Fender Rope is the Fastest Growing Segment Fueling Growth in the Global Fender Rope Market
The global Fender Rope Market is estimated to be
valued at US$ 679.4 Million in 2023 and is expected to exhibit a CAGR of 4.7%
over the forecast period 2023 to 2030, as highlighted in a new report published
by Coherent Market Insights.
Market Overview:
Fender rope, also known as fendering rope, is a specialized polypropylene rope
that is used to protect boats, ships, and docks from damage during docking and
berthing. Key advantages of fender ropes include durability, strength,
flexibility, resistance to UV rays and aging. Fender ropes play a vital role in
preventing collision damage between vessels and dock infrastructure.
Market key trends:
One of the key trends gaining traction in the fender rope market is the rising
demand for texturized polypropylene fender ropes. Texturized polypropylene
fender ropes have a rough uneven surface that provides better grip and wear
resistance compared to standard smooth PP ropes. The texturized surface
prevents ropes from slipping and ensures maximum protection even during risky
docking conditions or adverse weather. Furthermore, texturized PP fender ropes
have a longer lifespan and maintain strength for a longer period of time. The
unique textured finish makes these ropes a preferred choice for marine vessels
and ports around the world.
Segment Analysis
The global fender rope market is dominated by the polyamide segment. Polyamide
fender ropes have high resistance to abrasion and offer durability even under
extreme operating conditions like high load and wear & tear. They possess
excellent flexural fatigue life and resistance to sunlight, seawater, and
chemicals. Moreover, polyamide fender ropes have smooth surface texture that
reduces damage to boat hulls and dock structures. These properties make
polyamide an ideal material for fender ropes used in ports, harbors, and
marinas globally.
Key Takeaways
The global fender rope market is expected to witness high growth, exhibiting
CAGR of 4.7% over the forecast period, due to increasing marine trade
activities globally.
The Asia Pacific region is currently the fastest growing as well as dominating
region in the global fender rope market. This is attributed to the presence of
major shipping hubs and ports in countries like China, Japan, and India.
Furthermore, rising maritime trade and growing fishing industry in Asia Pacific
is expected to drive the demand of fender ropes in the region during the
forecast period.
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. The market is highly
fragmented with the presence of several global and regional players. Industry
leaders are focusing on new product launches and expansion in emerging markets
to gain higher revenues.
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