The Dredging Services industry is characterised by high capital requirements and a high concentration level. Dredging companies require an extensive range of dredgers, dredging equipment and pumps. This equipment requires significant investment and limits the number of companies able to enter the industry and compete with the major players. Further, many of the industry's major players are local subsidiaries of large global dredging, infrastructure and marine engineering companies. The vast resources and experience of these global firms reduces opportunities for Australian dredging firms.
Companies in the industry provide sea, ocean and river dredging services, which include deepening and widening existing port operations and moving deepwater sediment to keep waterways open for commerce.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.