Floating Dock Systems Market Size, Share, Growth, and Industry Analysis, By Type (Concrete Floating Dock, Wood Floating Dock, Metal Floating Dock, Plastic Floating Dock and Others), By Application (Residential, Commercial and Others), Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Floating Dock Systems Market Report Overview

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The global floating dock systems market size was USD 281.8 million in 2022 and is projected to touch USD 415.22 million by 2031, at a CAGR of 4.4% during the forecast period. 

A floating dock, also commonly known as floating pier or floating jetty which is a platform or ramp supported by pontoons, joined to the shore with the help of a gangway. The floating dock is usually held in place by using vertical poles that are also referred as pilings, embedded in the seafloor or by anchored cables. With the tremendous increase in ship construction and marine projects, the respected market will face a huge rise in product sales. Its application ranges over to residential, commercial, etc. residential being in the lead here. There are policies supporting and encouraging all types of water transportations as they do not cause pollution and is not expensive.

These floating dock systems are frequently used in marina areas, maintaining a strong and steady vertical bond with the watercraft secured to it, independent of tidal, river or lake elevation. Floating docks are often used in marinas due to several perks such as quick and economical installation, easy maintenance and versatility of the system. These docks are not kept anchored to the bottom of water body. These docks are considered quite ideal for places with continuously changing water levels and deep-water areas. Floating docks consists of three major components, deck, frame and float. The deck is the topmost portion of the entire system, providing support to the user. Whereas, frame has the function to offer structural support to the deck and floats act as foundation that keeps the structure afloat by providing buoyancy.

COVID-19 Impact: Disturbance in Supply Chains Results to Market Derailment 

The global COVID-19 pandemic has been unprecedented and staggering, with floating dock systems market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

In the dawn year 2021, our world got inflicted by the deathly coronavirus. The whole world lost its balance and faced terrible consequences. All sorts of economic, social, physical activities were forcefully ceased that caused mayhem and state of disorder among masses. In order to contain the spread of virus, lockdowns and strict protocols like social distancing were imposed by the governments all around the world. Since, all types of transportation were strictly prohibited for the time being, demand for floating deck system miserably declined. As a result, the floating deck system market underwent substantial loss. However, once the threat of coronavirus subsided and situations got under control, the demand for the floating deck system got better.

LATEST TRENDS

"Rise in the Use of Floating Deck System leads to Elevation of Market Economy"

With growing population, the need for effective and wider transportation systems for passengers as well heavy goods increased tremendously. As a result, increase in demand for floating dock systems leads to upliftment of the market and boasts its growth. Also, there has been several government policies which supports and encourages the construction of floating dock systems propelling the market growth. Moreover, the respected market is expected to touch an impressive market value of USD 364.9 million by 2028, growing an appreciable CAGR value of 4.4% during the forecast period.

Floating Dock Systems Market Segmentation

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• By Type

The market categorizes into Concrete Floating Dock, Wood Floating Dock, Metal Floating Dock, Plastic Floating Dock and Others.

On the basis of type, Concrete Floating Dock is leading segment.

• By Application

The market categorizes into Residential, Commercial and Others.

On the basis of application, Residential is the leading segment.

DRIVING FACTORS

"Rising Ship Construction Activities and Marine Projects All Over the World to Stimulate Market Progression"

In the recent years, there has been an increase in ship construction activities and marine projects due to the rise in population and their increased demand of transportation of heavy goods and passengers by waterways as it the most economical and eco-friendly medium to fulfil the above requirements.as a result, the demand for floating deck systems increases.

"Increasing ship repair and maintenance activities across the world to Promote Market Growth"

Since the adoption of ships and other means of waterway transportations have increased, their maintenance and repair have also seemed to be increased considerably which acts as another strong factor leading towards market growth and advancement.

RESTRAINING FACTORS

"Stringent government regulations may to Restrain Market Growth"

One of the few hindrances for the growth of floating dock systems market is the strict policies and regulations inflicted by the governments of respected countries. These policies have been made In favor of keeping a check on the import and export activities and other activities taking place on the floating docks.

Floating Dock Systems Market Regional Insights

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"North America to Overshadow the Market Owing to High Production Rate"

North America region leads the market owning an impressive floating dock systems market share of 41% in 2019, followed by Europe. One of the reasons for North America to outrule the respected market is the presence of many production units as well as a reputable sum of working population that can serve in many different sectors of the market.

KEY INDUSTRY PLAYERS

"Key Market Faces to Focus on improving product state"

Among the major industry players of floating dock systems, Bellingham Marine has maintained its first place in the ranking in 2019. Furthermore, the top five market faces own about 40% of the total market share as of 2019 stats. Also, it is being highly anticipated that all the major industry faces will be focusing to maximize product awareness as well as to put more inputs in improving their product’s quality which will increase market sales, leading market development. Furthermore, the adoption of latest and trending technology into current working pattern of the market will be highly supported and encouraged. As a result, due to the use of latest technology market rates are expected shoot up the scale.

List of Market Players Profiled

• Bellingham Marine (U.S.)
• Meeco Sullivan (U.S.)
• Marinetek (U.S.)
• Ingemar (Argentina)
• SF Marina Systems (U.S.)
• Poralu Marine (Canada)
• Walcon Marine (U.K.)
• Flotation Systems (U.S.)
• Maricorp (U.S.)
• Metalu Industries (France)
• EZ Dock (U.S.)
• Kropf Industrial (Canada)
• Technomarine (U.S.)
• MARTINI ALFREDO (Italy)
• Potona (U.S.)

REPORT COVERAGE

The research analysis report gives a detailed description that entails crucial market features like consumer behavior, industry relations, present market trends, business patterns of the floating dock systems market. In addition, this report has brilliantly briefed its readers about the market segmentation done on the basis of both on region level and global level; on the basis of company, type and application. Every aspect of the market discussed has been researched and analyzed by our market research experts. Also, additional emphasis has also been given on market restrainers, opportunities, challenges and risks during the review period of 2022-2028. Moreover, current as well as near future market strategies that are to be adopted and incorporated within the current working style are also exclusively outlayed.