The Global Marine Grade Fasteners Market size is projected to grow at a CAGR of 4.8% from 2021 to 2028. It is anticipated that the steel type will remain the dominant segment in this market over the forecast period owing to higher demand for these types of fasteners from fishing vessels and offshore support vessels applications.
Marine-grade fasteners are the strongest, most corrosion-resistant fasteners that can be used on boats or any marine applications. They are made of high-quality metal materials which secure your boat’s structure and keep it afloat in water. These types of fastener kits have various grades to meet different needs for specific environments such as saltwater or freshwater conditions. There are many features of marine-grade fasteners. These include: - Corrosion resistance - Aesthetic appeal - Safe and easy installation - Strength and durability - Low cost.
On the basis of Type, the global marine grade fasteners market is segmented into Steel Type, Copper Type, Aluminum Type, and other types.
Steel Type marine grade fasteners are commonly used on offshore support vessels, fishing vessels, and merchant ships. They offer excellent corrosion resistance properties along with high tensile strength. These steel-type marine grade fasteners come in various sizes to cater to the requirements of various applications (commercial jets, yachts, etc). Some major manufacturers include Atlas Marine Grade Fasteners Ltd., Rocol International Sdn Bhd, Aker Solutions Norway AS Group Aerotel Services Pvt Ltd., Arctic Supply Chain Services Ltd., Coughlan Shipping Co Incorporated among others.
Copper Type marine grade fasteners are primarily used in ships, offshore structures, and oil rigs for corrosion-resistant. Copper Type marine grade fasteners are used in various applications which require high strength and corrosion resistance. The Copper Marine Grade Fastener is manufactured using the best quality copper material, processed under the strict surveillance of experts to ensure its durability & reliability.
Aluminum Type marine grade fasteners are primarily made of aluminum and can be used as a replacement for steel type. Aluminum is a lightweight material, which makes it easier to handle than steel during the installation process. Aluminum Marine Grade Fasteners are corrosion-resistant and lightweight. The Aluminum Type Marine Grade Fasteners are made of Aluminium and other light metals which make it a cost-efficient material for marine grade fasteners. These can be easily welded to steel parts without the need for extra precautions. The weight is also very less in comparison to stainless steel, therefore making them a long-lasting solution when used under various climatic conditions.
On the basis of Application, the global marine grade fasteners market is segmented into Fishing Vessels, Offshore Support Vessels, Merchant Marine, Others.
The fish-catching vessel types are mainly used for fishing in the open seas. The marine-grade fasteners are widely used to attach important parts of this type of vessel, therefore making it extremely efficient while carrying out various tasks under different weather conditions and at high speeds. These applications include installing electric & hydraulic systems on ships besides other components that help with navigation purposes.
Applications of marine-grade fasteners in Offshore Support Vessels include: Filling plate, Fluid equipment foundation bolts, and Brackets. A marine-grade steel bolt is a threaded rod with a head on one end to provide strength and rigidity while being secured by nuts at the other end. Use of corrosion-resistant materials such as stainless steel bolting fixtures for applications involving petroleum or chemical industries can be used where required due to weathering conditions or resistance from chemicals that may get into contact with it during normal operation. In case these bolts are exposed directly to seawater, they will need protection against rust formation caused by electrolytic action between dissimilar metals; this happens when a high tensile load is applied and tension tends to open up spaces in between contact surfaces.
There are various applications of Marine Grade Fasteners in the Merchant marine. These fasteners are used to fix the steel plates, sheet piles, and other structural components for creating a strong foundation at the seabed. Some examples include Dolphin (anchor) pile system - It is an alternative anchoring method that has been proposed as an environmentally friendly option compared to traditional methods like screw piling or jetting techniques using dolosse type anchor piles made up of high strength fibers such as carbon fiber-reinforced polymer (CFRP). Skeg - A skeg is a keel that extends into only one side of the hull instead of all four sides near the centerline. It is a structural member used in the stern to provide protection for propellers and shafts, as well as add strength.
On the basis of Region, the global marine grade fasteners market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America region dominates the global marine-grade fastener with the highest share followed by Europe & Asia Pacific. An increase in demand from North America and Europe to support offshore oil & gas exploration activities will drive the market during the forecast period. The Asia Pacific marine-grade fasteners market is expected to generate revenue of over US$ 0.25 Bn by 2028. Its growth can be attributed to increasing demand for the product in various applications including recreational boats, fishing vessels, and offshore support vessels among others. The Middle East & Africa is projected to expand at a steady CAGR through the forecast period. The expansion of this regional market can be attributed to factors such as increasing demand for marine vessels, growing naval forces in countries including Saudi Arabia and Oman, expanding offshore exploration activities, rising investments by oil companies across the region’s vast coastal regions.
The rising demand for marine grade fasteners is expected to drive this market. The increasing global population and rapid economic development of developing countries are some factors driving the growth of this market. In addition, several regulations from international agencies on fuel efficiency have led to a significant reduction in emissions across industries including the shipping industry. This has increased the use of materials that do not pollute water bodies such as metal fasteners instead of synthetic ones which leads to higher demand for marine grade fasteners globally.
Up Market Research published a new report titled “Marine Grade Fasteners Market research report which is segmented by Types (Steel Type, Cooper Type, Aluminum Type, Other), By Applications (Fishing Vessels, Offshore Support Vessels, Merchant Marine, Recreational Boat, Military, Others), By Players/Companies Go2marine, Harken, West Marine, Marine Fasteners, Shanghai Prime Machinery, Gem-Year, Boltun, Changshu City Standard Parts, Xingyi Fasteners, Jiaxing Brother, Ningbo Jinding, Zhejiang Zhapu, Tianbao Fastener, Tong Hwei, Ruibiao, SHBC, Xinxing Fasteners”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Marine Grade Fasteners Market Research Report |
By Type | Steel Type, Cooper Type, Aluminum Type, Other |
By Application | Fishing Vessels, Offshore Support Vessels, Merchant Marine, Recreational Boat, Military, Others |
By Companies | Go2marine, Harken, West Marine, Marine Fasteners, Shanghai Prime Machinery, Gem-Year, Boltun, Changshu City Standard Parts, Xingyi Fasteners, Jiaxing Brother, Ningbo Jinding, Zhejiang Zhapu, Tianbao Fastener, Tong Hwei, Ruibiao, SHBC, Xinxing Fasteners |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 242 |
Number of Tables & Figures | 170 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Steel Type, Cooper Type, Aluminum Type, Other and By Application Fishing Vessels, Offshore Support Vessels, Merchant Marine, Recreational Boat, Military, Others.
Some of the companies that are profiled in this report are:
Marine Grade Fasteners Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Marine Grade Fasteners 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 2028.
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