with the slowdown in world economic growth, the Beacon Buoys industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Beacon Buoys market size to maintain the average annual growth rate of 0.0360196819021 from 62.0 million $ in 2014 to 74.0 million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, Beacon Buoys market size will be further expanded, we expect that by 2023, The market size of the Beacon Buoys will reach 88.0 million $.
Overview:
Beacons are structures that are permanently fixed either to land or to the sea bottom, while buoys are floating markers that are anchored to the sea bottom with solid concrete blocks. Buoys are used as a location indicator or as a warning point for ships. The global beacon buoys market focus on six regions namely North America, Europe, South America, Asia Pacific, Middle East, and Africa.
Drivers:
Growing trade through the sea route and the increasing number of shipments across the world is expected to drive growth of the global beacon buoys market during the forecast period. For instance, according to the International Chamber of Shipping (ICS), of world trade is carried by the international shipping industry. Rising demand for eco-friendly transportation is also expected to fuel growth of the market. Moreover, increasing demand for beacon buoys from petrochemical plants, power plants, and transshipment is expected to propel growth of the global beacon buoys market.
Opportunities:
Increasing industrial activities and port infrastructure development is expected to offer significant growth opportunities to key players in the global beacon buoys market.
Regional Insights:
North America is expected to register robust growth in the global beacon buoys market due to the expansion and development programs related to port infrastructure. For instance, in February 2020, the U.S. Department of Transportation (DOT) announced that it has awarded more than US$ 280 million in grant funding through the new Port Infrastructure Development Program for coastal seaports.
Asia Pacific is also expected to witness significant growth in the global beacon buoys market due to increasing trade activities in this region.
Competitive Section:
Kay players involved in the global beacon buoys market are FenderCare, Sealite, Meritaito, Xylem, Zeniya Aluminum Engineering Group, Ryokuseisha, Corilla, Resinex, Almarin, Shandong Buoy & Pipe, JFC Manufacturing Co Ltd, Carmanah Technologies Corporation, Mediterraneo Senales Maritimas, Shanghai Rokem, Grisman, Woori Marine Co., Ltd., Mobilis, and Wet Tech Energy.
In May 2020, Sealite plans to expand its manufacturing facility in Australia.
In April 2020, Arctia’s subsidiary Meritaito offered a green solution in the field of aids to navigation.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information,
Section 1: Definition
Section (2 3): Manufacturer Detail
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
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Metal Buoys
Plastic Buoys
Industry Segmentation
Offshore
Coastal & Harbor
Inland Waters
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2018-2023)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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