10-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “Floating Docks and Drive-On Boat Lifts Market By Product Type (Concrete Floating Dock, Plastic Floating Dock, Wood Floating Dock, and Metal Floating Dock) and By Application (Residential and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”. According to the report, the global Floating Docks and Drive-On Boat Lifts market is predicted to be valued at approximately USD 378 million in 2018 and is expected to reach a value of around USD 534 million by 2027, at a CAGR of around 3.8 % between 2019 and 2027.
The floating dock is referred to as dry docks. Floating dock was first launched in the nineties and gained huge popularity as a result of provisions or standards and strength. The product raises a vessel out of the water and serves as a dry dock. Moreover, floating docks are submersible floating structures that are utilized for entering & docking of the water vessel like a ship.
Browse the full “Floating Docks and Drive-On Boat Lifts Market By Product Type (Concrete Floating Dock, Plastic Floating Dock, Wood Floating Dock, and Metal Floating Dock) and By Application (Residential and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027” Report at https://www.fnfresearch.com/floating-docks-and-drive-on-boat-lifts-market-191
On the other hand, drive-on boat lifts are utilized for lifting the boat or a ship from the water bodies for the purpose of repairing. Today, there are myriad kinds of floating docks and drive-on boat lifts that are utilized for various applications.
Easy availability of the floating docks and drive-on boat lifts to steer the market expansion
The growth of the floating docks and drive-on boat lifts industry during the forecast timeline is owing to easy access to the product. Moreover, the product helps the boat in and out of the water with ease & comfort. In addition to this, the floating dock provides easy docks for storage, access, and safety of your boat.
Furthermore, the floating docks can be pulled away onto the location before the occurrence of the major storms or at the time of cold weather. Apart from this, they can be easily removed and stored. All these factors are expected to steer the growth of the industry over the forecast timeline.
Moreover, its cost-effectiveness as compared to wet docks makes it more preferred over the latter. In addition to this, floating docks helps in keeping the boat safe & dry while not in use with floats adjusting to lower or higher water conditions. Nevertheless, with floating docks not fit or apt for heavy loading as well as unloading it is likely to create barriers to the growth of the industry over the forecast period. However, massive new developments witnessed across the marine sector will boost the growth of the market and will annul the impact of hindrances on the market.
Metal floating dock to lead the product type segment by 2027 in terms of earnings
The growth of the metal floating dock segment during the forecast timeline is owing to the exceptional features of the metals. Moreover, aluminum and steel are the best materials that find lucrative applications in the production of water vessels like ships as well as marine ports across the marine sector. Apart from this, metals are cost-effective and are the best-fit or best-suited alternative over wood.
Commercial segment to dominate the application landscape by 2027
The growth of the segment during the forecast timeline is credited to the easy availability of myriad commercial dock designs for public ventures as well as lower scale ventures for businesses including restaurants & marine-based services.
North America to contribute a major market revenue share by 2027
The regional market growth over the forecast timeline is credited to huge demand along with a high acceptance rate of customized docks for marine security in countries like the U.S.
Some of the major players in the business include HydroHoist Marine Group, Meeco Sullivan, AccuDock, BELLINGHAM MARINE, MariCorp, Jetfloat, Candock, Wahoo Docks, Carolina Waterworks, Inc., Basta Boatlifts, CUBISYSTEM, SF Marina Systems,Dock Blocks, EZ Dock, Sunstream Boat Lifts, Flotation Systems Inc., Ingemar, JetDock Systems, Inc., Marine IP Ltd. (VersaDock), Technomarine, Marinetek, Martini Alfredo, PMS Dockmarine, Pontech, Shenzhen Blue Ocean Engineering Co., Ltd., and Walcon Marine Ltd.
This report segments the Floating Docks and Drive-On Boat Lifts market as follows:
Floating Docks and Drive-On Boat Lifts Market: By Product Type Analysis
- Concrete Floating Dock
- Wood Floating Dock
- Metal Floating Dock
- Plastic Floating Dock
Floating Docks and Drive-On Boat Lifts Market: By Application Analysis
Floating Docks and Drive-On Boat Lifts Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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