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Unlock What Growth Life Rafts Market May See in Future; Participants Still Eyeing 4.4% Growth in Market
Life Rafts Market Latest Edition Published with Forecast to 2030- Apr 4, 2024
- Marine
The article cited AMA's Global Life Rafts Market Study explored substantial growth with CAGR of 4.4%. According the report, Introduction of the Hybrid Life Rafts is one of the primary growth factors for the market. Increased Marine Transportation or Seaborne Trade
is also expected to contribute significantly to the Life Rafts market. Overall, applications of Life Rafts, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as LALIZAS (Greece), Plastimo France SA (France), AVI Survival Products Inc. (United States), VIKING LIFE-SAVING EQUIPMENT A/S (United States), Chongqing Guanheng Trading Co., Ltd. (China), Jiaxing Rongsheng Lifesaving Equipment (China), Galvanisers India (India), Revere Survival Inc. (United States), Winslow Life Raft Co (United States) and Zodiac Nautic (France) may see astonishing sales in this Market and certainly improve revenue growth.
The Distribution Channel, such as Online Channel, is boosting the Life Rafts market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Material, such as PVC, is boosting the Life Rafts market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMA’s Analyst on the Global Life Rafts market identified that the demand is rising in many different parts of the world as "Growing Marine Industry Worldwide ". Furthermore, some recent industry insights like "In June 2023, Ocean Safety, is launching its new 14 and 16 person ISO 9650 Type 1 compliant commercial liferafts at Seawork. With recent changes to the ISO 9650 regulations allowing for a maximum capacity of up to 16 people, Ocean Safety has expanded its popular Ocean ISO liferaft range to include these larger capacity rafts." is constantly making the industry dynamic. One of the challenges that industry facing is "Intense Competition Among players and High Cost Associated with Life Rafts"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
• Detailed Overview of Life Rafts market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Life Rafts market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Life Rafts market tight?
• Which application/end-user category or Product Type [Coastal Life Raft, Offshore Life Raft and Ocean Life Raft] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Life Rafts market and other related sub-markets covered in the study.
o Key & emerging players in the Life Rafts market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
The overall Life Rafts market size is calculated using market estimation process, the Life Rafts market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Life Rafts market size has been validated using both top-down and bottom-up approaches.
The Distribution Channel, such as Online Channel, is boosting the Life Rafts market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Material, such as PVC, is boosting the Life Rafts market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMA’s Analyst on the Global Life Rafts market identified that the demand is rising in many different parts of the world as "Growing Marine Industry Worldwide ". Furthermore, some recent industry insights like "In June 2023, Ocean Safety, is launching its new 14 and 16 person ISO 9650 Type 1 compliant commercial liferafts at Seawork. With recent changes to the ISO 9650 regulations allowing for a maximum capacity of up to 16 people, Ocean Safety has expanded its popular Ocean ISO liferaft range to include these larger capacity rafts." is constantly making the industry dynamic. One of the challenges that industry facing is "Intense Competition Among players and High Cost Associated with Life Rafts"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
• Detailed Overview of Life Rafts market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Life Rafts market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Life Rafts market tight?
• Which application/end-user category or Product Type [Coastal Life Raft, Offshore Life Raft and Ocean Life Raft] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Life Rafts market and other related sub-markets covered in the study.
o Key & emerging players in the Life Rafts market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
The overall Life Rafts market size is calculated using market estimation process, the Life Rafts market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Life Rafts market size has been validated using both top-down and bottom-up approaches.
Praveen Kumar
Head & Director of Sales