Global floating dock market is anticipated to witness exponential growth in the forecast period. A floating dock, also termed as “Floating Jetty” or “Floating Pier”, is a ramp or platform supported by pontoons. It is typically associated to the shore with a gangway. The dock is mainly held in place by vertical poles stated to as pilings, that are embedded in the seafloor or by anchored cables.
Factors, such as ease of accessibility and security provided by floating docks, technological advancements, rising disposable income. In addition, easy access, high security of floating docks in rough weather, and storage of boat are likely to drive the floating dock market in the forthcoming period. On the other hand, heavy loading and unloading pose are anticipated to hinder the market growth in the future.
However, it also allows in performing minor repairs that are needed is likely to create lucrative opportunities for the market. Globally, market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. Market is segmented as product type, application, and geography.
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Floating dock market is segmented by product type as Wood Floating Dock, Concrete Floating Dock, Plastic Floating Dock, and Metal Floating Dock. The “Metal Floating Dock” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of the market include its capacity of superior strength, stability, performance, non-corrosion capability, and longevity at inexpensive charges thus growing the demand for the sector in the years to come.
The key applications in the floating dock market include Commercial, Residential and Others. The “Commercial” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of the market include it offers long-term property price for the providers and owners’ suitability for customers.
North America is a leading region in the market. It is likely to maintain its dominance in the forecast period owing to factors, such as growing waterfront businesses in the region, rising disposable income, highly established shipping industry, increasing use of floating docks in marine safeties, and technological advancement. North America is followed by Europe and Asia-Pacific region due to the growing disposable income in emerging countries and rising waterfront campgrounds, and administrative agencies, such as the parks department.
Key players operating in the floating dock market include Basta Boatlifts, AccuDock, Candock, Bellingham Marine, Cub system, Carolina Waterworks, Inc., EZ Dock, Dock Blocks, Hydro Hoist Marine Group, Flotation Systems Inc., Jet Dock Systems Inc., Ingemar, MariCorp, Jet float, Marinetek, Marine IP Ltd, Meeco Sullivan, Martini Alfredo, Pontech, PMS Dock marine, Shenzhen Blue Ocean Engineering Co., Ltd. and SF Marina Systems. The leading companies are involved in partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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