Automotive & Transportation Market Insights Watertight Doors Market | Page 4

Watertight Doors Market Analysis
Watertight doors market witnessed sales of nearly 77,570 units in 2018 and is poised to grow at an impressive
y-o-y of over 5.5% through 2028. Buoyancy of the global watertight doors market can be attributed to-
• Optimistic outlook of coastal and marine tourism
• Surging rate of ocean based activities
• Rising focus on ship repair and maintenance
• Flourishing seaborne transportation and trade
Federal initiatives to promote marine safety have worked in favor of high-scale production of marine
components, such as watertight doors. For instance, the Government of Canada is introducing additional
measures for enhancement of navigation safety and emergency response in the Canadian waters. The measures
were presented in the form of an official announcement and acknowledged as a part of Canada’s ‘Oceans
Protection Plan’.
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On 14th June 2018, the U.S. Coast Guard announced two workforce initiatives in line with the ‘Marine Safety
Program’. Particulars as such provide enough credence to the promising outlook of watertight doors market in
2019 and beyond.
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