Mooring Systems Market Report 2026

The mooring systems market size has grown strongly in recent years. It will grow from $1.95 billion in 2025 to $2.05 billion in 2026 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to growth in offshore oil and gas production, expansion of floating production units, need for vessel station keeping, increased offshore exploration activities, adoption of spread and catenary mooring systems.

The mooring systems market size is expected to see strong growth in the next few years. It will grow to $2.51 billion in 2030 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to deepwater and ultra-deepwater project development, growth of floating LNG facilities, increasing offshore field redevelopment, demand for cost-efficient mooring solutions, rising investments in offshore energy infrastructure. Major trends in the forecast period include growing deployment of mooring systems for fpsos, rising demand for deepwater mooring solutions, increased use of high-strength synthetic mooring lines, expansion of hybrid and semi-taut mooring configurations, focus on long-life and low-maintenance mooring systems.

The rise in the exploration and production of oil and gas in offshore fields is expected to drive the growth of the mooring systems market in the future. Offshore oil and gas exploration involves techniques for identifying potential sites for extraction in challenging marine environments. The offshore industry is primarily responsible for designing multi-dependent mooring systems that secure installations against waves, water currents, and wind, especially in unstable and harsh deep-water settings. For instance, in June 2023, the Energy Information Administration, a US-based federal statistical and analytical agency, reported that global oil demand is projected to increase by 6% between 2022 and 2028, reaching 105.7 million barrels per day. Additionally, global upstream investments in oil and gas exploration, extraction, and production are expected to grow by 11% year-on-year, reaching a record USD 528 billion in 2023. Therefore, the rising exploration and production of oil and gas in offshore fields will significantly propel the mooring systems market.

Key players in the mooring system market are actively engaging in strategic partnerships as a focal point for gaining a competitive advantage. Strategic partnerships involve collaborative alliances between two or more organizations, with the shared objective of realizing mutual benefits and pursuing common goals. A notable example occurred in June 2023 when Seaflex, a Sweden-based provider of elastic mooring solutions, entered into a partnership with Blue Parameters, a UK-based environmental and sustainability firm. This collaboration aims to integrate Seaflex's elastic mooring component into the Mermaid K mooring system, representing a significant advancement in Advanced Sustainable Mooring Systems. The partnership underscores the growing significance and emphasis on long-term sustainability within the marine environment.

In September 2024, Delmar Systems AS, a US-based technology and mooring solutions company, acquired IKM Mooring Services for an undisclosed amount. Through this acquisition, Delmar Systems aims to expand its operational footprint in Norway, strategically strengthening its presence in the region's maritime industry. IKM Mooring Services is a Norway-based company specializing in providing expert mooring services and solutions for offshore and maritime operations.

Major companies operating in the mooring systems market are National Oilwell Varco, Timm AS, Cargotec Corporation, SBM Offshore, Trellborg India Private Limited, BW Offshore Limited, MacGregor, Lamprell ENERGY LIMITED, Usha Martin Limited, BMT Group Ltd, InterMoor, Cavotec S.A., Delmar Systems Inc, Lankhorst Ropes, Grup Servicii Petroliere, Bluewater Holding BV, Alfred Cheyne Engineering, Cortland Limited, Viking SeaTech, Offspring International Limited, Maritime International, Balltec Limited, First Marine International, Balmoral Group, Mampaey Offshore Industries, Timberland Equipment, Mooring System Inc, Vryhof, Wilhelmsen, Wärtsilä, Bridon-Bekaert, TEHO Ropes, Jiangsu Jinguang Industrial Group Co Ltd.

North America was the largest region in the mooring market share in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mooring systems market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mooring systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The mooring system market consists of sales of mooring lines, fenders, wire rope, fiber rope, and chain. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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