The International Association of Dredging Companies (IADC) recently published its annual review of the global dredging market – the 2020 edition of Dredging in Figures report.
The annually prepared report serves as a resource to entities interested in the financial development of the dredging industry.
Publicly available now, the annual report focuses on the state of the dredging industry in 2020. The latest edition includes the essential role of dredging in regards to the industry’s key drivers as well as the annual turnover of the world’s open markets.
According to the latest Dredging in Figures, the dredging industry’s annual turnover in 2020 – excluding closed markets – was estimated at € 4.86 billion.
REPORT EXPLORES KEY DRIVERS
Produced and released each year by IADC, the report Dredging in Figures aims to provide insight into the dredging industry’s contribution to the global economy as well as key sectors.
“Data and figures are sourced from established, international organisations as well as IADC’s member companies,” said René Kolman , Secretary General of IADC. “Annually updated information regarding the ‘drivers of dredging’ is presented to offer relevant facts regarding the industry’s most prevalent aspects”.
Key to charting the dredging industry’s progress, these drivers are: world trade, demographics and urban development, coastal protection, energy, and tourism.