Italy is among one of the promising countries in the global dredging market. The primary factor contributing to the growth of the market in the country includes the growing expansion of ports. For instance, in April 2019, the Government of Italy signed a memorandum of understanding (MoU) with China, to jointly invest and develop harbors and ports of Italy. This infrastructure investment by China is part of China’s Belt and Road initiative (BRI). It is a multi-billion-dollar plan that involves infrastructure development in Europe and across the globe. The MoU majorly focuses on the development of the Italian ports of Trieste and Genoa. This initiative offers a huge opportunity for the domestic as well as global dredging market players to expand their services in the country.
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In addition, the established oil and gas industry in Italy owing to the growing demand for natural gas in its power sector is also contributing to the growing dredging market. The country had significant natural gas production with 4.5 Mtoe in 2018. Further, the increase in the gas field development plan is also expected to drive the market for dredging in the country. For instance, the development plan of Teodorico gas field led by an oil and gas company based in Australia named Po Valley Energy. Such plans are expected to offer growth to the dredging market in Italy during the forecast period.
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Some prominent players in the market include Dragflow s.r.l., DEME N.V., Italdraghe S.p.A., and Royal Boskalis Westminster N.V. In May 2020, Dragflow declared that it will deliver a new remote-controlled dredger to a French company which is involved in sand and gravel production. The new dredger will be primarily used to restore the capacity of a sedimentation pond. The overall field of the pond requires to be dredged and the material pumped at a distance of 1,000 metres. The new dredger is outfitted with state-of-the-art electronic controls which are intended to monitor inclination, weight, and other parameters of the equipment for protection of operator from most incidents of misuse.
Market Segmentation

By Type

• Mechanical Dredger
• Bucket Dredger
• Grab Dredger
• Backhoe Dredger
• Hydraulic Dredger
• Suction
• Cutter Suction Dredger
• Trailing Suction Hopper Dredger
• Barge Unloading Dredger

By End-User

• Government
• Oil and Gas Companies
• Mining Companies
• Others (Renewable Energy)
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