Gangways are among narrow variable-sloped pedestrian passages that give access from a dock to a ship. They are designed to enable transit of people from ship-to-ground. These are mounted on ships so as to facilitate the stevedoring and offshore transfer of necessities to the ship. Marine and dock gangways are designed in reference to the many marine construction standards. Furthermore, it is advantageous in the situations of an emergency, which may occur at any time.  They are mostly used for material transfer in the marine medium. In addition, marine gangways are used especially during maintenance activities and also during the offshore construction.

Market scope and structure analysis :

COVID-19 scenario analysis : 

COVID 19 Scenario 

The COVID-19 has extremely affected the economy in the world in a negative way, hence the marine and dock gangways market also got affected abruptly and experienced a slowdown in the generation of revenue. There were strict regulations by governments of various countries, which caused reduction in demand for marine and dock gangways in the current scenario. Furthermore, industries are focusing on innovations during the lockdown situation, such that it could help gain attention of majority of the players during the forecast period..

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The surge in the demand for the marine and dock gangways in oil and gas industry in the developed and developing countries in the coming years. The increase in the demand of marine and dock gangways in the shipping industry and also the new port construction, expansion projects are estimated to boost the growth of the industry in the next years. Furthermore, the rise in the defense budget to modernize and strengthen defense forces would give a lucrative growth in the forecast period. The increase in the wholesale trade, expansion of the newer trading regions and the offshore wind energy  projects worldwide in the next few years.

The global marine and dock gangways market trends are as follows:

Product launches to help boost the marine and dock gangways market

There is an increase in demand for the upgraded products, thus surge in the product launches are observed such that it captures the majority of the market is anticipated to propel the market growth in the coming years.  The major players are focusing over the advancements of the product and hence are expanding such that it helps the industry to gain higher revenue shares in the forecast period. For instance, in August 2018, SafeRack, the world’s largest manufacturer of truck and railcar loading platforms and safety equipment, had announced the latest addition to its premier safe access and fall protection product line.

MarinaStep is one of the innovative line of the ship and marine gangways and access ramps, specifically designed for the maritime marketplace. Furthermore, access ramps and gangways are constructed using a U-body frame which requires fewer welds, producing a stronger product. This helps in a longer service life with less downtime and equipment replacements due to weld the failure. Also, the inspiration comes from the flagship brand, SafeRack and its industry-leading safe access gangways and our innovative patented technology and modular access systems.

Surge in demand in defense sector to boost the industry 

The growth in the need of the marine and dock gangways in the defense sector would help the market to maintain lucrative growth in the coming years. Furthermore, the use of the dock is observed higher in the current scenario and is observed to boost significantly in the defense sector. Various countries are concerned with the securities and are hence anticipated to fuel the market of marine and dock gangways in the next few years. Recently, developed and developing countries have invested upon the safety overseas due to the ease of the access from the water medium and hence the need for the marine and dock gangways would increase.

According to the statistics given by the government in 2020, the Asia-Pacific has seen increased defense import activity in recent years, particularly in the aerospace and naval sectors. UK has won major defense business in the region, including in 2013, when AgustaWestland won an AW159 helicopter contract with South Korea. This would help the industry grow in the further years.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the global marine and dock gangways industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global marine and dock gangways market share.
• The crrent market is quantitatively analyzed from 2020 to 2027 to highlight the global marine and dock gangways market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global marine and dock gangways market analysis based on competitive intensity and how the competition will take shape in coming years.