Market Overview:
The global free fall lifeboats market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for free fall lifeboats from various applications, such as cargo ships, cruise ships, semi-submersible drilling platforms, fixed production platforms, tankers and others. Additionally, the increasing awareness about safety and security among seafarers is also contributing to the growth of this market.
Product Definition:
A free fall lifeboat is a type of lifeboat that uses an inflatable bag to reduce the force of impact when it lands in the water. This type of lifeboat is important because it can be deployed quickly and does not require a lot of training to use.
Conventional Lifeboats:
Conventional lifeboats are the ones that are used in a wide range of vessels including ferries, cruise ships, coastal defense ships and others. The conventional type is mostly preferred over other types due to its low cost which makes it affordable for most of the vessel owners. However, there are some disadvantages associated with this type such as limited load capacity and less stability during waves.
Open Lifeboats:
Open lifeboats are used in free fall lifeboat market. It is a type of hull that has no internal bracing and is only restrained by the weight of its occupants. Open boats have better stability than closed ones, but this advantage comes at a price - they are more prone to rolling and may even flip over when empty.
Application Insights:
The cargo ship application segment led the market and accounted for more than a 29% share of the global revenue in 2017. The growth is attributed to an increase in demand for transportation services across various industries, including automotive, retail and e-commerce, healthcare, food & beverages, chemicals & petrochemicals among others. Moreover, growing trade between developed countries such as U.S., U.K., Germany along with developing countries such as China and India is expected to boost the segment growth over the forecast period.
The cruise ship application segment is anticipated to witness significant growth over the forecast period owing to increasing passenger traffic on cruise ships from Europe along with Asia Pacific regions due to rise in disposable income levels coupled with leisure activities such as tourism.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to factors such as increasing offshore drilling activities and maritime tourism in U.S. and Canada.
Asia Pacific is anticipated to be the fastest-growing regional market from 2018 to 2030 due to various initiatives taken by governments of countries such as China, India, South Korea and Japan for developing their ports.
The European Commission announced a Horizon 2020 initiative with an aim towards promoting maritime safety standards worldwide through collaboration with IACS (International Association of Classification Societies).
Growth Factors:
- Increasing demand for safety and security in maritime sector
- Growing popularity of leisure sailing and cruise ships
- Proliferation of small-scale fishing vessels and recreational boats
- Development of advanced lifeboat evacuation systems
- Expansion of global trade routes and maritime traffic
Scope Of The Report
Report Attributes
Report Details
Report Title
Free Fall Lifeboats Market Research Report
By Type
Conventional Lifeboats, Open Lifeboats, Close Lifeboats
By Application
Cargo Ship, Cruise Ship, Semi-submersible Drilling Platforms, Fixed Production Platforms, Tankers, Others
By Companies
HLB Shipbuilding Division, Hatecke GmbH, Survival Systems International, Inc, Fr. Fassmer GmbH & Co. KG, Vanguard Composite Engineering PTE LTD, DSB Engineering CO. Ltd, Jiangsu Jiaoyan Marine Equipment Co.,Ltd, Palfingermarine, Nishi-F Co., Ltd, Qingdao Beihai Shipbuilding Heavy Industry Co.,Ltd, VIKING, Shigi, GEPA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Free Fall Lifeboats Market Report Segments:
The global Free Fall Lifeboats market is segmented on the basis of:
Types
Conventional Lifeboats, Open Lifeboats, Close Lifeboats
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cargo Ship, Cruise Ship, Semi-submersible Drilling Platforms, Fixed Production Platforms, Tankers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- HLB Shipbuilding Division
- Hatecke GmbH
- Survival Systems International, Inc
- Fr. Fassmer GmbH & Co. KG
- Vanguard Composite Engineering PTE LTD
- DSB Engineering CO. Ltd
- Jiangsu Jiaoyan Marine Equipment Co.,Ltd
- Palfingermarine
- Nishi-F Co., Ltd
- Qingdao Beihai Shipbuilding Heavy Industry Co.,Ltd
- VIKING
- Shigi
- GEPA
Highlights of The Free Fall Lifeboats Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Conventional Lifeboats
- Open Lifeboats
- Close Lifeboats
- By Application:
- Cargo Ship
- Cruise Ship
- Semi-submersible Drilling Platforms
- Fixed Production Platforms
- Tankers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Free Fall Lifeboats Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Free Fall Lifeboats are inflatable boats that can be deployed from a height to provide emergency assistance to people in distress.
Some of the key players operating in the free fall lifeboats market are HLB Shipbuilding Division, Hatecke GmbH, Survival Systems International, Inc, Fr. Fassmer GmbH & Co. KG, Vanguard Composite Engineering PTE LTD, DSB Engineering CO. Ltd, Jiangsu Jiaoyan Marine Equipment Co.,Ltd, Palfingermarine, Nishi-F Co., Ltd, Qingdao Beihai Shipbuilding Heavy Industry Co.,Ltd, VIKING, Shigi, GEPA.
The free fall lifeboats market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Free Fall Lifeboats Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Free Fall Lifeboats Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Free Fall Lifeboats Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Free Fall Lifeboats Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Free Fall Lifeboats Market Size & Forecast, 2018-2028
4.5.1 Free Fall Lifeboats Market Size and Y-o-Y Growth
4.5.2 Free Fall Lifeboats Market Absolute $ Opportunity
Chapter 5 Global Free Fall Lifeboats Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Free Fall Lifeboats Market Size Forecast by Type
5.2.1 Conventional Lifeboats
5.2.2 Open Lifeboats
5.2.3 Close Lifeboats
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Free Fall Lifeboats Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Free Fall Lifeboats Market Size Forecast by Applications
6.2.1 Cargo Ship
6.2.2 Cruise Ship
6.2.3 Semi-submersible Drilling Platforms
6.2.4 Fixed Production Platforms
6.2.5 Tankers
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Free Fall Lifeboats Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Free Fall Lifeboats Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Free Fall Lifeboats Analysis and Forecast
9.1 Introduction
9.2 North America Free Fall Lifeboats Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Free Fall Lifeboats Market Size Forecast by Type
9.6.1 Conventional Lifeboats
9.6.2 Open Lifeboats
9.6.3 Close Lifeboats
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Free Fall Lifeboats Market Size Forecast by Applications
9.10.1 Cargo Ship
9.10.2 Cruise Ship
9.10.3 Semi-submersible Drilling Platforms
9.10.4 Fixed Production Platforms
9.10.5 Tankers
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Free Fall Lifeboats Analysis and Forecast
10.1 Introduction
10.2 Europe Free Fall Lifeboats Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Free Fall Lifeboats Market Size Forecast by Type
10.6.1 Conventional Lifeboats
10.6.2 Open Lifeboats
10.6.3 Close Lifeboats
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Free Fall Lifeboats Market Size Forecast by Applications
10.10.1 Cargo Ship
10.10.2 Cruise Ship
10.10.3 Semi-submersible Drilling Platforms
10.10.4 Fixed Production Platforms
10.10.5 Tankers
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Free Fall Lifeboats Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Free Fall Lifeboats Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Free Fall Lifeboats Market Size Forecast by Type
11.6.1 Conventional Lifeboats
11.6.2 Open Lifeboats
11.6.3 Close Lifeboats
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Free Fall Lifeboats Market Size Forecast by Applications
11.10.1 Cargo Ship
11.10.2 Cruise Ship
11.10.3 Semi-submersible Drilling Platforms
11.10.4 Fixed Production Platforms
11.10.5 Tankers
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Free Fall Lifeboats Analysis and Forecast
12.1 Introduction
12.2 Latin America Free Fall Lifeboats Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Free Fall Lifeboats Market Size Forecast by Type
12.6.1 Conventional Lifeboats
12.6.2 Open Lifeboats
12.6.3 Close Lifeboats
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Free Fall Lifeboats Market Size Forecast by Applications
12.10.1 Cargo Ship
12.10.2 Cruise Ship
12.10.3 Semi-submersible Drilling Platforms
12.10.4 Fixed Production Platforms
12.10.5 Tankers
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Free Fall Lifeboats Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Free Fall Lifeboats Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Free Fall Lifeboats Market Size Forecast by Type
13.6.1 Conventional Lifeboats
13.6.2 Open Lifeboats
13.6.3 Close Lifeboats
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Free Fall Lifeboats Market Size Forecast by Applications
13.10.1 Cargo Ship
13.10.2 Cruise Ship
13.10.3 Semi-submersible Drilling Platforms
13.10.4 Fixed Production Platforms
13.10.5 Tankers
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Free Fall Lifeboats Market: Competitive Dashboard
14.2 Global Free Fall Lifeboats Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HLB Shipbuilding Division
14.3.2 Hatecke GmbH
14.3.3 Survival Systems International, Inc
14.3.4 Fr. Fassmer GmbH & Co. KG
14.3.5 Vanguard Composite Engineering PTE LTD
14.3.6 DSB Engineering CO. Ltd
14.3.7 Jiangsu Jiaoyan Marine Equipment Co.,Ltd
14.3.8 Palfingermarine
14.3.9 Nishi-F Co., Ltd
14.3.10 Qingdao Beihai Shipbuilding Heavy Industry Co.,Ltd
14.3.11 VIKING
14.3.12 Shigi
14.3.13 GEPA
