About Hand Flare
These handheld flares are manufactured to provide maximum output from a minimum size container. The hand flare is available at various ranges such as short-range, and distress signal for applications such as ships, lifeboats and life rafts. It also has the best pinpoint signal for pleasure craft. The hand flare also acts as a warn-off signal and is used by vessels and pleasure craft.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There are manufacturers who are exploring the market in new geographical regions by adopting various market growth strategies such as mergers & acquisitions, expansions, investments, new product launches, and many others. There are various players are selling their products on online sales channels. Analyst at AMA Research estimates that United Kingdom Manufacturers will contribute the maximum growth to Global Hand Flare 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.
Canepa & Campi (Italy), Chemring Marine (United Kingdom), WesCom Signal & Rescue UK Limited (United Kingdom), Daniamant (United Kingdom), Hansson Pyrotech (Sweden), Osculati (Italy), Albatross (Italy), Eval (Greece), Jimmy Green Marine (United Kingdom) and Seago Yachting Ltd. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are PyroPol GmbH (Germany), SHM Shipcare (India) and Norfolk Marine (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Hand Flare market by Type (Distress and Smoke Signal), Application (For Boats, For Yachts and Other) and Region.
On the basis of geography, the market of Hand Flare 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 Sales Channels, the sub-segment i.e. Online Sales Channels will boost the Hand Flare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Norms, the sub-segment i.e. SOLAS will boost the Hand Flare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Robust Increase in the Distribution Channels and Advancements in the Adventure Boats
Market Growth Drivers:
High Requirement from the Various Adventurous Activities, The Rising Number of Sport Events and Increased Disposable Income of the People
Challenges:
Fluctuation in Cost of Raw Materials
Restraints:
The Slowdown in Manufacturing Process Because of Coronavirus Pandemic
Opportunities:
Growing Demand from End-Users and Increasing Opportunities in Developing Regions
Market Leaders and their expansionary development strategies
In September 2022, Business management platform MYOB today announces it has acquired Australia’s leading workplace financial services platform Flare, extending MYOB far beyond accounting to solve diverse problems for SMEs and their employees.
In April 2022, Pains wessex launched sustainable flare kit refill packs. The packs include a 100 per cent sustainable, eco-friendly, biodegradable, compostable and recyclable reinforced paper bag and a reused polybottle for storage onboard.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Hand Flare Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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.