Global floating docks and drive-on boat lifts market expected to reach USD 470 million by 2024 and is expected to grow at a CAGR of more than 3.5% between 2017 and 2024. Ease of accessibility and safety provided by floating docks will majorly drive the floating docks and drive-on boat lifts market.
Sarasota, FL -- (SBWIRE) -- 05/30/2018 -- The new report by Zion Market Research on the "Global Floating Docks and Drive-On Boat Lifts Market — Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024" has a vast information about the market and its potential. The global floating docks and drive-on boat lifts market was valued at around USD 350 million in the year 2016 and it is expected to reach approximately USD 470 million by 2024. The global floating docks and drive-on boat lifts market is expected to exhibit a CAGR of more than 3.5% between 2017 and 2024.
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Ease of accessibility and safety provided by floating docks will majorly drive the floating docks and drive-on boat lifts market. The floating docks are used to ensure that the boat is stable; it also allows in performing minor repairs or other work which is needed. Floating docks adjusts automatically to the high and low water conditions, therefore, are considered as the best solution for keeping the boat dry and safe when it is not in use. Whereas, heavy loading and unloading pose a major challenge to the use of the floating docks during the forecast period.
Our research analysts observed that factors such as high safety of floating docks in rough weather, easy access, and storage of boat will positively affect the growth of the floating docks and drive-on boat lifts market over the forecast period.
The global floating docks and drive-on boat lifts market is segmented on the basis of the type, applications, and the geographical regions.
Browse the full "Floating Docks and Drive-On Boat Lifts Market" report at https://www.zionmarketresearch.com/report/floating-docks-drive-on-boat-lifts-market
Global Floating Docks and Drive-On Boat Lifts Market: Type Segment Analysis
Concrete Floating Dock
Wood Floating Dock
Metal Floating Dock
Plastic Floating Dock
Global Floating Docks and Drive-On Boat Lifts Market: Application Segment Analysis
Residential
Commercial
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Global Floating Docks and Drive-On Boat Lifts Market: Regional Segment Analysis
North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa