Posted on October 10, 2017
Global dredging market rose by a CAGR of 6.1% in 2000-2016, IAA PortNews journalist cites Richard Brakenhoff, Industry analyst at Rabobank, as saying at the Dredging Today Conference (DTC) which started today, 9 October 2017, at Amsterdam RAI Convention Center.
Among the structural growth drivers of the global dredging market the speaker mentioned population growth, particularly in coastal areas; global warming, leading to a rising sea level; growth of seaborne trade; rise of the global consumption of energy and metals; growth of global tourism. He also added that offshore wind continues to stimulate dredging market.
According to Richard Brakenhoff, growth of the dredging market resumes as of 2018.
Source: PortNews
