Ship Anchor Chain Market Scope
The anchor chain is also known as anchor cable, which is a heavy chain used for holding a vessel at anchor. As there are no brakes on the ship for the simple reason that, the ship is floating on water. Therefore, when the ship is stopped and its engines are not running, there needs to be a mechanism to ensure that the ship does not drift freely in the sea. The tool for holding the ship in place is the ship anchor chain. Normally, the chains are made of marine steel or stainless steel with hot-dip galvanized treatment or black paint.
The market study is being classified by Type (Stud Link Anchor Chain and Studless Anchor Chain), by Application (Ships, Boats, Yachts and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that Chinese Manufacturers will contribute to the maximum growth of Global Ship Anchor Chain market throughout the predicted period.
Damen Shipyards Group (Netherlands), DCL Mooring and Rigging (United States), FenderCare (United Kingdom), Fountom Marine (China), Posidonia S.r.l. (Italy), Sotra Marine Produkter (Norway), Wortelboer (Netherlands), Asian Star Anchor Chain (Zhengmao Group) (China), Vicinay Marine (Spain) and Dai Han Anchor Chain (South Korea) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Schmeding Scandinavia Ltd (Denmark), Laiwu Iron and Steel Group Zibo Anchor Chain (China), Qindao Wancheng Anchor Chain (China), WuHan Jiangnan Anchor Chain (China) and Jiangsu Aohai Marine Fittings (China).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Ship Anchor Chain market by Type, Application and Region.
On the basis of geography, the market of Ship Anchor Chain 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, Norway, Denmark, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 12 June 2019, Damen Anchor & Chain Factory (AKF) signed a joint partnership agreement with Fendercare. Under the agreement, the partnership will build up complementary stock of anchors, chains and chain fittings and conduct installation of anchors and chains. Working together in this way will ensure the partnership’s clients of product availability from numerous, well-positioned locations around the world.
Market Trend
- High Test Chains Are Popular Because Of Their High Load Limit and Strength
Market Drivers
- The Growing Ship Building and Repairing Industry
- The Increasing Numbers of Ports Coupled with International Marine Trades
- The Surging Application of Boats for Leisure Purposes
- The Upsurging Boating Competitions Worldwide
Opportunities
- The Emerging Demand from Asia Pacific Region
Challenges
- Regular Inspection and Maintenance of Anchor Chain May Pose Major Challenge
Key Target Audience
Ship Anchor Chain Manufacturers, Ship Anchor Chain Raw Material Suppliers, Ship Anchor Chain Traders/Distributors, Ship Anchor Chain Importer/Exporter, Industry Associations, Downstream Vendors, End Users and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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