According to a recent market study published by Growth Market Reports, titled, “North America Docks Market by type, by application and by countries: Size, Share, Trends and Opportunity Analysis, 2018-2028”, the market was valued at US$ 307.8 Million in 2020 and is expected to grow at a growth rate of 4.6% by the year 2028.

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A dock is constructed for hauling boats or ships onto the shore. These formations are also used for loading or unloading passengers and goods. Docks differ in size. Small docks comprise a wooden plank that runs into the water, where boats are pulled up and are tied or anchored. Large docks in harbors have gates enclosing areas of water where ships are repaired or cargo is unloaded. When boats land, they are pulled up to a dock or a pier.

Numerous types of docks include standing wheel-in, standing sectional, and floating docks. All types of docks have their own benefits for waterfront private property owners and industrial dock owners wanting to get the most out of the marine or any other water body’s shoreline. Some docks work well in shallow water, while others accommodate a rocky bottom, and some others require extra help for installation. Docks are constructed from different materials such as wood, plastic, aluminium, and concrete.

Based on type, the North America Docks Market is segmented into floating docks and fixed docks. Depending on installations, the North America Docks Market is segmented into commercial and residential.

Demand for docks decreased during the pandemic, due to restrictions and closure of global industries. The complete or partial closure of manufacturing and transport of non-essential goods and delivery issues led to decreasing demand for docks. Lockdown reduced the demand for docks, which in turn, hindered opportunities for companies to invest in product development. However, the market is gaining its previous pace in the fourth quarter of 2021, which is expected to create investment opportunities during the forecast period.

As per Growth Market Reports industry analyst Akshat Bansal, “Increasing disposable income, wide customization leverage of docks, and technological advancements in docks” are expected to contribute to the growth of the docks market.

The supply chain in developed Countries has been accelerated by the addition of equipment suppliers, and service providers, due to the availability of raw materials, and the presence of integrated logistics. A supply chain involves a series of steps to get products or services from their original state to the customers. These steps include moving and transforming raw materials to equipment suppliers, service providers, and consumers.

Impact Of Key Regulations

Companies designing and manufacturing docks follow the US Army Corps of Engineers (USACE) quality management certified protocol. USACE sets out the criteria for quality management and installation of docks on the shores of water bodies. Other than this, manufacturers of commercial and residential docks have to fulfill the requirements of various regulatory boards in the region such as the Americans with Disabilities Act (ADA), Area of Environmental Concern (AEC), Coastal Area Management Act (CAMA), and Division of Coastal Management (DCM). These regulatory boards have made a set of rules considering the safety of the people using the docks and the safety of aquatic life and the environment where these docks are being installed. Some rules include, that the dock must be reattained in a usable and safe condition at all times; the property with a dock should not cause a threat to life or property. The holder of the permit/license is in substantial compliance with the terms of the existing permit/license.

Key Takeaways from the Study

  • Top players in the market include Bellingham Marine Industries, SF Marina AB, Meeco Sullivan, MariCorrp U.S., AccuDock, Dream Docks, Canadian Waterfront Services, PORALU MARINE, CMI, and Burton Marine Pile Driving Inc.
  • Rising uses of eco-friendly docks is anticipated to create growth opportunities for docks market during the forecast period.
  • Based on types the market is segmented into fixed docks and floating docks.
  • In terms of installation the market is bifurcated into commercial and residential.
  • On the basis of countries, the market is segmented into US, Canada, and Caribbean Islands.

Report Scope

Report Metric

Details

Market Value in 2020

US$ 337.3 Million

Market Growth Rate (from 2020 to 2028)

4.6%

Historical Data

2018 & 2019

Base Year

2020

Forecast Period

2021 – 2028

Units Considered

Value (US$ Million)

Market Segments

By Product Type, By Installation And By Countries

Key Companies Profiled

Bellingham Marine Industries, SF Marina AB, Meeco Sullivan, MariCorrp U.S., AccuDock, Dream Docks, Canadian Waterfront Services, PORALU MARINE, CMI, Burton Marine Pile Driving Inc.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Manufacturers
  • Demand Side: Commercial sector and residential sector
  • Regulatory Side: Concerned government authorities, and other approval regulatory bodies
  • Associations and Industry Bodies: US Army Corps of Engineers (USACE)