Marine Fasteners Market is anticipated to reach USD 38.04 Bn. by 2030 from USD 26.50 Bn. in 2023 at a CAGR of 5.3% during a forecast period. The growth of the marine fasteners market is driven by the increasing number of onshore and offshore activities. The growing construction of marine vessels as they withstand extreme weather conditions is also supporting the growth of the market. Region-wise Asia Pacific is the largest market for marine fasteners.To know about the Research Methodology :- Request Free Sample ReportMarine Fasteners Market Dynamics
Sea transport has grown substantially because it is less costly and more efficient than other means of transportation. Seaborne trade accounts for approximately 90% of worldwide foreign trade, according to statistics gathered. As a result, the growing global sea transport is expected to boost market growth throughout the forecast period. Similarly, the growth of the marine fasteners market was aided by an increase in demand for cargo transportation via ships. The demand for freight transportation via waterways is increasing as compared to other modes of transportation due to factors like cost-effectiveness and security. This, in turn, is expected to boost the growth of the marine fasteners market during the forecast period. In addition, increasing transformation in the marine vehicle body materials and transition towards lightweight bodies drives the demand for lightweight and high-performance fasteners. Focus on product innovation, new product development, and increasing growth of ship rebuilding activity are the other factors expected to drive the growth of the market during the forecast period (2024-2030). Similarly, the properties of marine fasteners like compressive force and high tensile strength bring massive growth opportunities for the marine fasteners market. Despite various modern techniques like soldering, welding, and the use of adhesives, mechanical fastening remains the top preference for design engineers due to the tight and secure bond that they offer. This in turn is expected to good growth opportunities for the marine fasteners market.Marine Fasteners Market Segmentation Analysis
By material, the plastic material is expected to grow at an xx% market share during the forecast period. Materials like Plastic Polyethylene are corrosion resistant and are not affected by gasoline, Clorox, and other chemicals. Other plastic materials like polyimide and Fluoropolymers possess UV-resistant properties, which are favorable for ships and marine vessels. Similarly, plastic materials also require less maintenance. Thus, considering all the above properties of plastic marine fasteners are expected to increase the growth rate of the marine fasteners market.Marine Fasteners Market Regional Insights
In 2023, the Asia Pacific region had the highest market share accounting for xx%. A major factor is a presence of significant shipbuilding activities in the China, Japan, and South Korea region, wherein 93% of the shipbuilding was carried out in China, the Republic of Korea, and Japan. In addition, increased seaborne trade, tax incentives to shipyards provided by various governments, and continuous growth in shipbuilding activities are some of the factors that have led to the growth of the Asia Pacific region's ship repair and maintenance services market. The European market is expected to grow at a faster pace due to an increase in construction activities of naval ships, cruise ships, luxury yachts, and tugboats across Europe. Other regions are also expected to record a stable growth rate due to the frequent advancements in the marine industry across the globe. Countries like Poland, Romania, Germany, U.K., etc. are expected to grow significantly during the forecast period. The objective of the report is to present a comprehensive analysis of the Marine Fasteners Market to the stakeholders in the industry. The past and current status of the industry with the 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 include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have 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 the Market dynamics, structure by analyzing the market segments and project the Marine Fasteners Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Marine Fasteners Market make the report investor’s guide.Marine Fasteners Market Scope: Inquire before buying
Marine Fasteners Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 26.50 Bn. Forecast Period 2024 to 2030 CAGR: 5.3% Market Size in 2030: USD 38.04 Bn. Segments Covered: by Product Type Screws Bolts Nuts Togglers Bits Washers Canvas Fasteners Others (Hog Rings, Nails, etc.) by Material Type Stainless Steel Aluminum Bronze/Brass Nickel Alloys Others (Nylon, Plastic Polyethylene, Rubber etc.) by Application Merchant Marine Fishing Vessels Yacht/Recreational Boat Others (Military, offshore support vessels) Marine Fasteners Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Marine Fasteners Market, Key Players
1. Attwood Marine Products 2. SEASTAR SOLUTIONS 3. Marine Fasteners, Inc 4. Fasco Fasteners 5. Bainbridge Marine 6. HandiMan Marine 7. Arrow Fastener Company, LLC 8. Perfect Fit - McDonald Inc. 9. Sea-Dog CorporationFrequently Asked Questions
1. What is the projected market size & growth rate of Marine Fasteners Market? Ans- Marine Fasteners Market was valued at USD 26.50 billion in 2023 and is projected to reach USD 38.04 billion by 2030, growing at a CAGR of 5.3 % during the forecast period. 2. What are the key driving factors for the growth of Marine Fasteners Market? Ans- Focus on product innovation, new product development, and increasing growth of ship rebuilding activity are the other factors expected to drive the growth of the market during the forecast period (2024-2030). 3. Which Region accounted for the largest Marine Fasteners Market share? Ans- In 2023, the Asia Pacific region had the highest market share accounting for xx%. 4. What makes Europe a Lucrative Market for Marine Fasteners Market? Ans- the European market is expected to grow at a faster pace due to an increase in construction activities of naval ships, cruise ships, luxury yachts, and tugboats across Europe. 5. What are the top players operating in Marine Fasteners Market? Ans- Attwood Marine Products, SEASTAR SOLUTIONS, Marine Fasteners, Inc, Fasco Fasteners, Bainbridge Marine, and HandiMan Marine.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Marine Fasteners Market Size, by Market Value (US$ Bn) 3.1. Market Segmentation 3.2. Market Segmentation Share Analysis, 2023 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Marine Fasteners Market 3.4. Geographical Snapshot of the Marine Fasteners Market, By Manufacturer share 4. Marine Fasteners Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Marine Fasteners Market 5. Supply Side and Demand Side Indicators 6. Marine Fasteners Market Analysis and Forecast, 2023-2030 6.1. Marine Fasteners Market Size & Y-o-Y Growth Analysis. 7. Marine Fasteners Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 7.1.1. Screws 7.1.2. Bolts 7.1.3. Nuts 7.1.4. Togglers 7.1.5. Bits 7.1.6. Washers 7.1.7. Canvas Fasteners 7.1.8. Others (Hog Rings, Nails, etc.) 7.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 7.2.1. Stainless Steel 7.2.2. Aluminum 7.2.3. Bronze/Brass 7.2.4. Nickel Alloys 7.2.5. Others (Nylon, Plastic Polyethylene, Rubber etc.) 7.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 7.3.1. Merchant Marine 7.3.2. Fishing Vessels 7.3.3. Yacht/Recreational Boat 7.3.4. Others (Military, offshore support vessels) 8. Marine Fasteners Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Marine Fasteners Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 9.1.1. Screws 9.1.2. Bolts 9.1.3. Nuts 9.1.4. Togglers 9.1.5. Bits 9.1.6. Washers 9.1.7. Canvas Fasteners 9.1.8. Others (Hog Rings, Nails, etc.) 9.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 9.2.1. Stainless Steel 9.2.2. Aluminum 9.2.3. Bronze/Brass 9.2.4. Nickel Alloys 9.2.5. Others (Nylon, Plastic Polyethylene, Rubber etc.) 9.3. Market Size (Value) Estimates & Forecast By Application,2023-2030 9.3.1. Merchant Marine 9.3.2. Fishing Vessels 9.3.3. Yacht/Recreational Boat 9.3.4. Others (Military, offshore support vessels) 10. North America Marine Fasteners Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Marine Fasteners Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 11.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 11.3. Market Size (Value) Estimates & Forecast By Application,2023-2030 12. Canada Marine Fasteners Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 12.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 12.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 13. Mexico Marine Fasteners Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 13.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 13.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 14. Europe Marine Fasteners Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 14.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 14.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 15. Europe Marine Fasteners Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Marine Fasteners Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 16.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 16.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 17. France Marine Fasteners Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 17.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 17.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 18. Germany Marine Fasteners Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 18.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 18.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 19. Italy Marine Fasteners Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 19.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 19.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 20. Spain Marine Fasteners Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 20.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 20.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 21. Sweden Marine Fasteners Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 21.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 21.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 22. CIS Countries Marine Fasteners Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 22.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 22.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 23. Rest of Europe Marine Fasteners Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 23.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 23.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 24. Asia Pacific Marine Fasteners Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 24.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 24.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 25. Asia Pacific Marine Fasteners Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Marine Fasteners Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 26.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 26.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 27. India Marine Fasteners Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 27.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 27.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 28. Japan Marine Fasteners Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 28.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 28.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 29. South Korea Marine Fasteners Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 29.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 29.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 30. Australia Marine Fasteners Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 30.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 30.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 31. ASEAN Marine Fasteners Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 31.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 31.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 32. Rest of Asia Pacific Marine Fasteners Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 32.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 32.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 33. Middle East Africa Marine Fasteners Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 33.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 33.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 34. Middle East Africa Marine Fasteners Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Marine Fasteners Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 35.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 35.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 36. GCC Countries Marine Fasteners Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 36.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 36.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 37. Egypt Marine Fasteners Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 37.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 37.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 38. Nigeria Marine Fasteners Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 38.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 38.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 39. Rest of ME&A Marine Fasteners Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 39.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 39.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 40. South America Marine Fasteners Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 40.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 40.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 41. South America Marine Fasteners Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Marine Fasteners Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 42.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 42.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 43. Argentina Marine Fasteners Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 43.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 43.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 44. Rest of South America Marine Fasteners Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Product Type,2023-2030 44.2. Market Size (Value) Estimates & Forecast By Material Type,2023-2030 44.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Marine Fasteners Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. SEASTAR SOLUTIONS 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Attwood Marine Products 45.3.3. SEASTAR SOLUTIONS 45.3.4. Marine Fasteners, Inc 45.3.5. Fasco Fasteners 45.3.6. Bainbridge Marine 45.3.7. HandiMan Marine 45.3.8. Arrow Fastener Company, LLC 45.3.9. Perfect Fit - McDonald Inc. 45.3.10. Sea-Dog Corporation 46. Primary Key Insights