Ship Anchor Chain Market Report 2025 (Global Edition)

Global Ship Anchor Chain Market Report 2025 Market Size Split by Type Outlook: (Stud Link Anchor Chain, Studless Anchor Chain), by Application Outlook: (Ship Newbuilding, Ship Repair)

Ship Anchor Chain Market Report Description

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Competitive Landscape of the Ship Anchor Chain Market

In the Ship Anchor Chain market's competitive landscape, numerous key competitors are driving innovation and growth. The Ship Anchor Chain Market is controlled by a select group of prominent companies with significant proficiency in production, supply, and innovation. Firms such as Asian Star Anchor Chain, Vicinay Marine, and D. KORONAKIS S.A. are esteemed for their substantial expertise and superior products that comply with international marine regulations. These firms provide dependable and robust anchor chains essential for maintaining the safety and stability of boats in international seas.

In October 2022, James Fisher and Sons plc expanded its presence in the Middle East via a collaboration between Fendercare Marine Middle East LLC and Saudi Arabia's Intelligent Energy Services Co. Ltd (i-Energy), enabling the provision of premium marine goods to Saudi clientele. (Source: https://www.james-fisher.com/news-and-insights/news/james-fisher-strengthens-middle-east-presence-thanks-to-fendercare-partnership-with-i-energy/) In July 2020, Anchor Industries Inc. introduced a new series of high-strength, corrosion-resistant anchor chains intended for offshore oil and gas sites. (Source: https://www.chevron.com/newsroom/2024/q3/chevron-starts-production-at-anchor-with-industry-first-deepwater-technology) In March 2021, MarineTech Solutions launched an innovative lightweight studless anchor chain, improving fuel economy for big boats. (Source: https://marine-digital.com/article_maritime_challenges_2030)

Top Companies Market Share in Ship Anchor Chain Industry: (In no particular order of Rank)

• FenderCare (U.S.)
• DCL Mooring and Rigging (U.S.)
• Vicinay Marinen (Spain)
• Posidonia S.r.l. (Italy)
• Sotra Marine Produkter (Norway)
• Wortelboer (Netherlands)
• Schmeding Scandinavia Ltd (Denmark)
• Damen Shipyards Group (Netherlands)
• D. Koronakis S.A. (Greece)
• Hamanaka Chain Mfg (Japan)
• Dai Han Anchor Chain (South Korea)
• Ramnas (South Korea)
• Laiwu Steel Group Zibo Anchor Chain Co. Ltd. (China)
• Qingdao Wancheng Anchor Chain (China)
• Fountom Marine (China)
• Wuhan Jiangnan Anchor Chain (China)
• Jiangsu Aohai Marine Fittings (China)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Ship Anchor Chain Market

Which Region Dominates the Ship Anchor Chain Market in 2024?

According to Cognitive Market Research, North America currently dominates the Ship Anchor Chains market, and the region is expected to have significant growth during the projected period. The proliferation of offshore oil and gas exploration and the advancement of renewable energy initiatives, including offshore wind farms, significantly enhance the region's development.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The region's flourishing marine sector, driven by escalating commerce activities, port advancements, and offshore exploration initiatives, is anticipated to enhance the need for ship anchor chains.

The current report Scope analyzes Ship Anchor Chain Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Ship Anchor Chain Market Analysis

According to Cognitive Market Research, the global Ship Anchor Chain market size was estimated at USD 113624.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 45449.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Ship Anchor Chain market with a market size of USD 35859.89 million in 2024 and is projected to grow at a CAGR of 7.9% during the forecast period. The U.S. market's United States: Escalating.
• The Canada Ship Anchor Chain market had a market share of USD 5453.98 million in 2024 and is projected to grow at a CAGR of 8.9% during the forecast period. Canada’s Growth of the maritime sector and leisure boating.
• The Mexico Ship Anchor Chain market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 4135.93 million in 2024.

Europe Ship Anchor Chain Market Analysis

According to Cognitive Market Research, the global Ship Anchor Chain market size was estimated at USD 113624.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 34087.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.

• The United Kingdom Ship Anchor Chain market had a market share of USD 5726.67 million in 2024 and is projected to grow at a CAGR of 9.2% during the forecast period. In the UK, Ship Anchor Chain sales witness an upswing due to the Increasing offshore oil and gas exploration endeavors.
• The France Ship Anchor Chain market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 3136.04 million in 2024.
• According to Cognitive Market Research, the German Ship Anchor Chain market size was valued at USD 6749.30 million in 2024 and is projected to grow at a CAGR of 8.6% during the forecast period. In Germany, Ship Anchor Chain surged due to the Innovations in anchor design and materials technology.
• The Italy Ship Anchor Chain market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 2931.51 million in 2024.
• The Russia Ship Anchor Chain market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 5283.54 million in 2024.
• The Spain Ship Anchor Chain market is projected to witness growth at a CAGR of 7.5% during the forecast period with a market size of USD 2795.16 million in 2024
• The Luxembourg Ship Anchor Chain market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 1056.71 million in 2024.
• The Portugal Ship Anchor Chain market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 715.83 million in 2024.
• The Greece Ship Anchor Chain market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 409.05 million in 2024.
• The Rest of Europe's Ship Anchor Chain market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 5283.54 million in 2024.

Asia Pacific Ship Anchor Chain Market Analysis

According to Cognitive Market Research, the global Ship Anchor Chain market size was estimated at USD 113624.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 26133.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.

• According to Cognitive Market Research, the China Ship Anchor Chain market size was valued at USD 11760.14 million in 2024 and is projected to grow at a CAGR of 11.4% during the forecast period. Ship Anchor Chain surged in China due to Increasing international commerce and energy use.
• The Japan Ship Anchor Chain market is projected to witness growth at a CAGR of 10.4% during the forecast period, with a market size of USD 3606.44 million in 2024.
• The India Ship Anchor Chain market had a market share of USD 3136.04 million in 2024 and is projected to grow at a CAGR of 13.7% during the forecast period. India's Rigorous marine safety standards and offshore exploration.
• The South Korean Ship Anchor Chain market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 2613.36 million in 2024.
• The Australian Ship Anchor Chain market is projected to witness growth at a CAGR of 11.6% during the forecast period, with a market size of USD 1358.95 million in 2024.
• The South East Asia Ship Anchor Chain market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 1803.22 million in 2024.
• The Rest of Asia Pacific Ship Anchor Chain market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 1855.49 million in 2024.

South America Ship Anchor Chain Market Analysis

According to Cognitive Market Research, the global Ship Anchor Chain market size was estimated at USD 113624.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 5681.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.3% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Ship Anchor Chain market size was valued at USD 2431.56 million in 2024 and is projected to grow at a CAGR of 9.9% during the forecast period. Ship Anchor Chains flourished in Brazil due to Rising demand for marine boats in commercial shipping and leisure boating industries.
• Argentina's Ship Anchor Chain market had a market share of USD 954.45 million in 2024 and is projected to grow at a CAGR of 10.2% during the forecast period. Argentina's Growth of the maritime sector and increasing offshore exploration endeavors.
• Colombia Ship Anchor Chain market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 505.63 million in 2024.
• Peru Ship Anchor Chain market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 465.86 million in 2024.
• Chile Ship Anchor Chain market is projected to witness growth at a CAGR of 9.6% during the forecast period, with a market size of USD 409.05 million in 2024.
• The Rest of Latin America's Ship Anchor Chain market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 914.68 million in 2024.

Middle East Ship Anchor Chain Market Analysis

According to Cognitive Market Research, the global Ship Anchor Chain market size was estimated at USD 113624.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 2272.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031..

• The GCC Countries Ship Anchor Chain market is projected to witness growth at a CAGR of 10.4% during the forecast period, with a market size of USD 972.63 million in 2024. Ship Anchor Chain sales flourish due to the Increasing offshore oil and gas development is stimulating the need for specialist anchors.
• The Egypt Ship Anchor Chain market is projected to witness growth at a CAGR of 9.9% during the forecast period, with a market size of USD 238.61 million in 2024.
• The South Africa Ship Anchor Chain market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 359.05 million in 2024. The establishment of offshore wind energy farms is generating a need for high-performance anchor chains.
• The Turkey Ship Anchor Chain market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 195.43 million in 2024.
• The Nigeria Ship Anchor Chain market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 238.61 million in 2024.
• The Rest of the MEA Ship Anchor Chain market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 268.15 million in 2024.

Ship Anchor Chain Market Analysis

How are Segments Performing in the Global Ship Anchor Chain Market?

Ship Anchor Chain Market Type Segment Analysis

According to Cognitive Market Research, Stud Link Anchor Chains are likely to dominate the Ship Anchor Chain Market over the forecast period. These chains are extensively used for their durability and dependability, rendering them appropriate for diverse nautical applications, including huge ships and offshore constructions.

The Studless Anchor Chains is the fastest-growing segment in the Ship Anchor Chain Market. These chains are becoming more popular because to their smoother surface, which minimizes friction and wear, and their reduced weight, which facilitates handling and installation. The rising need for effective, maintenance-free anchoring solutions is propelling the fast expansion of studless anchor chains.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Ship Anchor Chain Industry. Request a Free Sample PDF!

Ship Anchor Chain Market Application Segment Analysis

According to Cognitive Market Research, the Ship Newbuilding segment holds the largest share of the market. This industry is driven by the persistent need for new vessels, such as cargo ships, tankers, and cruise ships, to facilitate global commerce and marine operations. The fabrication of new vessels need durable anchor chains, making this segment the most substantial in the market.

In the Ship Anchor Chain Market, the Ship Repair sector has been expanding at a rapid pace. With the aging global fleet, there is a growing need for the maintenance, repair, and retrofitting of older vessels to maintain operating efficiency and adhere to safety rules. The increasing need for ship repair services is propelling swift market expansion.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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