Marine Fender to Witness US$ 1.8 Billion Market Opportunity by 2033 Amid Booming Seaborne Trade Activities Worldwide: Fact MR Report Asia Pacific to Remain the Hotbed for Marine Fender Sales, Contributing Around 50% Revenue in Marine Fender Market Rockville , March 09, 2023 (GLOBE NEWSWIRE) — The global marine fender market is forecast to reach US$ 1.1 billion in 2023. Over the next ten years, global marine fender sales will surge at 5% CAGR. At the end of 2033, the global market valuation is set to exceed US$ 1.8 billion . Seaborne trade is a prominent contributor to the global economy and it is likely to increase over the coming years. As a result, more ships will be sailing around the world’s oceans. This increase in seaborne trade activities will generate high demand for marine fenders. Marine fenders are essential for protecting vessels from damage. They prevent ships from colliding with jetties and other structures. Growing adoption of marine fenders to protect ships and marine structures from damage will fuel sales. Increasing demand for efficient and cost-effective marine fenders will also boost the market. Download Free Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=5361 Rise in offshore infrastructure and high spending […]
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