Docks Global Market Report 2024

The docks market size has grown steadily in recent years. It will grow from $1.7 billion in 2023 to $1.77 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth observed in the historical period can be attributed to the expansion of trade, economic growth, an increase in cruise tourism, infrastructure investment, and growing environmental concerns.

The docks market size is expected to see steady growth in the next few years. It will grow to $2.12 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The anticipated growth in the forecast period can be attributed to the emphasis on global supply chain resilience, the expansion of e-commerce, advancements in urban planning and smart cities, the rise in offshore renewable energy projects, and efforts related to climate change adaptation. Key trends expected in the forecast period include technological advancements, green initiatives, the integration of data analytics and connectivity, enhanced safety and security measures, the adoption of modular and flexible designs, and the impact of e-commerce on the industry.

The dock market is poised for growth due to an anticipated rise in marine vessel activity. With vessels being synonymous with maritime transport, docks serve as structures enabling ships to load and unload cargo. Notably, according to the Maritime Exchange's data, Delaware River port facilities experienced a 5.3% increase in vessel arrivals in 2021, with 2,312 ships, up from 2,195 in 2020. This surge in vessel movement is a driving force behind the upward trajectory of the dock market.

The anticipated surge in global trade is expected to heighten demand within the dock market. Global trade, encompassing the exchange of goods and services across international boundaries, fuels the need for efficient cargo movement. Recent statistics from the United Nations Conference on Trade and Development (UNCTAD) reveal a 1.9% increase in goods trade in the first quarter of 2023, adding nearly $100 billion. Additionally, global services trade expanded by around $50 billion (2.8%) during the same period. Consequently, this growth in global trade is poised to positively impact the dock market.

A notable trend in the dock market revolves around technological advancements. Leading companies within this sector are actively innovating to fortify their market positions. For instance, in January 2023, Targus, a US-based company specializing in universal docking solutions and tech accessories, unveiled the DOCK710 and DOCK720. These products stand out for their capacity to support four 4K screens or a single 8K monitor along with two 4K displays using a single USB-C cable. Furthermore, they offer 100W PD, Fingerprint ID, DP Alt Mode, and DisplayLink technology. Designed to elevate productivity, security, and performance while maintaining a clutter-free workspace, these advancements exemplify the ongoing technological evolution in the dock market.

Prominent players within the docks market are significantly ramping up their investments to maintain competitiveness in this sector. Strategic investment, a purposeful allocation of financial resources into ventures aligning with an organization's long-term objectives, serves to bolster competitive positioning and achieve specific strategic goals. Notably, Crowley Maritime Corporation, a US entity specializing in vessel management, ownership, and supply chain logistics services, recently disclosed a substantial investment in Tugdock. Tugdock is renowned for pioneering the world's inaugural road-transportable floating dry dock, known as the Tugdock Submersible Platform (TSP). This investment aims to propel the advancement of offshore wind energy within the US market. Crowley, recognized for its comprehensive supply chain solutions in the offshore wind sector, collaborates with Tugdock to explore potential utilization of these platforms in regions such as the U.S. West Coast, where conventional dry docks may not meet the logistical demands due to depth limitations.

In October 2021, Miner Ltd., a US-based provider of docks and doors solutions, executed the acquisition of Great Lakes Dock and Door. The financial specifics of this acquisition remain undisclosed. This strategic acquisition marks an expansion of Miner's national footprint, particularly augmenting its presence across the Midwest region. Great Lakes Dock and Door, a distinguished manufacturer based in the United States, specializes in producing loading dock equipment and overhead doors.

Major companies operating in the docks market report are Meeco Sullivan LLC, Jet Dock Systems Inc., Marinetek Group Oyj, Maricorp US LLC, EZ Dock Inc., Martini Alfredo SpA, Walcon Marine Ltd., TTS Group ASA, Damen Shipyards Group, Accudock, Bellingham Marine Industries Inc., Transpac Marinas Inc., Obrascón Huarte Lain S.A., Candock Inc., PMS Dockmarine, Bellingham Marine, 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.

North America was the largest region in the docks market in 2023. The regions covered in the docks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the docks market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of docks include fixed docks and floating docks. Fixed docks are traditional structures drilled into the water bed, assembled with the dock and decking on top, and are suitable for shallow water and adverse weather conditions. They are installed for various purposes, including residential, commercial, industrial, and institutional applications, and can be accessed using laptops, desktops, tablet devices, and other platforms.

The docks market research report is one of a series of new reports that provides docks market statistics, including docks industry global market size, regional shares, competitors with a docks market share, detailed docks market segments, market trends, and opportunities, and any further data you may need to thrive in the docks industry. This docks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.