China Has the World's Largest Dredging Market
In recent years, thanks to the development of international trade, population growth and urbanization, climate change, energy utilization and other favorable factors, as well as the development of dredging equipment and dredging technology, and the continuous expansion of the application field of the dredging industry, the global dredging engineering industry has maintained a good development momentum.
However, the development trend of dredging business varies from region to region.
According to the statistics of IADC, from 2000 to 2009, the overall revenue of dredging industry in China increased by more than five times.
In Europe, where the dredging industry is more developed, the revenue of the industry as a whole also increased by more than 100%, from 800 million euros in 2000 to 1.9 billion euros; Dredging revenue growth in the Middle East is also evident.
Since 2010, the dredging industry in China, Europe and the Middle East has maintained rapid development and become the most important dredging market in the world, and China has become the largest dredging market in the world.
At present, Europe, the Middle East and China together account for nearly 60% of the dredging industry's global revenue by geography.
The growth of China as the world's largest dredging market is related to its own closed market.
According to whether the dredging business is open to foreign enterprises, the dredging market of various countries can be divided into closed market and open market.
The closed market is the part that a country is not open to foreign dredging enterprises, and the open market is the part that a country accepts foreign dredging enterprises.
The United States and China are the largest closed markets in the world.
