Marine Buoys Market Report 2025 (Global Edition)

Global Marine Buoys Market Report 2025 Market Size Split by Type (Anchor Type Buoy, Drift Type Buoy, Mooring Type Buoy, Inflatable Buoy, Special Purpose Buoy), by Application (Offshore Oil and Gas Exp...

Marine Buoys Market Report Description

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Competitive Landscape of the Marine Buoys Market

The competitive landscape of the marine buoys market is characterized by diverse players offering a range of buoy solutions. Intense competition drives innovation in buoy design, materials, and technology, while strategic partnerships and collaborations enhance market presence and expand product portfolios to meet evolving customer needs.

Marine Buoys Industry News

In August 2021, Ocean Scientific International Ltd (OSIL) announced the launch of their latest innovation, the aquaculture monitoring buoy. This new buoy is a response to the surging global demand for seaweed farming and is tailored to meet the specific needs of this expanding market. Equipped with a comprehensive suite of standard met-ocean (meteorological, waves & currents) and water quality parameters, the buoy also features a cutting-edge Pan Tilt Zoom (PTZ) camera. 

(Source: https://osil.com/2021/08/05/new-aquaculture-monitoring-buoy-for-asset-management/)  

Top Companies Market Share in Marine Buoys Industry: (In no particular order of Rank)

• Fendercare Marine
• Floatex
• Sealite
• Ocean Scientific International Ltd
• Marine Instruments
• Wealth Marine Pte Ltd
• Walsh Merine Products
• JFC Marine
• Fugro
• AXYS Technologies Inc (AXYS)
• SABIK Marine
• Zeni Lite Buoy Co Ltd
• Mesemar
• GBA
• Pharos Marine Automatic Power
• Mobillis
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Marine Buoys Market

Which Region Will Dominate the Marine Buoys Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to its extensive coastline, bustling maritime trade, and well-established offshore industries. The region's stringent maritime safety regulations drive demand for navigational aids and safety equipment like buoys. Moreover, ongoing investments in offshore oil and gas exploration, renewable energy projects, and marine infrastructure development further stimulate market growth. Technological advancements and increasing adoption of smart buoy solutions also contribute to sales expansion. Additionally, growing concerns about maritime security and environmental protection bolster the demand for specialized buoys, consolidating North America's leading position in the market.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is the fastest-growing region due to several factors. Rapid industrialization, urbanization, and economic development in countries like China, India, and Southeast Asian nations drive increased maritime trade activities, necessitating enhanced navigational aids and safety measures. Rising investments in offshore wind energy, port infrastructure, and marine research initiatives further boost buoy sales. Additionally, the region's expansive coastline and strategic location facilitate the growth of aquaculture ventures, supporting the demand for specialized buoys. Technological advancements and government initiatives promoting maritime safety and environmental protection also fuel market expansion in Asia-Pacific.

The current report Scope analyzes Marine Buoys Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Marine Buoys Market

According to Cognitive Market Research, the global marine buoys market size was estimated at USD 916.2 Million out of which North America held the major market of around 40% of the global revenue with a market size of USD 366.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031. Sales of marine buoys in North America are poised to increase due to the region's extensive coastline and bustling maritime trade, necessitating enhanced navigational aids and safety equipment. Moreover, stringent regulations mandating the use of buoys for maritime safety further drive market growth. Additionally, the expansion of offshore industries such as oil and gas exploration and renewable energy projects fuels demand for specialized buoys. In particular, mooring type buoys are expected to witness significant growth, catering to the needs of offshore installations in the region.

Country Analysis

• According to Cognitive Market Research, The United States marine buoys market had a market share of USD 289.15 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. With increasing offshore activities in oil and gas exploration, renewable energy, and aquaculture, demand for marine buoys rises. Stricter maritime regulations also drive sales for navigational safety and environmental protection.
• Canada marine buoys market had a market share of USD 43.98 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Growing investments in offshore energy projects, including wind farms and oil exploration, propel the demand for marine buoys. Additionally, the expansion of maritime transportation boosts the need for navigational aids.
• Mexico marine buoys market had a market share of USD 33.35 million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period.

 

Europe Marine Buoys Market

According to Cognitive Market Research, with a market value of USD 916.2 million in 2024 out of which Europe held the major market of around 30% of the global revenue with a market size of USD 274.86 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031. The sales of marine buoys in Europe are anticipated to rise owing to the region's robust maritime infrastructure and increasing investments in offshore wind energy projects. Moreover, the implementation of strict environmental regulations drives the demand for buoys used in pollution control and habitat protection initiatives. Additionally, the region's strategic location as a major maritime trade hub boosts the requirement for navigational aids and safety equipment. Notably, steel buoys are expected to dominate the market in Europe, reflecting their durability and suitability for offshore applications.

• United Kingdom marine buoys market had a market share of USD 46.18 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. The UK's emphasis on offshore wind energy development and maritime safety regulations drives buoy sales. Advancements in technology and marine research further stimulate the market for specialized buoys.
• France marine buoys market had a market share of USD 25.29 million in 2024 and is projected to grow at a CAGR of 2.9% during the forecast period.
• Germany marine buoys market had a market share of USD 54.42 million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period. With its robust maritime industry and focus on renewable energy, Germany witnesses increased demand for marine buoys, particularly in offshore wind farms and marine research initiatives. Stricter safety regulations also bolster sales.
• Italy marine buoys market had a market share of USD 23.64 million in 2024 and is projected to grow at a CAGR of 3.1% during the forecast period.
• Russia marine buoys market had a market share of USD 42.60 million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period.
• Spain marine buoys market had a market share of USD 22.54 million in 2024 and is projected to grow at a CAGR of 2.8% during the forecast period.
• Luxembourg marine buoys market had a market share of USD 8.52 million in 2024 and is projected to grow at a CAGR of 3.8% during the forecast period.
• Portugal marine buoys market had a market share of USD 5.77 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period.
• Greece marine buoys market had a market share of USD 3.30 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period.
• Rest of Europe marine buoys market had a market share of USD 42.60 million in 2024 and is projected to grow at a CAGR of 2.4% during the forecast period.

 

Asia Pacific Marine Buoys Market

According to Cognitive Market Research, the global marine buoys market size was estimated at USD 916.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 210.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031. Asia Pacific is poised to witness a surge in marine buoy sales due to rapid industrialization and urbanization, driving maritime trade activities in the region. The increasing focus on renewable energy sources like offshore wind energy stimulates the demand for buoys used in offshore installations. Additionally, the region's vast coastline and growing aquaculture industry contribute to buoy sales for navigation and aquaculture support. Notably, inflatable buoys are expected to experience rapid growth in Asia Pacific, owing to their versatility and portability, meeting the diverse needs of the region's maritime sector.

• According to Cognitive Market Research, China marine buoys market had a market share of USD 94.83 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Rapid industrialization and coastal development in China necessitate enhanced maritime safety measures, boosting sales of marine buoys. Moreover, China's expanding marine research activities and aquaculture industry contribute to market growth.
• Japan marine buoys market had a market share of USD 29.08 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period.
• India marine buoys market had a market share of USD 25.29 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. India's ambitious renewable energy targets drive investments in offshore wind farms, elevating the demand for marine buoys. Additionally, increasing maritime trade and infrastructure development further fuel buoy sales in the region.
• South Korea marine buoys market had a market share of USD 21.07 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period.
• Australia marine buoys market had a market share of USD 10.96 million in 2024 and is projected to grow at a CAGR of 6.9% during the forecast period.
• South East Asia marine buoys market had a market share of USD 14.54 million in 2024 and is projected to grow at a CAGR of 8.2% during the forecast period.
• Rest of Asia Pacific marine buoys market had a market share of USD 14.96 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period.

 

South America Marine Buoys Market

According to Cognitive Market Research, the global marine buoys market size was estimated at USD 916.2 Million out of which Latin America market of around 5% of the global revenue with a market size of USD 45.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031. The sales of marine buoys in Latin America are expected to increase due to the region's expanding offshore oil and gas exploration activities. Moreover, the development of port infrastructure and maritime trade routes drives the demand for navigational aids and safety equipment. Additionally, the region's growing aquaculture industry necessitates buoys for offshore installations. Particularly, anchor type buoys are anticipated to witness significant growth in Latin America, catering to the needs of offshore oil and gas platforms and marine research facilities.

• According to Cognitive Market Research, Brazil marine buoys market had a market share of USD 19.61 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Brazil's vast coastline and offshore oil reserves drive demand for marine buoys in oil and gas exploration. Moreover, the country's burgeoning aquaculture industry and coastal development projects contribute to market growth.
• Argentina marine buoys market had a market share of USD 7.70 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Argentina's focus on offshore oil exploration and maritime trade expansion fuels the demand for marine buoys. Additionally, growing investments in renewable energy projects bolster sales in the region.
• Colombia marine buoys market had a market share of USD 4.08 million in 2024 and is projected to grow at a CAGR of 4.4% during the forecast period.
• Peru marine buoys market had a market share of USD 3.76 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period.
• Chile marine buoys market had a market share of USD 3.30 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period.
• Rest of Latin America marine buoys market had a market share of USD 7.38 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period.

 

Middle East Marine Buoys Market

According to Cognitive Market Research, the global marine buoys market size was estimated at USD 916.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 18.32 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. In the MEA region, sales of marine buoys are projected to increase due to the region's growing maritime trade and offshore exploration activities. The expansion of port facilities and investments in offshore infrastructure further drive market growth. Additionally, the region's focus on enhancing maritime security and environmental protection fuels the demand for advanced buoy technologies. Notably, drift type buoys are expected to gain prominence in MEA, offering solutions for marine research, oil spill monitoring, and coastal management initiatives.

• According to Cognitive Market Research, GCC Countries marine buoys market had a market share of USD 7.84 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. The GCC's strategic location and extensive maritime trade necessitate advanced navigational aids, driving sales of marine buoys. Furthermore, investments in offshore infrastructure and tourism contribute to market growth.
• Egypt marine buoys market had a market share of USD 1.92 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period.
• South Africa marine buoys market had a market share of USD 2.90 million in 2024 and is projected to grow at a CAGR of 5.9% during the forecast period. With its growing maritime economy and increasing offshore activities, South Africa experiences rising demand for marine buoys. Government initiatives promoting marine safety and environmental protection also drive market growth.
• Turkey marine buoys market had a market share of USD 1.58 million in 2024 and is projected to grow at a CAGR of 4.4% during the forecast period.
• Nigeria marine buoys market had a market share of USD 1.92 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period.
• Rest of MEA marine buoys market had a market share of USD 2.16 million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period.

 

Marine Buoys Market Analysis

Marine Buoys Type Segment Analysis

According to Cognitive Market Research, mooring type buoy held the major market share over the forecast period due to their versatility in providing secure anchorage solutions for various offshore applications such as oil and gas platforms, floating docks, and aquaculture farms. Additionally, the expansion of offshore wind farms and increasing maritime traffic necessitate reliable mooring systems, driving demand. Moreover, advancements in mooring technologies, including dynamic positioning systems, enhance buoy performance and reliability, further boosting sales in this segment.

Inflatable buoy is the fastest-growing category over the forecast period owing to their lightweight, portable nature, making them ideal for temporary or emergency applications such as marine events, environmental monitoring, and search and rescue operations. Furthermore, advancements in inflatable materials and manufacturing techniques improve buoy durability and buoyancy, expanding their utility across various industries. Additionally, the increasing adoption of inflatable buoys in recreational boating and water sports activities contributes to their fast-paced growth in the market.

• Anchor Type Buoy
• Drift Type Buoy
• Mooring Type Buoy
• Inflatable Buoy
• Special Purpose Buoy

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Marine Buoys Industry. Request a Free Sample PDF!

Marine Buoys Application Segment Analysis

According to Cognitive Market Research, offshore oil and gas exploration hold a prominent market share due to increasing global energy demand, driving exploration activities in deeper offshore regions. Technological advancements enable access to previously inaccessible reserves, necessitating the deployment of more navigational aids and safety equipment like buoys. Moreover, regulatory requirements for enhanced safety and environmental protection in offshore operations further fuel the demand for specialized buoys, consolidating the segment's prominent market share.

Offshore wind energy is the fastest-growing category over the forecast period due to efforts to transition towards renewable energy sources and reduce carbon emissions. Government incentives and policies promoting renewable energy deployment stimulate investments in offshore wind farms, driving the demand for navigational aids and safety equipment like buoys. Additionally, advancements in offshore wind turbine technology and installation techniques further accelerate market growth, positioning offshore wind energy as the fastest-growing category in the marine buoys market.

• Offshore Oil and Gas Exploration
• Marine Scientific Research
• Port and Harbour Construction
• Offshore Wind Energy
• Maritime Security
• Aquaculture

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Marine Buoys Material Segment Analysis

According to Cognitive Market Research, steel hold a prominent market share due to their durability and suitability for harsh marine environments. Their robust construction makes them ideal for long-term deployment in offshore locations, contributing to their widespread use in applications such as navigation, marking hazards, and supporting marine infrastructure. Additionally, the ability of steel buoys to withstand extreme weather conditions and resist corrosion ensures their reliability and longevity, further solidifying their position as a prominent segment in the marine buoys market.

Inflatable is the fastest-growing category over the forecast period owing to its lightweight, portable nature and versatility across various marine applications. Inflatable buoys are increasingly preferred for temporary or emergency use, such as during marine events, environmental monitoring, and search and rescue operations. Advancements in inflatable materials and manufacturing techniques enhance buoy durability and buoyancy, expanding their utility in recreational boating, water sports activities, and aquaculture ventures. This versatility and adaptability drive the rapid growth of the inflatable buoy category over the forecast period.

• Foam
• Inflatable
• Steel
• Plastic

Marine Buoys Technology Segment Analysis

According to Cognitive Market Research, traditional hold a prominent market share due to their established presence and reliability in maritime applications. These buoys are widely utilized for navigation, hazard marking, and maritime safety, benefiting from their long-standing reputation and familiarity among maritime stakeholders. Additionally, the lower initial investment and simpler operational requirements compared to advanced technologies contribute to their continued dominance in the market, particularly in regions with limited infrastructure or budget constraints.

Smart is the fastest-growing category over the forecast period due to technological advancements and the increasing demand for real-time data monitoring and analytics in maritime operations. Smart buoys equipped with sensors, communication systems, and IoT capabilities offer enhanced functionalities such as remote monitoring, predictive maintenance, and environmental sensing. These features improve operational efficiency, safety, and decision-making, driving their adoption in various applications including marine research, offshore energy, and maritime surveillance, thus positioning smart buoys as the fastest-growing category over the forecast period.

• Automated
• Smart
• Traditional

Marine Buoys Size Segment Analysis

According to Cognitive Market Research, medium hold a prominent market share due to their versatility and suitability for a wide range of maritime applications. Medium-sized buoys strike a balance between buoyancy and size, making them ideal for marking navigational channels, indicating hazards, and supporting marine instrumentation. Their moderate dimensions make them cost-effective for deployment in various water depths and conditions, contributing to their widespread use across different sectors of the maritime industry.

Large is the fastest-growing category over the forecast period due to several factors. Large buoys offer increased buoyancy and stability, making them suitable for marking deep-water channels, supporting heavy-duty marine infrastructure, and accommodating advanced technologies and equipment. The growing demand for offshore renewable energy projects, expanding maritime trade routes, and infrastructure development in port facilities drives the need for larger buoys capable of handling greater loads and providing enhanced visibility and safety in offshore environments.

• Small
• Medium
• Large

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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