About Life Rafts
Life rafts are the small, rigid or inflatable boat provided as a life-saving appliance on every seagoing merchant or passenger ship. They can be easily launched as compared to lifeboats. They are designed with an auto-inflatable system thus evacuation from the ship can be done without manually launching. They are generally located on muster station, on port and starboard side near the lifeboat.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.4% |
The competitive landscape of clinical laboratory services is characterized by a diverse array of providers offering diagnostic testing and analytical services to support healthcare professionals in patient care Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Life Rafts market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Life Rafts market by Type (Coastal Life Raft, Offshore Life Raft and Ocean Life Raft) and Region.
On the basis of geography, the market of Life Rafts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online Channel will boost the Life Rafts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. PVC will boost the Life Rafts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of the Hybrid Life Rafts
Market Growth Drivers:
Increased Marine Transportation or Seaborne Trade and Growth in the Marine Tourism
Challenges:
Intense Competition Among players and High Cost Associated with Life Rafts
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Marine Industry Worldwide and Government Rules and Regulations about Safety on Ships
Market Leaders and their expansionary development strategies
In AUGUST 2023, LifeRaft, a leader in the field of threat intelligence software, is excited to announce a strategic partnership with 360 Privacy, a pioneer in digital privacy protection.
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.
Key Target Audience
Life Rafts Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.