Global Dredging Hose Market 2022-2028

Global Dredging Hose Market 2022-2028

The global dredging hose market is estimated to grow at a CAGR of nearly 3.3% during the forecast period. The demand for dredging hose is growing significantly owing to increasing seaborne trade. For instance, according to United Nations Conference on Trade and Development (UNCTAD), in 2018, developing economies accounted for the largest share of global seaborne trade, both in terms of exports (goods loaded) and imports (goods unloaded). They loaded 59% and unloaded 64% of the world total. With a volume of 4.2 billion tons loaded and 5.9 billion tons unloaded. The natural sediment found on the bottom of the seas and waterways creates a big challenge and can hinder the proper navigation. Hence, dredging activities are frequently increasing to improve navigation and increase bottom clearance to facilitates seaborne trade.

In addition, growing environmental concerns and high energy demand is also diving rise to dredging activities, hence creating demand for dredging hose. Significant growth in the hydraulic dredging activities which include dredging through suction dredgers and cutter dredgers is boosting the market. The natural sediment found on the bottom of the seas and waterways creates a big challenge and can hinder the proper navigation of the ships. Hence, the dredging activities are frequently increasing to improve the navigation and increase bottom clearance to facilitate seaborne trade.

Some prominent players in the market include Contitech AG, Max Groups Marine Corp., Parker Hannifin Corp., Salem-Republic Rubber Co., and The Weir Group plc. The market players are focusing on gaining significant market share by adopting strategies, including mergers & acquisitions, product launches, partnerships and collaborations. For instance, in January 2019, Trelleborg AB formed a joint venture in Malaysia to manufacture and sell industrial hoses in composite materials. After the collaboration, the company can expand its production capacity, reach new markets more quickly, and strengthen its total product offering.

Market Segmentation:

Global Dredging Hose Market Research and Analysis, By Type

The Report covers:

Comprehensive research methodology of the global 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 global dredging hose market.

Insights about market determinants which are stimulating the global dredging hose market.

Detailed and extensive market segments with regional distribution of forecast revenues.

Extensive profiles and recent developments of market players.