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    Mooring Systems Market | Covid-19 Impact Analysis

    Mooring Systems Market | Covid-19 Impact Analysis

    Mooring Systems Market | Covid-19 Impact Analysis
    Report code - SROG132 Delivery - 2 Weeks
    Mooring Systems Market Size, Share, Trend, Forecast, & Industry Analysis – 2020- See more...
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    Impact of COVID-19 on Mooring Systems Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Mooring Systems Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Mooring Systems Market Insights

    Mooring Systems Market is likely to witness an impressive CAGR of 4.7% during the forecast period. The key drivers fueling the market are fast technological developments enhancing the drilling and production capability of rigs and vessels that help in exploration and production activities in the deep-water and ultra-deep-water areas, globally.  

    Mooring Systems Market - Snapshot

    Growth

    4.7% for the next five years

    Major Depth Type

    Deepwater

    Major Anchorage Type

    Vertical Load Anchor

    Dominant Application Type

    FPSO

    Dominant Mooring Type

    Single Point Mooring System

    Region with the highest demand

    Asia-Pacific

    Key Players

    Modec Inc. (Japan), Bluewater Holding B.V. (Netherlands), Cargotec Corporation (Finland), Delmar Systems, Inc. (U.S.), and Timberland Equipment limited (Canada).

     

    Market Share Analysis

    Mooring-Systems-Market-Dominant-Segments

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    Mooring Systems Market Share: By Depth Type

    Based on the depth type, the market is segmented as shallow water and deep/ultra-deepwater. The deepwater segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period.

    Mooring Systems Market Share: By Anchorage Type

    Based on the anchorage type, the market is segmented as drag embedment anchors, suction anchors, and vertical load anchors. The vertical load anchors’ segment led the market, accounting for over 25% share of the total revenue in 2019. The segment is estimated to maintain its leading position during the forecast period as well.

    Mooring Systems Market Share: By Application Type

    Based on the application type, the market has been segmented as Floating Production, Storage and Offloading (FPSO), SPAR platforms, Tension Leg Platform (TLP), Floating Liquefied Natural Gas (FLNG), and SPAR, Semi-Submersible. The FPSO segment holds the major share of the market and is likely to dominate the market in the coming five years.

    Mooring Systems Market Share: By Mooring Type

    Based on mooring type, the market is segmented as single point mooring, spread mooring systems, tendon mooring, and dynamic positioning. Out of the mentioned, the single point mooring segment occupies the major share. Single point mooring lets the vessels to weathervane and are capable of utilization in the mild-to-extreme offshore conditions. On the other hand, dynamic positioning is utilized in semi-submersibles and FPSOs, but is comparatively in its embryonic stage of development.

    Mooring Systems Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to lead the mooring systems market during the forecast period. Africa is expected to provide lucrative growth opportunities due to liberal regulatory policies and is expected to witness the highest growth. China and India are the major growth engines of the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Mooring-Systems-Market-By-Region

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    Some of the major mooring system manufacturers are-

    • Modec Inc.
    • Bluewater Holding B.V.
    • Cargotec Corporation
    • Delmar Systems, Inc.
    • Timberland Equipment limited.

     

    Market Scope & Segmentation

    Mooring Systems are consolidated bundles that include mooring lines, anchors, connectors, winches, fairleads, which are installed onto the vessels for station keeping of the drifting stages. The systems include applications related to the type of production vessels, such as FPSOs, SPARs, semi-submersibles, tension leg platforms, and by depth type such as, shallow and deep/ultra-deepwater segments.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Mooring Systems Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    8

     

    The mooring systems market is segmented into the following categories. 

    Mooring Systems Market Size, Share, & Forecast, by Depth Type:

    • Shallow Water (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Deepwater (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Mooring Systems Market Size, Share, & Forecast, by Anchorage Type:

    • Drag Embedment Anchors (DEA) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Vertical Load Anchors (VLA) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Suction Anchors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Mooring Systems Market Size, Share, & Forecast, by Application Type:

    • Floating Production Storage & Offloading (FPSO) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Tension Leg Platform (TLP) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • SPAR, Semi-Submersible (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Floating Liquefied Natural Gas (FLNG) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Mooring Systems Market Size, Share, & Forecast, by Mooring Type:

    • Single Point (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Spread Mooring (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Dynamic Positioning (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Tendon (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Mooring Systems Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Mooring-Systems-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the mooring types by application type.   

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Mooring Systems Market in the foreseeable future?

    The mooring systems market is expected to witness an impressive growth of 4.7% CAGR in the foreseeable future.

    Who are the key players in the Mooring Systems Market?

    Modec Inc., Bluewater Holding B.V., Cargotec Corporation, Delmar Systems, Inc., and Timberland Equipment limited are among the key players in the Mooring Systems Market.

    Which country/region is expected to lead the Mooring Systems Market?

    Asia-pacific is expected to lead the mooring systems market during the next five years.

    Which depth type is expected to remain dominant in the Mooring Systems Market?

    The deepwater segment is expected to remain dominant in the mooring systems market in the coming years.

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