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Marine Fender Market 2022 - 31 | Industry Share, Size, Growth

06-20-2022 12:01 PM CET | IT, New Media & Software

Press release from: Transparency Market Research

Marine Fender Market 2022 - 31 | Industry Share, Size, Growth

The value of global marine fender market stood at US$ 676.53 Mn in 2021. The global market is estimated to expand at a CAGR of 3.28% during the forecast period, from 2022 to 2031. The global marine fender market is likely to attain valuation of US$ 934.66 Mn by 2031. The rising popularity of charter/private cruises for different events, leisure activities, and tourism is bolstering the shipbuilding industry and raising the need for ports fenders or dockyard fenders throughout the world, which is expected to drive demand for marine fenders.

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Suppliers, manufacturers, and dealers of marine fenders are expanding their offerings to include marine cell fenders and marine arch fenders. Marine cell fenders with excellent energy absorption and even impact dispersion are becoming increasingly popular. Marine arch fenders are widely utilized to provide dependable as well as hassle-free service for a wide range of berths, even in the harshest of situations.

In 2021, North America and Europe each had a significant part of the global market, with 9.01 % and 20.14 %, respectively. The most common end-use application for maritime fenders in these regions is expected to be their usage in the dockyard.

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Key Findings of Market Report

In 2021, the mounting structure category led the global marine fender market, accounting for 33.09% of the global marine fender market. Fenders with mounting structures are frequently utilized, and this segment accounts for a large portion of the global market.

In 2021, the rubber marine fender segment accounted for approximately 85% of the marine fender market. The category is expected to continue its leadership position in the market in the forthcoming years. Marine Fender Manufacturers, Suppliers & Dealers prefer rubber marine fenders owing to their flexibility and great life expectancy, both of which are necessary to resist the force delivered to the port's mooring. Marine fenders made of rubber can withstand strong pressure loads from ships.

The marine fender market is expected to be driven by an increase in demand for seaborne commerce operations. The tightening of port restrictions and growing foreign trade are to blame for this growth. The growing tendency toward leasing ports, as well as measures to improve infrastructure, are likely to create future business opportunities in marine fenders. Moreover, the expansion of existing as well as active ports is expected to boost demand for marine fenders.

How Marine Fender Market will recover after covid19 - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=37565

Global Marine Fender Market: Growth Drivers

Top Marine Fender Manufacturers are working on new pneumatic fenders to meet the challenges and concerns that arise during crude oil transportation. In order to reduce oil leak mishaps, manufacturers are producing strong fenders that fulfil both quality and safety criteria.
In 2021, Asia Pacific accounted for 62.83 % of the global marine fenders market. In Pacific Region, China accounted for a significant share of the global market. China handles most of the cargo through seaports, owing to the country's burgeoning industrial and agriculture industries. Furthermore, China's marine fender manufacturers and suppliers are likely to dominate the regional market.

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Global Marine Fender Market: Key Players

Some of the key market players are

Sumitomo Rubber Industries, Ltd.
James Fisher and Sons plc
The Rubber Company
MacElroy Company, Inc.
Sri Trang Agro-Industry Plc.
Max Groups Marine Corporation

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Global Marine Fender Market: Segmentation

Fender Type

Rubber
Foam
Pneumatic
Timber
Others

Component

Mounting Structure
Face Pad
Others

Browse Latest Automotive & Transport Market Research Reports by TMR:

Pneumatic Marine Fender Market - https://www.transparencymarketresearch.com/pneumatic-marine-fender-market.html

Rubber Marine Fender Market - https://www.transparencymarketresearch.com/rubber-marine-fender-market.html

Automotive Anti-vibration Mounting Market - https://www.transparencymarketresearch.com/automotive-anti-vibration-mounting-market.html

Automotive Garage Equipment Market - https://www.transparencymarketresearch.com/automotive-garage-equipment-market.html

Automotive Display System Market - https://www.transparencymarketresearch.com/automotive-display-system-market.html

Automotive Thermal System Market - https://www.transparencymarketresearch.com/automotive-thermal-system-market.html

Automotive Headliner (OE) Market - https://www.transparencymarketresearch.com/automotive-headliner-market.html

Agricultural Trailer Market - https://www.transparencymarketresearch.com/agricultural-trailer-market.html

Contact Us:

Rohit Bhisey
Transparency Market Research Inc.
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About Transparency Market Research

Transparency Market Research is a global market research reports company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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