Boating Fenders by Application (Overview: Global Boating Fenders Consumption Value, Small Boat, Large Boat), by Type (Overview: Global Boating Fenders Consumption Value, Solid Rubber Fenders, Pneumatic Fenders, Foam Fenders, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The global boating fenders market is projected to reach 707.9 million by 2023, exhibiting a CAGR of 3.5% during the forecast period. The growth of the market is attributed to the rising popularity of recreational boating, increasing boat ownership, and growing demand for boat protection from damage. The boating fenders market is segmented into application and type. Based on application, the market is divided into small boats and large boats. The large boat segment is expected to witness significant growth during the forecast period due to the increasing popularity of luxury yachts and superyachts. Based on type, the market is classified into solid rubber fenders, pneumatic fenders, foam fenders, and others. The solid rubber fenders segment is expected to dominate the market throughout the forecast period owing to their durability and cost-effectiveness.
The boating fenders market is highly competitive with the presence of several key players. The leading players include Trelleborg, Yokohama, Sumitomo Rubber, Palfinger, IRM, ShibataFenderTeam, Longwood, JIER Marine, Jiangsu Shelter, Taihong, Shandong Nanhai Airbag Engineering, Qingdao Tiandun, Evergreen, Zhaoyuan Talent Plastic, Jiangyin Hengsheng, Tonly, etc. These players are focusing on product innovation and expansion of their distribution networks to gain a competitive edge in the market. The market is also witnessing the emergence of new entrants, especially in the Asia-Pacific region. These new entrants are offering low-cost products, which is expected to intensify competition in the market.
The global boating fenders market is expected to grow from USD 140 million in 2022 to USD 210 million by 2027, at a CAGR of 7.7% during the forecast period 2023 - 2030. The increasing demand for recreational boating activities and the growth of the tourism industry are the key factors driving the growth of the market.
The growth of the boating fenders market is being driven by several factors, including the increasing popularity of recreational boating, the growth of the tourism industry, and the increasing demand for safety products.
Despite the growth of the boating fenders market, there are several challenges and restraints that could impact its growth potential.
To overcome these challenges, manufacturers are investing in the development of new materials and designs for boating fenders. They are also focusing on improving the durability and performance of their products.
The Asia-Pacific region is the largest market for boating fenders, followed by North America and Europe. The growth of the Asia-Pacific market is being driven by the increasing popularity of recreational boating in the region.
By Application.
The Small boat segment is expected to hold the largest market share during the forecast period. The growing popularity of recreational boating is driving the demand for small boats, which in turn is increasing the demand for small boat fenders.
By Type.
Solid rubber fenders are the most popular type of boating fender, accounting for over 40% of the market share. Solid rubber fenders are durable and long-lasting, making them a good choice for boaters who want a fender that will withstand a lot of use.
Several factors are expected to drive the growth of the boating fenders market over the forecast period. These factors include:
Following are list of leading manufacturers of Boating Fenders
Several significant developments have taken place in the boating fenders sector in recent years. These developments include:
This report provides a comprehensive overview of the boating fenders market. The report includes information on the market size, growth drivers, challenges, restraints, and key players. The report also provides a detailed analysis of the market by application, type, and region.
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 3.5% from 2019-2033 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 3.5% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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