Sales Revenue of Ship Bollards Market to Substantially Increase During the Forecast Period Owing to Rapid Adoption across Key Industries 2019-2029

The COVID-19 pandemic has caused supply and manufacturing disruptions in the automotive sector creating uncertainties in every aspect. The change in customer behavior in terms of mobility preferences during this crisis is changing the automotive landscape. 

This pandemic situation has shut down many production lines owing to the trade restrictions and closed borders, creating a shortage in required parts and limiting the distribution of supplies. Different enforced measures including the closing of workspaces and dismissal of short-time workers have created a depression in the growth rate of the automotive industry. 

The growing fear of recession is estimated to decrease overall sales and revenue. A limited supply of parts coupled with a reduced workforce has forced the leading OEMs to shut down their production. A significant drop in demand has restricted the cash inflow which is highly important in payment of salaries to the workforce. With growing uncertainties around the COVID-19 pandemic, the industry leaders are taking measures to adapt to the situation.

Ship Bollards Market: Introduction

Ship Bollards are structures, resembling a post on the berthing area of ships. The primary function of ship bollards is to secure the mooring lines of a ship. The concept of ship bollards came into existence in the 17th and 18th centuries when old cannons were used as posts to moor ships. Ship bollards, arranged in pairs are referred to as ‘bitts’. Ship bollards are primarily cylindrical in shape, but have a larger diameter on the top to prevent the mooring warps from loosening. Ship bollards present on oil tankers are also referred to as cruciform bollards which enable the securing and supporting of flexible hoses used in cargo operations.

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The material used for the manufacture of ship bollards is normally cast steel, ductile cast iron, and stainless steel. Ductile cast iron is the preferred material for the manufacture of ship bollards as the material is more resistant to corrosion than steel and is compatible with various types of coatings. In addition, the fluidic nature of the metal during the casting process lends a smoother finish to the end product. Cast steel ship bollards are more competitive than thick cast iron ship bollards as they are available in a wide range of load capacities. Moreover, the ductile nature of cast steel provides the ship bollards with a structural margin during overload situations.

Ship Bollard Market: Market Dynamics

The development of inland waterway systems and capacity expansion as well as the construction of newer ports is helping the growth of the ship bollards market. For instance, according to the Inland Waterways Authority of India’s July, 2018 report,  the Government is working on developing inland waterways in the country as it is a cleaner and cheaper mode of transportation in comparison to roadways and railways. The report adds that the Government has currently identified 36 inland waterways which are commercially viable and can be developed. This is one of the major factors which is helping in the growth of the ship bollards market.

Alternative mooring systems such as magnetic mooring and vacuum mooring are being deployed as they are cost effective and less time consuming. The use of such mooring systems eliminates the need for ropes and substantial manpower thereby minimizing costs. This factor is adversely impacting the growth of the ship bollards market.

Ship Bollards Market: Market Segmentation

The global Ship Bollards market can be segmented on the basis of material, bollard type, and ship type.

On the basis of material, the global Ship Bollards market is segmented into:

• Cast Iron
• Cast Steel
• Stainless Steel
• Others

On the basis of bollard type, the global Ship Bollards market is segmented into:

• Tee
• Horn
• Kidney
• Cleat Bollard
• Double Bitt
• Single Bitt
• Pillar

On the basis of ship type, the global Ship Bollards market is segmented into:

• Oil Tanker
• Cargo Ship / Container Carriers
• Dreamliner/ Cruise Ships
• Navy Vessels
• Others (Ro-Ro Ships, Fishing Vessels, and High Speed Crafts)

Ship Bollards Market: Regional Outlook

North America and Europe are the leading markets for ship bollards. The presence of a large number of ports in North America and the enforcement of environmental pollution control regulations in Europe are driving the growth of the ship bollards market in the region. Asia Pacific is expected to be the highest growth market for ship bollards as emerging nations such as China and India, in addition to other South-East Asian countries such as Indonesia, Singapore, and Thailand are investing heavily in the development of water based transportation and port development.

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Ship Bollards Market: Key Market Participants

Some of the key market participants in the global Ship Bollards market are:

• Trelleborg AB
• Prosertek Group S.L.
• Shanghai Zhiyou Marine & Offshore Equipment Co. Ltd.
• James Fisher & Sons, plc. (Fendercare Marine)
• ESC Group
• Walcon Marine Ltd.
• TEKMARINE Systems, LLC.
• Max Groups Marine Corporation
• Broxap Ltd.
• Schoellhorn-Albrecht Machine Co. Ltd.
• Zalda Technology
• Katradis Marine Ropes Ind. S.A.
• Maxtech Corporation Ltd.
• RCM Holland
• J C MacElroy Company, Inc.

The Ship Bollards market research report presents a comprehensive assessment of the Ship Bollards market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Ship Bollards market research report provides analysis and information according to market segments such as geographies, material, bollard type, coating type, capacity, ship type, and application areas.

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