Marine Buoys Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released an in-depth report on the global Marine Buoys market. The report provides a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, offering detailed insights into the market structure.

Key Insights:

Marine Buoys Market Size (2024E): USD 945.5 Mn
Projected Market Value (2031F): USD 1.3 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 4.2%

Marine Buoys Market - Report Scope:

Marine buoys play a critical role in maritime navigation, safety, and environmental monitoring. These floating devices are essential for marking maritime channels, monitoring weather conditions, and supporting navigation systems. The Marine Buoys market caters to a range of applications including coastal surveillance, offshore drilling, and recreational boating. The market includes various types of buoys such as navigation buoys, weather buoys, and data buoys, each serving specific functions in different marine environments.

Market growth is driven by increased maritime activities, advancements in buoy technology, and rising concerns about marine safety and environmental monitoring. Innovations in buoy design and materials are enhancing durability and functionality, making them more effective in harsh marine conditions.

Market Growth Drivers:

Several key factors are propelling the growth of the Marine Buoys market, including the expansion of global maritime trade and the increasing need for advanced navigation aids. The rise in offshore oil and gas exploration, as well as the growth in recreational boating and maritime tourism, further drive demand for marine buoys. Technological advancements such as the integration of GPS and satellite communication in buoys are improving their functionality and accuracy. Additionally, the growing emphasis on environmental protection and marine safety is boosting the adoption of sophisticated monitoring systems.

Market Restraints:

Despite positive growth prospects, the Marine Buoys market faces challenges related to high initial investment and maintenance costs. The complex regulatory environment governing marine operations and safety standards can also pose barriers to market entry and expansion. Furthermore, adverse weather conditions and rough marine environments can affect the durability and performance of marine buoys, necessitating ongoing research and development to address these issues.

Market Opportunities:

The Marine Buoys market presents significant growth opportunities driven by technological innovations and increasing investment in marine infrastructure. Advances in materials science, such as the development of more resilient and lightweight buoy components, offer potential for market expansion. The integration of Internet of Things (IoT) technologies and artificial intelligence (AI) in buoy systems is expected to enhance data collection and analysis capabilities. Additionally, the growing focus on marine conservation and the need for enhanced environmental monitoring create new opportunities for market players to develop and deploy advanced buoy solutions.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Marine Buoys market globally?
Which buoy types and applications are driving adoption across different marine environments?
How are technological advancements reshaping the competitive landscape of the Marine Buoys market?
Who are the key players contributing to the Marine Buoys market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global Marine Buoys market?

Competitive Intelligence and Business Strategy:

Leading players in the global Marine Buoys market, including SPX Flow, Inc., The Maritime Buoys Company, Oceanographic Systems, Inc., and Murdock Marine, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced buoy technologies, including autonomous and remotely operated systems, to cater to diverse marine applications. Collaborations with maritime organizations, research institutions, and regulatory bodies facilitate market access and promote technology adoption. Emphasis on product reliability, data accuracy, and user-friendliness is crucial for maintaining market leadership in the evolving marine buoys landscape.

Key Companies Profiled:

James Fisher and Sons plc
Marine Instruments S.A.
Wealth Marine Pte Ltd
JFC Marine Ltd.
Walsh Marine Products
AXYS Technologies Inc.
Ocean Scientific International Ltd (OSIL)
A-Laiturit
Pharos Marine Automatic Power
Mediterraneo Senales Maritimas S.L
Zeni Lite Buoy Co., Ltd
Floatex Srl
Fugro N.V.
Fendercare Marine Solutions Limited
Sealite Pty Ltd
Plastech Industrial Co

Marine Buoys Market Segmentation

By Product

Navigational Buoys
Marker Buoys
Life Buoys
Mooring Buoys
Military Buoys

By Material

Plastic
Metal
Wood

By Region

North America
Europe
East Asia
South Asia & Oceania
Latin America
The Middle East and Africa

Product Code: PMRREP32280

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies

5. Global Market Demand Analysis 2019-2023 and Forecast, 2024-2031

5.1. Historical Market Volume ('000 Units) Analysis, 2019-2023
5.2. Current and Future Market Volume ('000 Units) Projections, 2024-2031
5.3. Y-o-Y Growth Trend Analysis

6. Global Market - Pricing Analysis

6.1. Regional Pricing Analysis By Product
6.2. Global Average Pricing Analysis Benchmark

7. Global Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2031

7.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2031
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
- 8.1.1. Global Economic Growth Outlook
- 8.1.2. Real GDP Growth
- 8.1.3. Industry Value Added
- 8.1.4. Manufacturing Industry Value Added
- 8.1.5. Global Marine Industry Outlook
- 8.1.6. Other Key Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
- 8.2.1. Maritime Tourism Growth
- 8.2.2. Increasing Defense Spending
- 8.2.3. Increasing Recreational Activities
- 8.2.4. Urbanization & Industrialization Growth
- 8.2.5. Ship Building Industry Growth
- 8.2.6. Other Key Forecast Factors
8.3. Value Chain
- 8.3.1. List of Manufacturers
8.4. COVID-19 Crisis - Impact Assessment
- 8.4.1. Current Statistics
- 8.4.2. Short-Mid-Long Term Outlook
- 8.4.3. Likely Rebound
8.5. Market Dynamics
- 8.5.1. Drivers
- 8.5.2. Restraints
- 8.5.3. Opportunity Analysis

9. Global Market Analysis 2019-2023 and Forecast 2024-2031, By Product Type

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Product Type, 2019-2023
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product Type, 2024-2031
- 9.3.1. Mooring Buoys
- 9.3.2. Anchor Buoys
- 9.3.3. Signaling Buoys
- 9.3.4. Cardinal Buoys
- 9.3.5. Beacon Buoys
- 9.3.6. Fender Buoys
- 9.3.7. Lifebuoys
- 9.3.8. Others
9.4. Market Attractiveness Analysis By Product Type

10. Global Market Analysis 2019-2023 and Forecast 2024-2031, By Material Type

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Material Type, 2019-2023
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Material Type, 2024-2031
- 10.3.1. Plastic
- 10.3.2. Metal
- 10.3.3. Wood
10.4. Market Attractiveness Analysis By Material Type

11. Global Market Analysis 2019-2023 and Forecast 2024-2031, By Application

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2019-2023
11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2024-2031
- 11.3.1. Aquaculture
- 11.3.2. Fishing
- 11.3.3. Ports
- 11.3.4. Navigation
- 11.3.5. Energy Exploration & Production
- 11.3.6. Naval Defence & Maritime Security
- 11.3.7. Research, Academia and Monitoring
- 11.3.8. Water sports, Recreation & Diving
- 11.3.9. Others
11.4. Market Attractiveness Analysis By Application

12. Global Market Analysis 2019-2023 and Forecast 2024-2031, by Region

12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2019-2023
12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2024-2031
- 12.3.1. North America
- 12.3.2. Latin America
- 12.3.3. Europe
- 12.3.4. East Asia
- 12.3.5. South Asia and the Pacific
- 12.3.6. The Middle East and Africa (MEA)
12.4. Market Attractiveness Analysis By Region

13. North America Market Analysis 2019-2023 and Forecast 2024-2031

13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2031
- 13.4.1. By Country
  - 13.4.1.1. U.S.
  - 13.4.1.2. Canada
- 13.4.2. By Product Type
- 13.4.3. By Material Type
- 13.4.4. By Application
13.5. Market Attractiveness Analysis
- 13.5.1. By Country
- 13.5.2. By Product Type
- 13.5.3. By Material Type
- 13.5.4. By Application
13.6. Market Trends
13.7. Key Market Participants - Intensity Mapping
13.8. Drivers and Restraints - Impact Analysis

14. Latin America Market Analysis 2019-2023 and Forecast 2024-2031

14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2031
- 14.4.1. By Country
  - 14.4.1.1. Brazil
  - 14.4.1.2. Mexico
  - 14.4.1.3. Rest of Latin America
- 14.4.2. By Product Type
- 14.4.3. By Material Type
- 14.4.4. By Application
14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By Product Type
- 14.5.3. By Material Type
- 14.5.4. By Application
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis

15. Europe Market Analysis 2019-2023 and Forecast 2024-2031

15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2031
- 15.4.1. By Country
  - 15.4.1.1. Germany
  - 15.4.1.2. Italy
  - 15.4.1.3. France
  - 15.4.1.4. The U.K.
  - 15.4.1.5. Spain
  - 15.4.1.6. BENELUX
  - 15.4.1.7. Russia
  - 15.4.1.8. Rest of Europe
- 15.4.2. By Product Type
- 15.4.3. By Material Type
- 15.4.4. By Application
15.5. Market Attractiveness Analysis
- 15.5.1. By Country
- 15.5.2. By Product Type
- 15.5.3. By Material Type
- 15.5.4. By Application
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis

16. South Asia and Pacific Market Analysis 2019-2023 and Forecast 2024-2031

16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2031
- 16.4.1. By Country
  - 16.4.1.1. India
  - 16.4.1.2. ASEAN
  - 16.4.1.3. ANZ
  - 16.4.1.4. Rest of South Asia & Pacific
- 16.4.2. By Product Type
- 16.4.3. By Material Type
- 16.4.4. By Application
16.5. Market Attractiveness Analysis
- 16.5.1. By Country
- 16.5.2. By Product Type
- 16.5.3. By Material Type
- 16.5.4. By Application
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis

17. East Asia Market Analysis 2019-2023 and Forecast 2024-2031

17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2031
- 17.4.1. By Country
  - 17.4.1.1. China
  - 17.4.1.2. Japan
  - 17.4.1.3. South Korea
- 17.4.2. By Product Type
- 17.4.3. By Material Type
- 17.4.4. By Application
17.5. Market Attractiveness Analysis
- 17.5.1. By Country
- 17.5.2. By Product Type
- 17.5.3. By Material Type
- 17.5.4. By Application
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis

18. The Middle East and Africa Market Analysis 2019-2023 and Forecast 2024-2031

18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2031
- 18.4.1. By Country
  - 18.4.1.1. GCC Countries
  - 18.4.1.2. Turkey
  - 18.4.1.3. Northern Africa
  - 18.4.1.4. South Africa
  - 18.4.1.5. Rest of the Middle East and Africa
- 18.4.2. By Product Type
- 18.4.3. By Material Type
- 18.4.4. By Application
18.5. Market Attractiveness Analysis
- 18.5.1. By Country
- 18.5.2. By Product Type
- 18.5.3. By Material Type
- 18.5.4. By Application
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis

19. Country wise Market Analysis

19.1. Introduction
- 19.1.1. Market Value Proportion Analysis, By Key Countries
- 19.1.2. Global Vs. Country Growth Comparison
19.2. U.S. Market Analysis
- 19.2.1. By Product Type
- 19.2.2. By Material Type
- 19.2.3. By Application
19.3. Canada Market Analysis
- 19.3.1. By Product Type
- 19.3.2. By Material Type
- 19.3.3. By Application
19.4. Mexico Market Analysis
- 19.4.1. By Product Type
- 19.4.2. By Material Type
- 19.4.3. By Application
19.5. Brazil Market Analysis
- 19.5.1. By Product Type
- 19.5.2. By Material Type
- 19.5.3. By Application
19.6. Germany Market Analysis
- 19.6.1. By Product Type
- 19.6.2. By Material Type
- 19.6.3. By Application
19.7. Italy Market Analysis
- 19.7.1. By Product Type
- 19.7.2. By Material Type
- 19.7.3. By Application
19.8. France Market Analysis
- 19.8.1. By Product Type
- 19.8.2. By Material Type
- 19.8.3. By Application
19.9. U.K. Market Analysis
- 19.9.1. By Product Type
- 19.9.2. By Material Type
- 19.9.3. By Application
19.10. Spain Market Analysis
- 19.10.1. By Product Type
- 19.10.2. By Material Type
- 19.10.3. By Application
19.11. BENELUX Market Analysis
- 19.11.1. By Product Type
- 19.11.2. By Material Type
- 19.11.3. By Application
19.12. Russia Market Analysis
- 19.12.1. By Product Type
- 19.12.2. By Material Type
- 19.12.3. By Application
19.13. China Market Analysis
- 19.13.1. By Product Type
- 19.13.2. By Material Type
- 19.13.3. By Application
19.14. Japan Market Analysis
- 19.14.1. By Product Type
- 19.14.2. By Material Type
- 19.14.3. By Application
19.15. S. Korea Market Analysis
- 19.15.1. By Product Type
- 19.15.2. By Material Type
- 19.15.3. By Application
19.16. India Market Analysis
- 19.16.1. By Product Type
- 19.16.2. By Material Type
- 19.16.3. By Application
19.17. ASEAN Market Analysis
- 19.17.1. By Product Type
- 19.17.2. By Material Type
- 19.17.3. By Application
19.18. Australia and New Zealand Market Analysis
- 19.18.1. By Product Type
- 19.18.2. By Material Type
- 19.18.3. By Application
19.19. GCC Countries Market Analysis
- 19.19.1. By Product Type
- 19.19.2. By Material Type
- 19.19.3. By Application
19.20. Turkey Market Analysis
- 19.20.1. By Product Type
- 19.20.2. By Material Type
- 19.20.3. By Application
19.21. Northern Africa Market Analysis
- 19.21.1. By Product Type
- 19.21.2. By Material Type
- 19.21.3. By Application
19.22. South Africa Market Analysis
- 19.22.1. By Product Type
- 19.22.2. By Material Type
- 19.22.3. By Application

20. Market Structure Analysis

20.1. Market Analysis by Tier of Companies
20.2. Market Share Analysis of Top Players
20.3. Market Presence Analysis

21. Competition Analysis

21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
- 21.3.1. James Fisher and Sons plc
  - 21.3.1.1. Overview
  - 21.3.1.2. Product Portfolio
  - 21.3.1.3. Key Financials by Market Segments (Product/Region)
  - 21.3.1.4. Sales Footprint
  - 21.3.1.5. Strategy Overview
- 21.3.2. Marine Instruments S.A.
  - 21.3.2.1. Overview
  - 21.3.2.2. Product Portfolio
  - 21.3.2.3. Key Financials by Market Segments (Product/Region)
  - 21.3.2.4. Sales Footprint
  - 21.3.2.5. Strategy Overview
- 21.3.3. Wealth Marine Pte Ltd
  - 21.3.3.1. Overview
  - 21.3.3.2. Product Portfolio
  - 21.3.3.3. Key Financials by Market Segments (Product/Region)
  - 21.3.3.4. Sales Footprint
  - 21.3.3.5. Strategy Overview
- 21.3.4. JFC Marine Ltd.
  - 21.3.4.1. Overview
  - 21.3.4.2. Product Portfolio
  - 21.3.4.3. Key Financials by Market Segments (Product/Region)
  - 21.3.4.4. Sales Footprint
  - 21.3.4.5. Strategy Overview
- 21.3.5. Walsh Marine Products
  - 21.3.5.1. Overview
  - 21.3.5.2. Product Portfolio
  - 21.3.5.3. Key Financials by Market Segments (Product/Region)
  - 21.3.5.4. Sales Footprint
  - 21.3.5.5. Strategy Overview
- 21.3.6. AXYS Technologies Inc.
  - 21.3.6.1. Overview
  - 21.3.6.2. Product Portfolio
  - 21.3.6.3. Key Financials by Market Segments (Product/Region)
  - 21.3.6.4. Sales Footprint
  - 21.3.6.5. Strategy Overview
- 21.3.7. Ocean Scientific International Ltd (OSIL)
  - 21.3.7.1. Overview
  - 21.3.7.2. Product Portfolio
  - 21.3.7.3. Key Financials by Market Segments (Product/Region)
  - 21.3.7.4. Sales Footprint
  - 21.3.7.5. Strategy Overview
- 21.3.8. A-Laiturit
  - 21.3.8.1. Overview
  - 21.3.8.2. Product Portfolio
  - 21.3.8.3. Key Financials by Market Segments (Product/Region)
  - 21.3.8.4. Sales Footprint
  - 21.3.8.5. Strategy Overview
- 21.3.9. Pharos Marine Automatic Power
  - 21.3.9.1. Overview
  - 21.3.9.2. Product Portfolio
  - 21.3.9.3. Key Financials by Market Segments (Product/Region)
  - 21.3.9.4. Sales Footprint
  - 21.3.9.5. Strategy Overview
- 21.3.10. Mediterraneo Senales Maritimas S.L
  - 21.3.10.1. Overview
  - 21.3.10.2. Product Portfolio
  - 21.3.10.3. Key Financials by Market Segments (Product/Region)
  - 21.3.10.4. Sales Footprint
  - 21.3.10.5. Strategy Overview
- 21.3.11. Zeni Lite Buoy Co., Ltd
  - 21.3.11.1. Overview
  - 21.3.11.2. Product Portfolio
  - 21.3.11.3. Key Financials by Market Segments (Product/Region)
  - 21.3.11.4. Sales Footprint
  - 21.3.11.5. Strategy Overview
- 21.3.12. Floatex Srl
  - 21.3.12.1. Overview
  - 21.3.12.2. Product Portfolio
  - 21.3.12.3. Key Financials by Market Segments (Product/Region)
  - 21.3.12.4. Sales Footprint
  - 21.3.12.5. Strategy Overview
- 21.3.13. Fugro N.V.
  - 21.3.13.1. Overview
  - 21.3.13.2. Product Portfolio
  - 21.3.13.3. Key Financials by Market Segments (Product/Region)
  - 21.3.13.4. Sales Footprint
  - 21.3.13.5. Strategy Overview
- 21.3.14. Fendercare Marine Solutions Limited
  - 21.3.14.1. Overview
  - 21.3.14.2. Product Portfolio
  - 21.3.14.3. Key Financials by Market Segments (Product/Region)
  - 21.3.14.4. Sales Footprint
  - 21.3.14.5. Strategy Overview
- 21.3.15. Sealite Pty Ltd
  - 21.3.15.1. Overview
  - 21.3.15.2. Product Portfolio
  - 21.3.15.3. Key Financials by Market Segments (Product/Region)
  - 21.3.15.4. Sales Footprint
  - 21.3.15.5. Strategy Overview
- 21.3.16. Plastech Industrial Co
  - 21.3.16.1. Overview
  - 21.3.16.2. Product Portfolio
  - 21.3.16.3. Key Financials by Market Segments (Product/Region)
  - 21.3.16.4. Sales Footprint
  - 21.3.16.5. Strategy Overview