A recent report released by industry analyst firm QYResearch on October 11, 2025, indicates that the global pneumatic rubber fender market will reach $218 million in sales in 2024 and is expected to grow to $318 million in 2031, a compound annual growth rate of 5.6%. Key drivers include:
Demand for port upgrades: 70% of the world's top 20 ports plan to complete smart fender system upgrades by 2027.
Growth in emerging markets: Port construction investment in Southeast Asia and the Middle East is growing at an average annual rate of 12%, driving demand for pneumatic fenders.
Material technology innovation: The application of new materials such as graphene-enhanced rubber and bio-based polyurethane has improved product wear resistance by 50%. The report specifically pointed out that the share of Chinese companies in the global market has increased from 28% in 2019 to 41% in 2024. Leading companies such as China are in an international leading position in sub-sectors such as polar fenders and intelligent monitoring.