The Global Marine Navigation Light Market is Projected to Mask a Robust CAGR of 5.3% during the forecast period, According to Research Nester
Transportation News and Press release service

Home > Transportation News
  • Aerospace News
  • Air Services News
  • Airlines News
  • Auto Dealership
  • Auto Manufacturers
  • Auto Parts News
  • Railroad News
  • Shipping News

    Watch Transportation News Video


  • The Global Marine Navigation Light Market is Projected to Mask a Robust CAGR of 5.3% during the forecast period, According to Research Nester

    (Transportation-News.com, December 16, 2017 ) Global marine navigation light market is projected to post a tremendous CAGR of 5.3% during the forecast period i.e. 2017-2024. Moreover, the global marine navigation light market is anticipated to reach exponential revenue by 2024. Additionally, the marine navigation light market is riding on the back stringent government policies.

    The ship segment by application is projected to capture considerable CAGR over the forecast period. Further, various legislation regarding the adoption of marine navigation light into ships is anticipated to flourish the growth of ship segment. In terms of geography, Asia-Pacific region captured the biggest percentage of market share in global marine navigation light market and is anticipated to continue its dominance over the forecast period on the account of the growing marine industry. Further, China and India are the major countries contributing in the market of marine navigation light. Apart from this, North America marine navigation light market is projected to be the most lucrative market.

    Increasing International Trade Activities

    According to Society of Maritime industries, the volume of overseas trade is projected to grow from 9 Billion tons to 19 Billion tons by 2030. In addition to this, developing nations are anticipated to witness lucrative economic growth in near future which is expected to increase the global economic trade volume. This factor is believed to foster the growth of marine navigation light by the end of 2024.

    Request For Free Sample Pages: https://www.researchnester.com/sample-request-539

    Stringent Government Legislations and Guidelines

    Strict government regulations regarding the installation of marine navigation light on steamboats and others ships is envisioned to trigger the growth of marine navigation light market. Furthermore, advancement in marine navigation light and introduction of low cost marine navigation light are some of the factors propelling the market of marine navigation light.
    On the contrary, volatile nature of commercial shipping is anticipated to hamper the growth of marine navigation light market by the end of 2024.
    The report titled “Marine Navigation Light Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global marine navigation light market in terms of market segmentation by type, by application and by region.

    Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

    Request For TOC Report: https://www.researchnester.com/request-toc-539

    This report also provides the existing competitive scenario of some of the key players of the global marine navigation light market which includes company profiling of Venta Global Ltd, Attwood Marine Products, Glamox ASA, Sealite, Britmar Marine Ltd., Vega Industries, Hella Marine, Lopolight ApS, Navisafe AS, PERKO Inc., and LAZIAS. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global marine navigation light market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

    Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

    Request of Buy Now: https://www.researchnester.com/payment/rep-id-539



    Research Nester

    Ajay Daniel

    +1 6465869123

    news@researchnester.com

    Source: EmailWire.Com

    Source: EmailWire.com

    Transportation Resources

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2007 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    EuropeNewswire.net - Newswire and Press Release service of GroupWeb Media LLC