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Market Overview of Global Maritime Fenders market:
According to our latest research, the global Maritime Fenders market looks promising in the next 5 years. As of 2022, the global Maritime Fenders market was estimated at USD 822.6 million, and it's anticipated to reach USD 1022.08 million in 2028, with a CAGR of 3.69% during the forecast years.
Maritime Fenders (Marine Fenders) are a type of marine equipment that are used to prevent boats, ships and other naval vessels from colliding against each other or against docks, wharves and piers. In other words, marine fenders can be simply termed as a marine bumper.
Impact of COVID-19
With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises.
Affected by the COVID-19 epidemic, the unemployment rate has risen sharply. Before the outbreak, the unemployment rate of the world's major economies was at a historically low level. After the outbreak in early 2020, unemployment rates in many countries have risen sharply. In the fall and winter of 2020, the global epidemic rebounded. After experiencing a slight improvement in the spring and summer of 2021, the autumn and winter epidemics in 2021 rebounded again. The global epidemic may have a cyclical pattern in time in the short term. The global unemployment situation is more severe than before the outbreak. Take the United States as an example: The Federal Reserve estimates that millions of Americans have lost their jobs due to the coronavirus crisis. In April 2020, the unemployment rate in the United States reached a historical peak, with an unemployment rate of 14.7%. As the epidemic improves, the unemployment rate also drops. It is gradually improving, but the overall data is still higher than before the epidemic. According to data from the US Department of Labor, in December 2021, the US unemployment rate was 3.9%, and the number of unemployed was 6.3 million. During the epidemic, the company also needs to bear the cost of purchasing protective equipment for employees during work.
Market Drivers
Water transportation is an indispensable part of the entire transportation network. From the perspective of the earth's land and water distribution, about 70% of the water area makes water transportation an extremely important part of transportation. Governments are also paying more and more attention to this aspect. For example, in China, the "14th Five-Year Plan" clearly pointed out that the state encourages the development of railway and waterway combined transportation, and increases the proportion of container railway and waterway combined transportation. It is expected that by 2025, the development level of intermodal transportation will be significantly improved, and a development pattern in which the medium and longdistance transportation of bulk cargo and containers will be dominated by railways and waterways will be formed, the container rail and waterway combined transport volume increased by more than 15% annually. Therefore, the increase in water freight volume will also drive the market demand for Maritime Fenders to grow.
The ship must be close to the dock and another ship during the voyage to load and unload supplies and people on board. A large amount of energy is transferred during the collision; this can be fatal to those on board and cause damage to the ship, dock and adjacent objects. On the one hand, Maritime Fenders prevent the bow or hull from colliding with another boat. During berthing, the first contact with the pier is usually inclined. It can put a lot of pressure on the dock and the surface of the boat. In the case of a typical solid rubber fender, the energy absorption reduces the striking force considerably. Therefore, use sturdy rubber fenders for maximum strength and protection. On the other hand, in extreme weather conditions, the wave action is severe; the mooring process becomes more complicated due to the imbalance between the upper and lower ends. However, the flexible contact area and deflection
Region Overview:
From 2023-2028, Asia-Pacific is estimated to witness robust growth prospects.
Company Overview:
Trelleborg is one of the major players operating in the Maritime Fenders market, holding a share of 11.80% in 2022. In ship systems and infrastructure solutions, Trelleborg Ships and Infrastructure has more than 40 years of experience in providing infrastructure, advanced ship fenders, oil and gas transportation, ship performance solutions, docking and mooring, surface buoyancy, and service and support. Trelleborg works with specification setters on a project-by-project basis to determine the most appropriate solution and provide a fully integrated system to meet the most demanding specifications. Whether the project requires equipment for a single berth or the entire port, the internal design is combined with manufacturing and installation expertise to ensure maximum operational performance and minimize long-term maintenance - keeping full life cycle costs low.
Sumitomo Rubber is a global tire and Rubber company based in Japan. The company produces a wide range of Rubber products, including automobile tires, Rubber Fender.
Segmentation Overview:
Among different product types, Solid Rubber Fenders segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Berthing Structures segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Maritime Fenders market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Maritime Fenders Market Report:
Market Size Estimates: Maritime Fenders market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Maritime Fenders market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Maritime Fenders market
Segment Market Analysis: Maritime Fenders market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Maritime Fenders market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Maritime Fenders Market: Revenue and sales volume of major countries in each region
Maritime Fenders Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Maritime Fenders market in major regions.
Maritime Fenders Industry Value Chain: Maritime Fenders market raw materials & suppliers, manufacturing process, distributors, downstream customers
Maritime Fenders Industry News, Policies & Regulations
Key players in the global Maritime Fenders market are covered in Chapter 12:
Evergreen
Taihong
Sumitomo Rubber
Jiangsu Shelter
Trelleborg
JIER Marine
IRM
Palfinger
Shandong Nanhai Airbag Engineering
Wabtec
Yokohama
Qingdao Tiandun
ShibataFenderTeam
In Chapter 2 and Chapter 15.1, based on types, the Maritime Fenders market from 2018 to 2028 is primarily split into:
Solid Rubber Fenders
Pneumatic Fenders
Foam Fenders
Others
In Chapter 3 and Chapter 15.2, based on applications, the Maritime Fenders market from 2018 to 2028 covers:
Berthing Structures
Ships
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Maritime Fenders market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028