Market Overview:
The global marine grade fasteners market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for marine grade fasteners from fishing vessels, offshore support vessels, merchant marines, recreational boats and military applications. Steel type is the most commonly used material for manufacturing marine grade fasteners and is expected to hold a major share of the market during the forecast period. However, aluminum type is projected to grow at a higher CAGR than steel type over the forecast period owing to its properties such as light weight and corrosion resistance. Asia Pacific accounted for majority of the global marine grade fastener demand in 2017 and is projected to maintain its dominance duringthe forecast period due To high demand from countries such as China and Japan.
Product Definition:
Marine grade fasteners are those that meet the rigorous requirements of the marine environment. They must resist corrosion and provide a secure connection in wet and salty conditions. Marine grade fasteners are important for boat construction and repairs, as well as other marine applications.
Steel Type:
Steel type is a classification of steel based on its carbon content. The range of steel types includes construction, alloy, and high strength steels. Construction type includes low carbon (less than 0.4%) and high carbon (more than 4%) structural steels; alloys include cast iron, pig iron, and nickel-based alloys; while high strength steels contain more than 15% chromium or silicon by weight.
Cooper Type:
Cooper type is a category of nuts and bolts that are manufactured from carbon steel and have high tensile strength. The product finds application in the marine industry for securing decking, railings, mooring warps, cleats as well as general maintenance work on ships. Cooper fasteners are available with two different head styles namely Phillips & flatscrews which aids in increasing its versatility across a wide range of applications.
Application Insights:
The marine grade fasteners market is segmented on the basis of application into fishing vessels, offshore support vessels, merchant marine, recreational boats, military and others. The fishing vessel segment accounted for a major share in 2016 and this trend is expected to continue over the forecast period. Increasing fish production across the globe has resulted in an increased demand for boats that can withstand harsh environments such as saltwater corrosion and freshwater exposure. This has led to an increased focus on durability as compared to lightweight materials used previously which should also boost product demand over the next seven years.
Recreational boating applications are anticipated to witness significant growth at a CAGR of XX% from 2017 to 2030 owing primarily due to increasing disposable income among consumers coupled with rising awareness regarding fitness benefits associated with water sports such as surfing and rowing.
Regional Analysis:
Asia Pacific was the leading market and accounted for over 35% of the global revenue in 2017. The region is expected to continue its dominance over the forecast period owing to increasing foreign investments in developing economies such as China, India, Thailand, and Indonesia. In addition, rising disposable income levels coupled with a growing population are likely to support regional growth during the forecast period.
The European market is anticipated to witness steady growth due to stringent regulations regarding marine pollution coupled with high demand for sustainable products from countries including Germany and U.K.
Growth Factors:
- Increasing demand for marine grade fasteners in the transportation sector as a result of the growth of maritime trade and increasing shipbuilding activities.
- Rising demand for marine grade fasteners from the construction sector due to increasing infrastructure development activities across the globe.
- Growing use of marine grade fasteners in renewable energy projects, owing to their corrosion resistance properties.
- Increasing adoption of marine grade fasteners in automotive applications, due to their superior quality and performance characteristics compared to conventional screws and bolts used in these applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Grade Fasteners Market Research Report
By Type
Steel Type, Cooper Type, Aluminum Type, Other
By Application
Fishing Vessels, Offshore Support Vessels, Merchant Marine, Recreational Boat, Military, Others
By Companies
Go2marine, Harken, West Marine, Marine Fasteners, Shanghai Prime Machinery, Gem-Year, Boltun, Changshu City Standard Parts, Xingyi Fasteners, Jiaxing Brother, Ningbo Jinding, Zhejiang Zhapu, Tianbao Fastener, Tong Hwei, Ruibiao, SHBC, Xinxing Fasteners
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Marine Grade Fasteners Market Report Segments:
The global Marine Grade Fasteners market is segmented on the basis of:
Types
Steel Type, Cooper Type, Aluminum Type, Other
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
Fishing Vessels, Offshore Support Vessels, Merchant Marine, Recreational Boat, Military, Others
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:
- Go2marine
- Harken
- West Marine
- Marine Fasteners
- Shanghai Prime Machinery
- Gem-Year
- Boltun
- Changshu City Standard Parts
- Xingyi Fasteners
- Jiaxing Brother
- Ningbo Jinding
- Zhejiang Zhapu
- Tianbao Fastener
- Tong Hwei
- Ruibiao
- SHBC
- Xinxing Fasteners
Highlights of The Marine Grade Fasteners 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:
- Steel Type
- Cooper Type
- Aluminum Type
- Other
- By Application:
- Fishing Vessels
- Offshore Support Vessels
- Merchant Marine
- Recreational Boat
- Military
- Others
- 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 Marine Grade Fasteners 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Marine grade fasteners are made from high-quality materials and meet or exceed the requirements of marine applications. They are designed to resist corrosion, wear, and fatigue under harsh environmental conditions.
Some of the key players operating in the marine grade fasteners market are Go2marine, Harken, West Marine, Marine Fasteners, Shanghai Prime Machinery, Gem-Year, Boltun, Changshu City Standard Parts, Xingyi Fasteners, Jiaxing Brother, Ningbo Jinding, Zhejiang Zhapu, Tianbao Fastener, Tong Hwei, Ruibiao, SHBC, Xinxing Fasteners.
The marine grade fasteners market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Marine Grade Fasteners 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. Marine Grade Fasteners Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Marine Grade Fasteners Market - Supply Chain
4.5. Global Marine Grade Fasteners Market Forecast
4.5.1. Marine Grade Fasteners Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Marine Grade Fasteners Market Size (000 Units) and Y-o-Y Growth
4.5.3. Marine Grade Fasteners Market Absolute $ Opportunity
5. Global Marine Grade Fasteners 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. Marine Grade Fasteners Market Size and Volume Forecast by Type
5.3.1. Steel Type
5.3.2. Cooper Type
5.3.3. Aluminum Type
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Marine Grade Fasteners 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. Marine Grade Fasteners Market Size and Volume Forecast by Application
6.3.1. Fishing Vessels
6.3.2. Offshore Support Vessels
6.3.3. Merchant Marine
6.3.4. Recreational Boat
6.3.5. Military
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Marine Grade Fasteners 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. Marine Grade Fasteners 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 Marine Grade Fasteners 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. Marine Grade Fasteners 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 Marine Grade Fasteners Demand Share Forecast, 2019-2026
9. North America Marine Grade Fasteners 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 Marine Grade Fasteners 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 Marine Grade Fasteners Market Size and Volume Forecast by Application
9.4.1. Fishing Vessels
9.4.2. Offshore Support Vessels
9.4.3. Merchant Marine
9.4.4. Recreational Boat
9.4.5. Military
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Marine Grade Fasteners Market Size and Volume Forecast by Type
9.7.1. Steel Type
9.7.2. Cooper Type
9.7.3. Aluminum Type
9.7.4. Other
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 Marine Grade Fasteners Demand Share Forecast, 2019-2026
10. Latin America Marine Grade Fasteners 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 Marine Grade Fasteners 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 Marine Grade Fasteners Market Size and Volume Forecast by Application
10.4.1. Fishing Vessels
10.4.2. Offshore Support Vessels
10.4.3. Merchant Marine
10.4.4. Recreational Boat
10.4.5. Military
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Marine Grade Fasteners Market Size and Volume Forecast by Type
10.7.1. Steel Type
10.7.2. Cooper Type
10.7.3. Aluminum Type
10.7.4. Other
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 Marine Grade Fasteners Demand Share Forecast, 2019-2026
11. Europe Marine Grade Fasteners 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 Marine Grade Fasteners 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 Marine Grade Fasteners Market Size and Volume Forecast by Application
11.4.1. Fishing Vessels
11.4.2. Offshore Support Vessels
11.4.3. Merchant Marine
11.4.4. Recreational Boat
11.4.5. Military
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Marine Grade Fasteners Market Size and Volume Forecast by Type
11.7.1. Steel Type
11.7.2. Cooper Type
11.7.3. Aluminum Type
11.7.4. Other
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 Marine Grade Fasteners Demand Share, 2019-2026
12. Asia Pacific Marine Grade Fasteners 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 Marine Grade Fasteners 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 Marine Grade Fasteners Market Size and Volume Forecast by Application
12.4.1. Fishing Vessels
12.4.2. Offshore Support Vessels
12.4.3. Merchant Marine
12.4.4. Recreational Boat
12.4.5. Military
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Marine Grade Fasteners Market Size and Volume Forecast by Type
12.7.1. Steel Type
12.7.2. Cooper Type
12.7.3. Aluminum Type
12.7.4. Other
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 Marine Grade Fasteners Demand Share, 2019-2026
13. Middle East & Africa Marine Grade Fasteners 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 Marine Grade Fasteners 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 Marine Grade Fasteners Market Size and Volume Forecast by Application
13.4.1. Fishing Vessels
13.4.2. Offshore Support Vessels
13.4.3. Merchant Marine
13.4.4. Recreational Boat
13.4.5. Military
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Marine Grade Fasteners Market Size and Volume Forecast by Type
13.7.1. Steel Type
13.7.2. Cooper Type
13.7.3. Aluminum Type
13.7.4. Other
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 Marine Grade Fasteners Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Marine Grade Fasteners Market: Market Share Analysis
14.2. Marine Grade Fasteners Distributors and Customers
14.3. Marine Grade Fasteners Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Go2marine
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Harken
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. West Marine
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Marine Fasteners
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Shanghai Prime Machinery
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Gem-Year
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Boltun
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Changshu City Standard Parts
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Xingyi Fasteners
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Jiaxing Brother
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ningbo Jinding
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Zhejiang Zhapu
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Tianbao Fastener
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Tong Hwei
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Ruibiao
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. SHBC
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Xinxing Fasteners
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
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
