Market Overview:
The global mast market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for passenger vessels, merchant vessels, offshore vessels, and naval vessels across the globe. Furthermore, the increasing adoption of fiberglass masts in the marine industry is also contributing to the growth of this market. However, factors such as high installation and replacement costs are restraining the growth of this market. The aluminum mast segment is projected to grow at a CAGR of 5.8% from 2018 to 2030 due its low weight and corrosion resistance properties compared with other types of masts available in the market.
Product Definition:
A mast is a tall structure on a ship or boat used to support sails, rigging, and communications antennas.
Aluminum:
Aluminum is a metal and has the chemical symbol Al. It is silvery in color, soft, ductile & lightweight and can be easily recycled. It has the highest heat dissipation factor among all metals. Due to its light weight it dominates other materials like steel & iron in weight proportion for same size mast section. Aluminum masts are used on account of their lightweight properties which helps to reduce fuel consumption by 10% - 15%.
Iron:
Iron is a metal and it's main group is called as IIA. It has two forms which are ferrous iron and steel. Ferrous means that have been strongly influenced by the element of iron; for instance, steel contains around 2% to 3% of iron. Steel can be hardened by heating it to high temperature which is then cooled gradually so that the steel remains hard throughout its whole structure; this process is known as annealing or heat treating.
Application Insights:
Passenger vessels were the largest application segment in 2015 and accounted for a revenue share of more than 60.0% in 2017. The growth of this segment is attributed to increasing demand from cruise liners, ferries, coastal passenger ships and others.
The use of masts as a platform for advertising or branding is one of the most popular methods used by various companies to generate revenue during leisure hours on board cruise ships or ferries. This has led to an increased number of such vessels being constructed over the past few years which would otherwise not have been feasible due to high production costs involved in their construction.
Merchant vessel was another significant application segment accounting for 23% market share by volume in 2015 and expected to grow at CAGR around 4% from 2016-2030 owing to growing trade between countries & regions such as Africa, Asia Pacific, South America etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% of the overall industry in terms of revenue owing to high product demand from countries such as China, India, Japan, South Korea and Australia. In addition, increasing offshore drilling activities coupled with rising oil & gas exploration activities are projected to drive regional growth over the coming years.
The European market was valued at USD X million in 2017 and is anticipated to witness significant growth during the forecast period on account of growing maritime trade between Europe and Asia Pacific countries such as China, India Japan Indonesia etc.
Growth Factors:
- Increasing demand for mobile data services: The increasing demand for mobile data services is one of the major growth drivers for the global mast market. This is because the deployment of mast infrastructure is essential to support high-speed mobile broadband networks.
- Proliferation of 4G and 5G networks: The proliferation of 4G and 5G networks is another key factor that is expected to drive the growth of the global mast market in the coming years. This is because these advanced network technologies require robust and reliable infrastructure, which can be provided by masts.
- Rising number of tower sharing agreements: The rising number of tower sharing agreements between telecom operators has led to an increase in demand for masts globally. This is because when two or more telecom operators share a single mast, it reduces costs and improves efficiency.
Scope Of The Report
Report Attributes
Report Details
Report Title
Masts Market Research Report
By Type
Aluminum, Iron, Wooden, Fiberglass, Other
By Application
Passenger Vessels, Merchant Vessels, Offshore Vessels, Naval Vessels
By Companies
Z-Spars, Axxon Composites, AG+SPARS, Heol Composites, Pauger Carbon, Seldén Mast, Sparcraft R.D.M, Southern Spars, Offshore Spars, C-Tech, Hall Spars & rigging, Brasker Masten, Formula Yacht Spars, Nemo Industrie, Reckmann, John Mast, Rondal, Yachttech, CST Composites, Forespar
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Masts Market Report Segments:
The global Masts market is segmented on the basis of:
Types
Aluminum, Iron, Wooden, Fiberglass, 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
Passenger Vessels, Merchant Vessels, Offshore Vessels, Naval Vessels
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:
- Z-Spars
- Axxon Composites
- AG+SPARS
- Heol Composites
- Pauger Carbon
- Seldén Mast
- Sparcraft R.D.M
- Southern Spars
- Offshore Spars
- C-Tech
- Hall Spars & rigging
- Brasker Masten
- Formula Yacht Spars
- Nemo Industrie
- Reckmann
- John Mast
- Rondal
- Yachttech
- CST Composites
- Forespar
Highlights of The Masts 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:
- Aluminum
- Iron
- Wooden
- Fiberglass
- Other
- By Application:
- Passenger Vessels
- Merchant Vessels
- Offshore Vessels
- Naval Vessels
- 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 Masts 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?
Masts are the tall, thin poles at the top of a ship or boat. They provide support for sails and other equipment.
Some of the major players in the masts market are Z-Spars, Axxon Composites, AG+SPARS, Heol Composites, Pauger Carbon, SeldƒÂ©n Mast, Sparcraft R.D.M, Southern Spars, Offshore Spars, C-Tech, Hall Spars & rigging, Brasker Masten, Formula Yacht Spars, Nemo Industrie, Reckmann, John Mast, Rondal, Yachttech, CST Composites, Forespar.
The masts market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Masts 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. Masts Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Masts Market - Supply Chain
4.5. Global Masts Market Forecast
4.5.1. Masts Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Masts Market Size (000 Units) and Y-o-Y Growth
4.5.3. Masts Market Absolute $ Opportunity
5. Global Masts 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. Masts Market Size and Volume Forecast by Type
5.3.1. Aluminum
5.3.2. Iron
5.3.3. Wooden
5.3.4. Fiberglass
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Masts 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. Masts Market Size and Volume Forecast by Application
6.3.1. Passenger Vessels
6.3.2. Merchant Vessels
6.3.3. Offshore Vessels
6.3.4. Naval Vessels
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Masts 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. Masts 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 Masts 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. Masts 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 Masts Demand Share Forecast, 2019-2026
9. North America Masts 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 Masts 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 Masts Market Size and Volume Forecast by Application
9.4.1. Passenger Vessels
9.4.2. Merchant Vessels
9.4.3. Offshore Vessels
9.4.4. Naval Vessels
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Masts Market Size and Volume Forecast by Type
9.7.1. Aluminum
9.7.2. Iron
9.7.3. Wooden
9.7.4. Fiberglass
9.7.5. 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 Masts Demand Share Forecast, 2019-2026
10. Latin America Masts 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 Masts 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 Masts Market Size and Volume Forecast by Application
10.4.1. Passenger Vessels
10.4.2. Merchant Vessels
10.4.3. Offshore Vessels
10.4.4. Naval Vessels
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Masts Market Size and Volume Forecast by Type
10.7.1. Aluminum
10.7.2. Iron
10.7.3. Wooden
10.7.4. Fiberglass
10.7.5. 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 Masts Demand Share Forecast, 2019-2026
11. Europe Masts 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 Masts 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 Masts Market Size and Volume Forecast by Application
11.4.1. Passenger Vessels
11.4.2. Merchant Vessels
11.4.3. Offshore Vessels
11.4.4. Naval Vessels
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Masts Market Size and Volume Forecast by Type
11.7.1. Aluminum
11.7.2. Iron
11.7.3. Wooden
11.7.4. Fiberglass
11.7.5. 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 Masts Demand Share, 2019-2026
12. Asia Pacific Masts 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 Masts 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 Masts Market Size and Volume Forecast by Application
12.4.1. Passenger Vessels
12.4.2. Merchant Vessels
12.4.3. Offshore Vessels
12.4.4. Naval Vessels
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Masts Market Size and Volume Forecast by Type
12.7.1. Aluminum
12.7.2. Iron
12.7.3. Wooden
12.7.4. Fiberglass
12.7.5. 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 Masts Demand Share, 2019-2026
13. Middle East & Africa Masts 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 Masts 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 Masts Market Size and Volume Forecast by Application
13.4.1. Passenger Vessels
13.4.2. Merchant Vessels
13.4.3. Offshore Vessels
13.4.4. Naval Vessels
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Masts Market Size and Volume Forecast by Type
13.7.1. Aluminum
13.7.2. Iron
13.7.3. Wooden
13.7.4. Fiberglass
13.7.5. 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 Masts Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Masts Market: Market Share Analysis
14.2. Masts Distributors and Customers
14.3. Masts Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Z-Spars
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Axxon Composites
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. AG+SPARS
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Heol Composites
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Pauger Carbon
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Seldén Mast
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sparcraft R.D.M
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Southern Spars
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Offshore Spars
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. C-Tech
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hall Spars & rigging
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Brasker Masten
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Formula Yacht Spars
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Nemo Industrie
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Reckmann
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. John Mast
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Rondal
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Yachttech
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. CST Composites
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Forespar
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
