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.
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.
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.
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
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.