Global Marine Decking Industry
The rise of global trades have propelled the market of shipping and logistics. Major corporations across the world are shipping their products world wide. Digital marketing and social media have revolutionized the market and are expected to boost the global shipping and logistics market. This changes have benefited the marine decking market.
A marine Deck is a sort of a permanent covering over the compartment or hull. This is the portion of the ship which provides the structure and stability to the ship. The primary deck or upper deck is the first horizontal structure which forms the “roof” of the deck. It serves as the primary space for navigation, work and also gives support and strength to the ship.
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The global marine decking market was valued at $7.7 Billion in the year 2018, and is expected to reach $12.2 Billion by 2024 at a CAGR of 8% for the period 2019-2024.
The following manufacturers are covered:
West Fraser Timber Co
Universal Forest Products
Dura Composites Marine
Marina Dock Systems
The global marine decking market is segmented based upon type, application and region.
Based upon type, the marine decking market is further segmented as
- Pressure-Treated Wood
- Cedar Wood
Based upon application, the marine decking market is further segmented as
- Building Material
- Rails & Infrastructure
Based upon region, the marine decking market is further segmented as
- North America (United States, Canada)
- Europe (Germany, France, UK, Italy, Russia, Spain)
- Asia Pacific (China, Japan, Korea, India, Australia, New Zealand)
- Middle East & Africa (Middle East, Africa)
- Latin America (Mexico, Brazil, C. America, Chile, Peru, Colombia)
North America is the market leader in terms of demand and revenue in marine decking market. The region has a world class manufacturing, automotive and construction industry with heavy export and import activity. The region also relies heavily on research and development. United States of America is a major global player from the region.
Europe is the next major market for marine decking market. Heavily organized manufacturers and superior technology and infrastructure are some major reasons for the growth in demand in the region. A strong economy with high purchasing power are factors favoring high growth in the region.
Asia Pacific is expected to grow at the highest rate. The region has a high population density and high demand for marine decking market. Rapid urbanization, emerging industrialization and rise in export and import infrastructure are major drivers in the region.
A growth in disposable income among consumers, increase in demand for steel related products in transportation, agriculture and automotive are driving factors for the region
China and India with high population density are the most lucrative regions for the growth of marine decking industry.
The marine decking industry has been affected by the global economic and trade war. With global recovery of economy, increasing number of people are paying much attention to rise in environmental standards, mostly in underdeveloped regions that have a high population density and faster economic growth.
The marine decking industry is a high-technology barrier with high returns. The industry is closer to maturity, and the consumption levels are expected to increase over the future.
The study objectives of this report are:
To study and analyze the global Marine Decking market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Marine Decking market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Marine Decking companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Marine Decking submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Table of Contents
2 Manufacturing Cost Structure Analysis
3 Development and Manufacturing Plants Analysis of Marine Decking
4 Key Figures of Major Manufacturers
5 Marine Decking Regional Market Analysis
6 Marine Decking Segment Market Analysis (by Type)
7 Marine Decking Segment Market Analysis (by Application)
8 Marine Decking Major Manufacturers Analysis
9 Development Trend of Analysis of Marine Decking Market
10.1 Marketing Channel
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