$807+ Million Global Dock Fender Market is Expected to Grow at a CAGR of over 3.1% During 2022-2028 | Vantage Market Research
WASHINGTON, July 26, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Dock Fender Market finds that the increasing demand for seaborne trade activities expedites market growth. Primarily driven by the rising adoption of advanced technologies. The Global Market revenue was valued at USD 672.1 Million in 2021.The Global Dock Fender Market size is forecasted to reach USD 807.2 Million by the year 2028 and is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period; states Vantage Market Research, in a report, titled “*Dock Fender Market Size, Share & Trends Analysis Report by Product Type (Extruded Fender, Moulded Fender, Foam-Filled Fender, Pneumatic & Hydro-Pneumatic Fender), by End Use (Naval Ports, Container Ports, Oil and Gas Ports, Cargo Ports), by Sales Channel (Line Fit, Retro Fit), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)**”*.
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*Key Insights & Findings from the Report:*
· According to our primary respondents’ research, the Dock Fender market is predicted to grow at a CAGR of roughly 3.1% during the forecast period.
· The Dock Fender market was estimated to be worth roughly USD 672.1 Million in 2021 and is expected to reach USD 807.2 Million by 2028; based on primary research.
· On the basis of region, Asia Pacific is projected to dominate the worldwide Dock Fender market. *Market Dynamics*:
*Drivers:*
*New Developments in Fender Models to Stimulate the Market Growth*
Players active in the market are developing new pneumatic fenders to address the difficulties and problems between boats during crude oil transportation. Manufacturers are developing rugged fenders that meet safety and quality standards to prevent oil spills. Boat fender manufacturers are focusing on developing new and innovative boat fender materials to improve their market position. For example, in December 2017, Yokohama Rubber, a leading manufacturer of marine fenders, developed a floating pneumatic rubber fender with a diameter of 6 meters for use in offshore cargo operations. In addition, it can also be used to construct large offshore structures to increase safety. Further, market participants are developing innovative foam fenders that help minimize spills and accidents. Sales and production of foam fenders are growing due to durability, recovery rate, and long life when using salt water.
*Surge in Demand for Seaborne Trade Activities to Hamper the Growth of the Market*
The increase in demand for seaborne trade activities is expected to augment the growth of the Dock Fender Market during the forecast period. This growth can be ascribed to tighter port rules and more significant international trade. In addition, the growing trend of leasing ports and attempts to improve infrastructure are driving up demand for marine fenders. Furthermore, the growth of active and existing ports is expected to boost the marine fender market throughout the forecast period. In addition, an increase in sea transportation operations for petroleum product export and import is expected to increase the utilization of marine vessels and drive demand for marine fenders throughout the forecasted timeframe. Furthermore, rising safety concerns are projected to drive demand for dock fenders globally.
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*Segmentation of the Global Dock Fender Market:*
· Product Type
· Extruded Fender
· Moulded Fender
· Foam-Filled Fender
· Pneumatic & Hydro-Pneumatic Fender
· Composites Fender
· End-Use
· Naval Ports
· Container Ports
· Oil & Gas Ports
· Cargo Ports
· Sales Channel
· Line Fit
· Retro Fit
· Region
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
*Read Full Research Report @ *https://www.vantagemarketresearch.com/industry-report/dock-fender-market-1718
*COVID-19 Impact Analysis:*
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the energy & power industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
1. Impact Assessment of COVID-19 Pandemic
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East & Africa
2. Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
3. Key Strategies Undertaken by Companies to Tackle COVID-19
4. Long Term Dynamics
5. Short Term Dynamics
*The report on Dock Fender Market highlights:*
· Assessment of the market
· Premium Insights
· Competitive Landscape
· COVID Impact Analysis
· Historic Data, Estimates, and Forecast
· Company Profiles
· Global and Regional DynamicsBrowse market data Tables and Figures spread through 142 Pages and in-depth TOC on "Dock Fender Market Size, Share & Trends Analysis Report by Product Type (Extruded Fender, Moulded Fender, Foam-Filled Fender, Pneumatic & Hydro-Pneumatic Fender), by End Use (Naval Ports, Container Ports, Oil and Gas Ports, Cargo Ports), by Sales Channel (Line Fit, Retro Fit), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)".
*Regional Analysis*:
*North America Dominated the Global Dock Fender Market*
North America held the largest shares in 2021 and is likely to continue the same trend during the forecast period. China is regarded as the world's top exporter and handles the most cargo through seaports, mostly due to the country's thriving manufacturing and agricultural sectors. Additionally, a sizable presence of Chinese marine fender suppliers and manufacturers is also anticipated to support the market's growth in the region. Also, the western parts of China are experiencing rapid development, driving the demand for goods for international shipping.
*List of Prominent Players in Dock Fender Market:*
· Dock Fender International Inc.
· Trelleborg AB
· Goodyear Tire & Rubber Company
· Shibata Fender Team Group
· Qingdao Tiandun Rubber Co. Ltd.
· Prosertek Group S.L.
· Bridgestone Corporation
· Urethane Products Corporation
· Fender Tec
· MAX GROUPS MARINE CORPORATION.
· Malcorp
· Yokohama Rubber Company
· Technix Rubber & Plastics Ltd
· Fender Dock Construction
· Schuyler Companies*Recent Developments: *
*October 2019:* The fenders that Fendercare Marine and Yokohoma successfully produced matched the US Navy's specifications for having a diameter between six and seven meters and the capacity to withstand low pressure. The fender complies with ISO 17357 and is 6.8 meters tall and 12.7 meters long. It is built to survive harsh weather conditions, including temperatures as low as -50°C, without suffering any performance degradation.
*Key questions answered in the report: *
· Which regional market will show the highest and rapid growth?
· Which are the top five players of the Dock Fender Market?
· How will the Dock Fender Market change in the upcoming six years?
· Which application and product will take a lion’s share of the Dock Fender Market?
· What is the Dock Fender market drivers and restrictions?
· What will be the CAGR and size of the Dock Fender Market throughout the forecast period?
This market titled “Dock Fender Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
*Parameter* *Details*
Market Size Provided for Years 2016-2028
Base Year 2021
Historic Years 2016-2020
Forecast Years 2022-2028
Segments Covered • Product Type
• Extruded Fender
• Moulded Fender
• Foam-Filled Fender
• Pneumatic & Hydro-Pneumatic Fender
• Composites Fender
• End-Use
• Naval Ports
• Container Ports
• Oil & Gas Ports
• Cargo Ports
• Sales Channel
• Line Fit
• Retro Fit
• Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & AfricaRegion & Counties Covered • North America
• U.S.
• Canada
• Mexico
• Europe
• U.K
• France
• Germany
• Italy
• Spain
• Rest Of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• South East Asia
• Rest Of Asia Pacific
• Latin America
• Brazil
• Argentina
• Rest Of Latin America
• Middle East & Africa
• GCC Countries
• South Africa
• Rest Of Middle East & Africa
Companies Covered • Dock Fender International Inc.
• Trelleborg AB
• Goodyear Tire & Rubber Company
• ShibataFender Team Group
• Qingdao Tiandun Rubber Co. Ltd.
• Prosertek Group S.L.
• Bridgestone Corporation
• Urethane Products Corporation
• FenderTec
• MAX GROUPS MARINE CORPORATION.
• Malcorp
• Yokohama Rubber Company
• Technix Rubber & Plastics Ltd
• Fender Dock Construction
• Schuyler Companies
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis,
PEST analysis, value chain analysis, regulatory landscape, technology landscape,
patent analysis, market attractiveness analysis by segments and North America,
company market share analysis, and COVID-19 impact analysis
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