As of 2023, the sold production of boat or dock fenders of vulcanised rubber in the UK stands at an actual figure slightly above 2.2718 million kilograms. The forecasted data from 2024 to 2028 reveals a steady decline, with the production expected to decrease from 2.2718 million kilograms in 2024 to 1.9507 million kilograms in 2028. This translates to an average annual decline (CAGR) over these five years.
Key future trends to watch for include:
- Fluctuations in demand driven by the marine industry's growth or contraction, possibly influenced by global trade dynamics.
- Innovations in sustainable materials that could impact the use of traditional vulcanised rubber.
- Economic factors or regulations affecting manufacturing and production costs in the UK.