Latest News- Docks Market: Wood is expected to lead the Material segment during 2025-2029
The Docks Market is being driven by Growing demand for recreational boating activities
The Docks Market is expected to grow at a CAGR of 5.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 579.7 million. The global docks market is experiencing a notable shift towards the retrofitting of existing infrastructure. This trend is driven by the imperative to improve infrastructure, ensure safety, and enhance functionality. Notable examples of this trend include Marinetek Finland's successful completion of a major marina extension project in Inkoo, Finland, which added over 800 protected berths. The use of advanced concrete pontoons, such as Premier, Breakwater, and Super Yacht models, underscores the emphasis on durability and high performance in retrofitting efforts. Similarly, Walcon Marine Ltd initiated a significant renovation project for Guernsey Ports, demonstrating the industry's commitment to upgrading existing docks with modern, efficient solutions.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Material (Wood, Metal, Plastics and composites, Concrete) End-user (Commercial, Residential) Geography (North America, Europe, APAC, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Docks Market Research Report
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The Docks Market encompasses the production and installation of various types of docks, including floating docks made of materials like wood, metal, plastic, composites, and concrete. Dock manufacturing caters to vacation destinations, infrastructure development for marinas, private docks, and boating facilities. Materials used range from traditional wood and metal to modern composites and concrete. Logistics, warehousing, international trade, ecommerce, specialty chemicals, and diversified materials are key sectors driving market growth. Frame materials include boat docks, boat lifts, and floating boat docks for activities like boating, fishing, and water sports. The luxury boating market favors modular boat lifts and floating docks.
In the maritime transportation industry, marine ports and services play a pivotal role in ensuring the safety and efficiency of cargo transportation. These services encompass container handling, loading and unloading, storage, repair, maintenance, and navigation. Floating docks, constructed from materials such as wood, metal, plastic, composites, concrete, are integral to these operations. Shipping companies and operators, as key stakeholders, enable seamless transportation by optimizing service, quality, cost, and time. The value chain of marine ports and services extends to carriers, agents, and third-party providers, generating significant value through their contributions to the transportation process for diverse industry clients.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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