Floating Docks Market Size

Floating Docks Market Size

Floating Docks Market size was estimated over USD 425 million in 2019 and is estimated to cross USD 440 million by 2026. Rising ship construction activities and marine projects all over the world are going to positively influence the market growth over the next few years.

Floating docks are often used in marinas owing to quick installation, easy maintenance and versatility. These are not anchored to the bottom of a body of water; however, these are connected to the shore with the help of gangway. These docks are ideal for the continuously changing water levels and deep water areas.

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Floating docks are made of three primary components, deck, frame and float. The deck is the topmost portion of the structure which provides support to the user. Frame offers structural support to the deck. Floats act as a replacement for the foundation or bridge abutments and provide buoyancy to keep the structure afloat.

Rising ship repair and maintenance activities across the world will propel the market growth during the forecast time span. Ship repair and maintenance is usually perceived as a profitable option by the ship manufacturers than a new construction. Floating docks are employed at ship repair facilities as they efficiently accommodate and support large marine vessels. Favorable trends associated with ship repair sector fueled by supportive investments will generate huge demand for floating docks in upcoming years.

Stringent government regulations may hamper the floating docks market growth in the future. Product manufactures are required to issue permits before commencing the manufacturing of floating docks in order to prevent damage to marine & aquatic ecosystem. Additionally, strict prohibitions are placed on the usage of harmful chemicals which can disturb the marine ecosystem. For instance, many government regulatory bodies banned the use of chromated copper arsenate (CCA) for the treatment of timber.