Global Boat Docks and Lifts Market Value to Increase by $ 220.91 Million During 2021-2025 | 42% Growth to Originate from North America | Technavio
NEW YORK, March 9, 2021 -- The global boat docks and lifts market is set to grow by USD 220.91 billion during 2021-2025. Technavio segments the boat docks and lifts market by type (boat docks and boat lifts) and application (commercial and household), geography (North America, Europe, APAC, South America, and MEA). The report identifies increasing customer engagement in marina and recreational boating activities as one of the major factors propelling the market growth.
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Owning and maintaining a leisure boat is very expensive. Hence, people who fall in the mid-level and low-level annual income segment are shifting from the concept of boat ownership to boating experiences offered by company-operated leisure/recreational boating services. This is resulting in a huge demand for leisure boats from vacation and corporate travel companies. Besides, factors such as the rapid growth of the Millennial population, growing disposable income, and the increasing popularity of adventure tourism are expected to foster the growth of the global boat docks and lifts market during the forecast period.
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Boat Docks and Lifts Market: Segmentation Analysis
Segmentation by Type
The boat docs segment will witness lucrative growth during the forecast period. Growing marine and offshore activities for recreation, adventure, commercial, and development purposes will be crucial in driving the demand for boat docks and lifts. In addition, the growing popularity of marine and coastal tourism will contribute to the growth of the segment during the forecast period.
Segmentation by Geography
North America emerged as the largest market for Boat docks and lifts in 2020 with a 42% market share. Recent technological innovations such as the adoption of remote controls in lifts and the incorporation of eco-friendly materials in the construction of docks are driving the growth of the market in the region. During the forecast period, the increasing number of boat shows is expected to offer significant opportunities for vendors operating in the market.
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Major Vendors Covered in the Boat docks and lifts Market
The report provides information on the production, sustainability, and prospects of several leading companies, including:
- AirBerth Marketing PTY LTD.
- Basta Boatlifts
- DECO Boat Lifts
- Dolphin Boat Lifts Inc.
- FLOE International Inc.
- IMM Quality Boat Lifts
- Midwest Industries Inc.
- Sunstream Corp.
- Waterfront Brands
Boat Docks and Lifts Market Report: Reasons to Purchase
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2020, 2021, until 2025
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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