Global Marine Grade Fasteners Market by Type (Steel Type, Cooper Type, Aluminum Type, Other), By Application (Fishing Vessels, Offshore Support Vessels, Merchant Marine, Recreational Boat, Military, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
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:
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:
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:
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.
Fishing Vessels:
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.
Offshore Support Vessels:
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.
Merchant Marine:
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.
Growth Factors For The Global Marine Grade Fasteners Market:
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 Scope
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.
Global Marine Grade Fasteners Market Report Segments:
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:
- 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
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:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Marine Grade Fasteners Market
Overview of the regional outlook of the Marine Grade Fasteners Market:
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.
Highlights of The Marine Grade Fasteners Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Marine Grade Fasteners Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Steel Type
2. Cooper Type
3. Aluminum Type
4. Other
7. By Application:1. Fishing Vessels
2. Offshore Support Vessels
3. Merchant Marine
4. Recreational Boat
5. Military
6. Others
- 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 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Marine Grade Fasteners Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Grade Fasteners Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Marine Grade Fasteners Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Grade Fasteners Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Marine Grade Fasteners Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Marine Grade Fasteners Market Size & Forecast, 2018-2028
4.5.1 Marine Grade Fasteners Market Size and Y-o-Y Growth
4.5.2 Marine Grade Fasteners Market Absolute $ Opportunity
Chapter 5 Global Marine Grade Fasteners Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Marine Grade Fasteners Market Size Forecast by Type
5.2.1 Steel Type
5.2.2 Cooper Type
5.2.3 Aluminum Type
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Marine Grade Fasteners Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Marine Grade Fasteners Market Size Forecast by Applications
6.2.1 Fishing Vessels
6.2.2 Offshore Support Vessels
6.2.3 Merchant Marine
6.2.4 Recreational Boat
6.2.5 Military
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Grade Fasteners Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Marine Grade Fasteners Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Marine Grade Fasteners Analysis and Forecast
9.1 Introduction
9.2 North America Marine Grade Fasteners Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Marine Grade Fasteners Market Size Forecast by Type
9.6.1 Steel Type
9.6.2 Cooper Type
9.6.3 Aluminum Type
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Marine Grade Fasteners Market Size Forecast by Applications
9.10.1 Fishing Vessels
9.10.2 Offshore Support Vessels
9.10.3 Merchant Marine
9.10.4 Recreational Boat
9.10.5 Military
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Marine Grade Fasteners Analysis and Forecast
10.1 Introduction
10.2 Europe Marine Grade Fasteners Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Marine Grade Fasteners Market Size Forecast by Type
10.6.1 Steel Type
10.6.2 Cooper Type
10.6.3 Aluminum Type
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Marine Grade Fasteners Market Size Forecast by Applications
10.10.1 Fishing Vessels
10.10.2 Offshore Support Vessels
10.10.3 Merchant Marine
10.10.4 Recreational Boat
10.10.5 Military
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Marine Grade Fasteners Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine Grade Fasteners Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Marine Grade Fasteners Market Size Forecast by Type
11.6.1 Steel Type
11.6.2 Cooper Type
11.6.3 Aluminum Type
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Marine Grade Fasteners Market Size Forecast by Applications
11.10.1 Fishing Vessels
11.10.2 Offshore Support Vessels
11.10.3 Merchant Marine
11.10.4 Recreational Boat
11.10.5 Military
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Marine Grade Fasteners Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine Grade Fasteners Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Marine Grade Fasteners Market Size Forecast by Type
12.6.1 Steel Type
12.6.2 Cooper Type
12.6.3 Aluminum Type
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Marine Grade Fasteners Market Size Forecast by Applications
12.10.1 Fishing Vessels
12.10.2 Offshore Support Vessels
12.10.3 Merchant Marine
12.10.4 Recreational Boat
12.10.5 Military
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Marine Grade Fasteners Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine Grade Fasteners Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Marine Grade Fasteners Market Size Forecast by Type
13.6.1 Steel Type
13.6.2 Cooper Type
13.6.3 Aluminum Type
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Marine Grade Fasteners Market Size Forecast by Applications
13.10.1 Fishing Vessels
13.10.2 Offshore Support Vessels
13.10.3 Merchant Marine
13.10.4 Recreational Boat
13.10.5 Military
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Marine Grade Fasteners Market: Competitive Dashboard
14.2 Global Marine Grade Fasteners Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Go2marine
14.3.2 Harken
14.3.3 West Marine
14.3.4 Marine Fasteners
14.3.5 Shanghai Prime Machinery
14.3.6 Gem-Year
14.3.7 Boltun
14.3.8 Changshu City Standard Parts
14.3.9 Xingyi Fasteners
14.3.10 Jiaxing Brother
14.3.11 Ningbo Jinding
14.3.12 Zhejiang Zhapu
14.3.13 Tianbao Fastener
14.3.14 Tong Hwei
14.3.15 Ruibiao
14.3.16 SHBC
14.3.17 Xinxing Fasteners