NEW
YORK, June 18, 2024 /PRNewswire/ -- The
global boat docks and lifts market size is estimated to
grow by USD 266 million from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 4.4% during the forecast period.
Increasing customer engagement in marina and recreational boating
activities is driving market growth, with a trend
towards rising demand for advanced boat docks and lifts.
However, high total cost of ownership for leisure boats
poses a challenge. Key market players include A Laiturit Oy,
AirBerth Marketing PTY LTD., Alutrack Oy, Aqua Boat Lifts, Basta
Boatlifts, Boat Lift US Inc., DECO Boat Lifts, Dolphin Boat Lifts
Inc., FLOE International Inc., Golden Manufacturing Inc., Hi Tide
Boat Lifts, IMM Quality Boat Lifts, ItaliaMarine, Jetdock Systems
Inc., Marine Master Boat Lifts and Docks, Midwest Industries Inc.,
NuCraft Metal Products, RGC Products, Sunstream Corp., and
Waterfront Brands.
Get a detailed analysis on regions, market segments, customer
landscape, and companies- View the snapshot of this report
Boat Docks And Lifts
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Decelerate at a CAGR of
4.4%
|
Market growth
2024-2028
|
USD 266
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
4.15
|
Regional
analysis
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
41%
|
Key
countries
|
US, Italy, Canada, UK,
and Germany
|
Key companies
profiled
|
A Laiturit Oy, AirBerth
Marketing PTY LTD., Alutrack Oy, Aqua Boat Lifts, Basta Boatlifts,
Boat Lift US Inc., DECO Boat Lifts, Dolphin Boat Lifts Inc., FLOE
International Inc., Golden Manufacturing Inc., Hi Tide Boat Lifts,
IMM Quality Boat Lifts, ItaliaMarine, Jetdock Systems Inc., Marine
Master Boat Lifts and Docks, Midwest Industries Inc., NuCraft Metal
Products, RGC Products, Sunstream Corp., and Waterfront
Brands
|
Market Driver
The global boat docks and lifts market is experiencing growth
due to increasing demand. Major players, like Sunstream, introduce
innovative products, such as the SunLift SLX Series, featuring
advanced designs, adjustable width bunks, and efficient hydraulic
pumps. SunLift SLX offers benefits, including high lifting range,
zero water depth compatibility, and durable materials. These
advancements are expected to positively impact the market during
the forecast period.
The Boat Docks and Lifts market is experiencing significant
growth due to the increasing popularity of water sports and
recreational activities. Docags and Docks are key players in this
industry, offering various solutions such as boat lifts, dock
systems, and marine accessories. Ships and boats require proper
storage and maintenance, leading to the demand for advanced docking
systems. Systems like hydraulic boat lifts and composite docking
systems are trending in the market. The use of materials like
aluminum and composite in the manufacturing of boat lifts and docks
is gaining traction due to their durability and low maintenance
requirements. The market is expected to continue growing as more
people discover the joys of water activities.
Research report provides comprehensive data on impact of trend.
For more details- Download a Sample Report
Market Challenges
- The leisure boat market is characterized by high-priced assets,
with an average retail price increase of approximately 5% since
2006. This trend significantly impacts the sales volume due to the
substantial additional costs. These expenses include slip rental,
insurance, maintenance, cleaning, and a state boating license. The
total cost of ownership averages at USD60,000, making it an economically unfeasible
luxury for many families. Consequently, the boat docks and lifts
market growth in residential and commercial segments may be
hindered due to this financial barrier.
- The Boats, Ships, and Lifts market faces several challenges.
Docks and boat lifts are essential for storing and maintaining
watercrafts. However, the design and construction of these
structures require careful consideration. Docks and lifts must be
able to accommodate various boat sizes and weights. Additionally,
they must be able to withstand harsh environmental conditions, such
as extreme temperatures and heavy waves. Another challenge is the
cost of installation and maintenance. The cost of installing a dock
and lift system can be significant. Furthermore, regular
maintenance is necessary to ensure the longevity of these
structures. This includes routine inspections, repairs, and
replacements of worn-out parts. Moreover, the market for boat docks
and lifts is highly competitive. There are numerous manufacturers
and suppliers, making it challenging for businesses to
differentiate themselves. To stay competitive, companies must offer
innovative solutions, competitive pricing, and excellent customer
service. Lastly, regulatory compliance is a significant challenge.
Docks and lifts must adhere to various regulations and standards.
Failure to comply can result in fines, legal action, and damage to
a company's reputation. Therefore, it is crucial for businesses to
stay informed of the latest regulations and ensure their products
meet the required standards.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This boat docks and lifts market report extensively covers
market segmentation by
- Application
- 1.1 Commercial
- 1.2 Household
- Type
- 2.1 Boat docks
- 2.2 Boat lifts
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Commercial- The global boat docks and lifts
market for commercial applications is experiencing significant
growth due to increasing demand from the waterfront business
sector. This includes marinas, restaurants, hotels, resorts,
housing developments, and sailing and rowing businesses. Factors
such as ongoing and future marina infrastructure projects, like
Eagle Hills' USD2.5 billion
development in Albania, and the
rise in demand for yachts and boats in APAC, driven by a growing
HNWI population and increased sales, are key drivers for market
expansion. Water sports and boat races popularity also contributes
to the market growth.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Boat Docks and Lifts Market plays a significant role in the
marine sector, catering to both recreational and commercial use
cases. This market encompasses various components, including docks,
boat lifts, cleats, fenders, and bumpers. These dock accessories
facilitate damage prevention, storage, and easy access to boats and
yachts for consumers. The market expands its reach to adventure
tourism and cargo shipping, contributing to the global trade
through ocean routes. Shipbuilding activities and marinas are
integral parts of this industry, ensuring the production and
maintenance of boats and ships. The global marine industry thrives
on the demand for these essential docking solutions, providing
convenience and functionality for various use cases.
Market Research Overview
The Boat Docks and Lifts market encompasses the production,
sales, and installation of various types of boat docks and lifting
systems. These structures provide boat owners with secure and
convenient storage solutions, enabling easy access to their
vessels. Boats can be lifted using hydraulic or electric systems,
ensuring safe and efficient handling. Materials used in the
construction of boat docks and lifts include aluminum, steel, and
composite materials. The market caters to both residential and
commercial applications, with an increasing focus on sustainability
and eco-friendly solutions. The demand for boat docks and lifts is
driven by factors such as growing boat ownership, increasing water
sports popularity, and the desire for convenient and secure storage
solutions. The market also offers various customization options to
cater to diverse customer requirements.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Type
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio