Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "Docks Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
A comprehensive global market report on the docks industry has been published, providing valuable insights into the size, share, trends, and growth of the market. The report presents an in-depth analysis of the docks sector, which saw significant growth from $1.7 billion in 2023 to a projected $1.77 billion in 2024 at a CAGR of 4.4%. Ongoing economic expansion, surge in maritime trade, and advances in offshore projects are among the factors spurring this steady growth.
The research reveals that the docks market will continue its upward trajectory, reaching an estimated $2.12 billion by 2028, with a CAGR of 4.6%. This sustained growth is underpinned by the strengthening of global supply chains, burgeoning e-commerce, urban smart development initiatives, and climate change adaptation strategies. Furthermore, the report elucidates on how technological developments and green innovations are playing a pivotal role in reshaping the docks landscape.
Regional Market Overview
North America maintained its dominance in the market as of 2023, backed by robust trade activities and advancements in marine infrastructure. Detailed analyses of other key regions, such as Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa, offer a global perspective of the industry's outlook.
Technological Advancement: A Market Game-Changer
Innovations in the docks sector are significantly driving the market growth, with companies like Targus leading the charge with their state-of-the-art docking solutions that support multiple 4K and 8K screens. Technological breakthroughs in product functionality and safety are highlighted as key trends anticipated to influence market dynamics in the coming years.
Rising Investments and Strategic Acquisitions
The industry is witnessing increased investments and strategic mergers designed to amplify market presence and enhance product offerings. For example, the strategic investment in Tugdock by Crowley Maritime Corporation underscores the market's direction towards supporting renewable energy initiatives, especially in offshore wind.
The report covers a multitude of companies, including Meeco Sullivan LLC, Jet Dock Systems Inc., and Marinetek Group Oyj, among others, emphasizing the competitive landscape of the docks market. Likewise, an in-depth focus on the main dock types—fixed and floating docks—and their respective applications across residential, commercial, industrial, and institutional sectors, shines a light on market segmentation and consumer preferences.
A selection of companies mentioned in this report includes
- 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
For more information about this report visit https://www.researchandmarkets.com/r/76dz05
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
