India dredging market is expected to grow at a CAGR of nearly 4.4% during the forecast period. The Indian dredging industry is significantly driven by the increasing demand for dredging from its major and non-major ports. Owing to the recent developments to encourage local manufacturing coupled with the Make in India initiative and the government’s focus for the development of the Indian maritime sector, the dredging sector is gaining significance across the country. India has 12 major ports and nearly 200 non-major ports administered by Central and State Governments, respectively. Indian ports are focusing on handling more cargo with the accommodation of larger vessels and fulfilling global standards in port infrastructure to achieve economies of scale.

Therefore, Indian ports are working towards the development of the basic infrastructure such as mechanization and the creation of more berths and deepening of channels, which will offer strong demand for the dredging operations. Moreover, the development of greenfield ports would also propel the demand for dredging in India. As per the Ministry of Shipping (MoS), in the next few years, most of the key ports would increase their capacity to accommodate bigger ships. Apart from these, the increasing need for new developments from Navy, offshore exploration, and national waterways, the scope of the Indian dredging industry seems vast.

Some prominent players operating in the market include Dredging Corp. of India Ltd. (DCIL), Adani Group, Royal Boskalis Westminster NV, and BEML Ltd. Adani Ports and Special Economic Zone Ltd (APSEZL) offers dredging and reclamation solutions especially for the construction of port and harbors. In 2005, Adani Group commenced investment in the development of a dredging fleet to achieve a potential share in the port sector. The company currently operates a large fleet of 23 dredgers. It is the major capital dredging capacity in the country. In January 2018, Adani Ports and Special Economic Zone Limited (“APSEZ”), declared the addition of two new 8000m3 Trailing Suction Hopper Dredgers (TSHDs). The new dredgers are one of the largest in the Indian Fleet of TSHDs. It can be a major asset to India for Nation building and assisting the Government’s Port led initiatives.

Research Methodology

The market study of the India 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:

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

The Report covers:

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