Marine Fender - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Marine Fender Market is accounted for $670.00 million in 2018 and is expected to reach $1,048.33 million by 2027 growing at a CAGR of 5.1% during the forecast period. Some of the key factors influencing the market growth include high demand for minimum test and inspection procedures, expansion of seaborne trade, the emerging trend of leasing ports and their infrastructure development. However, the supply of inferior quality fenders hampers the growth of the marine fender market
Marine fenders play an important role in maritime infrastructure to protect ships and berth structures from damage. These fenders are designed to impart safety to the port and vessels against a collision with other vessels. Marine fenders are important to prevent loss to the body of boat or ship. These are used between marine vessels and docking structures to prevent damage during berthing.
Based on the fender, the rubber fender segment is expected to have a lucrative growth during the forecast period, owing to the high life expectancy of rubber fenders, availability of raw materials in adequate amount and high demand for cone and cell fenders. However, rubber is a conventional material that is used for manufacturing marine fenders, and thus, the high popularity of this material is likely to drive the market for rubber fenders.
By Geography, the Asia Pacific region has a huge demand due to the availability of natural rubber in an adequate amount in the region and expansion of ports in the ASEAN region and China as a result of a rise in trade. Moreover, Asia Pacific comprises developing economies that are focusing on strengthening their economies through international trade, thus investing large sums in port development, which is leading to the high demand for marine fenders in the region.
Some of the key players in global Marine Fender market are Max Groups Marine Corporation, Anchor Marine & Supply, Inc., Qingdao Jier Engineering Rubber Co., Ltd., Bridgestone Corporation, Lalizas, Marine Fenders International, Inc., Doshin Rubber Products (M) Sdn. Bhd, Lankhorst Recycling Products, Eltech Rubber (India) Pvt. Ltd., Sinochem Group Co., Ltd., Macelroy Company, Inc., Qingdao Tiandun Rubber Co., Ltd., James Fisher And Sons Plc, Shibata Industrial Co., Ltd, Sumitomo Rubber Industries Ltd., Trelleborg Ab, Thai Rubber Corporation, Von Bundit Co., Ltd., Yantai Defender Maritime Co., Ltd., Urethane Products Corporation, and Yokohama Rubber Co., Ltd
• Face Pads
• Mounting Structure
• Other Components
• HALO Fenders
• Tug Fenders
• Other Fenders
Manufacturing Processes Covered:
• Other Manufacturing Processes
• Naval Vessels
• Commercial Vessels
• Other Applications
End Users Covered:
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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