A recent report published by Infinium Global Research on the marine fender market provides an in-depth analysis of segments and sub-segments in the global as well as regional marine fender market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional marine fender market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global marine fender market. According to the report, the global marine fender market is projected to grow at a CAGR of 3.2% over the forecast period of 2019-2025.

Market Insight

Marine 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. Companies operating in the global marine fender market are focusing on technological development and new product launches that promote innovations. The key players in the global marine fender market are adopting strategic mergers and acquisitions that expand their market share.

The increasing demand for minimum test and inspection procedures drives the growth of the marine fender market. Marine fenders are of vital importance in the maritime infrastructure. It protects ships and berth structures from damage. The rising shipbuilding industry in developing economies contributes to the growth of the marine fender market. The growing import and export activities and improvement in port infrastructure promote the growth of the marine fender market. On the other side, the supply of inferior quality fenders hampers the growth of the marine fender market. Moreover, technological development encourages new product launches that create novel opportunities for the growth of the marine fender market.

Based on geography, the global marine fender market is segmented into North America, Asia-Pacific, Europe, and the Rest of the World. North America held the largest market share in the global marine fender market. Asia-Pacific region is anticipated to grow fastest in the global marine fender market with a healthy CAGR over the forecast period. The rising shipbuilding industry and a high level of import and export activities in China stimulate the growth of the Asia-Pacific region. Europe is anticipated to grow with a considerable rate in the global marine fender market. The increasing number of mergers and acquisitions in Europe contributes to market growth.

Segment Covered

The report on the global marine fender market covers segments such as fender, component, manufacturing process, and end-use. On the basis of the fender, the sub-markets include rubber, foam, timber, pneumatic, and other fenders. On the basis of component, the sub-markets include face pad, mounting structure, and other components. On the basis of the manufacturing process, the sub-markets include molding, extrusion, and other manufacturing processes. On the basis of end-use, the sub-markets include dockyard, and ships.

Companies Profiled:

The report provides profiles of the companies in the market such as Yokohama Rubber Co, Ltd., Trelleborg AB, The Rubber Company Ltd., Longwood Industries Inc., Urethane Products Corporation, James Fisher and Sons Plc, Prosertek Group S.L., Bridgestone Corporation, Eltech Rubber Pvt. Ltd., Anchor Marine & Supplies Pte Ltd., and other companies.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the marine fender market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.