Marine Fender Market to Witness an Outstanding Growth during 2019 - 2027

Transparency Market Research has published a new report on the global marine fender market for the forecast period of 2019–2027. According to the report, the global marine fender market is projected to reach a value of ~US$ 880 Mn by 2027, expanding at a CAGR of ~3% during the forecast period.

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Global Marine Fender Market: Key Findings

- According to the report, the global marine fender market is likely to be driven by the expansion of international trade and increasing port terminals in major developing nations.
- Stringency of regulatory norms for seaborne trade is one of the prominent factors responsible for the expansion of the global marine fender market.
- Rubber fenders are key fender types, and this segment is likely to hold a noteworthy share of the global marine fenders market during the forecast period. However, there has been a rise in the popularity of foam and pneumatic fenders in the market.

Major Key Players of the Marine Fender Market are:
ANCHOR MARINE & SUPPLY, INC., Bridgestone Corporation, INMARE, J.C. MacElroy Company, Inc., Lalizas Italia s.r.l., MARINE FENDERS INTERNATIONAL, INC., Trelleborg Marine Systems, SHIBATA INDUSTRIAL CO., LTD., THE YOKOHAMA RUBBER CO., LTD., Sumitomo Rubber Industries, Ltd., and Urethane Products Corporation.

Expansion of Global Marine Fender Market

- North America and Europe are witnessing an expansion of manufacturing, raw materials, electronics, oils & chemicals, agriculture, and textiles & apparel industries, which is driving their economic development. Moreover, the transportation of products and goods by means of waterways plays an integral role, as this mode of transport is cost-effective and energy-efficient as compared to other modes.
- Booming industrialization and globalization led to the expansion of existing vessel ports and harbors in order to enhance the capacity of cargo transportation. Moreover, new vessel terminals are being developed by various developing nations, owing to the rise in bilateral trade, which is driving the market for marine fenders.
- In 2017, global seaborne trade witnessed a significant 4% growth, the fastest in the past five years. It is projected to grow at a considerable rate of ~4% in the near future. Moreover, a surge in imports and exports is anticipated to aid in the development of vessel terminals and ports. This is estimated to boost the global marine fender market.

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Global Marine Fender Market: Segmentation

The global marine fender market has been segmented as follows:

Marine Fender Market by Fender

· Rubber

· Cell Type

· Cone Type

· Arch Type

· Cylindrical Type

· D-Fenders

· Others

· Foam

· Pneumatic

· Timber

· Others

Marine Fender Market by Component

· Mounting Structure

· Face Pads

· Others

Marine Fender Market by Manufacturing Process

· Molding

· Extrusion

· Others

Marine Fender Market by Ownership

· Public

· Private

Marine Fender Market by End Use

· Dockyards

· Ships

Research objectives:-

– To study and analyze the global Marine Fender consumption (value & volume) by key regions/countries, product type and application, history data.

– To understand the structure of the Marine Fender market by identifying its various sub-segments.

– Focuses on the key global Marine Fender manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.

– To analyze the Marine Fender with respect to individual growth trends, future prospects, and their contribution to the total market.

– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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