Marine Shackle Market Important Changes in Industry Dynamics during 2019-2029

Industrial lifting shackle is a U-shaped piece of metal which has a quick release locking pin mechanism. Designed to be used with a removable pin, shackles are an important industrial accessory, a primary connecting link when working with rope or chain. Over the years, marine shackles in particular have been witnessing high demand from boat owners to fit chain to anchor as well as to secure the boat at riverbank or sea bank.

Marine shackles made of 316 marine grade stainless steel are garnering significant traction for use in construction and in saline water and ocean environment, as the material reduces rusting caused by high salt content. In the marine environment, shackles are commonly used for lifting heavy objects along with the rigging equipment. Manufacturers are focusing on offering different types of marine shackles for various applications. Heavy duty shackles are used to suit different weight conditions, while bow shackles find application in securing multiple ropes and chains from different angles.

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Marine Shackle Market: Regional Outlook

East Asia remains a promising region for the global marine industry, holding a large share of the shipbuilding and marine transport markets. The marine shackle market in Singapore is expected to grow at higher rate as compared to other countries. Increasing maritime activities in China and South Korea is expected to generate increasing demand for marine shackles. With emergence of the U.S. as one of the top shipping countries in the world, the marine shackle market in North America is expected to contribute high revenue share.

Europe will continue to offer greater opportunities for key players in the marine shackle market, due to rapidly growing demand from countries as the U.K. and Germany. In Middle East & Africa, countries such as U.A.E. are considered to be a hub for marine trade and recreational maritime activities, and therefore possess substantial fleet of boats and ships. This, in turn, is expected to stimulate the growth of marine shackle market in the region.

Marine Shackle Market: Key Participants

Some of the key players in the global marine shackle market are listed below:

• CMP Group Ltd
• LE BÉON MANUFACTURING
• Kesteloo Stainless Steel Fittings
• Mazzella Companies.
• Gunnebo Industries AB
• Indian Steel Company
• Columbus McKinnon
• KRYFS Power Components Ltd.
• James Fisher and Sons plc
• Sotra Anchor & Chain AS
• Wichard SAS

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The report covers exhaustive analysis on:

• Marine Shackle Market Segments
• Marine Shackle Market Dynamics
• Marine Shackle Market Size
• New Sales of Marine Shackle Market
• Current Trends/Issues/Challenges in the Marine Shackle Market
• Competition & Companies Involved in Marine Shackle Market
• New Technology for Marine Shackle
• Value Chain of the Marine Shackle Market

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)