Automated Moorings Market

Global Automated Moorings Market Size (2024-2032):

The Global Automated Moorings Market size was valued at USD 1.37 billion in 2023 and is projected to reach USD 1.92 billion by 2032 from USD 1.42 billion in 2024, growing at a CAGR of 3.85% from 2024 to 2032.

MARKET SCENARIO

The market for automated mooring is largely driven by call from the oil and gas industry. Furthermore, escalating investments in emerging economies with proven oil and gas reserves are predicted to increase the call for the automated mooring system in the near future. The Automated Moorings Market in Europe is also predicted to experience expansion during the foreseen period due to increased maritime business activities, especially through the Mediterranean Sea and the Sea of ​​Marmara. In addition, the introduction of strict regulations to reduce carbon emissions is also predicted to drive market expansion. The Automated Moorings Market in Latin America, the Middle East, and Africa is anticipated to expand at a slow pace over the foreseen period due to the abundant availability of proven and proven oil and gas reserves in deep and ultra-deep waters.

Automation plays a fundamental role in the marine industry. Incorporating the automation process is essential for the expansion of port operations and for sustained expansion. The automated lashing system reduces the handling of any equipment and therefore minimizes the need for total labor. Additionally, these automated mooring can be controlled via radio remote control from shore or on board the ship. In addition, the automated mooring system also eliminates non-productive docking areas at the end of the dock and between ships. Automated mooring broadens the operational window of product transmission through a greater variety of berthing and environmental situations, reduces resource and space requirements, improves safety, requires less time to moor ships, and can reduce infrastructure investment to increase berthing capacity. The automated mooring system reduces fuel consumption, CO2 emissions, and docking time.

The catenary automatic mooring system is mainly employed in shallow water. The single-point automated tie-down system is widely employed for floating production storage and offloading applications. The FPSO is estimated to have the largest share of the worldwide market for automated mooring. However, the tension leg platform is likely to experience significant expansion during the foreseen period. The dynamic positioning automated mooring system is in its introduction phase and is employed in semi-submersible and FPSO applications.

MARKET DRIVERS

The market call for automated lashing systems increases greatly with the escalating call for efficient and safe operations.

The changing preference for using technologically advanced systems to improve drilling capacity in both deep and ultra-deep glasses of water is likely to fuel the call for an automated mooring system. The automated mooring system offers improved cargo handling operations, shorter wait times (resulting in shorter stays in port), and efficient terminal utilization. Furthermore, the installation of the automated mooring system also requires the deployment of fewer personnel (max. 2) for trouble-free operation. Furthermore, increased subsea exploration and production activities in Latin America, the Middle East, and Africa are likely to contribute to the growing call for automated mooring.

MARKET RESTRAINTS

One of the main factors hampering the sale of the Automated Moorings Market is the high initial installation and maintenance costs.

MARKET OPPORTUNITIES

Advances in mooring system design to improve operational efficiency, along with increased energy call, are predicted to drive the Automated Moorings Market during the foreseen period. An automated lashing system reduces waiting time and improves cargo handling operations. Increased investment in maritime business activities due to increased purchasing power, coupled with rapid urbanization, is predicted to increase the worldwide market for automated moorings.

MARKET CHALLENGES

The Automated Moorings Market faces certain challenges, such as a lack of technical knowledge, harsh environmental situations under the sea, and high investments, which can hamper the expansion of the worldwide market during 2024-2032.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Automated Moorings Market Analysis By Type

Vacuum mooring is one of the most widely employed lashing types due to its ability to optimize operational efficiency and improve safety levels. It uses hydraulic and vacuum technology to eliminate mooring lines and increase the efficiency of the docking process. Currently, the magnetic lashing system is in the initial phase and is predicted to see significant expansion during the foreseen period due to its ability to reduce the percentage of casualties and improve safety.

Global Automated Moorings Market Analysis By Application

The cargo segment is predicted to experience significant expansion due to increased call for an efficient and affordable freight mode and increased investments in maritime trade.

REGIONAL ANALYSIS

The Asia Pacific region, led by India and China, is anticipated to witness significant expansion in the worldwide market for automated mooring during the foreseen period. The offshore oil and gas discoveries of Australia, the South China Sea, etc. The call for these automated lashing systems is predicted to increase. In addition, North America is predicted to hold the majority of the worldwide market for automated lashing systems. Escalating the call for power will likely increase subsea drilling and exploration activities soon. The European region is predicted to experience considerable expansion due to the entry of new market players in this region, coupled with escalating investments in water exploration. Furthermore, due to liberal regulatory policies in Africa, this region will likely attract more investment soon. North America accounted for the largest Automated Moorings Market share in 2023.

The regional market is predicted to register a CAGR of 15% during 2024-2032. This is attributed to the rising energy call predicted to increase subsea drilling and exploration activities in the foreseen period. Furthermore, Europe is likely to show significant expansion in the Automated Moorings Market during 2024-2032 thanks to the entry of new market players into the EU coupled with increased water exploration. The Automated Moorings Market in North America is predicted to expand at a significant rate during the foreseen period. This market expansion can be attributed to investments in the exploration and production of conventional and unconventional resources in the offshore region to meet the increased call for crude oil. This Automated Moorings Market in the Asia Pacific is projected to expand at maximum CAGR over the foreseen period due to increased capex for shipbuilding infrastructure development. Increased shipbuilding activities in developing countries, including India, China, Japan, and other Southeast Asian countries, are also predicted to promote market expansion. Furthermore, increased energy call due to rapid urbanization, coupled with strong economic expansion, is also predicted to drive market expansion.

KEY PLAYERS IN THE GLOBAL AUTOMATED MOORINGS MARKET

The major players operating in the global automated moorings market are Cavotec SA, Trelleborg Marine and Infrastructure, TTS Group ASA, MacGregor (Cargotec Corporation), Mampaey Offshore Industries, C-Quip, and Others.

RECENT HAPPENINGS IN THE GLOBAL AUTOMATED MOORINGS MARKET

• Cavotec launches the next-generation moormaster, the first installment for the world's first fully autonomous and emission-free ships. Shipping companies and ports around the world can now make every minute count, significantly reducing fuel consumption and escalating port productivity, with a simpler and faster implementation of Cavotec's next-generation automated vacuum mooring solution.
• Australia and New Zealand acquired automated vacuum lashing systems for safer operations. Considering that mooring remains a challenging operation, many stakeholders in shipping have launched secure mooring technologies and projects to protect seafarers, with the latest company supplying automated vacuum mooring systems for ports in Australia and New Zealand

DETAILED SEGMENTATION OF THE GLOBAL AUTOMATED MOORINGS MARKET INCLUDED IN THIS REPORT

This research report on the global automated moorings market has been segmented and sub-segmented based on type, application, and region.

By Type

• Vacuum Mooring
• Magnetic Mooring

By Application

• Container
• Cargo
• Passengers

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa