Global Automated Mooring Market Size by Type, Application, and Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2029
Overview
Automated Mooring Market was valued US$ 2.03 Bn. in 2022 and the total revenue is expected to grow at 4.02% through 2023 to 2029, reaching US$ 2.68 Bn.
The report has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Automated mooring expands the product transmission operational window through a greater range of berthing and environmental situations, lowers resource and space requirements, improves safety, demands less time to moor vessels and can reduce infrastructure investment to upsurge berthing capacity. Automated mooring system decreases fuel consumption, CO2 emissions, and docking time.
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Automated Mooring Market Dynamics
The market dynamics are thoroughly studied and explained in the MMR report, which helps to understand emerging market trends, drivers, restraints, opportunities, and challenges at the global and regional level for the automated mooring market. The global market for automated mooring system is largely driven by demand from the oil and gas industry. Growing subsea exploration and production activities in MEA and South America region is further expected to contribute towards the rising demand for the market for automated mooring.
On the other hand, the market for automated mooring is facing certain challenges such as, lack of technical knowledge, crude environment situations under the sea and high investments, which may hinder the growth of the global market, during 2023-2029.
Segment Analysis
By type, vacuum mooring segment was valued US$ xx Mn. in 2022 and is expected to reach US$ xx Mn. by 2029 at a CAGR of 30% over the forecast period. Vacuum mooring is one of the most widely used mooring types because of its ability to improve safety levels and enhance operational efficiency. It uses vacuum and hydraulic technology to remove mooring lines and upsurge the efficiency of the berthing process. By application, cargo segment is expected to grow at the highest xx% CAGR during forecast period thanks to rising in investments in the marine industry and growing demand for an affordable and efficient mode of transporting goods. The MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the automated mooring market size.
In recent years, major players in the market have taken several strategic measures, like facility expansions and partnerships. Trelleborg’s latest invention in automated mooring systems improves berth utilization and provides higher efficiencies in port operations.
In 2021, the total revenue of MacGregor (Cargotec Corporation) was US$ xx Bn. The MacGregor (Cargotec Corporation) has developed the mooring solution that will allow the global first autonomous container ship, Yara Birkeland, to assume mooring operations without human intervention. This inventive and fully electrical system upsurges eco-efficiency and safety compared with predictable mooring operations.
Market Regional Insights
By region, North America accounted for the largest market share in 2022, with a market value of US$ xx Mn; the regional market is expected to register a CAGR of 10% during 2023-2029. This is attributed to the growing demand for energy is expected to increase the drilling activities and subsea exploration in forecast period.
Furthermore, Europe is likely to display a significant growth in the market during 2023-2029 thanks to the entry of new market players in the EU coupled with rising water exploration investments.
The objective of the report is to present a comprehensive analysis of the Global Automated Mooring Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Automated Mooring Market dynamics, structure by analyzing the market segments and projects the global market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.
Automated Mooring Market Scope: Inquire before buying
| Automated Mooring Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2018 to 2022 | Market Size in 2022: | US $ 2.03 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 4.02% | Market Size in 2029: | US $ 2.68 Bn. |
| Segments Covered: | by Type | Vacuum Mooring Magnetic Mooring |
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| by Application | Cargo Container Passengers Others |
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Automated Mooring Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Automated Mooring Market Key players
1. Cavotec SA
2. Trelleborg Marine and Infrastructure
3. TTS Group ASA
4. MacGregor (Cargotec Corporation)
5. Mampaey Offshore Industries
6. C-Quip
7. ZAD Marine
8. Delmar Systems
9. MODEC
10. Offspring International
12. SBM Offshore
13. BW Offshore
14. Bluewater
15. Lamprell
16. Timberland Equipment
17. National Oilwell Varco
18. Usha Martin
Frequently Asked Questions:
1. Which region has the largest share in Global Automated Mooring Market?
Ans: North America region held the highest share in 2022.
2. What is the growth rate of Global Automated Mooring Market?
Ans: The Global Automated Mooring Market is growing at a CAGR of 4.02% during forecasting period 2023-2029.
3. What is scope of the Global Automated Mooring market report?
Ans: Global Automated Mooring Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Automated Mooring market?
Ans: The important key players in the Global Automated Mooring Market are – Cavotec SA, Trelleborg Marine and Infrastructure, TTS Group ASA, MacGregor (Cargotec Corporation), Mampaey Offshore Industries, C-Quip, ZAD Marine, Delmar Systems, MODEC, Offspring International, SBM Offshore, BW Offshore, Bluewater, Lamprell, Timberland Equipment, National Oilwell Varco, and Usha Martin.
5. What is the study period of this market?
Ans: The Global Automated Mooring Market is studied from 2022 to 2029.