Chinese dredging hose market is expected to grow at a CAGR of nearly 3.9%

The Chinese dredging hose market is expected to grow at a CAGR of nearly 3.9% during the forecast period. The significant increase in investments in port infrastructure contributes to the increase in the number of dredging contracts in the country. In 2013, China's Belt and Roads Initiative (BRI) was introduced, which is a major port infrastructure project in the country. As part of the initiative, China is spending nearly $ 1 trillion to connect Pacific shopping malls and ports to northern Europe.

With the growth of exports to other countries, China is significantly focusing on improving port infrastructure, resulting in increasing dredging activity and thus encouraging market growth in the country. As one of leading manufacturer for dredging hose and marine oil hose, VH MarineTech Co., Ltd insist on providing good quality and best solution for offshore projects. VH Marinetech have cooperated with IHC in Netherlands, Van Oord, Weeks Marine and WEIR.

Segmentation of the Dredging hose by type:

Floating Dredge Hose

Non-Floating Dredging Pipe