Dredging Equipment Market Share

Market Share for Dredging Equipment

The global dredging equipment market is highly consolidated in nature because major players are dominating the market with their strong international presence. These players generally originate from countries with a strong presence in seaborne trading, such as the Netherlands, the U.S., China, Belgium, and the U.A.E. These countries have a large share of global trade. Additionally, they set high barriers for new players by requiring large investments, advanced technology, and strong brand recognition.