Market Overview:
The Global Ship Salvage Airbags Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for airbags in civil and military ships, owing to the growing maritime trade and rising accidents at sea. The market has been segmented on the basis of type, application, and region. On the basis of type, ordinary airbags accounted for a majority share of the global ship salvage airbags market in 2017. However, high bearing airbags are expected to grow at a higher CAGR during the forecast period as they offer superior performance as compared to ordinary airbags. On account of their high load-bearing capacity and durability under extreme conditions such as storms or collisions, these bags are increasingly being used in salvaging operations involving large vessels or oil rigs.
Product Definition:
Ship salvage airbags are devices used to raise sunken ships. They work by filling with air and then using the buoyancy of the airbag to lift the ship. This is an important process, as it can keep valuable materials from being lost at sea and also prevent further damage to a sunken ship.
Ordinary Airbags:
Ordinary airbags are designed to provide protection against minor bumps and drops. They are inflatable, lightweight bags that fill with compressed air as the result of an inflation device installed in the automobile. The primary function of these airbags is to protect passengers from injuries caused by sudden road hazards or events such as a collision or impact with animals or pedestrians, etc.
The global ordinary airbags market size was valued at USD 1,48,867 in 2015.
High Bearing Airbags:
High bearing airbags are a group of airbag modules that are designed to protect personnel from the impact of high-speed particles and debris. They have a higher survival rate than low-bearing bags, which means they can be used in more severe accidents. The U.S has made it mandatory for all cars since 1994 and Japan followed suit in 1995 to use high-speed impact protection equipment called High Bearing Airbags (HBA).
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Application Insights:
The civil ship application segment accounted for the largest share of over 60.0% in 2017. The growth can be attributed to the rising number of maritime accidents and instances where ships are declared as total loss, which necessitates replacement of airbags. Also, stringent regulations regarding safety equipment on board commercial ships are driving the demand for salvage airbags across various industries such as oil & gas and shipping among others.
Military ship application segment is expected to witness a CAGR exceeding 7% from 2018 to 2030 owing to increasing defense expenditure by countries such as China, India and Japan along with growing maritime security concerns globally.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising maritime activities in countries such as China, India, Singapore, Thailand and Indonesia. Moreover, increasing offshore oil & gas exploration activities are projected to drive demand for heavy machinery that would require ship salvage operations.
Europe was estimated at USD X million in 2017 owing to high incidence of accidents involving ships coupled with stringent regulations by regulatory bodies such as IMO (International Maritime Organization) and MSC (Maritime Safety Committee). In addition, growing military & defense spending by countries including Russia and France is anticipated to boost market growth over the forecast period. However, strict implementation of IMO’s regulation regarding installation of emergency survival equipment may hinder regional growth over the next few years.
Growth Factors:
- Increasing demand for ship salvage airbags from the shipping and marine industry due to increase in maritime accidents.
- Growing popularity of airbags as a safer and more efficient alternative to traditional methods of ship salvage such as cranes and chains.
- Technological advancements that have led to the development of new and more advanced types of airbags, such as inflatable pontoon bags, which are better suited for large-scale salvage operations.
- Rising awareness about the benefits of using airbags among shipping operators, who are increasingly adopting this technology for their vessels.
- The increasing use of drones in ship salvage operations, which is helping to reduce costs and improve efficiency
Scope Of The Report
Report Attributes
Report Details
Report Title
Ship Salvage Airbags Market Research Report
By Type
Ordinary Airbags, High Bearing Airbags, Super-bearing Airbags
By Application
Civil Ship, Military Ship, Other
By Companies
Blue Ocean Tackle, Evergreen-Maritime, HI-SEA Marine, MAX Group, Pacific Marine＆Industrial, Qingdao Eversafe Marine Engineering, Qingdao Jier Engineering Rubber, Qingdao Luhang Marine Airbag and Fender, Shanghai Zhiyou Marine & Offshore Equipment, Zaoqiang Dacheng Rubber Co., Ltd., Blue Ocean Tackle
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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Ship Salvage Airbags Market Report Segments:
The global Ship Salvage Airbags market is segmented on the basis of:
Types
Ordinary Airbags, High Bearing Airbags, Super-bearing Airbags
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
Civil Ship, Military Ship, Other
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:
- Blue Ocean Tackle
- Evergreen-Maritime
- HI-SEA Marine
- MAX Group
- Pacific Marine＆Industrial
- Qingdao Eversafe Marine Engineering
- Qingdao Jier Engineering Rubber
- Qingdao Luhang Marine Airbag and Fender
- Shanghai Zhiyou Marine & Offshore Equipment
- Zaoqiang Dacheng Rubber Co., Ltd.
- Blue Ocean Tackle
Highlights of The Ship Salvage Airbags 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:
- Ordinary Airbags
- High Bearing Airbags
- Super-bearing Airbags
- By Application:
- Civil Ship
- Military Ship
- Other
- 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 Ship Salvage Airbags 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
- Market Entry Strategies
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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?
Ship salvage airbags are a type of airbag designed to protect people in the event of a crash on or near a ship. The bags deploy from the ship's hull and inflate quickly, helping to cushion the impact and prevent serious injury.
Some of the major players in the ship salvage airbags market are Blue Ocean Tackle, Evergreen-Maritime, HI-SEA Marine, MAX Group, Pacific Marine＆Industrial, Qingdao Eversafe Marine Engineering, Qingdao Jier Engineering Rubber, Qingdao Luhang Marine Airbag and Fender, Shanghai Zhiyou Marine & Offshore Equipment, Zaoqiang Dacheng Rubber Co., Ltd., Blue Ocean Tackle.
The ship salvage airbags 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 Ship Salvage Airbags 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 Ship Salvage Airbags Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ship Salvage Airbags 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 Ship Salvage Airbags 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 Ship Salvage Airbags Market Size & Forecast, 2018-2028
4.5.1 Ship Salvage Airbags Market Size and Y-o-Y Growth
4.5.2 Ship Salvage Airbags Market Absolute $ Opportunity
Chapter 5 Global Ship Salvage Airbags 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 Ship Salvage Airbags Market Size Forecast by Type
5.2.1 Ordinary Airbags
5.2.2 High Bearing Airbags
5.2.3 Super-bearing Airbags
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ship Salvage Airbags 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 Ship Salvage Airbags Market Size Forecast by Applications
6.2.1 Civil Ship
6.2.2 Military Ship
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ship Salvage Airbags 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 Ship Salvage Airbags 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 Ship Salvage Airbags Analysis and Forecast
9.1 Introduction
9.2 North America Ship Salvage Airbags 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 Ship Salvage Airbags Market Size Forecast by Type
9.6.1 Ordinary Airbags
9.6.2 High Bearing Airbags
9.6.3 Super-bearing Airbags
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 Ship Salvage Airbags Market Size Forecast by Applications
9.10.1 Civil Ship
9.10.2 Military Ship
9.10.3 Other
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 Ship Salvage Airbags Analysis and Forecast
10.1 Introduction
10.2 Europe Ship Salvage Airbags 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 Ship Salvage Airbags Market Size Forecast by Type
10.6.1 Ordinary Airbags
10.6.2 High Bearing Airbags
10.6.3 Super-bearing Airbags
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 Ship Salvage Airbags Market Size Forecast by Applications
10.10.1 Civil Ship
10.10.2 Military Ship
10.10.3 Other
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 Ship Salvage Airbags Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ship Salvage Airbags 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 Ship Salvage Airbags Market Size Forecast by Type
11.6.1 Ordinary Airbags
11.6.2 High Bearing Airbags
11.6.3 Super-bearing Airbags
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 Ship Salvage Airbags Market Size Forecast by Applications
11.10.1 Civil Ship
11.10.2 Military Ship
11.10.3 Other
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 Ship Salvage Airbags Analysis and Forecast
12.1 Introduction
12.2 Latin America Ship Salvage Airbags 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 Ship Salvage Airbags Market Size Forecast by Type
12.6.1 Ordinary Airbags
12.6.2 High Bearing Airbags
12.6.3 Super-bearing Airbags
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 Ship Salvage Airbags Market Size Forecast by Applications
12.10.1 Civil Ship
12.10.2 Military Ship
12.10.3 Other
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) Ship Salvage Airbags Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ship Salvage Airbags 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) Ship Salvage Airbags Market Size Forecast by Type
13.6.1 Ordinary Airbags
13.6.2 High Bearing Airbags
13.6.3 Super-bearing Airbags
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) Ship Salvage Airbags Market Size Forecast by Applications
13.10.1 Civil Ship
13.10.2 Military Ship
13.10.3 Other
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 Ship Salvage Airbags Market: Competitive Dashboard
14.2 Global Ship Salvage Airbags Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Blue Ocean Tackle
14.3.2 Evergreen-Maritime
14.3.3 HI-SEA Marine
14.3.4 MAX Group
14.3.5 Pacific Marine＆Industrial
14.3.6 Qingdao Eversafe Marine Engineering
14.3.7 Qingdao Jier Engineering Rubber
14.3.8 Qingdao Luhang Marine Airbag and Fender
14.3.9 Shanghai Zhiyou Marine & Offshore Equipment
14.3.10 Zaoqiang Dacheng Rubber Co., Ltd.
14.3.11 Blue Ocean Tackle
