USD 521.39 Million
Floating Docks Market Size, Share, Growth Analysis, By Type(Stationary and Floating Docks), By Application(Residential, Commercial, and Industrial Sectors), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15P2011 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
61
|Figures:
75
Floating Docks Market Insights
Global Floating Docks Market size was valued at USD 521.39 Million in 2022 and is poised to grow from USD 556.84 Million in 2023 to USD 942.54 Million by 2031, at a CAGR of 6.8% during the forecast period (2024-2031).
The global market for floating docks has stayed on the path of consistent expansion. Its stable position can be attributed to a number of reasons. Many regions have seen an increased usage of floating docks. This is due to the increase in trade over waters, along with a rise in water-based leisure activities and constant development of waterfront properties.
Market manufacturers are targeting the production of modular docks that are environmentally friendly and have a lesser ecological effect. This is due to the rising global awareness of environmental concerns. Market producers have also utilized the ongoing advancements in technology. The incorporation of IoT sensors for monitoring and predictive maintenance has improved the safety and efficiency of this market’s products.
Concrete floating docks have remained to be the popular choice among market clients. However, metal floating docks are gaining ground due to their versatility and ease in installation and maintenance. The commercial sector has been the largest market contributor. Although, as of recent times, the residential sector has also raised the expansion of the market.
The top regions of the market still remain to be Europe and North America. However, the growing and flourishing maritime industry of the APAC regions has pushed its rapid regional growth. The producers in the market are looking for innovative ways to increase durability and resistance to corrosion. This has led to their use of composite and plastic structures in their production process.
Despite its steady period of growth, there are certain challenges that threaten the market growth. These include environmental concerns and subsequent regulations and high initial expenses. Still, floating docks are looking at a continued period of growth in the coming times. This is due to the expansion of coastal infrastructure development and water-related industries.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Commercial
Fastest Growth
Residential
Growth Rate
6.8% CAGR
Global Floating Docks Market ($ Bn)
Country Share for North America Region (%)
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Floating Docks Market Segmental Analysis
If dividing the market based on application, the categories we end up with are commercial, residential, and industrial. These segments can use the product for several purposes. They include fishing, boat mooring, and waterfront recreation. The market can be segmented into regions like Europe, North America, Asia-Pacific, and others. When segregating the market based on type, we end up with concrete and metal floating docks.
Analysis By Type
The leading segment in type is concrete floating docks. Their popularity is a result of its long-life and durable nature. Their ability to remain resilient in heavy maritime traffic and rough weather conditions are what have driven the preference. Commercial ports and marinas usually use the products from this segment. Additionally, their extensive usage in heavy-duty applications have also cemented their place at the top of the market.
One of the quickly growing segments in the market are metal floating docks. They are commonly made of aluminum or steel. They are very versatile and can be conveniently installed. These features have made them a favored choice among recreational applications like small marinas or residential docks. The market consumers want a personable dock option which can also offer easy maintenance. This demand has driven the segment’s growth, especially among smaller and private waterfront properties.
Analysis By Application
The commercial sector is the dominant application segment in the market. Commercial floating docks are widely used around the world. Some places where you might see them are marinas, waterfront establishments, and ports. Other applications of commercial docks include cargo loading and unloading and varying leisure activities. The growing rate of tourism and maritime trade have also contributed to their position in the market.
Although recently, the residential sector has steadily and speedily climbed in the market. Waterfront property owners particularly have driven market demand. This is because they need them to create personal swim platforms and private boat or yacht docks. They also need floating docks for leisure spaces during their recreational activities on the water. The subsequent increase in waterfront living among residential areas and their growing activities on the water are responsible for the explosive growth of this segment.
Global Floating Docks Market By Type
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Floating Docks Market Regional Insights
The market’s largest region is North America. The continent’s established maritime industry has largely contributed to regional market growth. Also North America has seen a surge in maintenance and repair of pre-constructed docks. The possible remodeling of these systems fuels market growth in this area. North America is also looking to increase or upgrade its commercial ports and naval infrastructure. This is also a good sign for continued market expansion.
Though North America dominates the market, Asia-Pacific is quickly climbing the market ladder. The APAC region’s economic growth has influenced the market growth in this area. Increasing international trade activities and growing maritime transport networks have also fueled the explosive growth of this region. China and India are looking to build their ports and upscale naval capabilities, driving the need for floating docks and contributing to market growth.
Global Floating Docks Market By Region
- Largest
- Fastest
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Floating Docks Market Dynamics
Drivers
- Marina Development and Recreation: The market for floating docks has been greatly influenced by a key market driver. Coastal and waterfront areas are leading the boost in the desire for recreational boating activities. There has also been a surge in the development of the marina in these areas. Boats and Yachts in these areas need a secure mooring place and unloading access. This need is fulfilled by floating docks. People are opening up to the expense of leisure activities on the water due to their higher incomes. This has boosted the need for recreational floating docks and marinas.
- Increasing Waterway Transportation: Regions with waterways used for transportation have fueled the need for floating docks. If these products are to be used for transport, they need to be efficient and affordable. Passenger transport and cargo loading and unloading are the basic tasks helped by floating docks. The need for eco-friendly transportation is being targeted by businesses and governments, fueling market growth.
Restraints
- High Initial Costs: The floating docks market is heavily burdened by high costs. The production and installation of these docks can be costly. Added costs are borne when it comes to the use of specialized technology and materials or in cases of large-scale projects. This financial weight can inhibit market growth. The initial expenses can pull away potential customers. These include governments, shipping companies, and private marina operators. Though these costs can be daunting, there’s one note to be made. The long-term advantages of floating docks outweigh these high costs. These benefits include low operational and upkeep costs.
- Environmental Regulations and Concerns: The aquatic ecosystem can be negatively impacted by the floating docks market. The construction and operations of these docks can be thus restricted by concerns and regulations surrounding the environment. Moreover, even the public might protest the large-scale production and installation of these docks due to the same reasons. The added complications and expenses to comply with these standards can limit market growth.
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Floating Docks Market Competitive Landscape
There is severe competition that drives the global floating docks market. The competitive environment holds a blend of participants, each trying to gain the largest share of the market. Some renowned leaders include Meeco Sullivan, Wahoo Docks, EZ Dock, Inc., Dock Marine Systems, Candock, Bellingham Marine, and Inland and Coastal Marina Systems, Inc., among others.
This environment drives product innovation, improving quality and opening up paths to personalization. This in turn serves the diverse needs of several applications. These include residential docks, marinas, and commercial waterfront facilities. Market players employ multiple strategies to expand their reach and product range. One of these is the formation of alliances and mergers with other market participants.
The desire for water-based recreational activities has grown, fueling the growth and competition in the market. Consumers are seeking sustainable and durable dock solutions, which will advance the dynamic and competitive landscape of the industry.
Top Player’s Company Profiles
- Wärtsilä Corporation - Finland
- TTS Group ASA - Norway
- Meuse & Sambre - France
- Cimolai Technology - Italy
- IMC Grupo - México
- HISEA DOCK - China
- Damen Shipyards Group - Netherlands
- Cimolai Rimond - Italy
- Eide Marine Services - Norway
- Bellingham Marine - United States
- Jetfloat International - Canada
- Vestfold Slip & Maskin AS - Norway
- Metalu Industries International - France
- IMC Dredging and Marine - United States
- Marine Slipway - United Kingdom
- Seaflex - Sweden
- Poralu Marine - France
- Gator Dock - United States
- Intermarine - Brazil
- MARTINI ALFREDO SPA - Italy
Recent Developments
- Floating Dock Systems is a manufacturer of freshwater dock flotation systems for commercial and residential use. This UK-based company bought Marinetek in February 2023. Marinetek is one of the world's leading manufacturers of marinas and floating solutions. This purchase will cement Floating Dock Systems’ position in the market in AEurope. It can achieve that through broadening its product range.
- Wahoo Docks is the leading aluminum docks manufacturer that supplies aluminum boat docks, floating docks, dock accessories, dock furniture. This company was bought by Meeco Sullivan in January 2023. Meeco Sullivan is a US-based floating docks producer. Their acquisition of the former company will expand its product range and market share in North America.
- Dock Edge is a manufacturer of dock equipment and marine accessories. The US-based company purchased WaterBlox in March 2023. WaterBlox is a leading modular floating dock producer. This buyout can help Dock Edge provide a wider range of solutions to its customers by expanding its offerings.
Floating Docks Key Market Trends
- Innovations in Materials and Design: There is a notable trend of market innovation in the design and materials used in the floating docks market. Market producers are targeting improvement in stability, versatility, and durability of their offerings. To achieve this change in better design and performance they are utilizing several new materials. These include advanced composites and high-density polyethylene (HDPE), among other raw materials. Customers need flexible docks. In response to this, manufacturers have created modular dock systems which are personable. Market manufacturers wanted to improve the longevity and overall performance of their products. They invested in innovation of floating mechanisms, along with advanced mooring and anchoring systems, to achieve that.
- Growing Demand for Eco-Friendly Solutions: The globe was moving towards more sustainable products and services. This trend also affected the floating docks market. Consumers looked for docking solutions which were environmentally friendly and green. The environmental regulations controlling waterfront construction drove the awareness of their negative impact. Thus this change occurred and was spread throughout the market. Now, producers use recycled materials that were being used to produce these docks. Additionally, variants of these products that reduce environmental effects also entered the market. Docks with space for water purification systems or aquatic ecosystems were gaining popularity. All of this helped the health of water bodies.
- Integration of Smart Technologies: There’s another trend that has influenced the floating dock market. That is the incorporation of smart technologies into these systems. IoT sensors and real-time monitoring systems were built into these docks. This would enable customers to view real time feed and data on the condition of their docks. The data acquired spanned current and total load and stability, plus its ability to withstand cruel weather conditions. Consumers could access better safety management and predictive maintenance due to these technologies. Also they could utilize their floating docks in other applications like ports, marinas, and recreational facilities.
Floating Docks Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global floating docks market is poised for promising growth in the coming years. Increasing demand for waterfront infrastructure, marina expansion, and rising maritime trade activities are expected to drive market growth. Environmental concerns and the need for sustainable waterfront development may boost interest in eco-friendly floating dock solutions. Additionally, technological advancements such as IoT integration for monitoring and maintenance, alongside innovative materials, may further enhance the market's prospects. However, market growth could be influenced by regulatory changes and economic fluctuations. Overall, the global floating docks market is likely to see steady expansion as waterfront development continues to gain importance worldwide.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 521.39 Million |
| Market size value in 2031 | USD 942.54 Million |
| Growth Rate | 6.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Floating Docks Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Floating Docks Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Floating Docks Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Floating Docks Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Floating Docks Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Floating Docks Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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