The global marine bollards market was valued US$ X.33 Bn in 2019 and is expected to reach US$ XX.7 Bn by 2027, at a CAGR of X.5% during a forecast period. Marine based transportation is expected to acquire 42 % market share and expected to show constant growth.
Marine bollards are small posts on the harbor or jetty generally famous to protect ship’s mooring lines. These give support to minimize the risk of unsolicited accidental events like marine bollard line failure, and hence lead to failure of the riser discharge of hydrocarbons. Oil tankers in the ship have superior bollards located amid various parts named cruciform bollards that can be used for backup supple tubes for shipment actions.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
Market Drivers and Restraints:
High thermal stability and durability of the bollard to fight against the challenging environment is increasing demand for marine bollards market. Growth in end-user industries large chain of prominent players likely to boost the market demand in near future. Each functioning zone experiences foremost encounters, like corrosion, constant fatigue loads, tropical cyclones, and other as marine bollards have ability to compete against such factor is leading the market demand in terms of value and volume. Technological advancement and governmental supports the domestic waterway systems and size development along with the building of fresher seaports is another market influencing factor in the ship bollards sub segment. Evolving new technological inventions are developing so as to introduce cost-efficient solutions for marine bollards. Cheaper and affordable rate of the system comparing with railways and highways together with huge popularity is attracting the vendors to invest in the market is positively influencing the global marine bollards market in terms of value and volume. Presence of various bollard type such as, twin horn bollard, kidney bollards, pillar bollards and tee head bollard plays crucial role as per need is augmenting the demand for marine bollards.
Moreover, the availability of prominent substitute and safety issues related with the application is expected to hinder the market.
Marine Bollards Market Segment analysis:
In terms of type, tee bollard has documented the largest marine bollards type segment in 2019 and this development is expected to last over the next seven years, because of high use in the production of marine bollards. Properties like great compact high strength, ability to bear load over 10-300 tone, superiority for cable positions and many more is making this type prominent in the production of marine bollards. Furthermore, this tee type is commonly used for management high line angles on multi-purpose moorings.
Marine Bollards Market Regional Analysis:
Regionally, Asia Pacific is expected to dominate the marine bollards market and is expected to grow at a CAGR of XX % during the forecast period. Developing regions like India, China, and Japan are considered the major contributors for the marine bollards market growth in the Asia Pacific region. In 2019 market size was valued US$ XX Bn while in China, market size was valued US$ XX Bn and expected to increase by US$ XX Bn in coming years.
The objective of the report is to present a comprehensive analysis of the Global Marine Bollards Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Marine Bollards Market dynamics, structure by analysing the market segments and project the Global Marine Bollards Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Marine Bollards Market make the report investor’s guide.
Scope of Marine Bollards Market
Global Marine Bollards Market, By Type
• Tee Bollards
• Horn Bollards
• Cleat Bollards
• Kidney Bollards
• Pillar Bollards
Global Marine Bollards Market, By Applications
• Coastal & Harbor
• Inland Waters
Global Marine Bollards Market, By Region
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Marine Bollards Market,
• Fendercare Marine
• Walcon Marine
• Australia Bollards
• Max Group
• Zalda Technology
• Maxtech Marine Bollard
• J.C. MacElroy Company
• Zhiyou Marine
• Sure Well
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