Throwable lifebuoy rings are designed to be thrown to a person in the water in order to prevent drowning. Rings for lifebuoys are also known as 'perry buoys' or 'kisby rings.' Rings for lifebuoys are not worn like life jackets. A connecting rope in these rings helps the rescue team to extract the person from a ship or boat. Life-saving buoys in the shape of a ring or a horseshoe are required to be kept on cruise ships, boats, and yachts. The most typical usage of lifebuoy rings is in emergency situations, and they must be readily available.
MARKET DYNAMICS
Increasing number of people participating in adventure water sports is driving the growth of the life buoy market. Furthermore, awareness about safety and rise in number of sailing championships, is anticipated to create market opportunities for the life buoy market during the forecast period. However, increasing cost of raw material may restrain the growth of the life buoy market.
MARKET SCOPE
The "Life Buoy Market" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the life buoy market with detailed market segmentation by material and by end user. The life buoy market is expected to witness high growth during the forecast period. The report key trends and opportunities in the market.
MARKET SEGMENTATION
The life buoy market is segmented into material, and end user. By material, the life buoy market is classified into nylon, foam and plastic. By end user, the life buoy market is classified into recreational, maritime rescue and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global life buoy market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The life buoy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the life buoy market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the life buoy market in these regions.
MARKET PLAYERS
The report covers vital developments in the life buoy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the life buoy market are anticipated to witness lucrative growth opportunities in the future with the rising demand for table stand in the global market. Below mentioned is the list of few companies engaged in the life buoy market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the life buoy market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Firetex Protective Technologies Pvt Ltd
- Billy Pugh Co., Inc.
- CMP Group Ltd.
- JimBuoy
- LALIZAS
- Metro Safety India Private Limited.
- Survitec Group Limited
- MAYUR INDUSTRIAL CORPORATION
- Galvanisers India
- SHM SHIPCARE