The mooring compensators market, which is valued at US$ 1780 million as of 2022, is anticipated to be valued at US$ 2439 million by 2032 and is expected to grow at a CAGR of 3.2% during the forecast period.
Expanding demand for boats owing to an increasing interest in water-based recreational activities, especially amongst the millennials, is expected to surge the demand for mooring compensators during the forecast period, as the boat mooring solutions are known to reduce the friction experienced by the boats while put into application.
| Report Attribute | Details |
|---|---|
| Mooring Compensators Market Valuation as on 2022 | US$ 1780 million |
| Mooring Compensators Market Anticipated Value (2032) | US$ 2439 million |
| Mooring Compensators Market Projected Growth Rate (2022 to 2032) | 3.2% |
Apart from that, the material that is used for manufacturing the mooring equipment is something that has created a lot of buzz among investors and stakeholders. These are generally manufactured using the best quality propylene rubber, which is known for offering outstanding ozone and sunlight resistance. This is expected to increase the sales of mooring compensators during the forecast period and also make the mooring compensators one of the most important boat parts.
Even the stats point towards the fact that there is a growing need for mooring compensators. The historical CAGR for the mooring compensators market was 2.8%, and the CAGR during the forecast period is expected to be nearly 3.2%. An increasing CAGR always showcases a positive outlook for the market.
The major reason why the demand for mooring compensators is increasing is because of the fact that these extend the life of the mooring lines. Furthermore, these also reduce the stress on the cleats by absorbing unmanageable tension. Because of this, manufacturers have started investing a lot in mooring compensators.
Moreover, the installation of mooring compensators does not require any technical skill and can be installed by anybody. Apart from that, the mooring compensators are known for providing an economical solution for reducing the load on boat lines, thereby making them one of the most important boat accessories. This as well might increase the sales of mooring compensators during the forecast period.
One of the biggest benefits that the mooring compensators offer is that these are available in a variety of dimensions. This would certainly help the manufacturers to choose the best size that would suit their purpose. This might increase the demand for mooring compensators going forward. Additionally, the latest technologies are being put into implementation in order to upgrade the existing mooring compensators, which are made up of metals and cause a lot of noise while being put into operation. Instead of this, rubber-based mooring compensators are used. The rubber-based compensators are meant to offer improved resistance and longer life.
Moreover, unlike metal-based mooring compensators, rubber-based mooring compensators do not undergo corrosion, and this consequently increases their life cycle. Additionally, being lightweight and having the ability to dampen noise, rubber-based compensators are preferred over metallic compensators. Thus, the application of rubber might surge the growth of the mooring compensators market.
Despite the fact that, at the product level, the cost might be affordable, there are chances that the cost might increase going ahead. The reason is that the manufacturing cost associated with the product is quite high. An increase in the issues pertaining to the supply chain because of the ongoing Russia-Ukraine war and also because of the ongoing clashes between Armenia and Azerbaijan has led to the lack of availability of raw materials.
Because of this, the cost of existing raw materials has gone up, due to which many manufacturers are finding difficulty in procuring raw materials. It is expected that during the forecast period, Europe would be the largest market for mooring compensators, followed by North America.
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The ability to extend the compensator:
The mooring compensators can be varied by changing the number of times the line is wound around it, which means with the increasing number of turns the mooring compensator can be extended.
Easy to install:
The mooring compensators are easy to fit. These require no extra fittings. The locking elements are present at both ends and are vulcanized into the compensator.
The North America mooring compensators market is expected to be one of the most important markets during the forecast period. In 2021, the region held a market share of 28%.
One of the primary factors that are driving the market in North America is the high disposable income of end users, as a result of which people are indulging in a lot of fun activities, which include boating, fishing, etc.
Apart from that, the safety that is being provided by mooring compensators is almost unmatched, and because of this, a lot of manufacturers have started making use of these compensators in their boats.
The Europe mooring compensators market is expected to be the largest market during the forecast period. In 2021, the Europe market had a share of 31%.
Europe is mainly meant for its boat manufacturing companies which make use of advanced motors, machines, and other watercraft accessories. With the adoption of the latest technologies, the application of metal-based compensators has reduced because of the noise factor associated with these. So, metal-based compensators are gradually being replaced by rubber-based mooring compensators.
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Currently, the mooring compensators market is mainly dominated by key players who have been serving this niche for a long time. They are making all the developments that would matter the most for the market.
However, there is not much happening in the start-up ecosystem of the mooring compensators market. But, being in a different niche, aspiring entrepreneurs can make the best use of the existing infrastructure and the government initiatives related to this niche.
The adoption of the latest technology in the mooring compensators market brings about a lot of opportunities to the current generation of wantrepreneurs as they are the ones who know how to make the best use of these technologies.
Apart from that, even if the entrepreneurs do not have enough resources to establish a start-up, the presence of angel investors and other kinds of investors would certainly help them raise enough funds.
The key players in the mooring compensators market are investing in the development of a virtual interactive explorer platform. These would make use of LNG transfer solutions and, at the same time, ensure that safety and sustainability factors are taken into consideration.
Apart from that, the key players are also investing in the process of mergers and acquisitions to improve their production capabilities and also to expand their presence.
Some of the recent developments in the mooring compensators market are:
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.2% from 2022 to 2032 |
| Base Year for Estimation | 2022 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in US$ Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
The mooring compensators market is projected to grow at a CAGR of 3.2% during the forecast period.
The mooring compensators market has a valuation of US$ 1780 million as of 2022.
The mooring compensators market is expected to be valued at US$ 2439 million by 2032.
1. Executive Summary | Mooring Compensators Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Raw Material
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Raw Material, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Raw Material, 2022 to 2032
5.3.1. Rubber Based
5.3.2. Polyurethane Based
5.4. Y-o-Y Growth Trend Analysis By Raw Material, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Raw Material, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2022 to 2032
6.3.1. U-Cleat Mooring Compensator
6.3.2. Smart Snubber Mooring Compensator
6.3.3. Inline Mooring Compensator
6.3.4. Classic Mooring Compensator
6.3.5. Others
6.4. Y-o-Y Growth Trend Analysis By Product Type, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Product Type, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2017 to 2021
7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa(MEA)
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Raw Material
8.2.3. By Product Type
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Raw Material
8.3.3. By Product Type
8.4. Key Takeaways
9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Raw Material
9.2.3. By Product Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Raw Material
9.3.3. By Product Type
9.4. Key Takeaways
10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Raw Material
10.2.3. By Product Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Raw Material
10.3.3. By Product Type
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Malaysia
11.2.1.5. Singapore
11.2.1.6. Australia
11.2.1.7. New Zealand
11.2.1.8. Rest of Asia Pacific
11.2.2. By Raw Material
11.2.3. By Product Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Raw Material
11.3.3. By Product Type
11.4. Key Takeaways
12. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of Middle East and Africa(MEA)
12.2.2. By Raw Material
12.2.3. By Product Type
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Raw Material
12.3.3. By Product Type
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. USA
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2021
13.1.2.1. By Raw Material
13.1.2.2. By Product Type
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2021
13.2.2.1. By Raw Material
13.2.2.2. By Product Type
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2021
13.3.2.1. By Raw Material
13.3.2.2. By Product Type
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2021
13.4.2.1. By Raw Material
13.4.2.2. By Product Type
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2021
13.5.2.1. By Raw Material
13.5.2.2. By Product Type
13.6. United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2021
13.6.2.1. By Raw Material
13.6.2.2. By Product Type
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2021
13.7.2.1. By Raw Material
13.7.2.2. By Product Type
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2021
13.8.2.1. By Raw Material
13.8.2.2. By Product Type
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2021
13.9.2.1. By Raw Material
13.9.2.2. By Product Type
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2021
13.10.2.1. By Raw Material
13.10.2.2. By Product Type
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2021
13.11.2.1. By Raw Material
13.11.2.2. By Product Type
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2021
13.12.2.1. By Raw Material
13.12.2.2. By Product Type
13.13. Malaysia
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2021
13.13.2.1. By Raw Material
13.13.2.2. By Product Type
13.14. Singapore
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2021
13.14.2.1. By Raw Material
13.14.2.2. By Product Type
13.15. Australia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2021
13.15.2.1. By Raw Material
13.15.2.2. By Product Type
13.16. New Zealand
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2021
13.16.2.1. By Raw Material
13.16.2.2. By Product Type
13.17. GCC Countries
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2021
13.17.2.1. By Raw Material
13.17.2.2. By Product Type
13.18. South Africa
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2021
13.18.2.1. By Raw Material
13.18.2.2. By Product Type
13.19. Israel
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2021
13.19.2.1. By Raw Material
13.19.2.2. By Product Type
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Raw Material
14.3.3. By Product Type
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Unimer Marine
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Trelleborg Group
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. PLASTIMO
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Anchor Marine
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Excel Controlinkage
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Chain Ropes and Anchors
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Boat Accessories Australia
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Mooring Compensators Market
