Floating Docks Market by Type (Concrete Floating Docks, Metal Floating Docks, Wood Floating Docks, Plastic Floating Docks),Application (Residential, Others),Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019to 2026.
The global floating docks market is expected to grow from USD 390.6 Million in 2018 to USD 567.8 Million by 2026 at a CAGR of 4.8% during the forecast period from 2019-2026.Increasing marine and offshore activities for recreation, adventure, commercial, and development purposes has increased in the number of private ships, yachts, and boats, leading to growth of the market.
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The commercial segment is dominating the market with the highest share of 42.30% in 2018
The application segment is segmented into residential, commercial and industrial. The commercial segment is dominating the market in 2018. Commercially docks are important in waterfront businesses, as it provides long-term property value for the owners and offers convenience for customers. Floating docks are a budget-friendly and highly economical alternative for the dock owners who seek convenience. They provide convenience, especially in areas where the water level fluctuates. Modular composite docks have made installation and customization easy thus boosting the growth of the market.
Metal floating docks segment dominated the market and valued around USD 199.98Million in 2018
The type segment is segmented into concrete floating docks, metal floating docks, wood floating docks and plastic floating docks. The metal floating dockssegment is dominating the market with the highest share in 2018.High durability and corrosion resistant properties of metal floating docks keep them dominant over the other types of floating docks and drive-on boat lifts market. In metal floating docks, the aluminum docks are most popular in use, owing to its lightweight and high resistance features. Unlike other metals such as steel, it is heavy and much more susceptible to corrosion.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. The North America is dominating the market due to the rising waterfront businesses. Highly developed shipping industry and growing use of floating docks in marine securities is propelling the growth of market. The metal floating dock segment is expected to dominate the U.S. market over the forecast period
The major players of market include AccuDock, Basta Boatlifts, Bellingham Marine, Candock, Carolina Waterworks, Inc. (Safe Haven), Cubisystem, Dock Blocks, EZ Dock, Flotation Systems Inc., HydroHoist Marine Group, Ingemar, JetDock Systems, Inc., Jetfloat, MariCorp, Marine IP Ltd. (VersaDock), Marinetek, Martini Alfredo, Meeco Sullivan, PMS Dockmarine, Pontech, SF Marina Systems, Shenzhen Blue Ocean Engineering Co., Ltd., Sunstream Boat Lifts, Technomarine, Wahoo Docks, and Walcon Marine Ltd., among others.
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