Market Overview:
The global lateral marks beacon buoys market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for lateral marks beacon buoys from coastal and harbor applications, and the growing popularity of plastic lateral marks beacon buoys over metal ones. The global lateral marks beacon buoys market by type is segmented into metal and plastic lateral marks beacon buoys. The metal segment is expected to account for a larger share of the global market than the plastic segment during the forecast period. This can be attributed to factors such as their longer life span and better resistance against corrosion as compared to plastic markers. However, with technological advancements being made in plastics manufacturing, it is likely that this trend will change in favor of plastics over metal markers in future years. The global Lateral Marks Beacon Buoy Market by application is divided into offshore, coastal & harbor, inland waters segments respectively .Offshore application dominated Lateral Marks Beacon Buoy Market with highest revenue share contribution followed Coastal & Harbor Application Segment In 2017 And It Is Expected To Grow At A Highest CAGR Over The Forecast Period 2018-2030 due To Increasing Demand For Offshore Infrastructure Development Across Globe .
Product Definition:
A lateral mark beacon buoy is a floating aid to navigation that is placed in the water to indicate the edge of a channel or other navigable waterway. These buoys are typically triangular in shape and have a lighted beacon on top that can be seen from afar. They are an important tool for helping vessels stay within their designated channels, especially at night or in poor weather conditions.
Metal:
Metal is a material that has high electrical and thermal conductivity, low weight, corrosion resistance and magnetic properties. It can be used in various forms such as sheets, wires & rods, powders & alloys which are used for making beacons. The growth factor of metal in lateral marks beacon buoys market is driven by increasing demand from the oil & gas sector due to rising exploration activities coupled with growing requirement for offshore drilling platforms.
Plastic:
Plastic is a widely used material in the manufacturing of lateral marks beacons. It is available in various forms such as films, sheets, tubes and rods. The type of plastic to be used depends on the application requirements such as color, durability and flexibility among others. Lateral marks beacon buoys are made using flexible plastic which can conform to the desired shape easily during installation.
Application Insights:
The offshore application segment accounted for the largest revenue share of over 60% in 2017. The growing requirement for energy security, coupled with increasing investments from the governments of various countries, is expected to drive demand over the forecast period.
The coastal and harbor application segment is anticipated to witness a CAGR of XX% in terms of volume during the forecast period owing to rising infrastructure development along with improved safety regulations regarding navigation on waterways across various regions including Asia Pacific and Middle East & Africa. In addition, favorable government policies promoting marine energy are expected to boost industry growth over the coming years.
Inland waters application segment was valued at USD 544 million in 2017 owing to its growing usage as beacons for marking channels.
Regional Analysis:
North America dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of major industry participants such as General Dynamics Mission Systems, Inc.; Raytheon Technologies Corporation; and Lockheed Martin Corporation that are engaged in providing products and services for marine navigation safety. Moreover, increasing offshore drilling activities coupled with rising oil & gas exploration activities along with stringent regulations set by regulatory bodies such as Offshore Safety Advisory Committee (OSAC) and Minerals Management Service (MMS) for offshore operations are expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to growing maritime trade between various countries across this region particularly China, Japan, South Korea, Philippines etc., which involves large vessels carrying goods across water ways thus leading to an increase in navigational hazards including sunken wrecks etc.
Growth Factors:
- Increasing demand for maritime security: The increasing incidents of piracy and terrorism have led to the growth in demand for maritime security solutions, including lateral marks beacon buoys. This is expected to drive the growth of the lateral marks beacon buoy market in the coming years.
- Growing popularity of unmanned vessels: Unmanned vessels are increasingly being used for various applications such as surveillance, cargo transport, and research purposes. This is expected to fuel the growth of the lateral marks beacon buoy market in the coming years.
- Rising investment in port infrastructure: The port infrastructure is expanding at a rapid pace across different regions due to increased trade activities and globalization. This is anticipated to boost demand for lateral marks beacon buoys over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lateral Marks Beacon Buoys Market Research Report
By Type
Metal, Plastic
By Application
Offshore, Coastal & Harbor, Inland waters
By Companies
FenderCare, Meritaito, Xylem, Zeniya Aluminum Engineering Group, Sealite, Ryokuseisha, Resinex, Corilla, Almarin, Mobilis, Shandong Buoy&Pipe, JFC Manufacturing Co Ltd, Mediterraneo Senales Maritimas, Carmanah Technologies Corporation, Shanghai Rokem, Woori Marine Co., Ltd., Gisman, Wet Tech Energy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Lateral Marks Beacon Buoys Market Report Segments:
The global Lateral Marks Beacon Buoys market is segmented on the basis of:
Types
Metal, Plastic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Offshore, Coastal & Harbor, Inland waters
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- FenderCare
- Meritaito
- Xylem
- Zeniya Aluminum Engineering Group
- Sealite
- Ryokuseisha
- Resinex
- Corilla
- Almarin
- Mobilis
- Shandong Buoy&Pipe
- JFC Manufacturing Co Ltd
- Mediterraneo Senales Maritimas
- Carmanah Technologies Corporation
- Shanghai Rokem
- Woori Marine Co., Ltd.
- Gisman
- Wet Tech Energy
Highlights of The Lateral Marks Beacon Buoys Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metal
- Plastic
- By Application:
- Offshore
- Coastal & Harbor
- Inland waters
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lateral Marks Beacon Buoys Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lateral marks beacon buoys are a type of buoy used to mark the lateral boundaries of a body of water.
Some of the major players in the lateral marks beacon buoys market are FenderCare, Meritaito, Xylem, Zeniya Aluminum Engineering Group, Sealite, Ryokuseisha, Resinex, Corilla, Almarin, Mobilis, Shandong Buoy&Pipe, JFC Manufacturing Co Ltd, Mediterraneo Senales Maritimas, Carmanah Technologies Corporation, Shanghai Rokem, Woori Marine Co., Ltd., Gisman, Wet Tech Energy.
The lateral marks beacon buoys market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lateral Marks Beacon Buoys Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lateral Marks Beacon Buoys Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lateral Marks Beacon Buoys Market - Supply Chain
4.5. Global Lateral Marks Beacon Buoys Market Forecast
4.5.1. Lateral Marks Beacon Buoys Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lateral Marks Beacon Buoys Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lateral Marks Beacon Buoys Market Absolute $ Opportunity
5. Global Lateral Marks Beacon Buoys Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lateral Marks Beacon Buoys Market Size and Volume Forecast by Type
5.3.1. Metal
5.3.2. Plastic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lateral Marks Beacon Buoys Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lateral Marks Beacon Buoys Market Size and Volume Forecast by Application
6.3.1. Offshore
6.3.2. Coastal & Harbor
6.3.3. Inland waters
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lateral Marks Beacon Buoys Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lateral Marks Beacon Buoys Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lateral Marks Beacon Buoys Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lateral Marks Beacon Buoys Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lateral Marks Beacon Buoys Demand Share Forecast, 2019-2026
9. North America Lateral Marks Beacon Buoys Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lateral Marks Beacon Buoys Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lateral Marks Beacon Buoys Market Size and Volume Forecast by Application
9.4.1. Offshore
9.4.2. Coastal & Harbor
9.4.3. Inland waters
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lateral Marks Beacon Buoys Market Size and Volume Forecast by Type
9.7.1. Metal
9.7.2. Plastic
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lateral Marks Beacon Buoys Demand Share Forecast, 2019-2026
10. Latin America Lateral Marks Beacon Buoys Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lateral Marks Beacon Buoys Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lateral Marks Beacon Buoys Market Size and Volume Forecast by Application
10.4.1. Offshore
10.4.2. Coastal & Harbor
10.4.3. Inland waters
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lateral Marks Beacon Buoys Market Size and Volume Forecast by Type
10.7.1. Metal
10.7.2. Plastic
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lateral Marks Beacon Buoys Demand Share Forecast, 2019-2026
11. Europe Lateral Marks Beacon Buoys Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lateral Marks Beacon Buoys Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lateral Marks Beacon Buoys Market Size and Volume Forecast by Application
11.4.1. Offshore
11.4.2. Coastal & Harbor
11.4.3. Inland waters
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lateral Marks Beacon Buoys Market Size and Volume Forecast by Type
11.7.1. Metal
11.7.2. Plastic
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10.Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lateral Marks Beacon Buoys Demand Share, 2019-2026
12. Asia Pacific Lateral Marks Beacon Buoys Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lateral Marks Beacon Buoys Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lateral Marks Beacon Buoys Market Size and Volume Forecast by Application
12.4.1. Offshore
12.4.2. Coastal & Harbor
12.4.3. Inland waters
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lateral Marks Beacon Buoys Market Size and Volume Forecast by Type
12.7.1. Metal
12.7.2. Plastic
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lateral Marks Beacon Buoys Demand Share, 2019-2026
13. Middle East & Africa Lateral Marks Beacon Buoys Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lateral Marks Beacon Buoys Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lateral Marks Beacon Buoys Market Size and Volume Forecast by Application
13.4.1. Offshore
13.4.2. Coastal & Harbor
13.4.3. Inland waters
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lateral Marks Beacon Buoys Market Size and Volume Forecast by Type
13.7.1. Metal
13.7.2. Plastic
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lateral Marks Beacon Buoys Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lateral Marks Beacon Buoys Market: Market Share Analysis
14.2. Lateral Marks Beacon Buoys Distributors and Customers
14.3. Lateral Marks Beacon Buoys Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. FenderCare
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Meritaito
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Xylem
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Zeniya Aluminum Engineering Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sealite
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ryokuseisha
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Resinex
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Corilla
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Almarin
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mobilis
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Shandong Buoy&Pipe
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. JFC Manufacturing Co Ltd
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Mediterraneo Senales Maritimas
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Carmanah Technologies Corporation
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Shanghai Rokem
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Woori Marine Co., Ltd.
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Gisman
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Wet Tech Energy
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
