Floating Dock Market, By Type (Concrete Floating Dock, Wood Floating Dock, Metal Floating Dock, Plastic Floating Dock, Others), By Application (Residential, Commercial, Others), By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting To 2030

The Floating Dock Market was valued USD 465 million in 2021 and is projected to register a CAGR of 4.60% over the forecast period from 2021 to 2030. The increasing marine construction activities as well as marine projects across the world are expected to influence the market positively over the forecast period. Floating docks are a part of dock systems, which can submerge to a required adequate depth by allowing a cargo or vessel to coast in and be anchored in a place near to the entryway. The floating docks help in eliminating the requirement for tying dock systems at the harbor because they are placed on the floating docks. The floating docks are manufactured using three components namely frame, float, and dock. Among these, dock is the upper part of the structure, which offers support to the user. Frame provides structural support to the deck. Floats offer buoyancy to keep the building afloat by replacing the foundation or bridge abutments.

The increasing ship repair as well as maintenance activities globally will improve the market growth over the forecast period. Ship maintenance and repair is considered as the preferred option to earn profit by the ship manufacturers as compared to the new construction. Ship repair facilities use floating docks because they can accommodate and maintain big maritime vessels effectively. In the future years, favorable developments in the ship repair industry, spurred by supporting investments, will create a tremendous need for floating docks.

On the other hand, the strict rules related to the market may affect the growth of the floating dock market over the forecast period. The market players need to provide permits before starting the manufacturing of the floating dock for preventing damage to aquatic and marine ecosystem. Not only this, but strict rules are placed on the use of harmful chemicals, which can affect the marine ecosystem. For example, governments of many countries have restricted the use of chromated copper arsenate for the treatment of timber.

Impact of COVID-19 on Global Floating Dock Market

COVID 19 pandemic has forced to stop all operations which has directly impacted market growth. There was a halt in the manufacturing of materials, which are used in construction purposes resulting in the shortage of raw materials. Apart from this, no new consignments are being undertaken by the companies that are operating in this sector. So, companies which are asked to resume their work have failed to do so due to the lack of raw materials.

TABLE 1: GLOBAL FLOATING DOCK MARKET OVERALL SNAPSHOT

table 1

 

Global Floating Dock Market, by Type

Based on type, the global floating dock market is segmented into concrete floating dock, wood floating dock, metal floating dock, plastic floating dock, and others. Among these the wood floating dock is anticipated to hold the largest market share owing to its visual appeal as well as cost effectiveness. These decks are substantially less expensive than their competitors and are simple to install and maintain. Pine, cedar, redwood, cypress, and other woods are often used for decking. Untreated timber decks are more vulnerable to damage, but treated decks have a longer lifespan. For wood treatment, a variety of preservatives are utilized, including copper azole, alkaline copper quat (ACQ), and others.

Global Floating Dock Market, by Application

Based on application, the global floating dock market is segmented into residential, commercial and others. Among these, commercial segment holds the largest market share as these are increasingly used for marinas, camps, resorts, restaurants, hotels, and housing developments. Floating docks are projected to be sold in the future as a result of major existing and prospective marina infrastructure development projects. Furthermore, the booming maritime tourist industry will provide significant market development potential during the forecast period.

Global Floating Dock Market, by Region

Based on region, the global floating dock market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Among these, North America is projected to hold the largest market share. The expansion of shipbuilding activity in this region will be a significant driver of market expansion. Many governments in this region are investing large sums of money and developing policies to encourage the expansion of the shipbuilding industry. The expansion of floating docks will be aided by an increase in shipyard development projects in the near future.

TABLE 2: GLOBAL FLOATING DOCK MARKET OVERVIEW

table 2

Key Market Strategies of the Industry Participants

  • September 2018, Wahoo Docks (U.S.), a major North American producer of high-quality aluminium residential floating dock systems, was bought by Meeco Sullivan (U.S.). This purchase will strengthen the company's position in the North American market.
  • May 2017: Bellingham Marine (U.S.) has added fibre reinforced pultruded plastic components to its product line, which may be used to replace timber walers and steel thru-rods on concrete floating docks.

Major Companies: In this report, the major companies studied are Bellingham Marine (U.S.), Marinetek (Finland), Wahoo Docks (U.S.), EZ Dock (Sweden), Walcon Marine (U.K.), SF Marina Systems (Sweden), Ingemar (Sweden), Flotation Systems (U.S.), Technomarine Manufacturing (U.S.), Botongna (Italy), Metalu Industries International (France), Jet Dock (U.S.), Dock Marine Systems (U.S.), Accudock (U.S.), Meeco Sullivan (U.S.), MARTINI ALFREDO SPA (Europe), Livart (Canada), Pontech (Italy), CUBISYSTEM (Italy)

FIGURE 1: GLOBAL FLOATING DOCK MARKET (USD MILLION), 2021-2030

Floating Dock MarketMarket Segmentation

By Type:

  • Concrete Floating Dock
  • Wood Floating Dock
  • Metal Floating Dock
  • Plastic Floating Dock
  • Others

By Application:

  • Residential
  • Commercial
  • Others

By Region:

  • North America 
  • Europe 
  • Asia Pacific
  • Middle East & Africa
  • South America

Floating Dock Market

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