Docks Construction Global Market Report 2024

The docks construction market size has grown steadily in recent years. It will grow from $10.39 billion in 2023 to $10.73 billion in 2024 at a compound annual growth rate (CAGR) of 3.3%. The growth observed in the historical period can be attributed to trade expansion, economic growth, an increase in cruise tourism, infrastructure investment, and environmental concerns.

The docks construction market size is expected to see steady growth in the next few years. It will grow to $11.89 billion in 2028 at a compound annual growth rate (CAGR) of 2.6%. 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 increase 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 escalating volume of maritime shipping activities is poised to significantly drive the expansion of the docks construction market. Maritime shipping, a water-based transportation method facilitating the movement of goods and people, relies extensively on docks for a range of functions, including ship repair, cargo handling, and passenger embarkation. The surge in maritime shipping is evident from the 3.2% increase in global maritime shipments reported by the United Nations Conference on Trade and Development in 2021, culminating in 11 billion tons transported. Particularly, Asia emerged as the dominant hub for maritime cargo operations, accounting for 42% of loaded goods and 64% of unloaded goods in the same year. This upsurge in maritime activities robustly propels the demand and growth trajectory of the docks construction market.

The upward trajectory of investment in infrastructure development stands as a significant catalyst driving the upward momentum of the docks construction market. Infrastructure forms the foundational backbone crucial for societal, economic, and organizational functionalities. Investments in docks construction contribute to broader economic growth, optimize transportation efficiency, foster expanded trade networks, promote tourism and recreational opportunities, bolster safety and security measures, and reinforce environmental sustainability. Notably, statistics from the Office for National Statistics in May 2023 highlighted a substantial 15.2% increase in UK general government infrastructure spending in 2021, reaching a total of $23.8 billion. Additionally, reports from USA Facts projected a 21% surge in infrastructure and transportation expenditure in 2022. These substantial investments affirm the pivotal role and burgeoning prospects of the docks construction market fueled by heightened infrastructure development initiatives.

An emerging trend in the docks construction market involves a strong emphasis on product innovations spearheaded by leading industry players. These companies are intensively focused on pioneering novel and advanced products to fortify their market foothold. For instance, in October 2022, Paradise Dock & Lift Inc., a prominent Canada-based manufacturer specializing in top-tier modular docking systems, unveiled the Hydraulic Boat Lift. This innovative boat lift model, available in capacities ranging from 2,000 to 20,000 pounds, boasts exceptional quality and robust features. Notably, it features remote-controlled operation powered by an independent, solar-charged energy pack. Crafted from heavy-duty marine-grade aluminum, this lifting system offers a lifting range of 4', 5', or 6'. The introduction of such cutting-edge products exemplifies the industry's commitment to pushing the boundaries of innovation in the docks construction market.

Major players within the docks construction market are placing a strategic focus on pioneering innovative products, such as Sunstream Boat Lifts Inc.'s SunLift SLX series of hydraulic boat lifts, to drive substantial revenue growth. This cutting-edge series is renowned for its durability and reliability, featuring chew-proof stainless braid hoses, stainless steel cylinders, and Sunstream's exclusive cylinder boot, ensuring longevity in both freshwater and saltwater environments. Launched in February 2021, the SunLift SLX series stands as a free-standing hydraulic boat lift model equipped with an advanced frame, adjustable width bunks, and stainless steel components, offering the most expansive lifting range among hydraulic lifts. Its latest pressure-balanced hydraulic pumps deliver heightened efficiency, operating 30% more efficiently, quieter, and maintaining consistent capacity over time while demanding less battery power. A notable addition is the incorporation of SoftStop technology, which smoothly slows the hydraulics during the final phase of lifting, ensuring a gentle stop in the over-center locked position. The series offers lift capacities ranging from 5,000 to 30,000 pounds, with the 6,500-pound variant emerging as a popular choice, starting at an MSRP of $10,480.

In December 2022, MarineMax Inc., a leading US-based retailer specializing in recreational boats and yachts, culminated a significant move with the acquisition of Midcoast Construction Enterprises LLC, marking a strategic undisclosed transaction. This pivotal integration serves as a convergence of MarineMax's extensive resources with Midcoast's specialized expertise, strategically aimed at reinforcing and expanding MarineMax's marina portfolio and service offerings. Midcoast Construction Enterprises LLC is a US-based marine construction company.

Major companies operating in the docks construction market report are Bellingham Marine Industries Inc., MariCorp US LLC, Meeco Sullivan, Marinetek Industries Inc., Accudock Systems Inc., PMS Dockmarine Inc., Martini Alfredo S.p.A., Transpac Marinas Inc., Ingemar S.R.L., Jet Dock Systems Inc., Walcon Marine Ltd., CanDock Inc., EZ Dock Inc., Damen Shipyards Group, Great Northern Docks Inc., Aquamarine Technologies LLC, AQUAMOD LTD., Coastal Marine Composites Inc., Composite Structures Inc., Dock Marine Europe B.V., FINGERDOCK SA, FloatOn Docks Inc., Floe International Inc., Frontier Marine Systems Inc., Garland Marine Inc., Hisea Dock Co. Ltd., HydraDock Inc., Metal Craft Marine Inc., Moduline Docks Inc., ShoreMaster Inc.

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

The primary materials used in dock construction include wood, metal, plastic, composites, and concrete. Wood is the dense, fibrous material found in the stems and branches of trees and shrubs, located beneath the bark. Construction operations can be either conventional or automatic, and docks are utilized for various applications such as residential, commercial, industrial, and institutional purposes.

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


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