Global Ship Liferafts Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Ship Liferafts Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Ship Liferaftst is an inflatable boat carried onboard a ship. It can be used for evacuation in case of an emergency or disaster on the vessel. Ship Liferaftst comes in different sizes and is made of sturdy material like neoprene or polyurethane fabric. It is essential safety equipment.

Market Overview:


The latest research study on the global Ship Liferafts market finds that the global Ship Liferafts market reached a value of USD 362.15 million in 2022. It’s expected that the market will achieve USD 462.4 million by 2028, exhibiting a CAGR of 4.16% during the forecast period.

Development of the marine transportation industry

Marine transportation is the most important mode of transportation in international logistics. The main transport mode for global trade is ocean shipping: around 90% of traded goods are carried over waves. Lifeboat and life raft availability on large ships and commercial vessels are subject to international, national, and regional laws. Legislation typically requires that a vessel carry sufficient lifeboats and life rafts to ensure all passengers can be rescued. With the rapid development of the marine transportation industry, the Ship Liferafts market shows a growing trend.

The rising number of marine accidents will stimulate increased demand for ship liferafts

The increasing number of marine accidents due to bad weather conditions and the negligence of some captains will stimulate the demand for liferafts for ships going to sea. Additionally, these ship life rafts can be used for the rapid evacuation of passengers and crew, making them an integral part of any modern cruise ship as well as maritime transport.

Customer and brand barrier

Ship Liferafts products have higher market and brand requirements. First of all, products such as Ship Liferafts are generally used as large transport fleet procurement, which has higher requirements for the qualifications and scale of the production enterprises. Manufacturers that have brand awareness and successful cases of large-scale projects are more likely to obtain orders. Only companies with strong technology, advanced equipment, rich project experience, perfect after-sales service system, and a good reputation can easily win customers. Main manufacturers have rich experience in the field of Ship Liferafts and have a strong brand image, which will raise the barriers to entry for the industry and limit the number of new entrants.

Region Overview:


Europe is projected to account for a considerable share of the Ship Liferafts market and is expected to become the largest region by 2027.

Company Overview:


Survitec, VIKING, FUJIKURA COMPOSITES, Shanghai Youlong Rubber Products and LALIZAS are the five key players in the global Ship Liferafts market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Ship Liferafts market in the past 5 years.

Segmentation Overview:


As for product types, the Throw Over Liferafts segment held the largest market share in 2021.

Application Overview:


By application, the Commercial Use segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Ship Liferafts market covered in Chapter 3:

SG Safety
Ningbo Neptune Life-saving Equipment
LALIZAS
FUJIKURA COMPOSITES
Shanghai Youlong Rubber Products
Survitec
VIKING
SHM Group
Shanghai Star Rubber Products

In Chapter 4 and Chapter 14.2, on the basis of types, the Ship Liferafts market from 2018 to 2029 is primarily split into:

Throw Over Liferafts
Davit Launch Liferafts
Self Righting Liferafts
Open Reversible Liferafts

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ship Liferafts market from 2018 to 2029 covers:

Commercial Use
Leisure Use

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)