Report Code : CVMI24071907 | Published Date : July 16, 2024
The global marine hardware market has surged from USD 14.9 billion in 2019 to USD 22.3 billion in 2023 (9.1% CAGR), with projections reaching USD 41.9 billion by 2031 (8.9% CAGR). Three oceanic megatrends are driving this growth:
2024 Industry Transformations
- Green Shipping Revolution:
- The IMO's Carbon Intensity Indicator (CII) regulations are compelling retrofits
- 45% of global fleets are now upgrading to eco-hardware
- Autonomous Vessel Boom:
- Kongsberg's situational awareness systems drive 300% growth in sensor readiness hardware
- Superyacht Tech Arms Race:
- USD 2.1 billion spent each year on AI-controlled stabilization systems
2. Market Drivers
Regulatory Tsunami
- IMO 2023 Sulphur Cap:
- Requires scrubber-compatible hardware on all vessels >400GT
- Creates USD 7.2 billion retrofit market
- EU ETS Maritime Inclusion:
- Carbon pricing driving 15% efficiency gains via hardware upgrades
Material Science Breakthroughs
- Graphene-Enhanced Bronze:
- 90% less biofouling vs. traditional alloys (Wärtsilä SeaGuard™)
- Self-Polishing Copolymers:
- Hempel's Globic 9000 reduces drag by 12% through nano-surface tuning
Digitalization Wave
- Smart Mooring Systems:
- Schottel's AI tensioners predict line failures 72 hours in advance
- Blockchain for Class Certification:
- ABS's digital twin verification cuts paperwork by 80%
3. Competitive Landscape
Market Share Analysis (Q3 2024)
Company |
Market Share |
Flagship Innovation |
Strategic Advantage |
Wärtsilä |
24% |
AI-powered thruster systems |
Green retrofit leader |
Vallianz Holdings |
19% |
Hydrogen-compatible deck gear |
APAC offshore dominance |
Damen Shipyards |
15% |
Modular hardware swap systems |
Navy contracts |
Brunswick |
12% |
IoT-enabled marina infrastructure |
Recreational market control |
Emerging Disruptors
- EcoClipper: hardware for zero-emission sail cargo vessels shipping
- SeaMach: Self-lubricating bearings with a 100,000-hour service life life
4. Market Segmentation
By Vessel Type
- Commercial Shipping (52% share):
- Scrubber retrofits driving 11.2% CAGR
- Naval (XX%):
- Unmanned surface vessel hardware growing at 28% CAGR
- Recreational (XX%):
- Superyacht tech pushing premiumization
By Technology
- Connected Hardware (XX%):
- Predictive maintenance systems are now present in 35% of newbuilds
- Traditional (XX%):
- Still dominates bulk carrier segments
By Region
- Asia-Pacific (XX% share):
- 82% of the global shipbuilding industry activity
- Europe (XX%):
- IMO regulatory leadership drives innovation
5. Recent Developments (2024)
- July 2024: First ammonia-compatible valve systems begin testing (Wärtsilä)
- May 2024: AI-controlled dynamic positioning certified for autonomous tankers
- March 2024: 3D-printed propeller shafts approved by Lloyd's Register
Reasons To Buy

Scope

Key Players
- Attwood Marine Products
- Perko Inc.
- Sea-Dog Corporation
- Schaefer Marine
- Marine Hardware Inc.
Global Marine Hardware Market Report
- 1. Global Marine Hardware Market Research Report
- 1.1 Study Objectives
- 1.2 Global Marine Hardware Market - Overview
- 1.3 Reason to Read This Report
- 1.4 Methodology and Forecast Analysis
- 2.1 Global Marine Hardware Market Research Report – Detailed Scope and Definitions
- 2.1.1 By Type
- 2.1.2 By Material
- 2.1.3 By Application
- 2.1.4 By End User
- 2.1.5 By Sales Channel
- 2.1.6 By Function
- 2.1.7 By Region
- 3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
- 3.2. Restraints – By Type, By Material, By Application, By End User, By Sales Channel, By Function, By Country
- 3.3. Opportunities – By Type, By Material, By Application, By End User, By Sales Channel, By Function, By Country
- 3.4. Trends – By Type, By Material, By Application, By End User, By Sales Channel, By Function, By Country
- 3.5. PEST Analysis
- 3.6. Porters Five Rule Analysis
- 3.7. Company’s Share Analysis (CSA) by Region or By Country
- 3.8. Global Marine Hardware Market Research Report – DROTs Impact Analysis
- 4.1. Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 4.2. Annual Market Trend Assessment – Year-on-Year (YoY) Growth Analysis (%)
- 4.3. Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
- 4.4. Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.1 Anchors
- 5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.2 Cleats
- 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.3 Chains
- 5.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.4 Winches
- 5.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.1 Stainless Steel
- 6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.2 Aluminum
- 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.3 Plastic
- 6.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.1 Commercial Ships
- 7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.2 Recreational Boats
- 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.3 Defense Vessels
- 7.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.1 Shipyards
- 8.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.2 Marinas
- 8.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.3 Boat Manufacturers
- 8.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.1 Direct Sales
- 9.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.2 Distributors
- 9.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.3 Online Retail
- 9.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 10.1 Mooring
- 10.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 10.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 10.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 10.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 10.2 Anchoring
- 10.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 10.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 10.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 10.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 10.3 Lifting
- 10.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 10.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 10.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 10.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 11.1 North America
- 11.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 11.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 11.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 11.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 11.2 Europe
- 11.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 11.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 11.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 11.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 11.3 Asia-Pacific
- 11.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 11.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 11.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 11.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 11.4 Latin America
- 11.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 11.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 11.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 11.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 11.5 Middle East & Africa
- 11.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 11.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 11.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 11.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 11.6 Global Marine Hardware Market - Opportunity Analysis Index, By Type, By Material, By Application, By End User, By Sales Channel, By Function, and Region, 2024 - 2031
- 12.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 12.1.1 Anchors
- 12.1.2 Cleats
- 12.1.3 Chains
- 12.1.4 Winches
- 12.2.1 Stainless Steel
- 12.2.2 Aluminum
- 12.2.3 Plastic
- 12.3.1 Commercial Ships
- 12.3.2 Recreational Boats
- 12.3.3 Defense Vessels
- 12.4.1 Shipyards
- 12.4.2 Marinas
- 12.4.3 Boat Manufacturers
- 12.5.1 Direct Sales
- 12.5.2 Distributors
- 12.5.3 Online Retail
- 12.6.1 Mooring
- 12.6.2 Anchoring
- 12.6.3 Lifting
- 12.7.1 United States
- 12.7.2 Canada
12.9 Regional Trends Analysis
12.10 North America Global Marine Hardware Market Research Report - Company Profiles- 12.10.1 Company 1 (United States)
- 12.10.2 Company 2 (Canada)
- 12.10.3 Company 3 (Canada)
- 13.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 13.1.1 Anchors
- 13.1.2 Cleats
- 13.1.3 Chains
- 13.1.4 Winches
- 13.2.1 Stainless Steel
- 13.2.2 Aluminum
- 13.2.3 Plastic
- 13.3.1 Commercial Ships
- 13.3.2 Recreational Boats
- 13.3.3 Defense Vessels
- 13.4.1 Shipyards
- 13.4.2 Marinas
- 13.4.3 Boat Manufacturers
- 13.5.1 Direct Sales
- 13.5.2 Distributors
- 13.5.3 Online Retail
- 13.6.1 Mooring
- 13.6.2 Anchoring
- 13.6.3 Lifting
- 13.7.1 Germany
- 13.7.2 United Kingdom
- 13.7.3 France
- 13.7.4 Spain
- 13.7.5 Italy
- 13.7.6 Russia
- 13.7.7 Netherlands
- 13.7.8 Poland
- 13.7.9 Rest of Europe
13.9 Regional Trends Analysis
13.10 Europe Global Marine Hardware Market Research Report - Company Profiles- 13.10.1 Company 1 (Germany)
- 13.10.2 Company 2 (United Kingdom)
- 13.10.3 Company 3 (United Kingdom)
- 14.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 14.1.1 Anchors
- 14.1.2 Cleats
- 14.1.3 Chains
- 14.1.4 Winches
- 14.2.1 Stainless Steel
- 14.2.2 Aluminum
- 14.2.3 Plastic
- 14.3.1 Commercial Ships
- 14.3.2 Recreational Boats
- 14.3.3 Defense Vessels
- 14.4.1 Shipyards
- 14.4.2 Marinas
- 14.4.3 Boat Manufacturers
- 14.5.1 Direct Sales
- 14.5.2 Distributors
- 14.5.3 Online Retail
- 14.6.1 Mooring
- 14.6.2 Anchoring
- 14.6.3 Lifting
- 14.7.1 China
- 14.7.2 Japan
- 14.7.3 India
- 14.7.4 South Korea
- 14.7.5 Australia & NZ
- 14.7.6 ASEAN
- 14.7.7 Rest of Asia-Pacific
14.9 Regional Trends Analysis
14.10 Asia-Pacific Global Marine Hardware Market Research Report - Company Profiles- 14.10.1 Company 1 (China)
- 14.10.2 Company 2 (Japan)
- 14.10.3 Company 3 (Japan)
- 15.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 15.1.1 Anchors
- 15.1.2 Cleats
- 15.1.3 Chains
- 15.1.4 Winches
- 15.2.1 Stainless Steel
- 15.2.2 Aluminum
- 15.2.3 Plastic
- 15.3.1 Commercial Ships
- 15.3.2 Recreational Boats
- 15.3.3 Defense Vessels
- 15.4.1 Shipyards
- 15.4.2 Marinas
- 15.4.3 Boat Manufacturers
- 15.5.1 Direct Sales
- 15.5.2 Distributors
- 15.5.3 Online Retail
- 15.6.1 Mooring
- 15.6.2 Anchoring
- 15.6.3 Lifting
- 15.7.1 Brazil
- 15.7.2 Mexico
- 15.7.3 Argentina
- 15.7.4 Peru
- 15.7.5 Colombia
- 15.7.6 Rest of Latin America
15.9 Regional Trends Analysis
15.10 Latin America Global Marine Hardware Market Research Report - Company Profiles- 15.10.1 Company 1 (Brazil)
- 15.10.2 Company 2 (Mexico)
- 15.10.3 Company 3 (Mexico)
- 16.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 16.1.1 Anchors
- 16.1.2 Cleats
- 16.1.3 Chains
- 16.1.4 Winches
- 16.2.1 Stainless Steel
- 16.2.2 Aluminum
- 16.2.3 Plastic
- 16.3.1 Commercial Ships
- 16.3.2 Recreational Boats
- 16.3.3 Defense Vessels
- 16.4.1 Shipyards
- 16.4.2 Marinas
- 16.4.3 Boat Manufacturers
- 16.5.1 Direct Sales
- 16.5.2 Distributors
- 16.5.3 Online Retail
- 16.6.1 Mooring
- 16.6.2 Anchoring
- 16.6.3 Lifting
- 16.7.1 Saudi Arabia
- 16.7.2 UAE
- 16.7.3 South Africa
- 16.7.4 Egypt
- 16.7.5 Israel
- 16.7.6 Rest of Middle East and Africa
16.9 Regional Trends Analysis
16.10 Middle East & Africa Global Marine Hardware Market Research Report - Company Profiles- 16.10.1 Company 1 (Saudi Arabia)
- 16.10.2 Company 2 (UAE)
- 16.10.3 Company 3 (UAE)
- 17.1 Strategic Dashboard of Top Market Players
17.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)- 17.2.1 Attwood Marine Products
- 17.2.2 Perko Inc.
- 17.2.3 Sea-Dog Corporation
- 17.2.4 Schaefer Marine
- 17.2.5 Marine Hardware Inc.
19. Principal Presumptions and Acronyms