Global Pneumatic Marine Fender Market
Posted by mkashid on January 5th, 2021
Global Pneumatic Marine Fender Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 4.52% from 2019 to 2027, reaching nearly US$ XX Bn.
The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Global Pneumatic Marine Fender Market: Market Overview
Marine fenders are marine equipment that are used to prevent ships and boats from colliding against each other. In simple word, marine fender is termed as marine bumper. The pneumatic fenders are the ideal choice for port accessories and ship dealing. The pneumatic fenders are special equipment designed to minimize the risk of damage and safeguard cargo and people at the time of docking.
Global Pneumatic Marine Fender Market: Market Dynamics
Globalization and industrialization are the factors which increase trade between countries globally, also rising demand for marine transportation and marine equipment are contributing to the market growth. The expansion of existing seaports and development of new ports anticipated to drive the growth of the pneumatic marine fender market. Additionally, low maintenance requirement, easy to install, and good performance on inclined berthing are the major factors propelling the market. The trend of leasing ports and their developed infrastructure boosts the growth of the pneumatic marine fender market over the forecast period.
The pneumatic marine fender maintenance cost is low, but it requires periodically maintenance which hampers the market growth. The rubber marine fender is majorly used which also affect the demand of pneumatic marine fender. The disrupted supply-chain due to pandemic also hinders the growth of the market.
Global Pneumatic Marine Fender Market: Market Segmentation
The global Pneumatic Marine Fender market is segmented by Application, by Type, by End-users, and by region. The oil tank segment of application dominated the segment for pneumatic marine fender market during the forecast period, as oil tank ship is designed for the bulk transport of oil and its products. Increasing the size of ports in terms increase the demand of the marine fender, the ports segment is projected to have the higher growth rate in this segment. The ship segment also fuels the growth of the market as the demand of ships increases for transportation of goods between the countries.
Global Pneumatic Marine Fender Market: Regional Analysis
Asia Pacific is dominating the global pneumatic marine fender market due to industrialization and globalization. Expansion of ports in emerging nations such as China and India are contributing to regional growth. Developing nations of Asia Pacific are focusing on built-up their economies through international trade which fuel the growth of the global pneumatic marine fender market. Major players of pneumatic marine fender are present in this region, and so there is a higher demand of the marine equipment in this region. North America is likely to have steady growth in the pneumatic marine fender market.
The objective of the report is to present a comprehensive analysis of the Global Pneumatic Marine Fender Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
Global Pneumatic Marine Fender Market, by Application
• Bulk cargo carrier
• Sling type pneumatic fender
• Asia Pacific
• Trelleborg AB
For more information of visit:https://www.maximizemarketresearch.com/market-report/global-pneumatic-marine-fender-market/75368/
About Maximize Market Research:
Like it? Share it!
About the Authormkashid
Joined: January 1st, 2021
Articles Posted: 60
More by this author