Dock Fender Market - Increase in Demand Because of the Expanding Import-Export Activities is Expected to Lead the Market Growth – Growing at a Compound Annual Growth Rate (CAGR) 3.1% from 2022 to 2028

Dock Fender
  • Dock Fender Market

As stated in our extensive report, the Global Dock Fender Market accounted for USD 672.1 Million in the year 2021.

Dock Fenders are marine protective equipment used to prevent ships, boats, yachts, and other naval vessels from colliding with each other or colliding with docks, piers, or piers. It is designed to absorb the energy the ship transfers to the mooring structure to prevent damage to the ship. The primary purpose of installing ship fenders is to protect both the boat and the dock from serious failures during the mooring structure.

Dock Fenders are essential in the maritime industry as important trade worldwide uses sea shipping to import and export goods. The United Nations Conference on Trade and Development said in a 2019 report that despite the economic recession, it totaled 11 billion tonnes in 2018. In addition, the Navy, offshore E & P activities, and the expansion of naval vessels in offshore wind turbines are expected to provide a profitable market.

The Dock Fenders absorb the kinetic energy of a ship or boat berthing against a quay wall, jetty, or another ship or boat, as well as protect the ship or boat from damage. The marine industry has grown substantially over the past five years and is predicted to grow even more in the years to come, which will increase demand for Dock Fenders.

The market has seen an increase in demand because of the expanding import-export activities that will expand the market internationally. In addition, Dock Fenders are becoming more popular among commercial and leisure boats, generating a sizable market for manufacturers. Furthermore, there is an increasing need for Dock Fenders due to the number of boats and ships built.

North America held the largest share in the Global Dock Fender Market in 2021. This is owing to the increase in marine trade in the region. Further, an increase in investment in the shipbuilding infrastructure is also likely to support the market's growth in the region during the forecast period.

Some of the prominent players in the Global Dock Fender Market include- Dock Fender International Inc., Trelleborg AB, Goodyear Tire & Rubber Company, ShibataFender 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 and others.