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The marine loading arms market size is forecast to increase by USD 65.8 million at a CAGR of 3.43% between 2023 and 2028. The market's growth is driven by several factors, including the rising global demand for oil and gas, the increasing need for it in the chemical industry, and the implementation of new oil and gas exploration policies. As the demand for energy continues to surge worldwide, the oil and gas sector is expanding rapidly. Additionally, the chemical industry’s reliance on it for safe and efficient material handling further boosts the market. Moreover, favorable exploration policies are encouraging new projects and investments, propelling the market forward. It also includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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The market encompasses the supply and demand for motorized loading arms used in marine environments for transferring LNG fuel and other liquids or gases from vessels to onshore facilities. These loading arms are essential for the efficient and safe operation of marine vessels and onshore terminals. Key components include gun's breach, swivel joints, hydraulic movement systems, quick-connect fittings, and gaskets or O-rings, ensuring a tight seal between the ship's manifold flange and the loading arm. In moored vessels, counterweight systems facilitate the smooth and balanced movement of the loading arm. Marine loading arms play a crucial role in marine vessels and onshore facilities, enabling the transfer of various liquids and gases, including LNG fuel, in marine environments such as ports and terminals. The market is driven by the increasing demand for cleaner energy sources and the expansion of global trade, leading to a growing need for efficient and reliable loading and unloading solutions. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the market is the rise in demand for oil and gas globally. Marine loading arms play a crucial role in the transfer of LNG fuel and various refined oil products from motorized vessels, such as ships and ocean-going supertankers, to moored vessels at ports and terminals. These arms, which include Gun's breach, swivel joints, and quick-connect fittings, facilitate direct hose hookups for efficient and secure fuel transfer.
Hydraulic movement enables the loading arms to adapt to the varying positions of the ships and the ship's manifold flange. They are engineered to handle high-pressure air and a range of fuels, including gas oil, diesel, pumps, kerosene, and gasoline. In the oil and gas industry, they are essential for stripping crude oil from tankers and transferring it to storage facilities via pipes and tubes made of steel and stainless steel. As a result of the increased LNG imports, the worldwide market is expected to develop over the forecast period.
The advent of motion-recognizing marine loading arms is another factor supporting the market growth in the forecast period. They play a crucial role in facilitating the transfer of LNG fuel from shore-side facilities to moored vessels. These arms, which can be motorized or feature a Gun's breach design, enable quick-connect fittings and direct hose hookups to the ship's manifold flange.
Moreover, Swivel joints and hydraulic movement ensure a tight seal between the arm and the vessel, while high-pressure air is used for stripping and purging the system to prevent any gas leakage. LNG fuel, as an alternative to traditional fuels like gas oil, diesel, pumps, kerosene, and gasoline, requires specialized marine equipment. The loading arms are typically made of steel or stainless steel, serving as a raw material for the production of marine equipment. This new technology will be the demand driver in the future. Hence, such factors are driving the market growth during the forecast period.
Fluctuating raw material prices will be a major challenge for the market during the forecast period. In the dynamic maritime industry, it plays a pivotal role in facilitating the transfer of various fuels and commodities from vessels to moored ships or terminals. These arms, which include Gun's breach, motorized types, and those with direct hose hookups, swivel joints, and hydraulic movement, are essential components for efficient marine operations.
Moreover, the design and functionality of them are influenced by several factors. For instance, they must ensure a tight seal with quick-connect fittings, gaskets, and O-rings to prevent leaks and maintain a high-pressure environment. Additionally, they must be compatible with various fuels such as LNG, LPG, gas oil, diesel, kerosene, and gasoline, as well as heavy-duty lifting equipment and ship's manifold flanges. Therefore, this poses a major challenge for the global market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
carbisloadtec.com - The company offers marine loading arms and related components such as Swivel Joints. Also, they focus on equipment for the oil and chemical industries.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the crude oil segment will be significant during the forecast period. Marine loading arms play a pivotal role in the transfer of various fuels, including LNG, gas oil, diesel, kerosene, gasoline, and crude oil, between vessels, moored vessels, and offshore processing units. These motorized arms, featuring gun's breach, swivel joints, and quick-connect fittings, ensure a tight seal through the use of gaskets and O-rings for high-pressure air and fuel transfers. Hydraulic movement facilitates the efficient and quick loading process. LNG and LPG carriers, as well as oil tankers, heavily rely on these heavy-duty loading arms made from steel and stainless steel.
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The crude oil segment was valued at USD 126 million in 2018 and continue to grow by 2022. The market has seen significant growth due to the increasing demand for fuels and the need for efficient transfer solutions. Despite the decline in upstream investment during the COVID-19 pandemic, the production of oil and the requirement for marine equipment such as loading arms have persisted. Direct hose hookups and ship's manifold flanges are essential components, enabling seamless fuel transfer between vessels and terminals. The arms' hydraulic movement and quick-connect fittings ensure minimal downtime and efficient operations. The use of 3D exploratory technology and offshore drilling further expands the market, as they are integral to the process of transferring produced oil from offshore platforms to carriers and terminals. Therefore, the global market will register exponential growth during the forecast period.
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APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In the Market, various types of loading arms cater to the transfer of liquids and gases between marine vessels and onshore facilities in marine environments. A crucial component of these loading arms is the counterweight system, which facilitates the balanced movement of the arm during loading and unloading operations. Marine vessels and onshore facilities rely on these loading arms to ensure efficient and safe transfer of cargos, including petroleum, chemicals, and liquefied gases. The marine environments present unique challenges, necessitating the use of robust designs and materials to ensure the durability and reliability of the loading arms. The successful operation of these systems is essential for maintaining the productivity and profitability of marine logistics operations. Hence, such factors are driving the market growth in APAC during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market is a significant sector in the maritime industry, playing a crucial role in the loading and unloading of cargo from ships to onshore facilities. These are essential equipment used for transferring bulk materials, such as oil, gas, and chemicals, from vessels to storage tanks or processing units. Key components include the loading arm structure, actuating system, and support structures. These arms are designed to operate in harsh marine environments, ensuring efficient and safe cargo handling. The market is driven by the increasing demand for maritime trade and the need for efficient cargo handling systems. Factors such as the growing global oil and gas industry, the expansion of ports and terminals, and the rising focus on automation and digitization are expected to boost market growth.
They are manufactured by various players in the industry, including OEMs and system integrators. These companies offer a range of products, including fixed, telescopic, and knuckle boom loading arms, to cater to the diverse needs of customers. The market is expected to grow at a steady pace in the coming years, driven by the increasing demand for efficient and reliable cargo handling systems. The market landscape depends on Mobile marine loading arms, Moored vessel, Gasket, O-ring, High pressure air, Exploration and production operations, Marine arm, Double counterweight marine arm, Rotary counterweight marine arm, Oil demand. Key trends in the market include the adoption of advanced technologies, such as automation and remote monitoring, to enhance the performance and productivity of marine loading arms. Additionally, the focus on sustainability and environmental regulations is expected to drive the development of eco-friendly and energy-efficient marine loading arms.
Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.43% |
Market growth 2024-2028 |
USD 65.8 million |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
3.27 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 43% |
Key countries |
US, China, Japan, Germany, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Baretti, Carbis Loadtec Group, Flotech Performance Systems, Ingersoll Rand Inc., JLA loading Technology B.V., JRE Pvt. Ltd., KANON Loading Equipment BV, Kcenergi LLC, Lloyds Steel Industries Ltd., Marimo Engineering Pte. Ltd., OGCF Engineering M Sdn Bhd., Persian Gulf Petro Energy GPE, Pond and Co. , Safe Harbor Access Systems, SHOTEC S.A.E., SVT APAC Pte. Ltd., TechnipFMC plc, The Novaflex Group, Tokyo Boeki Group, and WLT liquid and gas loading technology BV |
Market dynamics |
Parent market analysis, Market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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