023, fueled by Mekong Delta projects.

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Sources

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Picture a multi-billion dollar global industry whose essential but largely unseen work moves the literal earth beneath our ports, waterways, and coastlines, as evidenced by a market valued at USD 14.2 billion in 2022 and projected to swell to USD 20.8 billion by 2030.

Key Takeaways

The global dredging market size was valued at USD 14.2 billion in 2022 and is projected to reach USD 20.8 billion by 2030, growing at a CAGR of 4.9%.
In 2023, the Asia-Pacific region accounted for 45% of the global dredging market revenue, driven by port expansions in China and India.
The cutter suction dredger segment dominated the market with a 38% share in 2022, valued at approximately USD 5.4 billion.
Worldwide, cutter suction dredgers numbered 1,850 in 2023, comprising 42% of active fleet.
The average capacity of new hopper dredgers built in 2022 was 18,500 m³, up 12% from 2020.
In 2023, 65 new dredging vessels were delivered globally, with China building 52% of them.
The Port of Rotterdam expansion used 1.2 billion m³ dredged material over 5 years to 2023.
Singapore's Tuas Port Phase 1 involved dredging 400 million m³, completed in 2023.
Panama Canal expansion dredging totaled 150 million m³ from 2007-2016, ongoing maintenance 5 million m³/year.
Dredging activities release 10-20% of sediments' heavy metals back into water columns.
Over 50% of global dredging projects require environmental impact assessments per OSPAR guidelines.
Dredging contributes to 15% of coastal turbidity spikes, affecting marine life for weeks.
The dredging industry employed 85,000 people directly worldwide in 2022.
Average annual salary for dredge operators is USD 75,000 in the US, 2023 data.
Dredging contributes USD 50 billion to global GDP indirectly via trade facilitation.

The global dredging industry is growing significantly, driven by major port expansions and infrastructure projects worldwide.

Economic Metrics

The dredging industry employed 85,000 people directly worldwide in 2022.
Average annual salary for dredge operators is USD 75,000 in the US, 2023 data.
Dredging contributes USD 50 billion to global GDP indirectly via trade facilitation.
US dredging industry generated USD 4.2 billion in economic output in 2023.
Netherlands dredging sector supports 25,000 jobs and EUR 5 billion turnover annually.
Cost per m³ dredged averages USD 3.50 for maintenance, USD 8.50 for capital projects.
Global dredging contracts awarded totaled USD 15 billion in 2023.
ROI on dredging investments averages 4:1 for port expansions per OECD studies.
China's dredging firms exported services worth USD 2.5 billion in 2022.
Labor costs represent 35% of total dredging project expenses globally.
Dredging supports 1.2 million indirect jobs in supply chains worldwide.
Average project duration is 180 days, with daily costs USD 50,000 for large dredgers.
EU dredging market turnover EUR 7.5 billion in 2022, 12,000 direct employees.
Fuel costs account for 40% of operational expenses, USD 1.2 million per month for TSHDs.
Singapore dredging industry contributes SGD 3 billion to GDP, 8,000 jobs.
Insurance premiums for dredgers average 1.5% of vessel value annually.
Public-private partnerships fund 45% of global dredging projects, saving 20% costs.
Belgium dredging exports generate EUR 1.2 billion yearly, 4,500 jobs.
Downtime costs dredgers USD 25,000 per day due to weather or maintenance.
Australia dredging market AUD 2.5 billion turnover, 6,000 employees in 2023.
Productivity metric: modern cutters achieve 20,000 m³/day in soft soils.
Depreciation on dredgers averages 5% per year over 20-year lifespan.
Vietnam dredging sector employs 15,000, contributes 2% to construction GDP.
Bid success rate for dredging tenders is 25%, average contract value USD 10 million.

Economic Metrics Interpretation

While 85,000 direct hands move the earth for a solid wage, their work is the silent, soggy bedrock upon which global trade sails, proving that keeping shipping lanes deep is a surprisingly shallow investment with a 4-to-1 return for the world economy.

Environmental Impacts

Dredging activities release 10-20% of sediments' heavy metals back into water columns.
Over 50% of global dredging projects require environmental impact assessments per OSPAR guidelines.
Dredging contributes to 15% of coastal turbidity spikes, affecting marine life for weeks.
Beneficial use of dredged material reaches 60 million m³/year in EU, reducing disposal needs.
In the US, 25% of dredged sediments are contaminated, requiring confined disposal.
Dredging noise levels exceed 180 dB at source, impacting marine mammals within 1km radius.
40% reduction in suspended solids achieved via silt curtains in recent projects.
Global dredged material volume is 6 billion m³/year, 70% marine disposal.
Coral reefs damaged in 30% of tropical dredging zones, recovery takes 5-10 years.
Thin layer capping with dredged material restores 20,000 ha wetlands annually in US.
Dredging increases methane emissions from sediments by 25-50% temporarily.
EU Water Framework Directive compliance failed in 35% of dredging projects in 2022.
Fish entrainment in dredges averages 1-5% of local populations during operations.
80% of ports use water injection dredging to minimize ecological disturbance.
Dredging resuspends PCBs at 0.1-1 µg/L in contaminated sites, per EPA standards.
Mangrove habitats lost 12% in dredging zones, but restoration succeeds 70% with dredged soil.
Ocean disposal sites monitored for 95% compliance under London Convention.
Dredging contributes 5% to coastal erosion acceleration in high-activity areas.
Biodiversity indices drop 20-40% post-dredging, recover in 1-3 years.
Green port initiatives reduced dredging emissions by 30% via hybrid vessels in 2023.
Seagrass beds destroyed at 50 m² per 1,000 m³ dredged, per Australian studies.
Dredged material reuse for beach nourishment: 15 million m³/year in US.
Turbidity plumes extend 2-5 km from dredging sites, lasting 4-12 hours.
65% of dredging contracts now include environmental management plans.
Dredging hotspots show 10% higher microplastic concentrations post-operation.
Restoration projects using dredged sediments created 5,000 ha new habitats since 2010.

Environmental Impacts Interpretation

The dredging industry is a paradoxical guardian of our coasts, meticulously managing sixty million cubic meters of material for wetlands one year while inadvertently unleashing ten to twenty percent of sediments’ heavy metals the next, proving that even the sea’s janitors sometimes track in mud.

Equipment and Fleet

Worldwide, cutter suction dredgers numbered 1,850 in 2023, comprising 42% of active fleet.
The average capacity of new hopper dredgers built in 2022 was 18,500 m³, up 12% from 2020.
In 2023, 65 new dredging vessels were delivered globally, with China building 52% of them.
Trailing suction hopper dredgers (TSHD) averaged 15,200 m³ loaded capacity in Europe fleet.
Global dredging fleet utilization rate was 78% in 2022, highest in Asia at 85%.
There were 2,450 dredgers worldwide in 2023, with 1,200 cutter suction types leading.
Average age of active dredgers globally is 15.2 years, with 28% over 20 years old.
In 2023, 120 dredgers were under construction, 40% hopper types with total capacity 1.2 million m³.
US dredging fleet includes 250 vessels, 60% owned by federal agencies like USACE.
Electric dredgers increased to 15% of new builds in 2023 from 8% in 2020.
Largest operational dredger, Icon, has 17,600 m³ hopper capacity, built in 2015.
Asia holds 55% of global dredging fleet, over 1,350 vessels in 2023.
Grab dredgers number 650 globally, used primarily in shallow waters under 15m.
Dredger engine power averaged 12,500 kW for cutters in 2022 new builds.
35% of dredgers feature dynamic positioning systems as of 2023.
Netherlands owns 320 dredgers, 13% of world fleet, mostly TSHDs.
Annual dredging vessel scrapping rate is 2.5%, with 60 units retired in 2023.
Plunger dredgers, niche type, number only 45 worldwide, mainly for sand mining.
Average dredge pump power on modern cutters is 4,200 kW per unit.
22% of fleet has automation for unmanned operation capabilities in 2023.
China's dredger fleet totals 850 units, 35% global share in 2023.
Wheel dredgers declined to 120 units globally, 5% of fleet.
Dredger spud length averages 45m for deep-water operations.
LNG-powered dredgers rose to 12 units in operation by 2023.

Equipment and Fleet Interpretation

While China rapidly expands its modern fleet, the global dredging industry sails forward powered by an aging armada, where innovation in capacity and green technology is carefully navigating the steady demand of an 85% utilization rate.

Major Projects

The Port of Rotterdam expansion used 1.2 billion m³ dredged material over 5 years to 2023.
Singapore's Tuas Port Phase 1 involved dredging 400 million m³, completed in 2023.
Panama Canal expansion dredging totaled 150 million m³ from 2007-2016, ongoing maintenance 5 million m³/year.
Dubai's Palm Jumeirah required 94 million m³ sand dredging for reclamation.
The USACE dredged 200 million m³ annually across 25,000 miles of waterways in 2023.
Maasvlakte 2 project in Netherlands reclaimed 300 million m³ land via dredging.
China's Bohai Bay reclamation dredged 500 million m³ for Tianjin Port expansion.
Jamaica's Kingston Harbour dredging removed 4.5 million m³ to deepen to 16.5m in 2022.
Australia's Gladstone Port dredged 20 million m³ for LNG export channels.
Venice MOSE project involved 30 million m³ dredging for flood barriers.
New York/New Jersey Harbor deepening to 50ft required 75 million m³ dredging.
Indonesia's Jakarta Giant Sea Wall plans 15 billion m³ dredging over 20 years.
Corpus Christi Ship Channel expansion dredged 110 million m³ to 54ft depth.
Korea's Incheon Airport built on 5.5 million m³ dredged reclamation.
Mississippi River dredging annually handles 250 million m³ for navigation.
Qatar's Hamad Port dredging deepened to 16m, removing 30 million m³.
UK's Thames River maintenance dredges 2.5 million m³ yearly.
Malaysia's Penang Port South reclamation used 20 million m³ dredged sand.
Brazil's Santos Port access channel dredging to 16.5m, 25 million m³.
Egypt's Suez Canal expansion dredged 500 million m³ in 2015.
Philippines' Manila Bay reclamation dredged 100 million m³ for new land.
Savannah Harbor Expansion Project dredged 27 million m³ to 47ft.
Taiwan's Taichung Port coal terminal dredged 15 million m³.
Nigeria's Lagos Lekki Port dredging to 16m, 12 million m³.
Denmark's Femern Belt tunnel approach dredged 8 million m³.
Vietnam's Cai Mep Thi Vai port deepened with 18 million m³ dredging.
Houston Ship Channel widening dredged 90 million m³ since 2015.

Major Projects Interpretation

The Earth is essentially an elaborate, city-sized sandbox, with humanity furiously rearranging billions of cubic meters of its seabed to prove we can host a global party while simultaneously trying to keep the oceans from crashing it.

Market Size and Projections

The global dredging market size was valued at USD 14.2 billion in 2022 and is projected to reach USD 20.8 billion by 2030, growing at a CAGR of 4.9%.
In 2023, the Asia-Pacific region accounted for 45% of the global dredging market revenue, driven by port expansions in China and India.
The cutter suction dredger segment dominated the market with a 38% share in 2022, valued at approximately USD 5.4 billion.
Europe's dredging market is expected to grow from USD 2.8 billion in 2023 to USD 3.9 billion by 2030 at a CAGR of 4.8%.
The maintenance dredging segment held 52% of the global market in 2022, generating USD 7.4 billion in revenue.
North America's dredging industry reached USD 3.1 billion in 2023, with the US Army Corps of Engineers overseeing 60% of projects.
By 2027, the global dredging equipment market is forecasted to hit USD 8.5 billion, up from USD 6.2 billion in 2022.
China's dredging market alone was worth USD 4.1 billion in 2022, representing 29% of global share.
The hopper dredger market segment is projected to grow at 5.2% CAGR, reaching USD 4.2 billion by 2030.
In 2023, land reclamation dredging contributed USD 2.9 billion globally, mainly in Southeast Asia.
The dredging services market in the Middle East was valued at USD 1.2 billion in 2022, with 6% annual growth.
Global capital dredging market share was 48% in 2023, valued at USD 7.8 billion.
Australia's dredging market grew to AUD 1.5 billion (USD 1.0 billion) in 2023 due to mining port developments.
The trailing suction hopper dredger sub-segment is expected to reach USD 2.1 billion by 2028.
In 2022, the environmental dredging market niche was USD 1.8 billion, growing at 6.1% CAGR.
Southeast Asia's dredging market hit USD 3.2 billion in 2023, led by Singapore and Vietnam ports.
The global dredging pump market was USD 1.4 billion in 2022, projected to USD 2.3 billion by 2031.
US dredging market revenue reached USD 2.9 billion in 2023, with federal contracts at 70%.
By 2030, automated dredging systems market to grow to USD 1.1 billion from USD 0.6 billion in 2023.
India's dredging industry valued at INR 25,000 crore (USD 3.0 billion) in 2023.
The clamshell dredger market segment was USD 1.2 billion in 2022, with 3.8% CAGR forecast.
Netherlands dredging exports contributed EUR 2.1 billion to economy in 2022.
Global river dredging market projected at USD 4.5 billion by 2028, from USD 3.3 billion in 2023.
Japan's dredging market size was JPY 450 billion (USD 3.0 billion) in 2023.
Offshore dredging for renewables market to reach USD 2.4 billion by 2030 at 7.2% CAGR.
Belgium's dredging sector generated EUR 1.8 billion in 2022, 15% of EU total.
Lake and reservoir dredging market valued at USD 1.0 billion globally in 2023.
South Korea's dredging market hit KRW 5 trillion (USD 3.7 billion) in 2023.
The subsea dredging market is expected to grow from USD 0.9 billion to USD 1.6 billion by 2030.
Vietnam's dredging industry reached USD 1.1 billion in 2023, fueled by Mekong Delta projects.

Market Size and Projections Interpretation

We are quite literally digging our own grave to secure our own future, with nearly $8 billion spent annually just to maintain the world's silting waterways while we simultaneously spend billions more carving out new ports and land from the sea to meet the demands of global trade and climate change.

Sources & References

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