As per this study, the Global Vessel Mooring System Market was valued USD XX.X MN (by revenue) in 2019 and is anticipated to reach USD XX.X MN by 2026 with a CAGR of X.X%.
Vessel mooring is the process of holding or securing the ships at a particular position. It is done by mooring the ship to a fixed or floating object in the water depths to carry out cargo operations. It mainly includes mooring line, connectors and anchor. The mooring line is a combination of wire, chains and synthetic fiber ropes that are made up of various materials to withstand high flow of wind, current and waves
The vessel mooring system market is mainly driven on account of growing investment for oil & gas mining activities. Rising demand for crude oil across the globe to fulfill the ever-rising demand is also fueling the market growth. Technological advancement in extraction technologies and increasing production capacities of drilling rigs is further boosting the growth of this market. However, high maintenance cost along with regulation with respect to mooring system may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of vessel mooring system.
The broad vessel mooring system market has been sub-grouped into type, anchorage and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Taut Leg
- Spread Mooring
- Semi Taut
- Dynamic Positioning
- Single Point Mooring
- Drag Embedment Anchors
- Suction Anchors
- Vertical Load Anchors
- Tension Leg Platforms
- Semi-Submersible Platform
- SPAR Platform
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for vessel mooring system in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Vessel Mooring System Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the vessel mooring system market include Bluewater Energy Services B.V, Cavotec SA, Mampaey Vessel Industries BV, Piers & Pillars, Rigzone Mooring Systems, Samson Rope Technologies, Inc. and Single Point Mooring Systems among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.