Overview and Scope
Dock construction refers to the building of a structure that is built out over the water in a port along which ships can land to load and unload or the enclosed area of water between two such structures. They are used to provide access to water for watercraft.
Sizing and Forecast
The docks construction market size has grown steadily in recent years. It will grow from $10.39 billion in 2023 to $10.73 billion in 2024 at a compound annual growth rate (CAGR) of 3.3%. The growth in the historic period can be attributed to marine industry growth, waterfront property development, boating and recreational trends, fishing and aquaculture operations, tourism and waterfront attractions..
The docks construction market size is expected to see steady growth in the next few years. It will grow to $11.89 billion in 2028 at a compound annual growth rate (CAGR) of 2.6%. The growth in the forecast period can be attributed to sustainable waterfront development, climate change adaptation, increased leisure boating, technological integration in marine operations, coastal infrastructure investments.. Major trends in the forecast period include accessibility features, resilient design for climate change, modular and expandable systems, green infrastructure integration, local regulations compliance..
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Segmentation & Regional Insights
The docks construction market covered in this report is segmented –
1) By Material: Wood, Metal, Plastic And Composites, Concrete
2) By Operation: Conventional, Automatic
3) By Application: Residential, Commercial, Industrial, Institutional
North America was the largest region in the docks construction market in 2023. The regions covered in the docks construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing maritime shipping is expected to propel the docks construction market going forward. Maritime shipping refers to the transportation method that uses water to move products from one location to another. Pre- and post-shipping operations for the transportation of goods and people are included in maritime shipping. Docks are used for repairing and cleaning a ship and loading and unloading cargo in maritime shipping, so an increase in maritime shipping will propel market growth. For instance, in 2021, according to the United Nations Conference on Trade and Development, a Switzerland-based intergovernmental organization that promotes the interests of world trade, global maritime shipments increased by an estimated 3.2% to reach 11 billion tons and Asia was the leading maritime cargo handling center, which accounted for 42% of goods loaded and 64% of those unloaded in 2021. Therefore, the increasing maritime shipping is driving the docks construction market.
Key Industry Players
Major companies operating in the docks construction market are focusing on innovative products such as SunLift SLX series of hydraulic boat lifts to drive revenues in their market. The SunLift SLX boasts features including chew-proof stainless braid hoses, stainless steel cylinders, and Sunstream’s unique cylinder boot that make it dependable and long-lasting for use in both fresh and salt water environments. For instance, in February 2021, Sunstream Boat Lifts Inc. a US-based company that specializes in manufacturing boat lifts and other marine products launched SunLift SLX series of hydraulic boat lifts. SunLift SLX series of hydraulic boat lifts is a free-standing model that boasts an advanced frame, adjustable width bunks, stainless steel cylinders and hoses, and the broadest lifting range of any hydraulic lift. The new generation of pressure-balanced hydraulic pumps is faster, quieter, 30% more efficient, and does not lose capacity over time. It also requires less battery power. New SoftStop technology, which slows the hydraulics at the top end of the stroke to allow the boat to come to a smooth stop in the over-center locked position, is another feature of the SunLift SLX. Lift capacity in the SLX series range from 5,000 to 30,000 pounds, the 6,500-pound variant is the most popular and starts at $10,480 MSRP.
The docks construction market report table of contents includes:
1. Executive Summary
2. Docks Construction Market Characteristics
3. Docks Construction Market Trends And Strategies
4. Docks Construction Market – Macro Economic Scenario
5. Global Docks Construction Market Size and Growth
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32. Global Docks Construction Market Competitive Benchmarking
33. Global Docks Construction Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Docks Construction Market
35. Docks Construction Market Future Outlook and Potential Analysis
36. Appendix
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