Market Overview:
The global underwater lift 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 underwater lift 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. Capacity less than 10 tons held the largest share of the global underwater lift bags market in 2017 owing to its low cost and easy availability. However, capacity more than 50 tons is expected to grow at a higher CAGR during the forecast period as it offers high lifting capacity compared with other types of underwater lift bags.
Product Definition:
Underwater lift bags are devices that are used to create an air pocket under an object, which then causes the object to float. This is often used in rescue operations or in removing objects from a body of water.
Capacity Less Than 10 Tons:
Capacity less than 10 tons is a lifting device used to transfer material from one place to another under water. It's operation can be best described as an underwater vacuum cleaner. The machine consists of a hoist or winch which is used for lifting the cargo and holding it in air until the cargo is transferred to the desired location.
10-50 Tons:
10-50 tons is the weight range of underwater lift bags. It is used in various applications such as for raising and lowering heavy objects under water surface or lifting objects from one location to another. These are made up of strong polypropylene fabric, which can withstand extreme pressure and temperature conditions. They are designed to work efficiently in both saltwater and fresh water environments without any modification or special treatment.
Application Insights:
The market is segmented by application into marine salvage, pipe and cable laying, under water construction, and others. Under water construction was the largest application segment in 2017. The growth can be attributed to increasing demand for such services in order to facilitate easy access to offshore oil fields or deep-water locations where conventional methods of installation cannot be used.
Marine salvage is expected to grow at a significant rate over the forecast period owing to rising instances of shipwreck occurrence along with increasing government initiatives on safety equipment replacement schedules for aging ships that are still operational but about which little information is available publicly other than their names and flags. These initiatives are likely drive underwater lift bag sales over the forecast period as well as result in increased competition among vendors operating within this industry space.
Regional Analysis:
Asia Pacific dominated the global underwater lift bags market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing offshore activities in countries such as India, China, Indonesia, Malaysia and Thailand. Furthermore, rising demand for oil & gas from countries such as Vietnam and Philippines is expected to drive the regional market further.
The Asia Pacific region has witnessed a high number of accidents involving ships causing significant damage to pipelines or other underwater structures resulting in an increase in demand for repair work which will boost product adoption over the forecast period. North America also had a prominent share owing to extensive use of these products during marine salvage operations along with their application during pipeline installation jobs on land thus boosting overall revenue generation within this region.
Growth Factors:
- Increasing demand for underwater lift bags from the construction and infrastructure sectors as a result of growing urbanization and development activities.
- Rising popularity of underwater lift bags among end-use industries as an efficient and economical means for handling, moving, and positioning heavy objects in water bodies.
- Growing awareness about the benefits of using underwater lift bags among consumers due to increasing marketing initiatives by leading players in the market.
- Technological advancements in the design and manufacturing of underwater lift bags that are helping to improve their efficiency and performance characteristics.
- Expansion of distribution networks by key players in order to cater to the rising demand for underwater lift bags across regions worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Underwater Lift 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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Underwater Lift Bags Market Report Segments:
The global Underwater Lift 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 Underwater Lift 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 Underwater Lift 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
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 lift bags are a type of buoyancy control device that is used to help divers stay afloat while they are underwater. They work by using the weight of the diver and the water around them to keep them in place, much like a life preserver does on land.
Some of the major players in the underwater lift 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 underwater lift bags market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Underwater Lift 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 Lift 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 Lift Bags Market - Supply Chain
4.5. Global Underwater Lift Bags Market Forecast
4.5.1. Underwater Lift Bags Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Underwater Lift Bags Market Size (000 Units) and Y-o-Y Growth
4.5.3. Underwater Lift Bags Market Absolute $ Opportunity
5. Global Underwater Lift 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 Lift 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 Underwater Lift 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 Lift 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 Underwater Lift 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 Lift 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 Lift 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 Lift 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 Lift Bags Demand Share Forecast, 2019-2026
9. North America Underwater Lift 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 Lift 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 Lift 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 Underwater Lift 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 Underwater Lift Bags Demand Share Forecast, 2019-2026
10. Latin America Underwater Lift 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 Lift 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 Lift 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 Underwater Lift 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 Underwater Lift Bags Demand Share Forecast, 2019-2026
11. Europe Underwater Lift 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 Lift 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 Lift 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 Underwater Lift 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 Point Share (BPS) Anaysis 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 Lift Bags Demand Share, 2019-2026
12. Asia Pacific Underwater Lift 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 Lift 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 Lift 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 Underwater Lift 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 Underwater Lift Bags Demand Share, 2019-2026
13. Middle East & Africa Underwater Lift 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 Lift 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 Lift 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 Underwater Lift 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 Underwater Lift Bags Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Underwater Lift Bags Market: Market Share Analysis
14.2. Underwater Lift Bags Distributors and Customers
14.3. Underwater Lift 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
