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Vessel Mooring System Market Size, Share Global Analysis Report, 2020–2026
Vessel Mooring System Market By Type (Spread Mooring, Taut Leg, Semi Taut, Dynamic Positioning, Catenary, and Single Point Mooring) and By Application (Shallow Water and Deep/Ultra Deep water): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
According to the report published by Facts & Factors, the global Vessel Mooring System Market size was worth around USD 1745 billion in 2019 and is predicted to grow around USD 2,235 million by 2026 with a compound annual growth rate (CAGR) of roughly 4% between 2020 and 2026. The report analyzes the global Vessel Mooring System Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Vessel Mooring System Market.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Vessel Mooring System industry. The report analyzes and declares the historical and current trends analysis of the Vessel Mooring System industry and subsequently recommends the projected trends anticipated to be observed in the Vessel Mooring System market during the upcoming years.
The Vessel Mooring System market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire vessel Mooring System market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Thousand Unit) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- According to the interview with industry participants, an increase in crude oil production and rapid expansion of the transport industry are major drivers for the target market growth
- North America generated major revenue of around USD 550 Million in 2018
- The target market generated revenue of approximately USD 1,680 Million in 2018
- In terms of type segment, single point mooring category was the dominating one in 2018
- In terms of application segment, deep/ultra-deepwater was dominating category in 2018
Key Recommendations from Analysts
- As per our analyst, growing demand for drilling activities associated with subsea exploration is augmenting the target market growth
- The target market is expected to grow at CAGR of around 4%
- Among type segment, the single point mooring category is anticipated to generate major revenue in 2026
- Among application segment, the deep/ultra-deepwater category is anticipated to generate major revenue in 2026
- The target market is anticipated to generate revenue of around USD 2,235 Million in 2026
Value Share, by Region
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Vessel Mooring System industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Vessel Mooring System industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Vessel Mooring System market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Vessel Mooring System industry. The Vessel Mooring System market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Vessel Mooring System sector. Key strategic developments in the Vessel Mooring System market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Vessel Mooring System market are appropriately highlighted in the report.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 1,745 Million |
Projected Market Size in 2026 |
USD 2,235 Million |
CAGR Growth Rate |
CAGR 04% |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Bluewater Energy Services B.V., Samson Rope Technologies, Cavotec SA, Mampaey Offshore Industries B.V., Delmar Systems, Inc., Timberland Equipment limited, and others. |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Innovation in automated mooring systems delivers superior efficiencies as well as enhances berth utilization in port operations. In addition, automated mooring lowers resource and space requirements, improves safety, can minimize infrastructure investment to increase berthing capacity, and demands less time to moor vessels. These factors have led to the growth of the target market.
Rising investment in gas and oil mining sector has propelled the target market growth. Furthermore, the evolution of extraction technologies in terms of technology has boosted the target market growth. Moreover, increasing demand for crude oil is anticipated to provide lucrative growth opportunities to the target market key players.
The Vessel Mooring System market research report delivers an acute valuation and taxonomy of the Vessel Mooring System industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Vessel Mooring System industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Vessel Mooring System industry is provided for the leading economies of the world.
The Vessel Mooring System market is segmented based on Type and Application. On the basis of type segmentation, the market is classified into as spread mooring, taut leg, semi taut, dynamic positioning, catenary, and single point mooring. In terms of Application segmentation, the market is bifurcated into shallow water and deep/ultra-deepwater.
Some of the essential players operating in the Vessel Mooring System market include
- Bluewater Energy Services B.V.
- Samson Rope Technologies
- Cavotec SA
- Mampaey Offshore Industries B.V.
- Delmar Systems Inc.
- Timberland Equipment limited
The taxonomy of the Vessel Mooring System Market by its scope and segmentation is as follows:
By Type Segmentation Analysis (Customizable)
- Spread Mooring
- Taut Leg
- Semi Taut
- Dynamic Positioning
- Catenary
- Single Point Mooring
By Application Segmentation Analysis (Customizable)
- Shallow Water
- Deep/Ultra Deep water
Regional Segmentation Analysis (Customizable)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Bluewater Energy Services B.V.
- Samson Rope Technologies
- Cavotec SA
- Mampaey Offshore Industries B.V.
- Delmar Systems Inc.
- Timberland Equipment limited
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