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The value of global marine fender market stood at US$ 676.53 Mn in 2021. The global market is estimated to expand at a CAGR of 3.28% during the forecast period, from 2022 to 2031. The global marine fender market is likely to attain valuation of US$ 934.66 Mn by 2031. The rising popularity of charter/private cruises for different events, leisure activities, and tourism is bolstering the shipbuilding industry and raising the need for ports fenders or dockyard fenders throughout the world, which is expected to drive demand for marine fenders.
Suppliers, manufacturers, and dealers of marine fenders are expanding their offerings to include marine cell fenders and marine arch fenders. Marine cell fenders with excellent energy absorption and even impact dispersion are becoming increasingly popular. Marine arch fenders are widely utilized to provide dependable as well as hassle-free service for a wide range of berths, even in the harshest of situations.
In 2021, North America and Europe each had a significant part of the global market, with 9.01 % and 20.14 %, respectively. The most common end-use application for maritime fenders in these regions is expected to be their usage in the dockyard.
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Key Findings of Market Report
How Marine Fender Market will recover after covid19 – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=37565
Global Marine Fender Market: Growth Drivers
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Global Marine Fender Market: Key Players
Some of the key market players are
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Global Marine Fender Market: Segmentation
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