The global Lifeboat market was valued at 22.03 Million USD in 2021 and will grow with a CAGR of 3.06% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Lifeboat is one of the most important life-saving equipment onboard a ship, which is used at the time of extreme emergencies for abandoning a ship. Lifeboat is a smaller rigid vessel, secured onboard into davits so that it can be launched over the side of the ship with least time and mechanical assistance possible for an early escape of the crew from the ship.The global average price of Lifeboat is in the decreasing trend, from 53 K USD/Unit in 2012 to 50 K USD/Unit in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years. The classification of Lifeboat includes Freefall Lifeboats and Conventional Lifeboats, and the proportion of Conventional Lifeboats in 2016 is about 53%, and the proportion is in decreasing trend from 2012 to 2016. Lifeboat is widely used in Cruise Ship, Cargo Ship and Other. Europe region is the largest supplier of Lifeboat, with a production market share nearly 43% in 2016. China is the second largest supplier of Lifeboat, enjoying production market share nearly 21% in 2016. China is the largest consumption place, with a consumption market share nearly 26% in 2016. Following Korea, Korea is the second largest consumption place with the consumption market share of 23%.

By Market Verdors:

Norsafe

Qingdao Beihai Shipbuilding

Palfingermarine

Survival Systems

HLB

Fassmer

Vanguard

Hatecke

Jiangsu Jiaoyan

DSB Engineering

Nishi-F

ACEBI

Balden Marine

Shigi

By Types:

Conventional Lifeboat

Freefall Lifeboat

By Applications:

Cruise Ship

Cargo Ship

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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