Apart from the mechanical or electrical systems of a ship or marine vessel, one of the major application of marine fenders market comes into effect during the berthing of a ship at the jetty is the marine fender system. One of the most important functions of a marine fenders is to protect the ship’s external body from damages. Absence of marine fenders market can cause serious damages to the hull plates and simultaneously to the berth or jetty platform when it comes in contact with the ship. A ship has to be brought at low speed during birthing, as increase in speed can result in exponential increment in the momentum of the ship and cause serious damage during the berthing process. An ideal marine fender system should be easy to maintain, cost effective, and highly durable. The material used for the construction of marine fenders market should also be available locally so that the damaged marine fenders can be replaced. Various types of marine fenders are available in the market for different applications. The marine fenders market can be segmented based on type and application.
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Growth in port expansion, rise in inter-regional trade activities, and increase in concerns about work safety in marine operations around the globe are major factors driving the marine fenders market. Europe is the leading manufacturer of marine fenders, followed by Asia Pacific. China is one of the largest manufacturers of marine fenders market in Asia Pacific, followed by Japan and India. Growth in the marine fenders market in China can be ascribed to the rise in port capacity of the country, raw material availability, and low manufacturing & labor costs. Government-supported health and safety initiatives for marine safety and their implementation are also helping boost the marine fenders market in China. The usage of degraded rubber and low cost material also lowers the cost of the final product. This is also boosting the manufacture & consumption of marine fenders market around the globe.
Global Marine Fenders Market: Key Players
Key players operating in the global marine fenders market include Trelleborg, Bridgestone, GoodYear, YOKOHAMA, FenderTec, Malcorp, Fender Marine, and Technix Rubber and Plastics Ltd.
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