Dock Fender Market

Dock Fender Market Outlook

The global dock fender market share is projected to reach US$ 964.86 Mn in 2032. Increased import-export activities is anticipated to propel the demand for dock fender during the forecast period.

According to FMI, the global dock fender market is estimated to be valued at US$ 698.72 Mn in 2022 and is projected to increase at a CAGR of 3.2% in the forecast period from 2022 to 2032.

Diversification of production capabilities in dock cone fenders, dock pile fenders, and dock fender is projected to be significant for future trends in the dock fender market.

As a result, the vessel's operator must carefully evaluate the hull pressure. Due to these difficulties, companies in the dock fender market are offering clients specialized installation advice.

Dock fender manufacturers are training vessel operators and owners that installation should be considered early in the design phase, not after the fenders have been chosen. As a result, the sales of dock fender is predicted to rise.

Maintenance, wear allowances, and protective coatings will affect the useful life of dock fender, so companies are encouraging vessel operators and owners to complete the purchase as soon as possible. This factor is likely to boost the sales of dock fender over the forecast period.

What are the Various Factors Driving the Dock Fender Market?

Over the last few years, maritime transport has gained traction in the global transportation and logistics sector.

In Maritime transport, transportation efficiency with the highest level of safety is a key factor driving the growth in dock fender market. Furthermore, the growing concern for safety is expected to boost demand for dock fender around the world.

Docks and ports are adopting new features to ensure the smooth and efficient docking of ships in the age of globalization. These new features boost the market demand for dock fender and overall sales.

The sales of dock fender is being driven by its increasing usage by dock and port developers for safe ship docking without harming the dock or port construction. Dock fenders are usually included in tenders for dock or port development or extension.

The demand for dock fender is expected to increase due to increased dock or port building operations. For safety and long operating life, dock fender requires regular and periodic maintenance.

Dock fender manufacturers are concentrating on creating and building dock fender with high-performance materials that provide enhanced strength and longevity, resulting in minimum maintenance requirements. These factors are anticipated to push the dock fender market growth during the forecast period.

Due to several features such as on-board smart technology and premium travel experience, many travelers are choosing cruise ship travel over other modes of transportation. The increased popularity of cruise vacations is expected to boost demand for dock fender around the world.

Due to a healthy order book, the shipbuilding industry has seen strong growth over several years. Dock fenders play an important function in the development of ships in the shipbuilding sector and that is one of the major reasons propelling the sales of dock fender.

The dock fender market share is expected to grow as the number of shipbuilding orders increases around the world.

Which Factors May Hinder the Global Dock Fender Market Growth?

Top dock fender manufacturers are reworking their supply chains to keep up with variable demand and supply trends as the COVID-19 problem continues to cause uncertainty. COVID-19 pandemic negatively impacted the dock fender market.

As some locations experienced partial shutdowns of industrial activities, while others were ramping up output capacity, China's dock rubber fender producers and suppliers are implementing contingency planning.

Nikhil Kaitwade

Principal Consultant

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What is Regional Analysis of Dock Fender Market Share?

Due to existing ports, shipyards, and port development activities in the respective region, the North America region is likely to hold the leading position in the global dock fender market.

Retrofit efforts are expected to gain traction in the Europe region as people become more concerned about routine maintenance and safeguarding the safety of docks and ships.

The dock fender market growth is expected to be dominated by the East Asian region, which has a significant share of shipbuilding activity. Cargo activities for international trade from South Asia and Oceania have been increasing for several years in the period of globalization.

The demand for dock fender is likely to rise as trade activities increase. The Middle East and North Africa, as well as Latin America, are likely to see stagnant growth rate in the dock fender market

Market Competition

Key players operating in the global dock fender market include Dock Fender International, Inc., Trelleborg AB, Goodyear Tire and Rubber Company, Shibata Fender Team Group, Qingdao Tiandun Rubber Co. Ltd., Prosertek Group S.L., Bridgestone Corporation, Urethane Products Corporation, FenderTec, MAX GROUPS MARINE CORPORATION., Malcorp ,Yokohama Rubber Company, Technix Rubber & Plastics Ltd, Fender Dock Construction, Schuyler Companies.

The global dock fender market is highly consolidated, with a limited number of large-scale vendors having the lion's share.

The majority of companies in dock fender market invest a large amount of money in detailed research and development, mostly to create new and improved products. The primary strategies taken by the key players in the dock fender market are product expansion and mergers and acquisitions.

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Report Scope

Key Segments Profiled in the Dock fender Market Report

By Product Type:

• Extruded Fender
• Moulded Fender
• Foam-Filled Fender
• Pneumatic and Hydro-pneumatic Fender
• Composites Fender

By End Use:

• Naval Ports
• Container Ports
• Oil and Gas Ports
• Cargo Ports

By Sales channel:

• Line Fit
• Retro Fit

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa