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Mooring system has become an essential technology for ship, floating vessels and several other water bodies. Growth of the maritime industry has led to a rapid adoption of new-age technologies such as offshore mooring system in water transport. As per the report published by Market Research Future (MRFR), the global offshore mooring systems market is set expand at 4.7% CAGR during the projection period (2018-2023).
Mooring system play an important role in anchorage of ships. It facilitates effective anchorage irrespective of the depth of water. Increased inter-regional trade and globalization are amongst the key factors driving the global offshore mooring systems market. Moreover, factors such as increased demand for energy, growing consumption of fossil fuel and expanding population in countries such as India and China are making a positive impact on the market.
Limited technological awareness in water transport sector in developing countries remain a stumbling block for market players. In addition, complex regulatory norms imposed by government in various parts of the world pose significant challenges for the maritime industry, which in turn impacts the water transportation sector. This is also hampering the potential of offshore mooring systems market to some extent. At the same time, many medium and small sized shipping companies may find the inspection & maintenance expenses a major financial limitation. The market is also hindered by the sluggish technological progress made in mooring systems over the years.
The prominent players in the global Offshore Mooring Systems Market are includes DELMAR SYSTEMS INC (US), SBM Offshore (Netherlands), MODEC, Inc. (Japan), Offspring International Limited (UK), Mampaey Offshore Industries B.V. (Netherlands), Balltec Ltd. (UK), BW Offshore (Norway), Bluewater (Netherlands), Trelleborg Marine Systems (UAE), and Timberland Equipment Limited (Canada).Get
This study provides an overview of the global offshore mooring systems market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global offshore mooring systems market by type, by anchorage, by application, and by region.
Market Research Analysis:
The global offshore mooring systems market is segmented on the basis of region into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW). APAC held the largest market share due to constant demand for energy and clean fuels, followed by North America and Europe. China and India are expected to be major contributors in the regional market.
The European region is poised to exhibit a modest growth rate due to demand from sectors such as renewable energy, petroleum, and subsea exploration. Regulations encouraging sustainable energy development are expected to be the major driver within the regional offshore mooring systems market growth. Developments which can maximize wind and wave energy in France, U.K., and Germany can present growth opportunities in the market.
Table of Content:
Chapter 1: Offshore Mooring Systems Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Offshore Mooring Systems Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Offshore Mooring Systems Market Effect Factors Analysis
Chapter 12: Global Offshore Mooring Systems Market Forecast
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