By 2032, the market for mooring compensators is anticipated to be worth US$ 2439.0 million, up from US$ 1780.0 million in 2022, growing at a CAGR of 3.2%.
The market for mooring compensators has experienced significant growth rates over the past few years, and it is expanding more quickly. Ropes, which are bendable longitudinal pieces that can be utilised as mooring compensators, were previously used to anchor the boats. The demand for mooring compensators is rising since they are the most fit for the job and can successfully offset the sever shocks brought on by waves.
The rising popularity of recreational activities among the general public, as well as the increasing sales of boats, are the primary factors driving the demand for mooring compensators.
Mooring compensators have been identified as the most important accessory for mooring lines. They are made of high-quality ethylene propylene diene monomer rubber, which boosts mooring compensator sales by providing excellent strength as well as weather and saltwater resistance.
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Furthermore, its simplified types of threaded onto a rope and not threaded on a rope make the application of mooring compensators simple, and are widely used by boaters in the industry.
As per the National Marine Manufacturers Associations (NMMA), sales of powerboats reached more than 250,000 in 2016. Furthermore, new product development and rising demand from young boaters are assisting the industry growth for mooring compensators, expanding the market size for mooring compensators.
Moreover, the EPDM rubber with unique plastic locks maintains resiliency despite stresses and strains, no squeaking, and no wear and tear. Therefore, owing to these physical properties, mooring compensators are gaining traction in the market and pushing the demand for mooring compensators in the global market.
Key Players:
- Unimer Marine
- Trelleborg Group
- PLASTIMO
- Anchor Marine
- Chain Ropes and Anchors
- Boat Accessories Australia
- Excel Controlinkage Pvt. Ltd.
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Key Segments in the Mooring Compensators MarketBy Material:
- Rubber-baseded
- Polyurethane based
By Product Type:
- U-Cleat Mooring Compensator
- Smart Snubber Mooring Compensator
- Inline Mooring Compensator
- Classic Mooring Compensator
- Others
By Mooring Type:
- Catenary
- Taut
- Semi Taut
- Spread
- Single Point
- Dynamic Positioning
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