Market Overview:
The Global Underwater Air Lifting Bags 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 air lifting bags in various applications such as light salvage, object recovery, underwater construction, scientific research and others. Additionally, the market growth is also propelled by the increasing awareness about safety and security measures while carrying out underwater operations. The parachute type lifting bags segment held a dominant share of more than 60% in 2017 and is projected to maintain its dominance during the forecast period from 2018 to 2030. This can be attributed to their high efficiency and easy handling characteristics which make them suitable for use in various applications such as light salvage, object recovery and scientific research among others.
Product Definition:
An air lifting bag is a large, rubberized bag that can be inflated with air to lift heavy objects. They are often used in construction and demolition to move large pieces of rubble or machinery. Underwater lifting bags are similar in design, but are specifically designed to be used underwater. They can be inflated with air to lift heavy objects such as sunken boats or debris from the bottom of a lake or river.
Parachute Type Lifting Bags:
Parachute Type Lifting Bags are used in underwater air lifting bags market. Parachute type lifting bags have a large surface area and high volume of air cells, which results in greater load capacity for the same weight as compared to traditional lifting bags. The main purpose of using parachute type is to reduce the speed of fall by 70% when water or land is reached, thereby reducing the impact force on personnel and equipment.
Totally Enclosed Air Lift Bags:
Totally Enclosed Air Lift (TEAL) bags are used in underwater air lifting applications. They function by creating a vacuum within the bag that is then drawn into the aircraft through the open door and lifted into the air by an external source of pressure. TEAL bags have no valves or openings other than for entry and egress of water, therefore they provide total protection to equipment being transported as well as operator’s safety during operations.
Application Insights:
The underwater construction segment is expected to register the fastest CAGR of XX% over the forecast period owing to rising applications in marine infrastructure development, such as ports, canals and reservoirs. The scientific research segment held a significant share of undersea lifting bags market in 2017 and is projected to continue its dominance over the forecast period due to increasing use for tasks such as specimen collection from deep sea trenches or oceanic ridges.
Other applications include light salvage operations, object recovery & exploration activities wherein airlift bags are used for decompression operations at greater depths where atmospheric pressure is less or where there's a risk of decompression sickness (DCS). These are typically used on smaller projects/vessels with limited budgets that require only minimal assistance during recovery efforts at sea floor level. Such projects usually involve delicate operations where human life may be endangered if done by surface means alone hence these types of lift bags find application-specific uses across all verticals within this industry sector.
Regional Analysis:
Asia Pacific dominated the global underwater air lifting bags market in 2016 and is expected to continue over the forecast period. The growth of this region can be attributed to increasing marine activities coupled with rising government initiatives for marine research in countries such as India, China, Thailand, Philippines and Indonesia. Moreover, several oil & gas exploration activities are carried out from offshore areas of these countries which further drives product demand.
The Asia Pacific market was valued at USD X million in 2016.
Growth Factors:
- Increasing demand for underwater air lifting bags from the construction and infrastructure sectors as a result of rapid urbanization and industrialization.
- Rising popularity of air lifting bags as an efficient and economical alternative to traditional methods such as cranes, forklifts, and manpower for handling heavy loads underwater.
- Growing awareness about the benefits of using airlifting bags among end-users, which is resulting in increased adoption across various industries.
- Technological advancements that are making airlifting bags more reliable, durable, and user-friendly are driving their demand in the market.
- The increasing use of airlifting bags in salvage operations and other emergency situations is propelling their growth globally
Scope Of The Report
Report Attributes
Report Details
Report Title
Underwater Air Lifting Bags Market Research Report
By Type
Parachute Type Lifting Bags, Totally Enclosed Air Lift Bags, Pillow Type Air Lifting Bags, Others
By Application
Light Salvage, Object Recovery, Underwater Construction, Scientific Research, Others
By Companies
Unique Group, SUBSALVE, JW Automarine, SO.CA.P srl, Carter Lift Bag, Matjack, Turtle-Pac, Prolift, Canflex, Qingdao DOOWIN, Musthane, PRONAL, Buitink Technology, Yutung Group, ARK (African River Kraft)
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 Underwater Air Lifting Bags Market Report Segments:
The global Underwater Air Lifting Bags market is segmented on the basis of:
Types
Parachute Type Lifting Bags, Totally Enclosed Air Lift Bags, Pillow Type Air Lifting Bags, Others
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
Light Salvage, Object Recovery, Underwater Construction, Scientific Research, 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
- JW Automarine
- SO.CA.P srl
- Carter Lift Bag
- Matjack
- Turtle-Pac
- Prolift
- Canflex
- Qingdao DOOWIN
- Musthane
- PRONAL
- Buitink Technology
- Yutung Group
- ARK (African River Kraft)
Highlights of The Underwater Air Lifting 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:
- Parachute Type Lifting Bags
- Totally Enclosed Air Lift Bags
- Pillow Type Air Lifting Bags
- Others
- By Application:
- Light Salvage
- Object Recovery
- Underwater Construction
- Scientific Research
- 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 Underwater Air Lifting 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?
Underwater air lifting bags are a type of device used to lift objects or people underwater. They work by using the buoyancy of water to help push and pull objects or people through the water.
Some of the major players in the underwater air lifting bags market are Unique Group, SUBSALVE, JW Automarine, SO.CA.P srl, Carter Lift Bag, Matjack, Turtle-Pac, Prolift, Canflex, Qingdao DOOWIN, Musthane, PRONAL, Buitink Technology, Yutung Group, ARK (African River Kraft).
The underwater air lifting 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. Underwater Air Lifting 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. Underwater Air Lifting Bags Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Underwater Air Lifting Bags Market - Supply Chain
4.5. Global Underwater Air Lifting Bags Market Forecast
4.5.1. Underwater Air Lifting Bags Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Underwater Air Lifting Bags Market Size (000 Units) and Y-o-Y Growth
4.5.3. Underwater Air Lifting Bags Market Absolute $ Opportunity
5. Global Underwater Air Lifting 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. Underwater Air Lifting Bags Market Size and Volume Forecast by Type
5.3.1. Parachute Type Lifting Bags
5.3.2. Totally Enclosed Air Lift Bags
5.3.3. Pillow Type Air Lifting Bags
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Underwater Air Lifting 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. Underwater Air Lifting Bags Market Size and Volume Forecast by Application
6.3.1. Light Salvage
6.3.2. Object Recovery
6.3.3. Underwater Construction
6.3.4. Scientific Research
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Underwater Air Lifting 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. Underwater Air Lifting 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 Underwater Air Lifting 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. Underwater Air Lifting 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 Underwater Air Lifting Bags Demand Share Forecast, 2019-2026
9. North America Underwater Air Lifting 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 Underwater Air Lifting 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 Underwater Air Lifting Bags Market Size and Volume Forecast by Application
9.4.1. Light Salvage
9.4.2. Object Recovery
9.4.3. Underwater Construction
9.4.4. Scientific Research
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Underwater Air Lifting Bags Market Size and Volume Forecast by Type
9.7.1. Parachute Type Lifting Bags
9.7.2. Totally Enclosed Air Lift Bags
9.7.3. Pillow Type Air Lifting Bags
9.7.4. Others
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 Underwater Air Lifting Bags Demand Share Forecast, 2019-2026
10. Latin America Underwater Air Lifting 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 Underwater Air Lifting 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 Underwater Air Lifting Bags Market Size and Volume Forecast by Application
10.4.1. Light Salvage
10.4.2. Object Recovery
10.4.3. Underwater Construction
10.4.4. Scientific Research
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Underwater Air Lifting Bags Market Size and Volume Forecast by Type
10.7.1. Parachute Type Lifting Bags
10.7.2. Totally Enclosed Air Lift Bags
10.7.3. Pillow Type Air Lifting Bags
10.7.4. Others
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 Underwater Air Lifting Bags Demand Share Forecast, 2019-2026
11. Europe Underwater Air Lifting 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 Underwater Air Lifting 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 Underwater Air Lifting Bags Market Size and Volume Forecast by Application
11.4.1. Light Salvage
11.4.2. Object Recovery
11.4.3. Underwater Construction
11.4.4. Scientific Research
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Underwater Air Lifting Bags Market Size and Volume Forecast by Type
11.7.1. Parachute Type Lifting Bas
11.7.2. Totally Enclosed Air Lift Bags
11.7.3. Pillow Type Air Lifting Bags
11.7.4. Others
11.8. Basis Point Share (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 Underwater Air Lifting Bags Demand Share, 2019-2026
12. Asia Pacific Underwater Air Lifting 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 Underwater Air Lifting 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 Underwater Air Lifting Bags Market Size and Volume Forecast by Application
12.4.1. Light Salvage
12.4.2. Object Recovery
12.4.3. Underwater Construction
12.4.4. Scientific Research
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Underwater Air Lifting Bags Market Size and Volume Forecast by Type
12.7.1. Parachute Type Lifting Bags
12.7.2. Totally Enclosed Air Lift Bags
12.7.3. Pillow Type Air Lifting Bags
12.7.4. Others
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 Underwater Air Lifting Bags Demand Share, 2019-2026
13. Middle East & Africa Underwater Air Lifting 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 Underwater Air Lifting 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 Underwater Air Lifting Bags Market Size and Volume Forecast by Application
13.4.1. Light Salvage
13.4.2. Object Recovery
13.4.3. Underwater Construction
13.4.4. Scientific Research
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Underwater Air Lifting Bags Market Size and Volume Forecast by Type
13.7.1. Parachute Type Lifting Bags
13.7.2. Totally Enclosed Air Lift Bags
13.7.3. Pillow Type Air Lifting Bags
13.7.4. Others
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 Underwater Air Lifting Bags Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Underwater Air Lifting Bags Market: Market Share Analysis
14.2. Underwater Air Lifting Bags Distributors and Customers
14.3. Underwater Air Lifting 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
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. SO.CA.P srl
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Carter Lift Bag
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Matjack
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Turtle-Pac
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Prolift
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Canflex
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Qingdao DOOWIN
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Musthane
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. PRONAL
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Buitink Technology
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Yutung Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ARK (African River Kraft)
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
