Home > HVAC & Construction > Floating Docks Market
Floating Docks Market size was estimated over USD 425 million in 2019 and is estimated to cross USD 440 million by 2026. Rising ship construction activities and marine projects all over the world are going to positively influence the market growth over the next few years.
Floating docks are often used in marinas owing to quick installation, easy maintenance and versatility. These are not anchored to the bottom of a body of water; however, these are connected to the shore with the help of gangway. These docks are ideal for the continuously changing water levels and deep water areas.
To get more details on this report: Request Free Sample PDF
Floating docks are made of three primary components, deck, frame and float. The deck is the topmost portion of the structure which provides support to the user. Frame offers structural support to the deck. Floats act as a replacement for the foundation or bridge abutments and provide buoyancy to keep the structure afloat.
Rising ship repair and maintenance activities across the world will propel the market growth during the forecast time span. Ship repair and maintenance is usually perceived as a profitable option by the ship manufacturers than a new construction. Floating docks are employed at ship repair facilities as they efficiently accommodate and support large marine vessels. Favorable trends associated with ship repair sector fueled by supportive investments will generate huge demand for floating docks in upcoming years.
Stringent government regulations may hamper the floating docks market growth in the future. Product manufactures are required to issue permits before commencing the manufacturing of floating docks in order to prevent damage to marine & aquatic ecosystem. Additionally, strict prohibitions are placed on the usage of harmful chemicals which can disturb the marine ecosystem. For instance, many government regulatory bodies banned the use of chromated copper arsenate (CCA) for the treatment of timber.
|Market Size in 2019:||429.7 Million (USD)|
|Forecast Period:||2020 to 2026|
|2026 Value Projection:||440 Million (USD)|
|Historical Data for:||2016 to 2018|
|No. of Pages:||220|
|Tables, Charts & Figures:||318|
|Segments covered:||Deck material, Frame material, Float material, Application and Region|
|Pitfalls & Challenges:|
To get details on how to order this report click here
To tailor this report to your specific requirements: Customize this Report
The reasons attributable to the strong growth of wood decks are visual appeal and cost effectiveness. These decks are much cheaper than other counterparts, and easy to assemble & repair. Most commonly used wood materials for the deck are pine, cedar, redwood, cypress, etc. Untreated wooden decks are more prone to rapid damage whereas treated decks have long service life. Many preservatives such as copper azole, alkaline copper quat (ACQ), etc. are used for the wood treatment.
Metal frames are gaining huge customer acceptance and rapidly replacing wooden frames. Steel frames are popular, and steel tubing can be used as frame as well as float. Galvanized frames are also used however their heavy weight create the necessity for larger floats. Aluminum is the ideal material for the frame structures as it is lightweight, has longer life and is perfect for pedestrian traffic. Coatings are applied to the metal frames to increase their longevity and working efficiency.
Plastic is the most common material used for the construction of floats. Polyethylene floats are made by the rotational or blown molding process. Rotationally molded polyethylene floats offer high strength than polyethylene floats molded by blowing. Plastic floats with expanded polystyrene foam (EPS) inside are widely used owing to their astounding benefits. These floats provide superior resistance to the ultraviolet (UV) light, protection from rodents and excellent impact resistance. Moreover, they offer high chemical resistance and good operational efficiency.
Commercial segment will clutch majority of market share within the forecast period. These docks are widely preferred for camps, marinas, restaurants, hotels, resorts, housing developments, sailing & rowing businesses, etc. Major ongoing and future marina infrastructure development projects are likely to trigger the floating docks sales in future. In addition, flourishing marine tourism sector will generate huge potential for the growth of market over the next few years.
To check discounted pricing for this report: Request Discount
Asia Pacific will be one of the key regions in floating docks market over the projected time period. Increasing shipbuilding activities in this region will be a major driver for the growth of market. Countries such as South Korea, China and Japan are the leading countries in terms of ship building. Many governments in this region are spending huge amounts of money and formulating supportive policies for the growth of shipbuilding sector. Increasing shipyard construction projects will facilitate the growth of floating docks in near future.
The key players in floating docks market share are Meeco Sullivan, Jet Dock Systems, Inc., Abu Dhabi Ship Building (ADSB), Marinetek, TTS Group ASA, MariCorp U.S., EZ Dock and Martini Alfredo. These companies are adopting various strategies such as expansion of production capacity, strategic partnerships & collaborations and diversification of sales & distribution network for gaining strong foothold in the market.
For instance, in September 2018, Meeco Sullivan acquired Wahoo Docks, a leading supplier of high-quality aluminum residential floating dock systems in North America. This acquisition will help the company to solidify its position in North American market. In May 2017, Bellingham Marine expanded its product portfolio with the launch of fiber reinforced pultruded plastic components which can replace timber walers and steel thru-rods on concrete floating docks. In January 2016, Abu Dhabi Ship Building (ADSB) signed a strategic agreement with Drydocks World to work on maritime projects in United Arab Emirates and across the GCC.
Floating docks industry research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in units and revenue in USD million from 2016 to 2026, for the following segments:
Click here to buy sections of this report
By Deck Material
By Frame Material
By Float Material
The above information is provided on a regional and country basis for the following: