Floating Docks Market estimated to gain high demand by 2026

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Floating Docks Market Development Trends and
Growth Drivers Analysis by 2026

• Growing need for ship construction stemming from
  rise in maritime transportation and marine
  projects is likely to favor floating docks market
  outlook. Increasing construction of marine
  vessels across the globe has augmented the demand
  for floating docks. Maritime transportation
  accounts for around 80 of global trade by
  volume. Industrial development, expanding
  population base, relaxation of trade barriers and
  lack of necessary road transport infrastructure
  are the key factors supporting international
  trade.
• Shifting trends across global trade and maritime
  activities will fuel shipbuilding activities in
  the future. The mounting demand for new marine
  vessels will positively impact associated
  business, including companies installing docks at
  shipyards for hauling marine vessels. Floating
  docks market size is forecast to exceed USD 440
  million by 2026 globally.

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• Presently, floating docks industry is gathering
  commendable profits. However, stringent
  regulations imposed by regulatory bodies to
  reduce environmental impact may stall industry
  growth. Construction of these led to release of
  toxins or contaminants in the environment, which
  could potentially harm the marine ecosystem.
  Moreover, ban or prohibition on use of various
  harmful chemicals are further compelling
  manufacturers to alter and streamline their
  manufacturing process as per environmental
  standards.

• To abide with regulatory laws, these
  manufacturers are supposed to conduct various
  expensive tests and procedures such as TCLP
  (Toxicity Characteristic Leaching Procedure) to
  check the environmental feasibility of floating
  docks. These tests will incur extra costs and
  increase overall production value.

• Plastics composite decks industry is expected
  to account for more than 15 of the total volume
  share over the analysis period. These decks are
  made by combining plastic and wood fibers.
  Plastics composites deck offers a long service
  life and requires less maintenance. Also, these
  decks offer premium wood looks, enhancing the
  overall aesthetics.

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• Regional Analysis

• The Europe floating docks market is likely cross
  16,000 units by 2026 and its growth will be
  driven by marine construction projects and rising
  commercial waterfront activities. Latin America
  floating docks market will cross 20 million by
  the end of forecast period. Favorable trends
  associated with waterfront business coupled with
  increasing demand for industrial applications
  will propel the region's growth in future.

• Competitive Analysis

• Flourishing marine tourism creates huge potential
  for the residential segment over the next few
  years. The segments growth will be majorly
  influenced by increasing consumer inclination
  towards recreational activities. Key
  manufacturers of floating docks are Jet Dock
  Systems, Inc., Bellingham Marine, Meeco Sullivan,
  Obrascón Huarte Lain, S.A., Damen, Walcon Marine,
  Candock, PMS Dockmarine and AccuDock.

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