Fishing Ropes Segment is the largest segment driving the growth of Fender Rope Market
The global Fender Rope Market is estimated to be valued at US$ 492.6 Mn or Million in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Fender ropes are made up of synthetic fibers that provide strength and durability. They are mainly used along wharves and piers to absorb impact energy and protect boats as well as vessels from colliding damage. Fender ropes play a vital role in ensuring safety and avoiding costly repairs during berthing operations.
Market key trends:
One of the key trends in the fender rope market is the growing demand for high tensile strength ropes. Higher tensile strength ropes can withstand greater berthing loads, particularly from larger vessels. This encourages the manufacturing of ropes with advanced synthetic fibers that have superior load bearing abilities compared to conventional material like steel wire or natural fibers. For example, Novabraid introduced the Superlines series of fender ropes with tensile strength above 400 kN. The growing maritime trade and rising sizes of cargo ships are propelling the need for ultra-strong ropes suitable for modern port operations.
SWOT Analysis
Strength: Durable and absorb high impact forces effectively; Provide protection to vessels and port infrastructure from damages
Weakness: Require frequent replacement; Vulnerable to damage from exposure to harsh marine environments
Opportunity: Growing maritime trade and port infrastructure investment in emerging economies; Development of advanced composite fibre materials
Threats: Availability of substitute impact protection products; Intense competition among existing players
Key Takeaways
Global Fender Rope Market Demand was valued at USD 492.6 million in 2023. It is expected to witness high growth, exhibiting a CAGR of 4.7% over the forecast period of 2023 to 2030. Growing international seaborne trade and expansion of ports and shipping routes across regions are driving the demand for fender ropes globally.
The Asia Pacific region dominated the global market in 2023 and is likely to maintain its lead over 2023-2030. This can be attributed to the robust growth of the shipping industry and ongoing port infrastructure modernization projects underway in China, India and other East Asian countries.
Key players operating in the fender rope market are Samson Rope Technologies, Inc., Novabraid, New England Ropes, TEUFELBERGER Fiber Rope Corporation, Marlow Ropes Ltd., Langman Ropes, Southern Ropes, Lankhorst Ropes,Yale Cordage, Inc., FSE Robline, Gleistein Ropes, Hampidjan Group, English Braids Ltd., Gottifredi Maffioli, Liros GmbH. These players are focusing on launch of advanced polymeric fibre ropes and strengthen sales across global marine ports.
Read More- https://www.articledistrict.com/growth-in-the-global-fender-rope-market/
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