Scope of the Study
Beacon buoys are defined as the floating device which is mainly attached to the sea bottom with solid concrete blocks. It is also known as sinkers. Numerous types of floating markers are used in the ocean or sea such as lateral, cardinal, special, isolated danger, safer water, among others. Increasing usage of can beacon buoys in various application such as Offshore, Coastal & Harbor, Inland waters, among others are some of the major factors which affect the growth of the market in the future.
The market study is being classified by Type (Metal Buoys and Plastic Buoys), by Application (Offshore, Coastal & Harbor and Inland Waters) and major geographies with country level break-up.
Fender Care Marine Solutions Limited (United Kingdom), Meritaito (Finland), Xylem Inc. (United States), Zeniya Aluminum Engineering Group (Japan), Sealite Co., Ltd. (China), Ryokuseisha (Japan), Resinex Uk Ltd. (United Kingdom), Corilla Plastics Limited (United Kingdom), Almarin (Spain) and Mobilis (Spain) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Shandong Buoy&Pipe (France), JFC Manufacturing Co Ltd (United Kingdom), Mediterraneo Senales Maritimas (Spain), Carmanah Technologies Corporation (Canada), Shanghai Rokem International Co.,Ltd. (China), Woori Marine Co., Ltd. (France), Gisman (Iran) and Wet Tech Energy (United States).
The market appears to be highly fragmented and with the presence of several companies including Fender Care Marine Solutions Limited (United Kingdom), Meritaito (Finland), Xylem Inc. (United States), among others Research Analyst at AMA predicts that United Kingdom Manufacturers will contribute to the maximum growth of Global Beacon Buoys market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Beacon Buoys market by Type, Application and Region.
On the basis of geography, the market of Beacon Buoys has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct Sales will boost the Beacon Buoys market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in Demand for Buoys for Imports and Exports Applications
- Growing Demand of Buoys in Offshore and Inland waters across the World
- One of the latest Trend of this Market is Rising Demand due to Multiple Systems in Buoys
- Major Concern related to High Prices of Can Beacon Buoys Products
- Rising Demand from Emerging Economics such as China, India, Brazil, Philippines, among others
- Lack of Awareness of Can Beacon Buoys Products in Some Countries
- The problem regarding Leakage at The Seabed is Difficult to Control
In 2017, the JFC Marine Company (Ireland) has launched Gannet 1500 buoy products, which provides a cost-effective solution for Ports as well as Harbours operators. Hence, it will affect the growth of the market in the future.
Key Target AudienceBeacon Buoys Manufacturers, Beacon Buoys Traders, End-Use Market Participants of Different Segments of Can Beacon Buoys, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others
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