Global Lifeboat Market Growth 2025-2031

The global Lifeboat market size is predicted to grow from US$ 305 million in 2025 to US$ 362 million in 2031; it is expected to grow at a CAGR of 2.9% from 2025 to 2031.

Lifeboat is one of the most important life-saving equipment onboard a ship, which is used at the time of extreme emergencies for abandoning a ship. Lifeboat is a smaller rigid vessel, secured onboard into davits so that it can be launched over the side of the ship with least time and mechanical assistance possible for an early escape of the crew from the ship.

Global Lifeboat key players include VIKING Life-Saving Equipment, Palfingermarine, HLB, Fassmer, Survival Systems, etc. Global top five manufacturers hold a share over 40%.

China is the largest market, with a share over 50%, followed by Europe and Korea, both have a share over 30% percent.

In terms of product, Freefall Lifeboats is the largest segment, with a share over 50%. And in terms of application, the largest application is Cargo Ship, followed by Tanker Ship.

LP Information, Inc. (LPI) ' newest research report, the “Lifeboat Industry Forecast” looks at past sales and reviews total world Lifeboat sales in 2024, providing a comprehensive analysis by region and market sector of projected Lifeboat sales for 2025 through 2031. With Lifeboat sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lifeboat industry.

This Insight Report provides a comprehensive analysis of the global Lifeboat landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lifeboat portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Lifeboat market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lifeboat and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lifeboat.

This report presents a comprehensive overview, market shares, and growth opportunities of Lifeboat market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Conventional Lifeboat
Freefall Lifeboat

Segmentation by Application:
Tanker Ship
Cargo Ship
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
VIKING Life-Saving Equipment
Palfingermarine
HLB
Fassmer
Survival Systems
Jiangsu Jiaoyan
Hatecke
Qingdao Beihai Shipbuilding
Jiangyinshi Beihai LSA
Jiangyin Neptune Marine
Vanguard
Shigi
JingYin Wolong
Ningbo New Marine Lifesaving
Nishi-F
ACEBI
DSB Engineering
Wuxi Haihong Boat
Balden Marine

Key Questions Addressed in this Report

What is the 10-year outlook for the global Lifeboat market?

What factors are driving Lifeboat market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Lifeboat market opportunities vary by end market size?

How does Lifeboat break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.