Authored By: Sarah
09 Oct 2024

Latest News:- Boat Docks And Lifts Market: Commercial is expected to lead the Application segment during 2024-2028

Boat Docks And Lifts Market to grow at a CAGR of 4.4% during 2024-2028

The Boat Docks And Lifts Market is expected to grow at a CAGR of 4.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 266 million. In response to the burgeoning demand for boat docks and lifts worldwide, market leaders such as Sunstream are introducing advanced and innovative products to expand their customer base and enhance profitability. For example, Sunstream, a renowned manufacturer of portable and installed boat lifts and the SwiftShield Automatic Boat Covering System, has launched the SunLift SLX Series. This latest offering, a free-standing hydraulic boat lift, boasts a modern design, next-generation frame, adjustable width bunks, stainless steel cylinders and hoses, a broad lifting range, and is suitable for water depths ranging from zero inches under the hull or skeg. 

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The Commercial subsegment is expected to dominate the Application segment during the forecast period 

Technavio analysts predict that the Commercial subsegment will lead the Application segment during 2024 and 2028 The commercial sector's increasing demand for boat docks and lifts is primarily driven by the expansion of waterfront businesses. These commercial installations cater to various industries such as marinas, restaurants, hotels, resorts, housing developments, and sailing and rowing businesses. Notably, significant ongoing and upcoming marina infrastructure projects will fuel the market growth for boat docks and lifts. For instance, Eagle Hills' USD2.5 billion marina development project in Albania, announced on December 2, 2022, includes facilities for super yachts and cruise liners, parks, open spaces, beach and marina clubs, and 12,000 marina homes, thereby necessitating the installation of a substantial number of boat docks and lifts.

Here are the various ways based on which the market is segmented: 

  • Application
    • Commercial
    • Household
  • Type
    • Boat docks
    • Boat lifts
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • Middle East and Africa

Reasons to Purchase the Global Boat Docks And Lifts Market Market Research Report by Technavio. What is in it for you?

  • Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
  • Insight into Current Market Trends: Our research reports provide our readers insights into the latest market intelligence, competitor strategies, market trends, changes taking place in the industry and customer preferences, forecasted market opportunities that influence them to make better business decisions
  • High ROI with Extensive Hands-on Research: Technavio is renowned for offering personalized market research reports as per unique business needs, delving deep into specific markets, product segments and demographics. Additionally, it is also well-known for providing high return on investments through its wide collection of data at pocket-friendly rates

There are several factors that are causing the market to flourish increasing customer engagement in marina and recreational boating activities

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Boat Docks and Lifts market is a significant segment of the global marine industry, catering to the needs of both commercial and recreational boat owners. Marinas, with their extensive network of docks and lift systems, play a crucial role in the market, providing essential services to yachts and boats of various sizes. Commercial use cases include cargo shipping and shipbuilding activities, where docks and lifts are essential for loading and unloading goods and constructing boats. In contrast, the recreational boating industry relies on docks and lifts for consumer convenience, damage prevention, and storage. Dock accessories, such as bumpers, fenders, cleats, and boat lifts, are essential components of the market. These accessories ensure the safety and protection of boats and yachts while they are docked, preventing damage from water, waves, and other boats. The market for Boat Docks and Lifts is driven by the growing popularity of recreational boating, adventure tourism, and global trade. Ocean routes are increasingly being used for transportation, leading to an increase in demand for efficient and reliable docking systems. The market is expected to grow significantly in the coming years, with innovations in technology and design driving the trend.

Market Research Overview

According to Technavio, the Boat Docks and Lifts market is a significant segment of the expansive Global Construction Machinery and Heavy Transportation Equipment market. This market encompasses various product categories, such as heavy-duty trucks, compact earthmoving equipment, road construction and compaction equipment, crushing and screening equipment, concrete equipment, civil engineering equipment, lifting equipment, and related machinery. The burgeoning global construction machinery and heavy transportation equipment market expansion is attributed to the following key factors: the accelerated urbanization resulting in substantial investments in construction projects due to the increasing demand for residential properties, including single-family homes and multi-family dwellings.

The Boat Docks And Lifts Market is experiencing significant growth, fueled by the increasing customer engagement in marina and recreational boating activities. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

 

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