Marine Fenders Market Share, Size, Trends, and Forecast by 2031

MARKET OVERVIEW

The marine fenders or marine bumpers are used to prevent ships, boats, and other naval vessels from collision against each other or against docks. Marine fenders are often made up of rubber, foam, or composites and are fitted on ships and docks. A rise in the import-export activities and increasing demand for seaports and ships and boats are positively influencing the demand for marine fenders. Market manufacturers are seen adopting various strategies to improve their market share during the forecast period.

MARKET SCOPE

The "Global Marine Fenders Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of marine fenders market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading marine fenders market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   The global marine fenders market is segmented on the basis of type and application.
  
•   Based on type, the market is segmented as pneumatic fenders, foam fenders, and solid rubber fenders.
  
•   On the basis of the application, the market is segmented as ships, dock, and others.
  

MARKET DYNAMICS

Drivers:

•   Development of maritime infrastructure and a rise in global sea trade.
  
•   Increasing demands of ships and boats are further promoting market growtH
  

Restraints:

•   Owing to their deteriorating quality when they come in contact with saline water.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Pedelec market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Pedelec market in these regions.

IMPACT OF COVID-19 ON PEDELEC MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the Pedelec market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Pedelec market market are anticipated to lucrative growth opportunities in the future with the rising demand for Pedelec market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Pedelec market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Anchor Marine Plastics (International Marine Holdings)
  
•   Bridgestone Corporation
  
•   Evergreen Maritime Co., Ltd.
  
•   IRM Offshore and Marine Engineers Pvt. Ltd.
  
•   Prosertek Group S.L
  
•   Qingdao Jier Engineering Rubber Co., Ltd.
  
•   The Yokohama Rubber Co., Ltd.
  
•   Trelleborg AB
  
•   Wabtec Corporation
  
•   Yantai Taihong Rubber Co., Ltd
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Marine Fenders Report Scope