Digging deep: Declining mining activity has submerged demand for industry services

The Dredging Services industry's performance peaked in 2013-14, due to strong mining activity and high export growth driving demand for dredging services. Due to these trends, port expansions were undertaken to accommodate larger shipping fleets. However, revenue has since declined over the rest of the five-year period due to significant falls in capital expenditure across the mining sector. The industry's expansion was largely due to strong demand from the Western Basin LNG project in Gladstone, QLD, and the Ichthys LNG Project in Darwin, which both required extensive dredging services. Several other major ports in Queensland and Western Australia were also expanded to cater for increased ship sizes, and greater natural gas and mineral ore volumes...read more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25

Industry Threats & Opportunities

  • The completion of several major dredging projects has caused industry revenue to decline
  • High capital requirements represent a significant barrier of entry to new firms
  • Industry demand is forecast to increase due to port expansions and maintenance projects
  • Industry Report - Industry SWOT Analysis Chapter

    The Dredging Services industry is in the decline phase of its life cycle. Major revenue falls over the past five years and a lack of major new dredging projects since 2014-15 indicate this decline. Furthermore, industry value added, a measure of the industry's contribution to the wider economy, is expected to decrease at an annualised 17.3% over the 10 years through 2024-25. This trend represents an underperformance relative to the economy, with GDP forecast to grow at an annualised 2.6% over the same period. The industry will therefore make up a smaller proportion of the national economy in 2024-25 than it did in 2014-15. However, industry revenue is projected to grow over the next five years. Thi...purchase to read more.

    Additional Insights for the Dredging Services Industry

    IBISWorld has determined the most important Key Success Factors for the Dredging Services are:

  • Ability to accommodate environmental requirements
  • Ability to compete on tender
  • Ability to expand and curtail operations rapidly in line with market demand
  • IBISWorld analysts also discuss how external factors such as Actual capital expenditure on mining and Demand from water transport support services in the Dredging Services industry impact industry performance..

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    What's in this report

    What is the Dredging Services Industry?

    Industry companies 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.

    Industry Products
  • Capital dredging services
  • Maintenance dredging services
  • Energy dredging services
  • Other dredging services
  • Industry Activities
  • Capital dredging services
  • Maintenance dredging services
  • River and coastal dredging services
  • Other dredging services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Actual capital expenditure on mining
  • Demand from water transport support services
  • Capital expenditure by state and local government
  • Public concern over environmental issues
  • Total mass of exports by sea
  • World price of natural gas

  • Current Performance
  • Revenue and profit
  • Dredging demand
  • Industry concentration
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • A return to growth
  • Enterprises and employment
  • Industry opportunities
  • Table: Dredging Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Dredging Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining
  • Oil and Gas Extraction
  • Port and Water Transport Terminal Operations

  • Key Selling Industries
  • Mining and Industrial Machinery Wholesaling
  • Pump and Compressor Manufacturing
  • Shipbuilding and Repair Services

  • Products & Services
  • Maintenance dredging services
  • Capital dredging services
  • Other dredging services
  • Energy dredging services
  • Chart: Dredging Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Local authorities
  • Port operators
  • Energy companies
  • Mining division
  • Other industries and sectors
  • Chart: Major Market Segmentation for the Dredging Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Dredging Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Dredging Services Industry

  • Industry Globalization
    Jan De Nul (Australia) Pty Ltd, Boskalis Australia Pty Limited, Dredging International (Australia) Pty Limited, Van Oord Australia Pty Ltd,
  • Table: Jan De Nul (Australia) Pty Ltd - financial performance
  • Table: Boskalis Australia Pty Limited - financial performance
  • Table: Dredging International (Australia) Pty Limited - financial performance
  • Table: Van Oord Australia Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Dredging Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Dredging Services Industry
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Capital Dredging
  • Dredging undertaken to deepen shallow waters and enable ships to access wharves and other infrastructure.
  • Maintenance Dredging
  • The periodic removal of sediments that naturally build up from waves or rivers into port channels.
  • Mine Tailings
  • Waste products remaining after mined ore is separated from other materials. Tailings that have been disposed of in dams may require dredging and further disposal.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Dredging Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Dredging Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Dredging Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Dredging Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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