Latin America Docks Market Size & Outlook, 2023-2030
Latin America docks market, 2018-2030 (US$M)
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Latin America docks market highlights
- The Latin America docks market generated a revenue of USD 62.6 million in 2023.
- The market is expected to grow at a CAGR of 2.6% from 2024 to 2030.
- In terms of segment, concrete was the largest revenue generating material in 2023.
- Plastics & Composites is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 62.6 million |
| Market revenue in 2030 | USD 74.9 million |
| Growth rate | 2.6% (CAGR from 2023 to 2030) |
| Largest segment | Concrete |
| Fastest growing segment | Plastics & Composites |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wood, Metal, Plastics & Composites, Concrete |
| Key market players worldwide | Reputation Rhino, Tommy Docks, HydroHoist, Connect A Dock, Carolina Docks, Cellofoam, Versadock (Marine IP Ltd), Bellingham Marine, AccuDock, MariCorp U.S., PMS Dockmarine, Transpac Marinas, Ingemar, Meeco Sullivan, Jet Dock Systems, Walcon Marine, EZ Dock, Damen Shipyards |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.5% of the global docks market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 85.1 million by 2030.
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Docks Market Scope
Docks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America docks market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to docks market will help companies and investors design strategic landscapes.
Concrete was the largest segment with a revenue share of 41.21% in 2023. Horizon Databook has segmented the Latin America docks market based on wood, metal, plastics & composites, concrete covering the revenue growth of each sub-segment from 2018 to 2030.
The Central and South American maritime industry is majorly made up of small to medium sized players with considerably smaller fleets which cover a small geographic area. The contraction in GDP and decrease in import and export levels are expected to negatively impact the maritime industry.
This is also expected to have a negative impact on the floating docks market. Latin America’s maritime industry is facing a decline which has called for increased investments in the region to keep up with the global transport trends.
In order to improve ports, shipbuilding and dredging of ports, the region is expected to receive investments worth USD 55 billion over the course of time by 2040. The future development plans that include newer ports, improved vessels, and well-equipped transport corridors, will result in investment opportunities for industrial players.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America docks market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America docks market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America docks market size, by country, 2018-2030 (US$M)
Latin America Docks Market Outlook Share, 2023 & 2030 (US$M)
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