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.
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:
- 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
Highlights of The Offshore Buoyancy Bags 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:
- Capacity Less Than 10 Tons
- 10-50 Tons
- More Than 50 Tons
- By Application:
- Marine Salvage
- Pipe and Cable Laying
- Under Water Construction
- 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 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.
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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?
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