Docks Industry Overview

The global docks market was valued at approximately USD 1.79 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2030. This growth is primarily fueled by increasing demand for waterfront structures, as many governing bodies worldwide are redeveloping waterfront areas to enhance their value for both business and community purposes. These redevelopment projects often aim to create multi-functional waterfront spaces that support commerce, tourism, and community engagement, thus driving demand for dock infrastructure.

The materials commonly used for constructing floating docks include wood, metal, plastic, composites, and concrete. Wood has been the traditional choice due to its availability and relative ease of use; however, it has several drawbacks. Wooden docks are prone to warping, rotting, splintering, and insect damage, and they require regular maintenance, which can be both costly and time-intensive. As a result, plastic and composite materials are gaining traction as preferred alternatives. These newer materials are more durable, lightweight, and versatile, making them better suited to withstand the challenges of dock construction. Unlike wood, plastic and composites are resistant to rust, dents, and warping, and they can endure extreme weather conditions with minimal upkeep.

Additionally, as coastal regions increasingly attract vacationers, there has been a significant expansion in infrastructure to support this growing influx of visitors. The development of marinas, private docks, and boating facilities has become essential for recreational activities like boating, fishing, and water sports, which require proper docking facilities and boat lifts. With the rise in tourist numbers at these coastal destinations, demand for such facilities has surged to accommodate the increased number of boats and watercraft, which are central to the enjoyment and safety of these activities.

One challenge currently facing the docks market is managing environmental conditions, the operational state of docks, and technical equipment, which are typically handled manually and often independently of one another. In response to this, a Norway-based engineering firm has introduced innovative smart application software that aims to reduce accident risks through an Internet of Things (IoT) platform. This cutting-edge technology incorporates high-tech sensors to monitor floating docks' operating states in real-time from virtually any location. The application provides a comprehensive overview of water levels across different tanks and tracks other key operational parameters for docks, enhancing safety and operational efficiency.

Gather more insights about the market drivers, restrains and growth of the Docks Market

Regional Insights:

North America Docks Market Trends

• North America accounted for 44.2% of the global docks market revenue in 2023 and is projected to maintain its dominance from 2024 to 2030.
• Growth in this region is driven by:

• • High adoption of docks in both residential and commercial applications.
  • Increasing efforts to establish recreational centers post-COVID-19, further boosting the demand for docks in North America.

• S. Docks Market:

• • The U.S. dominated the North American docks market in 2023.
  • Factors contributing to growth include:
    • Rising use of shipping for transporting goods and products across regions.
    • Increased movement of marine vessels, leading to greater demand for ship and boat maintenance.
    • Increased adoption of floating docks, which are instrumental in supporting the market’s growth.

• Canada Docks Market:

• • The Canadian docks market is expected to grow significantly between 2024 and 2030.
  • Growth is driven by:
    • Rising recreational boating activities fueled by increasing disposable incomes and greater focus on lifestyle improvements.
    • A 75% increase in new boater licenses from 2020 to 2021, as reported by Transport Canada.
    • Recreational boating’s estimated market value of USD 5 billion in 2020, as highlighted by NMMA-Canada.

Europe Docks Market Trends

• Europe’s docks market comprises established economies, including Germany, the UK, Italy, and France.
• The European Union’s maritime industry encompasses both shipbuilding and recreational craft sectors, with regulatory oversight by the European Commission.
• Regulatory frameworks and end-use-focused rules promote market growth in Europe.
• Germany Docks Market:

• • Germany achieved significant revenue in 2023 within the European docks market.
  • The maritime industry turnover was reported at USD 52.5 billion in 2022 by the Federal Ministry of Economic Affairs and Climate Action.
  • Key factors influencing growth include:
    • Advanced technological innovations, which enhance competitiveness.
    • Implementation of the Maritime Agenda 2025, which focuses on:
      • Development of sustainable energy solutions and modern ship propulsion systems.
      • Funding programs for SMEs to foster growth.
      • Digitization of navigation processes, improving operational efficiency.
    • These initiatives collectively support the growth of the marine and docks industries in Germany.

Asia Pacific Docks Market Trends

• Asia-Pacific is forecasted to grow at the fastest CAGR of 4.4% in the docks market.
• The region comprises diverse economies, including India, China, Japan, and South Korea.
• Factors driving growth include:

• • Increased demand for outdoor recreational activities.
  • Rising interest in waterfront development projects.

• China Docks Market:

• • China holds the largest market share in the Asia-Pacific docks industry, with substantial growth expected.
  • Major growth drivers:
    • China’s position as one of the world’s largest shipbuilders.
    • Monopoly in shipping container production due to low manufacturing costs and governmental support.
    • Increased shipping activities and vessel movements, encouraging the adoption of floating docks.

Middle East & Africa Docks Market Trends

• The docks market in the Middle East and Africa is expected to grow at the fastest CAGR of 4.9%.
• Growth is supported by:
  • Substantial investments in port infrastructure across African countries.
  • The UAE’s advantageous geographical location, which facilitates the maritime industry’s contribution to the nation’s economy.
  • Key contributing segments:
    • Industrial and commercial maritime activities.
    • Tourism and leisure maritime industries, which bolster demand for docks.

Central & South America Docks Market Trends

• The Central and South American maritime industry is primarily composed of small to medium-sized players operating in localized geographic areas.
• Economic challenges such as GDP contraction and reduced import/export activities negatively impact the maritime industry and floating docks market.
• Brazil Docks Market:

• • Brazil is the largest developed market in the region.
  • Government-led economic reforms over the years have:
    • Stabilized the national economy.
    • Created opportunities in industrial and manufacturing sectors.
    • Supported the shipping and maritime industries, driving demand for docks in the country.

Browse through Grand View Research's  Advanced Interior Materials Industry Research Reports.

• The global waste management market size was valued at USD 1,293.70 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030.
• The global plastic market size was estimated at USD 624.8 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030.

Key Docks Company Insights

Some key players operating in the market include Marinetek and Candok.

• Marinetek company specializes in the fabrication and installation of marina and floating solutions. The company’s offerings include marina solutions, pontoons, and pontoon technology, floating solutions, and equipment such as docking equipment, boat mooring equipment, anchoring material, and safety equipment. In addition, they also offer modernization and remodeling services along with after sales maintenance, spare parts, and support. Marinetek operates in 45 countries including Canada, the Philippines, Italy, Malaysia, the U.S., and Russia along with 12 manufacturing plants across the world.
• Candock is involved in the manufacturing of docks and modular floating systems. The company’s product line includes modular floating docks, jetroll, jetslides boat/PWC lift, rowing docks, service channels, edge line, and floating dock accessories & tools. Candock has its manufacturing plant in Canada and its products are manufactured according to the ISO 9001:2008 quality standards as well as 14001:2004 environmental standards. Furthermore, the company has arranged a distribution channel that covers many countries including Canada, the United States, Latin America, Europe, the Middle East, Africa, Asia, and Oceania. In addition, the company also provides online purchase options from their official website.

Key Docks Companies:

The following are the leading companies in the docks market. These companies collectively hold the largest market share and dictate industry trends.

• Snap Dock
• RHINO, INC.
• Tommy Docks
• Hydrohoist
• Connect-A-Dock
• Carolina Docks
• PMS Dock Marine Company
• Cellofoam North America Inc.
• Sunstream
• RONAUTICA QUALITY MARINAS, S.L.
• VERSADOCK
• Bellingham Marine
• Marinetek
• AccuDock
• MariCorp U.S.
• PMS Dockmarine
• Martini Alfredo
• Transpac Marinas Inc.
• Ingemar
• Meeco Sullivan
• Jet Dock Systems, Inc.
• Walcon Marine
• Candock
• EZ Dock
• Damen

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