Pneumatic Fenders Market to Cross USD 340.63 Million by 2026
According to the report, 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.
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The pneumatic fenders market research report delivers an acute valuation and taxonomy of the pneumatic fenders industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the pneumatic fenders industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the pneumatic fenders industry is provided for the leading economies of the world.
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 application has been categorized into ports, ships, and others.
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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.
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