About Marine Life Raft
A marine life raft is a small rubber boat carried on the large boat which can be filled with air and used in an emergency situation. They are provided as a life-saving appliance on every passenger ship or seagoing merchant, in addition to the lifeboats. They are much easier to launch as compared to lifeboats and in case of emergency situations, evacuation from the ship can be done without manually launching any of them as the marine life rafts are designed with an auto-inflatable system.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States and Chinese Manufacturers will contribute the maximum growth to Global Marine Life Raft 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.
Survitec Group (United Kingdom), Safety Marine Australia Pty. Ltd. (Australia), Compass Inflatables Ltd. (United Kingdom), Shanghai Star Rubber Products Co., Ltd. (China), Viking Life-Saving Equipment A/S (Denmark), Revere Survival Inc. (United States), Seago Yachting Ltd. (United Kingdom), Plastimo SAS (France), Winslow LifeRaft Company (United States) and Switlik Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are LAZIZAS Galvanisers (India), Jiaxing Rongsheng Lifesaving Equipment Co., Ltd. (China) and Zodiac Nautic (France).
Segmentation Overview
AMA Research has segmented the market of Global Marine Life Raft market by Type (Rigid and Flexible) and Region.
On the basis of geography, the market of Marine Life Raft 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 Shape, the sub-segment i.e. Round or Multi-Sided will boost the Marine Life Raft market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Capacity, the sub-segment i.e. Less than 3 persons will boost the Marine Life Raft market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Hard Packing will boost the Marine Life Raft market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Natural Rubber will boost the Marine Life Raft market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing Maritime Transport and Seaborne Trade, Growing Marine Tourism Worldwide and The Increase in marine Accidents
Restraints:
Stringent Government Regulations
Opportunities:
The Emerging Demand from Developing Regions and Surging Shipbuilding Industry among the Globe
Recently, Survitec, a leading marine life raft player has unveiled the highly compact and minimal Micro LPU and Micro Single Seater life raft along with F-35 Pilot Flight Equipment, Aerolite life raft, and a SONICS CBRN Bio-Skin Protective Suit.
Key Target Audience
Marine Life Raft Manufacturers, Marine Life Raft Raw Material Suppliers, Marine Life Raft Traders/Distributors, Marine Life Raft Importer/Exporter, Regulatory & Government Bodies, End Users and Others
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.