About Marine Decking
Marine decking is designed in such a way that it offers increased safety in wet conditions. It must be strong, reliable, and able to withstand the exposure and harsh weather and punishment of coastal conditions. Since maritime conditions are very harsh, watertight, Hi-UV-resistant deck caulking adhesive and sealants are absolutely essential. Carefully designed and installed marine decking can transform an outdoor space into a contemporary area to dine, relax, or for the children to play.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Marine Decking market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Saint-Gobain Weber Marine (France), Flexiteek International AB (Sweden), Sika AB (Sweden), Dex-o-tex Marine (United States), Tiflex Group (United Kingdom), Forbo Flooring Systems (The Netherlands), Bergo Flooring AB (Sweden), Better Life Technology, LLC (United States), Dock Edge (Canada) and Dura Composites Marine (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Baltic teak, UAB (Lithuania), Bolidt (The Netherlands), Ecodek (United Kingdom), SeaDek (United States) and Mar Quipt (United States).
Segmentation Overview
AMA Research has segmented the market of Global Marine Decking market by Type (Wood Decking (Pressure-Treated Wood, Cedar, and Redwood), Metal Decking (Aluminium or Steel), Synthetic Teak Decking (PVC or Cork/Rubber) and Others), Application (Cruise ships, Riverboats, Motor Yacht and Others) and Region.
On the basis of geography, the market of Marine Decking has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Mounting, the sub-segment i.e. Exterior will boost the Marine Decking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Color, the sub-segment i.e. Grey will boost the Marine Decking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Backing Material Type, the sub-segment i.e. Fiberglass will boost the Marine Decking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Teak Decking Size, the sub-segment i.e. 1/2 x 17/8″ Battens will boost the Marine Decking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Light-weight and non-slippery decking materials offer greater resistance to ultra-violet light and possesses excellent strength and durability. and Natural antimicrobial and insecticide substances cause an excellent natural anti-rot and weathering resistance.
Market Growth Drivers:
Growing demand for aesthetics in recreational boats and marina from ship owners and high performance, durable, and considerable resistance against water, and UV light property of material has propelled the demand for marine decking solutions. and Durability, and Low Maintenance of Wood Decking owing to its Natural Ruggedness
Challenges:
Decks are subject to extreme stresses, which can cause shrinkage and Selection of Right Material for Specific Decking Applications
Restraints:
High Cost of Marine Flooring and Deck Coverings and Need Regular Maintenance of Floorings and Deck Coverings
Opportunities:
Increasing Demand of Wood Decking Owing To Environment and Eco-Friendly Properties and More Construction of Ships and Boats for Travel & Tourism
Market Leaders and their expansionary development strategies
On September 24, 2019, Flexiteek International, the global leader in synthetic teak decking and 2G technology, has announced its successful acquisition of Wilks, the manufacturer and supplier of Dek-King, the high-quality synthetic teak decking, and marine fendering.
In September 2022, Beautiful Marine Floors has launched an exterior composite cork product in response to greater interest in environmentally sustainable products compared to plastics and teak hardwoods. and Composite cork is a durable, non-slip deck covering with excellent eco-credentials that only require a little annual maintenance. Annual teak oil staining ensures a teak effect appearance.
Key Target Audience
Marine Deck Manufacturers, Raw Material Suppliers, Ship-Owners and Shipyards, Boat and Yacht Designers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.