Global Inflatable Marine Life Rafts 2017-2021

Overview of the global inflatable marine life rafts market

Research analysis on the global inflatable marine life rafts market identifies that the rise in sea borne trade will be one of the major factors that will have a positive impact on the growth of the market.  Technavio's market research analysts predict that this market will grow at a CAGR of nearly 4% by 2021. The growth in seaborne trade will drive the demand for more shipbuilding and this in turn, will result in the rising need for inflatable marine life rafts. The seaborne trade largely contributes in economic expansion and economic growth of countries and their respective regions. In 2015, the world seaborne trade was estimated to grow more than 10 billion tons by volume. Sea transportation is one of the necessary means to deliver goods from distant suppliers. APAC is expected to be the key region in seaborne trade where China, India and South Korea will contribute significantly to the seaborne trade market. This will increase the demand for inflatable marine life rafts in the shipbuilding industry and its dependent products.

The introduction of hybrid lifesaving crafts is one of the latest trends that will contribute to the growth of the inflatable marine life rafts market in the forthcoming years. The intense competition due to the lack of product differentiation has led to the development of revolutionary hybrid lifesaving crafts that bring together the best of both life rafts and life boats. One of the hybrid lifesaving crafts launched by VIKING LIFE-SAVING EQUIPMENT is a new super-sized, super flexible evacuation system. This system has all the advantages of life boats such as flexibility, comfort, and self-propelled manoeuvrability with maximum safety for passengers and crew and can also handle extreme emergency situations.

Competitive landscape and key vendors  

The inflatable marine life rafts market is fragmented due to the presence of several small- and medium-sized players. Each vendor in this market has a global presence and competes based on the availability, quality, price, and technology. The growth of suppliers depends on factors such as market conditions, government support, and industry development. Geographical expansion and the revival of the domestic demands will play a significant role the growth of the vendors. The vendors can also increase profitability by practicing efficient production techniques that minimize product costs and mitigate the associated risks.

The leading vendors in the market are -

• LALIZAS
• Plastimo
• Survival products
• VIKING LIFE-SAVING

The other prominent vendors in the market are Chongqing Guanheng Technology & Development, Jiaxing Rongsheng Lifesaving Equipment, Galvanisers India, Revere Survival, Winslow Life Raft, Zodiac Nautic, and Survitec Group.

Segmentation by application and analysis of the inflatable marine life rafts market

• Ocean
• Offshore
• Coastal

During 2016, the ocean application segment accounted for the major shares of the inflatable marine life rafts market. Ocean life rafts provide maximum protection by installing many survival gears. These rafts are designed to cover long distances across various oceans with offering maximum protection to the occupants. Such advantages will drive the growth of the segment in this global market.

Geographical segmentation and analysis of the inflatable marine life rafts market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the inflatable marine life rafts market throughout the forecast period. The strong growth of the marine industry in the region will drive the demand for life rafts during the forecast period. Another major factor that will increase the demand for inflatable life rafts in the region is the growth of the water recreational sports industry in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global inflatable marine life rafts market?
• What are the key market trends impacting the growth of the global inflatable marine life rafts market?
• What are the challenges to market growth?
• Who are the key vendors in the global inflatable marine life rafts market?
• What are the market opportunities and threats faced by the vendors in the global inflatable marine life rafts market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global inflatable marine life rafts market?

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Clinical laboratories give services and information, which contribute to maximizing the necessary delivery in the healthcare system such as diagnostics and tests results. This upcoming research report on the global inflatable marine life rafts offers insights into the major trends and forthcoming drivers influencing the growth of new research areas. Our reports for the industry also follow a scrupulous data collection methodology and offer an analysis of fast-growing market segments.  

Moreover, to achieve higher accuracy, our industry experts implement an extensive research approach of quantitative and qualitative data collection methods and assess the changing demand-supply landscape of the sector. The key advantages gained from the adoption of this approach is better statistical models and efficient vendor analysis. By considering the market forecast and size, surging demand for various segments, the market research professionals at Technavio present an all-inclusive picture of the inflatable marine life rafts from 2017 to 2021.

This forthcoming market research report on the inflatable marine life rafts also covers vendors like Survival Products, VIKING life-saving equipment, Plastimo, and Reverse Survival. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the inflatable marine life rafts also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report for inflatable marine life rafts also categorizes the major drivers, prominent trends, as well as the imminent restraints that the sector currently experiences. This upcoming report on the inflatable marine life rafts presents insights into the rapidly changing competitive landscape to give clients a complete picture of the forthcoming events within the industry. Technavio also provides deep-dive market assessments into the sectors such as health and wellness.

Our market research methodology for the global inflatable marine life rafts

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