Global Watertight Doors Market
Global Watertight Doors was valued at US$ 302.18 Million in 2021, estimated to reach US$ 641.48 Million in 2027, with a CAGR of 10.17% from 2022-2027.
Special types of doors found on ships which stop the access of water from one compartment to another during flooding or accidents and therefore it acts as a safety barrier and are called as Watertight doors. These doors are commonly used in every type of marine vessels, including commercial, cruisers, combat ships etc.
Market Drivers
The growth in demand for offshore substations is one of the key factors that drive the Watertight Doors Market growth.
Also, rising inclination of buyers towards newly advanced doors and hatches will boost the watertight doors market growth.
Moreover, Investment in the direction of the re-development of blast proof and watertight doors to offer consumers with high quality products is also major driving factor for the market growth.
Market Restraints
Factors that are hindering the growth of the market are irregularity in economic growth and trade between countries and fluctuating raw material prices.
High maintenance is also a one of the major restraining factors for the growth of the market.
Market Segmentation
Watertight Doors Market is segmented into major 4 categories. Based on Source, the market is segmented into Whole Product, Paste, Flour. Based on Product Type, the market is divided into Fresh, Frozen, Dried. Based on Application, the market is segmented into Animal Feed, Beverage, Food. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
Asia-Pacific has been projected as prominent region for the watertight door market because of the rising shipbuilding activities precisely in South Korea, Japan & China. Similarly, the growing number of joint ventures with multiple brands which are internationally established will boost the market growth.
North America and Europe are anticipated to grow abstemiously in the forecast period, because of the rising disposable income and a surge in coastal tourism in the regions.
Market Key Players
Some of the key players operating in Global Watertight Doors Market are MML Marine, Thormarine, IMS Groups, Railway Specialties, Ocean Group, Remontowa Hydraulic Systems, Westmoor Engineering, Baier Marine, Pacific Coast Marine, Advanced Pneumatic Marine.
Industry development
In 2018, IMTRA, a leading supplier, producer and importer of quality marine products, announced its affiliation with Libra, a Norwegian-based producer of hatches, vessel doors and storage. IMTRA will assist as an agent for Libra-brand products all across the U.S. The collaboration will foster lucrative growth opportunities for Libra by aggrandizing market share for hatches, doors and storage solutions.
In 2019, AdvanTec USA Manufacturing, announced the acquisition of USA Sliding Doors Inc. The acquisition of Sliding Doors aligns with the developmental strategy concentrated on AdvanTec’s aim of being exhibited as a full-scale marine solutions provider and serve end consumers to the best of their capabilities.
Global Watertight Doors Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Watertight Doors Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Watertight Doors Market, By Source
5.1 Y-o-Y Growth Comparison, By Source
5.2 Watertight Doors Market Share Analysis, By Source
5.3 Watertight Doors Market Size and Forecast, By Source
5.3.1 Hydraulic Watertight Doors
5.3.2 Electric Watertight Doors
6 Watertight Doors Market, By Product Type
6.1 Y-o-Y Growth Comparison, By Product Type
6.2 Watertight Doors Market Share Analysis, By Product Type
6.3 Watertight Doors Market Size and Forecast, By Product Type
6.3.1 Hinged Watertight Doors
6.3.2 Sliding Watertight Doors
7 Watertight Doors Market, By Application
7.1 Y-o-Y Growth Comparison, By Sales Channel
7.2 Watertight Doors Market Share Analysis, By Sales Channel
7.3 Watertight Doors Market Size and Forecast, By Sales Channel
7.3.1 Civil Ships
7.3.2 Military Ships
8 Watertight Doors Market, By Region
8.1 Watertight Doors Market Share Analysis, By Region
8.2 Watertight Doors Market Share Analysis, By Region
8.3 Watertight Doors Market Size and Forecast, By Region
9 North America Watertight Doors Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Watertight Doors Market Share Analysis, By Source
9.3 North America Watertight Doors Market Size and Forecast, By Product Type
9.4 North America Watertight Doors Market Size and Forecast, By Sales Channel
9.5 North America Watertight Doors Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Watertight Doors Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Watertight Doors Market Share Analysis, By Source
10.3 Europe Watertight Doors Market Size and Forecast, By Product Type
10.4 Europe Watertight Doors Market Size and Forecast, By Sales Channel
10.5 Europe Watertight Doors Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Watertight Doors Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Watertight Doors Market Share Analysis, By Source
11.3 Asia Pacific Watertight Doors Market Size and Forecast, By Product Type
11.4 Asia Pacific Watertight Doors Market Size and Forecast, By Sales Channel
11.5 Asia Pacific Watertight Doors Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Watertight Doors Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Watertight Doors Market Share Analysis, By Source
12.3 Latin America Watertight Doors Market Size and Forecast, By Product Type
12.4 Latin America Watertight Doors Market Size and Forecast, By Sales Channel
12.4 Latin America Watertight Doors Market Size and Forecast, By Network Route of Administration
12.5 Latin America Watertight Doors Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Watertight Doors Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Watertight Doors Market Share Analysis, By Source
13.3 Middle East Watertight Doors Market Size and Forecast, By Product Type
13.4 Middle East Watertight Doors Market Size and Forecast, By Sales Channel
13.5 Middle East Watertight Doors Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Advanced Pneumatic Marine
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 MML Marine
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Thormarine
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 IMS Groups
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Railway Specialties
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Ocean Group
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Westmoor Engineering
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Remontowa Hydraulic Systems
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Baier Marine
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Pacific Coast Marine
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
