Skip to main content

Marine Fender Market To Reach A Value Of ~US$ 880 Million By 2027

Marine Fender Market

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.

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.
 
Planning To Lay Down Future Strategy? Request Sample https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=37565

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.

Based on fender, the global marine fender market has been classified into rubber, foam, pneumatic, timber, and others. The rubber marine fender segment held a significant share of global market. However, foam and pneumatic fenders are gaining popularity due to their cost effectiveness and high life expectancy. Pneumatic fenders are a type of rubber fenders that are hollow and filled with air. These fenders are preferred in ship-to-ship transportation applications.
 
Curious? Request To Access Market Data Marine Fender Market

Regional Analysis of Global Marine Fender Market
In terms of region, the global marine fender market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific held the largest share of the global marine fender market in 2018, due to the presence of a large number of ports in China and the ASEAN region. Moreover, rise in international trade in China and Singapore is expected to boost the growth of the market for marine fenders during the forecast period, as increase in trade is likely to drive port authorities to expand port terminals.

Global Marine Fender Market: Key Players
Prominent players operating in the global marine fender market include 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.
 
More Trending Reports by Transparency Market Research –  
 
Labels:

Comments

Post a Comment

Popular posts from this blog

Internet of Things Testing Market: Latest Trends and Forecast Analysis up to 2025

The Internet of things (IoT) represents a giant network of interconnected devices or things that are embedded in the existing internet infrastructure. These things can include a variety of objects such as electronics devices, vehicles, equipment, sensors, and consumer appliances. The concept may signify the sharing of data and information with people and animals connected to the infrastructure in near-real time. The proliferation of connected devices and the soaring popularity of IoT among enterprises in developed and developing nations have led to the pressing need for  Internet of Things testing  mechanisms. Developing an effective IoT testing mechanism foregrounds evaluating key aspects such as compatibility and usability of the interconnected devices, security of the network, the connectivity, and overall performance of the system. Furthermore, enterprises implementing IoT should take into account the integration of new devices and technologies with the existing network. A number
Post a Comment
Read more

Low Power Display Market: Projection of Each Major Segment over the Forecast Period 2017 - 2025

  Low power display technology is treated separately from our modern world. High resolution displays with low power are considered by many consumers to represent the low power display technology. The development in optoelectronics and nanotechnology has changed the low power display market . The low power display market consumes of less power than plasma technologies and cathode ray tube (CRT). Low-power features have become essential for liquid crystal displays (LCDs) due to environmental concerns. The technology that saves energy by decreasing the power consumption of the backlight unit in a display panel is considered in in low power display technology.  A low refresh-rate technology was introduced in order to further minimize power consumption in the display panel. The low refresh-rate was achieved by employing oxide thin-film transistors (Ox-TFTs) with extremely low leakage currents. However, flicker may be visible due to the current leakage through the liquid crystal (LC
Post a Comment
Read more

Noise Suppression Components Market: Granular View of The Market from Various End-Use Segments

Noise suppression refers to the methods of reducing and eliminating the effects of unwanted and undesirable sound effects and electrical disturbances which occurs when the level of signal carrier is greater than the noise level. Noise causes intrusion in many electrical devices. However, there are rules to suppress noise, because noise which does not affect a particular electrical device may affect some other electrical device. Further, an electronic device is known as ‘emission’ if it is itself the source of unwanted noise and it is referred to as immunity if the concerned electronic device is the victim of unwanted noise. Electromagnetic interference (EMI) and electromagnetic compatibility (EMC) has made the issue of noise suppression important. Some of the examples of noise suppression components are electromagnetic interference suppression filter which is an electronic component which provides electromagnetic noise suppression techniques for electronic goods. The function of the e
Post a Comment
Read more