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Based on product, the market is divided into dock bumpers, dock ladders, dock boxes, dock carts, boat hooks, flag, flagpoles, etc. The dock bumpers segment held over USD 4.8 billion revenue in 2023. Due to their shock-absorbing qualities, boat dock bumpers are used in fendering systems on dockage at docks and harbors. Dock fenders protect against damage from accidental impacts during extreme weather or accidents with other boats and boaters, protecting both the dock and the boat.
Based on material type, the market is categorized into wood, metal, plastic, and composite materials. The metal segment accounted for 57% of the dock accessories market share in 2023. Docks can be built using metals, particularly aluminum, however it is usually used as a framing material. However, metal is susceptible to erosion over time, so its prevalence has diminished in recent years. Composite materials are used to make dock accessories due to their longevity and resistance in extreme weather conditions.
Asia Pacific dock accessories market size dominated around USD 5.5 billion in 2023. The shipping industry has experienced significant growth in recent years, driven by rapid industrialization, urbanization, and population growth.