This is used for various applications such as trade activity, trade maintenance, energy infrastructure, urban development, coastal protection, and leisure, by different end users such as oil and gas companies, mining companies, renewables, and others.Īsia-Pacific was the largest region in the dredging market in 2022. The main types of dredging include dipper, water injection, pneumatic, bed leveler, and others. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The dredging market is expected to grow to $14.39 billion in 2027 at a CAGR of 3.4%. The global dredging market is expected to grow from $12.11 billion in 2022 to $12.58 billion in 2023 at a compound annual growth rate (CAGR) of 3.9 %. DUBLIN-( BUSINESS WIRE)-The "Dredging Global Market Report 2023" report has been added to 's offering.
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