Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Offshore Buoyancy Bags Market by Type (Capacity Less Than 10 Tons, 10-50 Tons, More Than 50 Tons), By Application (Marine Salvage, Pipe and Cable Laying, Under Water Construction, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Offshore Buoyancy Bags Market by Type (Capacity Less Than 10 Tons, 10-50 Tons, More Than 50 Tons), By Application (Marine Salvage, Pipe and Cable Laying, Under Water Construction, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 158518 3300 Machinery & Equipment 377 244 Pages 4.6 (31)
                                          

Market Overview:


The global offshore buoyancy bags market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for offshore buoyancy bags in marine salvage, pipe and cable laying, under water construction, and other applications. In terms of type, the market is segmented into capacity less than 10 tons, 10-50 tons, and more than 50 tons. The capacity less than 10 tons segment is expected to grow at a CAGR of 6% during the forecast period from 2018 to 2030. This growth can be attributed to the increasing demand for lightweight buoyancy bags in small-scale applications such as marine salvage and under water construction.


Global Offshore Buoyancy Bags Industry Outlook


Product Definition:


Offshore buoyancy bags are air-filled bags that are used as flotation devices to keep objects afloat in the water. They are often used on boats and other water vessels to provide extra buoyancy and stability, and can also be used for rescue operations.


Capacity Less Than 10 Tons:


Capacity less than 10 tons is the minimum weight of cargo that can be carried by a ship. It is used to measure the total weight of cargo and goods on board a vessel. The term was originated from days when ships were loaded with only their ballast (weight) and no passengers or crew, which made them very buoyant and easy to float even in shallow water.


10-50 Tons:


10-50 tons is the weight range of the off-highway trucks used to transport equipment and materials for oil & gas offshore drilling operations. The 10-50 ton truck can carry up to 1,500 kgs of equipment or material. It is also used in transportation of heavy construction machinery such as backhoe loaders and other vehicles that are used in onshore activities such as road work, mining, etc.


Application Insights:


The marine salvage application segment led the market in 2017 and is projected to witness significant growth over the forecast period. Marine salvage operations are carried out for rescue and recovery of crew members or passengers stranded at sea, removal of debris from ships or boats that have run aground, as well as for cleaning up oil spills. The use of buoyancy bags aids in reducing noise and fuel consumption by keeping the vessel steady while underway. Furthermore, they assist in reducing vessel exposure to damage during heavy weather conditions such as stormy seas or wind-driven waves.


The pipe & cable laying application segment is expected to register a CAGR exceeding 8% during the estimated period owing to rising demand from across various regions including Asia Pacific, North America, Europe etc.


Regional Analysis:


Europe was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue owing to high demand from countries, such as U.K., Germany, Netherlands, Belgium, France among others. North America is also projected to be one of the promising regions with a CAGR exceeding 5% during the forecast period due to increasing offshore projects and marine activities in U.S.


Asia Pacific has been witnessing rapid growth in marine transportation which will drive product demand over next eight years or so.


Growth Factors:


  • Increasing demand for offshore buoyancy bags from the oil and gas industry as a result of increasing exploration and production activities
  • Rising popularity of offshore buoyancy bags among end-users due to their features such as high durability, low maintenance, and easy installation
  • Growing investments in the oil and gas sector across the globe
  • Proliferation of new applications for offshore buoyancy bags in various industries such as marine transportation, dredging, construction, etc.
  • Technological advancements in the design and manufacturing of offshore buoyancy bags that are helping to reduce their overall cost

Scope Of The Report

Report Attributes

Report Details

Report Title

Offshore Buoyancy Bags Market Research Report

By Type

Capacity Less Than 10 Tons, 10-50 Tons, More Than 50 Tons

By Application

Marine Salvage, Pipe and Cable Laying, Under Water Construction, Others

By Companies

Unique Group, Subsalve USA, JW Automarine, Carter Lift Bag, SOCAP SRL, Turtle-Pac, Holmatro, Matjack, PRONAL, Canflex USA Inc, DOOWIN (DooFlex), Qingdao Evergreen Maritime, Shandong Nanhai Airbag Engineering

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

244

Number of Tables & Figures

171

Customization Available

Yes, the report can be customized as per your need.


Global Offshore Buoyancy Bags Market Report Segments:

The global Offshore Buoyancy Bags market is segmented on the basis of:

Types

Capacity Less Than 10 Tons, 10-50 Tons, More Than 50 Tons

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

Marine Salvage, Pipe and Cable Laying, Under Water Construction, 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:

  1. Unique Group
  2. Subsalve USA
  3. JW Automarine
  4. Carter Lift Bag
  5. SOCAP SRL
  6. Turtle-Pac
  7. Holmatro
  8. Matjack
  9. PRONAL
  10. Canflex USA Inc
  11. DOOWIN (DooFlex)
  12. Qingdao Evergreen Maritime
  13. Shandong Nanhai Airbag Engineering

Global Offshore Buoyancy Bags Market Overview


Highlights of The Offshore Buoyancy Bags Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Capacity Less Than 10 Tons
    2. 10-50 Tons
    3. More Than 50 Tons
  1. By Application:

    1. Marine Salvage
    2. Pipe and Cable Laying
    3. Under Water Construction
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Offshore Buoyancy Bags 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
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Offshore Buoyancy Bags Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Offshore buoyancy bags are a type of life jacket that help keep a person afloat if they fall overboard. They are made from materials such as neoprene, rubber, and PVC, and come in different sizes to fit most people. Offshore buoyancy bags can be attached to the body or worn around the waist like a belt. They work by trapping air bubbles and providing lift while swimming or diving.

Some of the major players in the offshore buoyancy bags market are Unique Group, Subsalve USA, JW Automarine, Carter Lift Bag, SOCAP SRL, Turtle-Pac, Holmatro, Matjack, PRONAL, Canflex USA Inc, DOOWIN (DooFlex), Qingdao Evergreen Maritime, Shandong Nanhai Airbag Engineering.

The offshore buoyancy bags market is expected to grow at a compound annual growth rate of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Offshore Buoyancy Bags Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Offshore Buoyancy Bags Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Offshore Buoyancy Bags Market - Supply Chain
   4.5. Global Offshore Buoyancy Bags Market Forecast
      4.5.1. Offshore Buoyancy Bags Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Offshore Buoyancy Bags Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Offshore Buoyancy Bags Market Absolute $ Opportunity

5. Global Offshore Buoyancy Bags Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Offshore Buoyancy Bags Market Size and Volume Forecast by Type
      5.3.1. Capacity Less Than 10 Tons
      5.3.2. 10-50 Tons
      5.3.3. More Than 50 Tons
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Offshore Buoyancy Bags Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Offshore Buoyancy Bags Market Size and Volume Forecast by Application
      6.3.1. Marine Salvage
      6.3.2. Pipe and Cable Laying
      6.3.3. Under Water Construction
      6.3.4. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Offshore Buoyancy Bags Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Offshore Buoyancy Bags Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Offshore Buoyancy Bags Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Offshore Buoyancy Bags Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Offshore Buoyancy Bags Demand Share Forecast, 2019-2026

9. North America Offshore Buoyancy Bags Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Offshore Buoyancy Bags Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Offshore Buoyancy Bags Market Size and Volume Forecast by Application
      9.4.1. Marine Salvage
      9.4.2. Pipe and Cable Laying
      9.4.3. Under Water Construction
      9.4.4. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Offshore Buoyancy Bags Market Size and Volume Forecast by Type
      9.7.1. Capacity Less Than 10 Tons
      9.7.2. 10-50 Tons
      9.7.3. More Than 50 Tons
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Offshore Buoyancy Bags Demand Share Forecast, 2019-2026

10. Latin America Offshore Buoyancy Bags Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Offshore Buoyancy Bags Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Offshore Buoyancy Bags Market Size and Volume Forecast by Application
      10.4.1. Marine Salvage
      10.4.2. Pipe and Cable Laying
      10.4.3. Under Water Construction
      10.4.4. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Offshore Buoyancy Bags Market Size and Volume Forecast by Type
      10.7.1. Capacity Less Than 10 Tons
      10.7.2. 10-50 Tons
      10.7.3. More Than 50 Tons
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Offshore Buoyancy Bags Demand Share Forecast, 2019-2026

11. Europe Offshore Buoyancy Bags Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Offshore Buoyancy Bags Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Offshore Buoyancy Bags Market Size and Volume Forecast by Application
      11.4.1. Marine Salvage
      11.4.2. Pipe and Cable Laying
      11.4.3. Under Water Construction
      11.4.4. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Offshore Buoyancy Bags Market Size and Volume Forecast by Type
      11.7.1. Capacity Less Than 10 Tons
      11.7.2. 10-50 Tons
      11.7.3. More Than 50 Tons
   11.8. Basis PointShare (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Offshore Buoyancy Bags Demand Share, 2019-2026

12. Asia Pacific Offshore Buoyancy Bags Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Offshore Buoyancy Bags Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Offshore Buoyancy Bags Market Size and Volume Forecast by Application
      12.4.1. Marine Salvage
      12.4.2. Pipe and Cable Laying
      12.4.3. Under Water Construction
      12.4.4. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Offshore Buoyancy Bags Market Size and Volume Forecast by Type
      12.7.1. Capacity Less Than 10 Tons
      12.7.2. 10-50 Tons
      12.7.3. More Than 50 Tons
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Offshore Buoyancy Bags Demand Share, 2019-2026

13. Middle East & Africa Offshore Buoyancy Bags Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Offshore Buoyancy Bags Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Offshore Buoyancy Bags Market Size and Volume Forecast by Application
      13.4.1. Marine Salvage
      13.4.2. Pipe and Cable Laying
      13.4.3. Under Water Construction
      13.4.4. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Offshore Buoyancy Bags Market Size and Volume Forecast by Type
      13.7.1. Capacity Less Than 10 Tons
      13.7.2. 10-50 Tons
      13.7.3. More Than 50 Tons
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Offshore Buoyancy Bags Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Offshore Buoyancy Bags Market: Market Share Analysis
   14.2. Offshore Buoyancy Bags Distributors and Customers
   14.3. Offshore Buoyancy Bags Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Unique Group
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Subsalve USA
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. JW Automarine
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Carter Lift Bag
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. SOCAP SRL
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Turtle-Pac
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Holmatro
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Matjack
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. PRONAL
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Canflex USA Inc
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. DOOWIN (DooFlex)
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Qingdao Evergreen Maritime
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Shandong Nanhai Airbag Engineering
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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