Docks Construction Market Analysis: Major Players, Lucrative Segments And Top Geographies
11 Jul, 2023
The global docks construction market size is expected to grow from $9.87 billion in 2022 to $10.29 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global docks construction market size is expected to reach $10.55 billion in 2027 at a CAGR of 0.6%.
Global Docks Construction Market Key Driver
Increasing maritime shipping is projected to drive the docks building market ahead in the coming years. Maritime shipping is a mode of transportation that uses water to transfer goods from one point to another. Maritime shipping includes pre- and post-shipping procedures for the transfer of commodities and persons. Docks are utilised in marine transportation to repair and clean ships as well as load and unload cargo, hence an increase in maritime shipping will propel market growth.
Get a sample of the global docks construction market reportGlobal Docks Construction Market Segments
The global docks construction market is segmented:
1) By Material: Wood, Metal, Plastic And Composites, Concrete
2) By Operation: Conventional, Automatic
3) By Application: Residential, Commercial, Industrial, Institutional
4) By Geography: The regions covered in the docks construction market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global docks construction market.
Major Docks Construction Industry Players
Meeco Sullivan, Jet Dock Systems Inc., Marinetek, 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 SA, Candock, PMS Dockmarine
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Docks Construction Market Overview
Dock construction refers to the building of a structure that is built out over the water in a port along which ships can land to load and unload or the enclosed area of water between two such structures. They are used to provide access to water for watercraft.
Docks Construction Global Market Report 2023 provides data on the global docks construction market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The docks construction market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.