Press release
The Surge In Maritime Shipping Drives Growth In Docks Construction Market Driver: Leading Transformation in the Docks Market in 2025
Docks Market Outlook
The docks construction market is anticipated to grow due to the surge in maritime shipping. This mode of transportation leverages waterways to transport goods from one point to another and encompasses pre- and post-shipping operations involved in the movement of commodities and individuals. The upkeep and sanitation of ships, as well as loading and offloading of cargo, take place at docks, hence an upswing in maritime shipping equates to an expansion of the market. For example, the United Nations Conference on Trade and Development, a Switzerland-based global organization advocating international trade interests, predicts a 2.4% growth in maritime trade in 2023, following a slight dip of 0.4% in 2022. Consequently, the rise in maritime shipping is fuelling the progression of the docks construction market.
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What is the projected compound annual growth rate (CAGR) of the docks market from 2025 to 2034, and what factors influence it?
The size of the docks market has consistently expanded in the past few years. It is projected to increase from $1.76 billion in 2024 to $1.83 billion in 2025, displaying a compound annual growth rate (CAGR) of 4.0%. The expansion in the historical period is a result of growth in the marine sector, development of waterfront properties, trends in boating and recreation, the fishing and aquaculture industry, and tourism coupled with waterfront attractions.
The market size for the docks is predicted to experience robust expansion in the forthcoming years. It is estimated that it will escalate to $2.24 billion in 2029 with a compound annual growth rate (CAGR) of 5.1%. The expected growth during the forecast timeframe is due to sustainable development along the waterfront, adaptation to climate change, a rise in leisure boating, the incorporation of technology in marine activities, and investments in coastal infrastructure. Key trends for the forecast timeframe encompass features for accessibility, designs that can withstand climate change, systems that are modular and capable of expansion, the incorporation of green infrastructure and adherence to local regulations.
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How are the latest trends influencing the growth of the docks market?
The drive towards product innovation is a notable trend on the rise in the market for dock construction. Major players in this sector are focusing on the development of novel, innovative products to solidify their standing in the market. A case in point is the October 2022 launch by Paradise Dock & Lift Inc., a US manufacturer known for its top-tier modular docking systems, of its Hydraulic Boat Lift. This uniquely designed boat lift has a load capacity that varies from 2,000 to 20,000 pounds and is of the highest quality with strong features. Notable features include a remote-controlled operation, and it runs on an independent power pack charged by solar energy. Its construction involves the use of hard-wearing, marine-grade aluminium and offers a lifting range of 4', 5', or 6'.
What are the major segments of the docks market and their role in driving growth?
The docks 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
Subsegments:
1) By Wood: Treated Lumber, Plywood, Timber
2) By Metal: Steel, Aluminum, Stainless Steel
3) By Plastic And Composites: Polyethylene, PVC (Polyvinyl Chloride), Fiber-Reinforced Polymers (FRP)
4) By Concrete: Precast Concrete, Reinforced Concrete, Ready-Mix Concrete
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Which regions are key players in the growth of the docks market?
North America was the largest region in the dock's construction market in 2024. The regions covered in the docks construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the docks market?
Major companies operating in the docks market include Meeco Sullivan LLC, Jet Dock Systems Inc., Marinetek Group Oyj, EZ Dock Inc., Martini Alfredo SpA, Walcon Marine Ltd., Damen Shipyards Group, Accudock, Bellingham Marine Industries Inc., Transpac Marinas Inc., Candock Inc., PMS Dockmarine, Great Northern Docks Inc., Dockside Marine Supply & Marine Services, Dock Builders Supply, DockinaBox, Dock Doctors LLC, Dock & Marine Construction Corp., Dockside Marine Centre Ltd., Dockside Marine Supply & Resort, Renegade Docks, ShoreStation, DeckWave, Dry Dock Marine Group, East Coast Docks, Royal Docks
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What Is Covered In The Docks Global Market Report?
• Market Size Forecast: Examine the docks market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the docks market for a structured understanding.
• Key Players Overview: Analyze major players in the docks market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the docks market.
• Segment Contributions: Evaluate how different segments drive overall growth in the docks market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the docks market.
• Industry Challenges: Identify potential risks and obstacles affecting the docks market.
• Competitive Landscape: Review strategic developments in the docks market, including expansions, agreements, and new product launches.
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