Global Lifeboat Market Growth 2023-2029

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.

Researcher's newest research report, the “Lifeboat Industry Forecast” looks at past sales and reviews total world Lifeboat sales in 2022, providing a comprehensive analysis by region and market sector of projected Lifeboat sales for 2023 through 2029. 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.

The global Lifeboat market size is projected to grow from US$ 288.4 million in 2022 to US$ 352.4 million in 2029; it is expected to grow at a CAGR of 352.4 from 2023 to 2029.

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.

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.

Market Segmentation:

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 analyzing 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 type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Frequently Asked Questions