by The global Fender Rope Market is estimated to be valued at US$ 492.6 Mn or 492.6 Million in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period from 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Fender ropes are special types of ropes primarily used to protect boats and ships from impacts and rubbing against docks, piers, and other vessels. They provide flexibility, shock absorption, and cushioning capacities. Fender ropes come in different sizes and designs based on the vessel size and coastal conditions.
Market key trends:
One of the key trends in the fender rope market is the increasing demand for environment-friendly fender ropes. Major market players are focusing on developing eco-friendly fender ropes using sustainable materials like recyclable plastics and fibers from natural sources like hemp, jute, sisal etc. For instance, the ‘Hempster’ range of fender ropes launched by New England Ropes is made from hemp fibers that decomposes at the end of life without harming the environment. The growing awareness about green maritime solutions is expected to boost the demand for such eco-friendly fender ropes.
Segment Analysis
The global fender rope market is segmented into material, rope type, end-use industry, and region. Based on material, the market is segmented into polypropylene, polyester, nylon, polyethylene, and specialized fibers. The polyethylene segment dominates the market as it offers advantages such as resistance to abrasion, chemicals, moisture, rot, and mildew.
Key Takeaways
Global Fender Rope Market Demand is expected to witness high growth, exhibiting a CAGR of 4.7% over the forecast period, due to increasing demand from shipping industry for safe mooring.
The Asia Pacific region is expected to be the fastest growing as well as the dominating region in the global fender rope market. This is attributed to the presence of major shipping ports and trade activities in countries like China, India, and Japan.
Key players operating in the fender rope market include 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. Samson Rope Technologies is a prominent player due to its diversified product portfolio and global presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
