Floating docks are commonly utilized to moor small recreational vessels. The floating dock is specifically designed for maintenance and repair of large tankers, lash-carriers and ice-breakers of conventional or nuclear propulsion. It is a large box like structure that can be submerged to allow a vessel to enter it and then floated to raise the vessel out of the water for maintenance or repair. Floating docks are important equipment which aid small naval vessels and boats in the purpose of docking.
Global Floating Docks Market is accounted for approximately 368.45 USD million in 2018 and is expected to reach XX USD million by 2026 growing at a CAGR of XX% between 2019 and 2026. Growing demand for modular floating dock systems with simple to install, flexible, and durable is driving the market growth. It’s an ideal solution for residential and commercial marina docks. Moreover, it finds major applications in loading or unloading, repair and maintenance, easier for export and import business in marine industry. Hence, the aforementioned factors are expected to significantly drive the market during the forecast period.
High growth of the marine transportation industry along with Technological advancement and development of integrated solutions are some of the growth opportunities for the global market. However, availability of substitute product is expected to hamper the market growth.
Based on type, the Floating Docks market has been segmented into Concrete Floating Dock, Wood Floating Dock, Metal Floating Dock, and Plastic Floating Dock. Furthermore, by application, the Floating Docks market has been bifurcated into Residential and Commercial. The Metal Floating Dock segment type is expected to value for a major market share with XX% in 2018. However, Commercial is anticipated to exhibit the largest market share with XX% in 2018.
Geographically, global Floating Docks market has been segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Among all, North America leads the global Floating Docks market with XX% market share in 2018. The growth of the market in this region is primarily driven by increased adoption of floating docks in maritime defense and security of Canada and of the United States.
The report further offers detailed competitive analysis of the top key players that are trending in the market. The list of the players that are featured in the report are AccuDock, Basta Boatlifts, Bellingham Marine, Candock, Carolina Waterworks, Inc. (Safe Haven), Cubisystem, Dock Blocks, EZ Dock, Flotation Systems Inc., HydroHoist Marine Group, and Ingemar.
The Global Floating Docks Market Segmentation:
Global Floating Docks Market: Type Analysis
• Concrete Floating Dock
• Wood Floating Dock
• Metal Floating Dock
• Plastic Floating Dock
Global Floating Docks Market: Application Analysis
Global Floating Docks Market: Regional Analysis
• North America (U.S., Canada, Mexico)
• Europe (U.K., France, Germany, Spain, Italy and Rest Of Europe)
• Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
• Latin America (Brazil, Argentina, Colombia and Rest of L.A.)
• Middle East And Africa (Turkey, GCC, UAE and South Africa Rest of Middle East)