16-Sep-2020 | Facts and Factors
Findings from Facts and Factors report “Pneumatic Fenders Market By Type (Rubber Mat-Wire Net, Tire-Chain Net, and Fiber Net); By Application (Ports, Ships, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global pneumatic fenders market in 2019 was approximately USD 265.0 Million. The market is expected to grow at a CAGR of 3.8% and is anticipated to reach around USD 340.63 Million by 2026.
Pneumatic fenders are used to protect the outer body of the ship from damage during docking or berthing. Without marine fenders, collisions between ship to ship or port while berthing or steer closer to wharf may lead to significant damage to the body frame of the ship. These types of marine fenders are lighter in weight and more efficient for ship-to-ship transfer operations, ship to jetty applications for their self-floating capability, and long-lasting durability. This pneumatic type marine fender is emerging due to easy deployment, cost-effective, and requires low maintenance. The pneumatic fenders manufacturers are striving to develop technologies that support their energy-absorption attributes, which are easy to install and efficient. It is being extensively used by large tankers, bulk carriers, LPG vessels, ocean platforms, large docks, harbor and wharfs.
Browse the full “Pneumatic Fenders Market By Type (Rubber Mat-Wire Net, Tire-Chain Net and Fiber Net); By Application (Ports, Ships, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/pneumatic-fenders-market-by-type-rubber-mat-wire-1317
The demand for marine transportation and marine equipment has significantly increased over the past few years owing to rising trade between countries all across the globe. Ships and ports are increasingly growing in number, which is a significant influencing the adoption of maritime fenders on ports and ships due to safety concerns. Pneumatic fenders are the having numerous advantages such as large energy capacity, low reactive force, ability to adapt curved hull surfaces & angled berthing, and easy to deploy. Despite of having certain benefits, foam filled fender are being preferred over pneumatic fenders. In terms of energy absorption, foam fenders perform much more efficiently than pneumatic fenders.
The global pneumatic fenders market has been segmented into type and applications. The type has been segmented into rubber mat-wire net, tire-chain net, and fiber net. The tire chain net protective type holds the major market share among the other types is owing to its long-lasting capability. The application has been bifurcated into ports, ships, and others. The ships accounted the highest market share in 2019. It is due to the rise in globalization that has increased trade activities across worldwide. For an instance, in March 2019, Italy signed an agreement with China to develop trade infrastructure. Thereby, such initiatives taken by the countries are expected to increase the demand for the pneumatic fender market.
On the basis of geography, the market has been analyzed into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2019, China in the Asia Pacific region dominated the global pneumatic fenders market owing to rapid industrialization and rising focus on infrastructure developments. It is due to the huge presence of a large number of pneumatic fenders. Moreover, increasing trade activities in this region is also accelerating the demand for pneumatic fenders. Furthermore, the establishment of automated terminals will escalate the marine fender demand over the study timeframe.
Some of the essential players operating in the global pneumatic fenders market, but not restricted to include Trelleborg Marine and Infrastructure, PALFINGER AG, ShibataFenderTeam AG, THE YOKOHAMA RUBBER CO., LTD., Qingdao Jier Engineering Rubber Co., Ltd., Shandong Nanhai Airbag Engineering Co., Ltd, Qingdao Evergreen Maritime Co., Ltd, Qingdao Tiandun Rubber Co., Ltd, Sumitomo Rubber Industries, Ltd., ANCHOR MARINE & SUPPLY, INC., and IRM Offshore and Marine Engineers Pvt. Ltd. among others.
This report segments the global pneumatic fenders market as follows:
Global Pneumatic Fenders Market: By Type Segmentation Analysis (Customizable)
Global Pneumatic Fenders Market: By Application Segmentation Analysis (Customizable)
Global Pneumatic Fenders Market: Regional Segmentation Analysis (Customizable)
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