Market Overview:
The global mooring systems market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for mooring systems from the oil and gas industry, as well as other industries such as marine transportation and wind energy. The global mooring systems market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into spread type, SPM type, DP type, and tendon type.
Product Definition:
Mooring systems are arrangements of anchors and moorings used to secure a vessel to the bed of a body of water. They are important for two reasons: first, they keep a vessel from drifting; second, they minimize the impact of waves and wind on the vessel.
Spread Type:
The spread type is a device that helps to adjust the position of mooring lines. It’s used in various types of vessels such as container ships, tankers, tugs and barges for securing them in desired location. The working principle is based on mechanical lever system which has two arms with attached weights at their ends.
SPM Type:
SPM is the strength-persistence model that quantifies the strength of a moored system as a function of its length. It is used to compare different types of systems such as tension, compression, and shear. SPM has been widely accepted in designing mooring lines and cables for vessels; it also finds application in offshore drilling platforms & floating production storage & offloading (FPSO) units design process.
Application Insights:
The oil industry was the largest application segment in 2017 and accounted for a market share of over 40% in terms of revenue. The growth can be attributed to the growing demand for crude oil from emerging economies such as China, India, and Brazil. Natural gas industry is expected to be one of the fastest-growing industries owing to increasing production levels across various countries including Russia, Australia, Canada, U.S., Algeria and Iran. This has resulted in an increased requirement for mooring systems in this sector which is anticipated to boost product demand over the forecast period.
Other applications include petrochemical storage as well as LNG (liquefied natural gas) storage sectors which are also witnessing significant expansion projects across several countries globally including Qatar Liquefied Gas Corporation Limited's LNG plant at RasGas facility near Doha¢â‚¬â„¢s facilities along with those being developed by Petronas Carigali Group Berhad.
Regional Analysis:
North America was the leading market and accounted for over 35% of the overall revenue in 2016. The region is expected to maintain its dominance over the forecast period owing to increasing offshore drilling activities coupled with stringent regulations regarding water pollution by oil companies. Stringent government regulations on wastewater management are also anticipated to boost demand for these systems in this region.
Asia Pacific is estimated to be the fastest-growing market, expanding at a CAGR of XX% from 2017 to 2030 due high growth in energy consumption across emerging economies such as China and India coupled with increased offshore drilling activities off their coastlines. Moreover, growing awareness about environmental protection along with advancements in Mooring System Technology (IST) will drive industry growth over coming years.
Growth Factors:
- Increasing demand for mooring systems from the oil and gas industry as a result of increasing offshore drilling activities
- Growing popularity of floating production, storage, and offloading (FPSO) vessels, which require mooring systems for anchoring
- Rising demand for mooring systems in the shipping industry to secure large container ships and cruise liners at ports
- Proliferation of wind energy installations worldwide, which requires robust and reliable mooring systems to keep turbines in place during storms and high winds
- Technological advancements that have led to the development of more advanced and efficient mooring systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Mooring Systems Market Research Report
By Type
Spread Type, SPM Type, DP Type, Tendon Type
By Application
Oil Industry, Natural Gas Industry, Other
By Companies
Sbm Offshore, Bw Offshore, Delmar Systems, Mampaey Offshore Industries, Modec, Grup Servicii Petroliere, National Oilwell Varco, Trellborg, Bluewater Holding, Cargotec, Timberland Equipment, Usha Martin, Volkerwessels
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Mooring Systems Market Report Segments:
The global Mooring Systems market is segmented on the basis of:
Types
Spread Type, SPM Type, DP Type, Tendon Type
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
Oil Industry, Natural Gas Industry, Other
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:
- Sbm Offshore
- Bw Offshore
- Delmar Systems
- Mampaey Offshore Industries
- Modec
- Grup Servicii Petroliere
- National Oilwell Varco
- Trellborg
- Bluewater Holding
- Cargotec
- Timberland Equipment
- Usha Martin
- Volkerwessels
Highlights of The Mooring Systems 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:
- Spread Type
- SPM Type
- DP Type
- Tendon Type
- By Application:
- Oil Industry
- Natural Gas Industry
- Other
- 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 Mooring Systems 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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- Correctly Positioning New Products
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- Product & Brand Management
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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?
Mooring systems are a type of anchoring system that is used to secure boats, ships, and other vessels in place. Moorings can be either fixed or floating.
Some of the major players in the mooring systems market are Sbm Offshore, Bw Offshore, Delmar Systems, Mampaey Offshore Industries, Modec, Grup Servicii Petroliere, National Oilwell Varco, Trellborg, Bluewater Holding, Cargotec, Timberland Equipment, Usha Martin, Volkerwessels.
The mooring systems market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mooring Systems 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. Mooring Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mooring Systems Market - Supply Chain
4.5. Global Mooring Systems Market Forecast
4.5.1. Mooring Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mooring Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mooring Systems Market Absolute $ Opportunity
5. Global Mooring Systems 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. Mooring Systems Market Size and Volume Forecast by Type
5.3.1. Spread Type
5.3.2. SPM Type
5.3.3. DP Type
5.3.4. Tendon Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mooring Systems 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. Mooring Systems Market Size and Volume Forecast by Application
6.3.1. Oil Industry
6.3.2. Natural Gas Industry
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mooring Systems 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. Mooring Systems 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 Mooring Systems 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. Mooring Systems 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 Mooring Systems Demand Share Forecast, 2019-2026
9. North America Mooring Systems 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 Mooring Systems 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 Mooring Systems Market Size and Volume Forecast by Application
9.4.1. Oil Industry
9.4.2. Natural Gas Industry
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mooring Systems Market Size and Volume Forecast by Type
9.7.1. Spread Type
9.7.2. SPM Type
9.7.3. DP Type
9.7.4. Tendon Type
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 Mooring Systems Demand Share Forecast, 2019-2026
10. Latin America Mooring Systems 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 Mooring Systems 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 Mooring Systems Market Size and Volume Forecast by Application
10.4.1. Oil Industry
10.4.2. Natural Gas Industry
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mooring Systems Market Size and Volume Forecast by Type
10.7.1. Spread Type
10.7.2. SPM Type
10.7.3. DP Type
10.7.4. Tendon Type
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 Mooring Systems Demand Share Forecast, 2019-2026
11. Europe Mooring Systems 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 Mooring Systems 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 Mooring Systems Market Size and Volume Forecast by Application
11.4.1. Oil Industry
11.4.2. Natural Gas Industry
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mooring Systems Market Size and Volume Forecast by Type
11.7.1. Spread Type
11.7.2. SPM Type
11.7.3. DP Type
11.7.4. Tendon Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Gowth 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 Mooring Systems Demand Share, 2019-2026
12. Asia Pacific Mooring Systems 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 Mooring Systems 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 Mooring Systems Market Size and Volume Forecast by Application
12.4.1. Oil Industry
12.4.2. Natural Gas Industry
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mooring Systems Market Size and Volume Forecast by Type
12.7.1. Spread Type
12.7.2. SPM Type
12.7.3. DP Type
12.7.4. Tendon Type
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 Mooring Systems Demand Share, 2019-2026
13. Middle East & Africa Mooring Systems 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 Mooring Systems 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 Mooring Systems Market Size and Volume Forecast by Application
13.4.1. Oil Industry
13.4.2. Natural Gas Industry
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mooring Systems Market Size and Volume Forecast by Type
13.7.1. Spread Type
13.7.2. SPM Type
13.7.3. DP Type
13.7.4. Tendon Type
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 Mooring Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mooring Systems Market: Market Share Analysis
14.2. Mooring Systems Distributors and Customers
14.3. Mooring Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sbm Offshore
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bw Offshore
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Delmar Systems
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mampaey Offshore Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Modec
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Grup Servicii Petroliere
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. National Oilwell Varco
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Trellborg
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bluewater Holding
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cargotec
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Timberland Equipment
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Usha Martin
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Volkerwessels
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
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
