Global Marine Transfer Mechanical Loading Arms Market Growth 2024-2030

Global Marine Transfer Mechanical Loading Arms Market Growth 2024-2030

A marine transfer mechanical loading arm, also known as a MLA is a mechanical arm consisting of articulated steel pipes that connect a tankship such as an oil tanker or chemical tanker to a cargo terminal.

The global Marine Transfer Mechanical Loading Arms market size is projected to grow from US$ 421.7 million in 2023 to US$ 648 million in 2030; it is expected to grow at a CAGR of 6.3% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Marine Transfer Mechanical Loading Arms Industry Forecast” looks at past sales and reviews total world Marine Transfer Mechanical Loading Arms sales in 2023, providing a comprehensive analysis by region and market sector of projected Marine Transfer Mechanical Loading Arms sales for 2024 through 2030. With Marine Transfer Mechanical Loading Arms sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Marine Transfer Mechanical Loading Arms industry.

This Insight Report provides a comprehensive analysis of the global Marine Transfer Mechanical Loading Arms landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Marine Transfer Mechanical Loading Arms portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Marine Transfer Mechanical Loading Arms market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Marine Transfer Mechanical Loading Arms and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Marine Transfer Mechanical Loading Arms.

The motion-sensing offshore loading arm has been developed for special purpose LNG transportation. Global FLNG projects have increased over the past two years. Therefore, the LNG needs to be transferred to the carrier via an offshore loading arm. Manually connecting the offshore loading arms is difficult and dangerous due to the movement of the sea water which causes the two vessels to move. The use of motion-sensing marine loading arms will solve this problem to a great extent. This new marine loading arm will automatically position and connect to each other. This new technology will be a demand driver for marine loading arms in the future. One of the key factors driving the market is the rising demand for oil and natural gas across the globe. Global liquid fuel use has increased dramatically over the past two decades (1999-2019). The growth in global liquid fuel consumption is mainly attributed to the decrease in crude oil prices between 2014 and 2016 and the increase in vehicle sales. The number of vehicles in use around the world is steadily increasing, leading to an increase in global fuel consumption. Hence, oil demand will rise during the forecast period. Likewise, natural gas use has grown since 2018. Natural gas demand has increased compared to oil demand as environmental concerns have intensified. The demand for both will increase the demand for offshore loading arms during the forecast period. Moreover, the growth in natural gas consumption is boosting the global LNG business. In addition, increased imports of natural gas will require the construction of ports and terminals to quickly and efficiently transfer the liquid to shore.

This report presents a comprehensive overview, market shares, and growth opportunities of Marine Transfer Mechanical Loading Arms market by product type, application, key manufacturers and key regions and countries.

Segmentation by type


Manual Marine Loading Arms

Hydraulic Marine Loading Arms
Segmentation by application


Oil

Chemical

Gas

Others
This report also splits the market by region:


Americas
United States
Canada
Mexico
Brazil

APAC
China
Japan
Korea
Southeast Asia
India
Australia

Europe
Germany
France
UK
Italy
Russia

Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.


TechnipFMC

SVT GmbH

Ingersoll Rand

Kanon Loading Equipment

Tokyo Boeki Holdings Corp

Jiangsu Changlong Petrochemical Equipment

Woodfield Systems

Lianyungang Teampower Technology Development

Jiangsu Rongpu Machinery

COSCO (Lianyungang) Liquid Loading & Unloading Equipment

WLT
Key Questions Addressed in this Report

What is the 10-year outlook for the global Marine Transfer Mechanical Loading Arms market?

What factors are driving Marine Transfer Mechanical Loading Arms market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Marine Transfer Mechanical Loading Arms market opportunities vary by end market size?

How does Marine Transfer Mechanical Loading Arms break out type, application?


Please note: The report will take approximately 2 business days to prepare and deliver.