About Hatch Covers
Hatch covers are those covers which are used to cover as well as protect the cargo in the cargo spaces. The main function of using hatch covers is to protect as well as cover the cargo in the cargo spaces. Various types of material are used for manufacturing hatch covers such as aluminum hatches, steel hatches, among others. It mostly used on the ships on the basis of requirements are rolling type, lifting type, roll stowing type, among others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The hatch covers market is highly fragmented in nature with large number of international as well as regional players operating in the market. Various players operating in the market such as GlaxoSmithKline plc (United Kingdom), Achaogen, Inc. (United States), Cubist Pharmaceutical (United States), among others. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Hatch Covers market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Halliday Products (United States), Palm Equipment (United States), Neenah Foundry (United States), Oceansouth (United Kingdom), Oru Kayak (United States), MacGregor Group AB (Sweden), TTS, LLC (United States), Iknow Machinery Co., Ltd. (Japan) and Gurdesan (Turkey) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Cargotec Corporation (Finland), Iknow Machinery Co.,Ltd. (Japan), Baier & Baier Inc. (United States) and Coops & Nieborg Bv (Netherland).
Segmentation Overview
AMA Research has segmented the market of Global Hatch Covers market by Type (Lifting Type, Rolling Type, Folding Type, Sliding Type and Roll Stowing Type), Application (Service Vessels, Passenger Vessels, Fishing Vessels, Personal Watercraft & Sailboats and Others) and Region.
On the basis of geography, the market of Hatch Covers 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 Material, the sub-segment i.e. Aluminum Hatches will boost the Hatch Covers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Ship Hatch covers is also moved by a rolling gantry crane
Market Growth Drivers:
Growth in the Shipbuilding Industry across the Globe and Growth of Fishing Industry and Marine Tourism Worldwide
Challenges:
Issue related to Loss of weathertight integrity continues to be a constant factor leading to cargo damage
Restraints:
Regulations related to the concentration of emission of harmful gases that are emitted by the marine vessel such as CO2, SOx, NOx, and others
Opportunities:
Increasing Demand from Emerging Economic such as China and India and Government Initiatives to Expand the Processed Hatch Covers Market
In April 2017, the United Kingdom Mutual Steam Ship Assurance Association has advised on the importance of hatch cover maintenance. Hence, it will affect the growth of the market in the future.
According to the International Labour Organization (Switzerland), “These Regulations may be cited as the Merchant Shipping (Hatches and Lifting Plant) Regulations 1990 and shall come into operation on 1 April 1990”. Hence, this regulation may act hamper for market growth.
Key Target Audience
Hatch Covers Manufactures, Government Associations, Market Research and Consulting Firms and Government Regulatory Authorities
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.