Italy is among one of the promising countries in the global dredging market. The primary factor contributing to the growth of the market in the country includes the growing expansion of ports. For instance, in April 2019, the Government of Italy signed a memorandum of understanding (MoU) with China, to jointly invest and develop harbors and ports of Italy. This infrastructure investment by China is part of China’s Belt and Road initiative (BRI). It is a multi-billion-dollar plan that involves infrastructure development in Europe and across the globe. The MoU majorly focuses on the development of the Italian ports of Trieste and Genoa. This initiative offers a huge opportunity for the domestic as well as global dredging market players to expand their services in the country.

In addition, the established oil and gas industry in Italy owing to the growing demand for natural gas in its power sector is also contributing to the growing dredging market. The country had significant natural gas production with 4.5 Mtoe in 2018. Further, the increase in the gas field development plan is also expected to drive the market for dredging in the country. For instance, the development plan of Teodorico gas field led by an oil and gas company based in Australia named Po Valley Energy. Such plans are expected to offer growth to the dredging market in Italy during the forecast period.

Some prominent players in the market include Dragflow s.r.l., DEME N.V., Italdraghe S.p.A., and Royal Boskalis Westminster N.V. In May 2020, Dragflow declared that it will deliver a new remote-controlled dredger to a French company which is involved in sand and gravel production. The new dredger will be primarily used to restore the capacity of a sedimentation pond. The overall field of the pond requires to be dredged and the material pumped at a distance of 1,000 metres. The new dredger is outfitted with state-of-the-art electronic controls which are intended to monitor inclination, weight, and other parameters of the equipment for protection of operator from most incidents of misuse.

Research Methodology

The market study of the Italy 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:

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

The Report covers:

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