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MarketersMEDIA / Newsroom / Global Marine Fender Market is expected to reach $1,048.33 million by 2027 growing at a CAGR of 5.1% during 2018 to 2027.

Global Marine Fender Market is expected to reach $1,048.33 million by 2027 growing at a CAGR of 5.1% during 2018 to 2027.

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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, Sumitomo Rubber Industries Ltd., Trelleborg Ab, Thai Rubber Corporation, and Yokohama Rubber Co., Ltd

— 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

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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.

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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.

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Components Covered:
• Face Pads
• Mounting Structure
• Other Components

Fenders Covered:
• Pneumatic
• Timber
• HALO Fenders
• Foam
• Tug Fenders
• Rubber
• Other Fenders

Ownerships Covered:
• Private
• Public

Manufacturing Processes Covered:
• Extrusion
• Molding
• Other Manufacturing Processes

Applications Covered:
• Naval Vessels
• Commercial Vessels
• Other Applications

End Users Covered:
• Ports
• Dockyards
• Ships
• Barges
• Tugs
• Ferries
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com/

Source URL: https://marketersmedia.com/global-marine-fender-market-is-expected-to-reach-104833-million-by-2027-growing-at-a-cagr-of-51-during-2018-to-2027/88936805

Source: MarketersMedia

Release ID: 88936805

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