Marine Buoys Market 2021-2030
New Study Reports " Marine Buoys Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2030" has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “Marine Buoys Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Marine Buoys Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over the Marine Buoys market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
PMR’s analysis concludes that, the global marine buoys market is anticipated to expand at a healthy CAGR of 5% during the forecast period of 2020-2030.
Marine Buoys are used for the purpose of indication, navigation, monitoring, depth analysis, anchorage, hazard indication, data gathering and location indication. They seek applications across different areas of the marine industry, and are built for customized applications. They are gaining immense importance due to various concerns associated with waterways, especially related to security and safe navigation. Across the world, demand is surging for plastic buoys made from polypropylene, polyamide, polyester, elastomer, and polyethylene, as these are lightweight, have maximum buoyancy, are economical, and also don’t warp with time.
Key Players:
The report has profiled some of the Important players prevalent in the global like – James and Fisher PLC, Fugro N.V., Marine Instruments S.A., and AXYS Technologies Inc and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Marine Buoys.
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Key Takeaways from Marine Buoys Market Study
- Marine buoys have become critical for weather forecasting and data monitoring purposes, for applications such as hurricane or cyclone forecasts, seasonal forecasting, satellite monitoring, maritime security, and ocean navigational aids.
- Due to rising regulatory acts concerning installation and practice of using buoys, governments have come with separate associations which monitor buoy behavior in their regions. This has led to standardization in buoy manufacturing and installation, and has provided a healthy outlook toward environment protection.
- Gradual inclination toward water sports and recreational activities has attracted large usage of buoys for the purpose of safety, navigation, and more often, to locate or indicate hazards.
- Developments constituting usage of various material combinations such as elastomer and polymers for manufacturing marine buoys have led to up-gradation in their structures, providing durability and lightweight construction. Plastic and metal marine buoys are the most sought-after, and will account for more than 90% of total demand.
- North America and East Asia will account for close to half of the total demand in the global marine buoys market, as far as volume is concerned.
- 1 out of every 2 marine buoys will be the mooring and anchor versions sold across the globe.
- With travel and trade restrictions in place due to the COVID-19 pandemic, the marine sector has been hit hard, which has resulted in decreased demand for marine buoys. However, the global marine buoys market is expected to bounce back soon as restrictions are gradually eased across regions.
“Waterways are the backbone of international trade, and serve as one of the prime factors in transportation. Marine buoys will play a very important role in ensuring that waterways will always be safe in the future,” says a PMR analyst.
View Report Table of Contents, Figures, and Tables
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Marine Buoys Market Manufacturers
Marine Buoys Market Distributors/Traders/Wholesalers
Marine Buoys Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Marine Buoys Market Report:
- The Marine Buoys Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Marine Buoys Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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