The automated mooring market has been valued at USD 1,267.86 million in the year 2021 and it is estimated to reach USD 1,555.58 million by the year 2027, with a CAGR of 3.85% from 2022 to 2027. Automated mooring eliminates the need for mooring lines with automated vacuum pads that moor and release vessels in seconds at the push of a button; these are the main factors that have considerably increased the demand for Automated mooring in the market, thereby driving the huge growth of the market Automated mooring in the upcoming years

Market Drivers and Restraints:

The main factors that have considerably increased the demand for Automated mooring in the market are mainly the Advancements in the design of mooring systems to improve operational efficiency, along with the rise in demand for energy is expected to drive the automated mooring market during the forecast period. Automated mooring system reduces waiting time and improves cargo-handling operations; these are the main factors that have considerably increased the demand for Automated mooring in the market, thereby driving the huge growth of the market Automated mooring in the upcoming years

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The report is segmented as follows:

The automated mooring Market is segmented based on:

By Type (Vacuum Mooring and Magnetic Mooring),

By Application (Container, Cargo, and Passengers)

Geographical Segmentation:

The automated mooring Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, and the rest of the world. North America has the dominant share in Automated mooring due to the Surge in investments in seaborne trade activities due to an increase in purchasing power, along with rapid urbanization is expected to augment the global automated mooring market these are the main factors that have considerably increased the demand for the Automated mooring in North America, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa will register a slower increase in the Automated mooring Market

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Impact of COVID-19 on the Market

The covid-19 pandemic has impacted the growth of the Automated mooring market, The COVID-19 started at the end of 2019 in Wuhan china; this has affected many industries from different sectors in various countries and also affected the Automated mooring market. The covid-19 pandemic has impacted hugely the sales revenue of the Automated mooring market. Due to the government restrictions like lockdown in many countries have stopped the production of products by the manufacturing companies, In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of coronavirus are expecting to raise the Automated mooring market growth

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