Mooring Ropes Market: Introduction
- Mooring ropes, also popularly known as mooring lines, are used to hold a permanent structure or a vessel in water. Mooring lines or ropes are the best substitutes of temporary anchors, as they have considerably more holding power, are more convenient, and cause less damage to the marine environment. Mooring ropes are utilized to hold small or big water vessels such as cruise ships, yachts, jet skis, and submarines as well as holding large floating decks. Demand for mooring ropes is expected to rise during the forecast period.
Key Drivers and Opportunities of the Global Mooring Ropes Market
- The mooring ropes market is anticipated to expand at a healthy pace during the forecast period due to exponential demand for marine renewable energy worldwide. Oceans and seas have tremendous potential for energy generation. The world’s tides, ocean waves, and river currents contain kinetic energy that can be used to drive turbines and generate electricity. Demand for mooring ropes from the marine renewable energy industry is anticipated to increase due to extensive applications of mooring ropes in oceans and seas.
- Expansion of the fishing industry owing to the rising demand for fish consumption is a key factor boosting the mooring ropes market. The fishing industry is expanding exponentially due to rising demand for specialty fish such as premium and rear fish. This, in turn, is anticipated to fuel the demand for mooring ropes. Additionally, inland waterways for transportation of goods across the globe are becoming a viable substitute to road and rail networks. This is also anticipated to augment the mooring ropes market.
- Volatility in prices of raw material required to manufacture mooring ropes is a key factors restraining the mooring ropes market. Mooring ropes are made from various synthetic fibers such as nylon, polyester, and polypropylene. Price volatility of any type of fiber adversely impacts the price of mooring lines. Additionally, lack of penetration of mooring lines in potential end-use industries also hampers the mooring ropes market.
North America to Hold Major Share of Global Mooring Ropes Market
- In terms of geography, the global mooring ropes market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
- North America is expected to hold a major share of the global mooring ropes market during the forecast period as the region witnesses a wide range of applications in which mooring ropes are used. Furthermore, applications such as mooring lines, mooring tails, inland shipping, towing stretchers, anchor ropes are estimated to also propel the demand for mooring ropes in the region in the near future.
Key Players Operating in Global Mooring Ropes Market
- Dynamica Ropes
- Folch Ropes, SA
- Jimmy Green Marine
- Katradis Marine Ropes Ind. S.A.
- LIROS GmbH
- Marlow Ropes Limited
- Southern Ropes
- TEUFELBERGER
- Van Beelen Industrie en Handel B.V.
- WireCo WorldGroup Inc.
Global Mooring Ropes Market: Research Scope
Global Mooring Ropes Market, by Material
- Nylon
- Polyester
- Steel
- Polypropylene
- Other synthetics (Hemp, sisal, coir etc.)
Global Mooring Ropes Market, by Strands
- Less than 5 strands
- Between 5 to 10 strands
- Above 10 strands
Global Mooring Ropes Market, by End-use Industry
- Oil & Gas
- Fishing
- Shipping
- Others (Energy and Power, Military industry etc.)
Global Mooring Ropes Market, by Price
Global Mooring Ropes Market, by Distribution Channel
Global Mooring Ropes Market, by Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- South America
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
