Marine Fender Market to Reach a Value of ~US$ 880 Mn by 2027

Pneumatic fenders are emerging as low-cost and low-maintenance alternatives to conventional marine fenders. Their self-floating and long-lasting durability is gaining prominence in ship-to-ship (STS) transfers and ship-to-berthing (STB) operations. As such, manufacturers in the marine fender market are striving to develop technologies that support its easy-to-deploy and efficacious energy-absorption attributes.

The global marine fender market for the forecast period of 2019–2027. According to the report, the global marine fender market is projected to reach a value of ~US$ 880 Mn by 2027, expanding at a CAGR of ~3% during the forecast period.

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Marine Fender Market: Research Methodology

This TMR report on the marine fender market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. The competitive scenario of the marine fender market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data, current trends, and developments in international seaborne trade, researchers of the marine fender market have arrived at predictions and estimations, and calculated the forecasts for the market.

This report uses an analytical triangulation method to estimate the numbers and figures of the marine fender market, with both bottom-up and top-down approaches.

This detailed assessment of the marine fender market, along with an overview of the landscape, is provided based on careful examination of the avenues related to this industry. Analysts’ conclusions on how the marine fender market is expected to grow are based on carefully-vetted primary and secondary sources.

Global Marine Fender Market: Segmentation

This report on the marine fender market provides information on the basis of fender, component, manufacturing process, ownership, end use, and region.