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.

Gaithersburg, Maryland United States - December 2, 2019 /MarketersMEDIA/ —

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

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