NEW YORK, Jan. 10, 2022 /PRNewswire/ -- The boat docks and lifts market is expected to grow by USD 220.91 mn from 2020 to 2025. Moreover, the market is expected to progress at a CAGR of over 4%. The year-over-year growth rate of the market in 2021 was 3.72%.
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Boat Docks and Lifts Market: Drivers
One of the key drivers that will drive the growth of the market during the forecast period is the increasing customer engagement in marine and recreational boating activities. The demand for boat docks and lifts is strong due to increased consumer engagement in marine and recreational boating activities. As owning and maintaining a leisure boat is highly expensive, people in the US with mid-level and low-level annual incomes are shifting from the concept of boat ownership to boating experiences offered by company-operated leisure/recreational boating services. Therefore, with the increasing consumer shift toward marinas, the demand for boat docks and lifts is expected to rise further during the forecast period
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Key Vendor Offerings:
Boat Docks And Lifts Market: Segmentation Analysis
This market research report segments the boat docks and lifts market by type (boat docks and boat lifts), application (commercial and household), and geography (North America, Europe, APAC, South America, and MEA).
North America led the boat docks and lifts market in 2021, followed by Europe, APAC, South America, and MEA, respectively. During the forecast period, North America is expected to register the highest incremental growth. 42% of the market's growth will originate from North America during the forecast period. The US and Canada are the key countries for the boat docks and lifts market in North America. Market growth in this region will be slower than the growth of the market in Europe, MEA, and APAC. Moreover, technological innovation is one of the prime factors that will facilitate the boat docks and lifts market growth in North America during the forecast period.
The growing marine and offshore activities for recreation, adventure, commercial, and development purposes has increased the demand for private ships, yachts, and boats, leading to the growth of the boat docks market. The growth of the market segment is expected to be significant during the forecast period.
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Some of the key topics covered in the report include:
Market Challenges
Market Drivers
Market Trends
Vendor Landscape
Related Reports:
Boat Docks And Lifts Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of over 4% |
Market growth 2021-2025 |
USD 220.91 million |
Market structure |
Fragmented |
YoY growth (%) |
3.72 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 42% |
Key consumer countries |
US, Italy, Canada, UK, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
AirBerth Marketing PTY LTD., Aqua-Lifts, Basta Boatlifts , DECO Boat Lifts, Dolphin Boat Lifts Inc., FLOE International Inc., IMM Quality Boat Lifts, Midwest Industries Inc., Sunstream Corp., and Waterfront Brands |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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