Liferaft Rental Service Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The global liferaft rental service market was valued at approximately USD 320 million in 2022. The market is projected to experience a compound annual growth rate (CAGR) of 6.5% over the forecast period. This growth is driven by increased maritime activities, heightened safety regulations, and the expanding commercial shipping sector. Additionally, rising awareness of safety measures and advancements in liferaft technology contribute to the market's expansion. The demand for cost-effective safety solutions in the maritime industry further supports market growth, providing significant opportunities for service providers to tap into emerging trends and geographical regions.
Emerging markets, particularly in regions with growing industrial and maritime sectors, present lucrative opportunities for expansion. The rising number of offshore activities, combined with stringent safety regulations in developing countries, is expected to boost the demand for liferaft rental services. These regions are anticipated to witness substantial growth, driven by the need for compliance with international safety standards and increased investment in maritime infrastructure. The evolving regulatory landscape and technological advancements in liferaft design and maintenance are likely to enhance service offerings and drive market potential in these emerging regions.
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Survitec
Datrex
Chase Leavitt
Sea Safety
Life Raft and Survival Equipment
Avalon Rafts
Aviation Survival
LifeRaftsEtc
Inflatables International
Marine Safety
CAPS Aviation
SOS Marine
RaftXChange
Oceanlink
Lifeline
Techno Fiber
NOAH
SafeTech
Louis Safety
FBO Logistics
Vancouver Liferaft
Nautical Supplies
Solas Safety
Solutionone Maritime
Port Marine
Eagle Enterprises
Taylor Marine
West Offshore Products
MOSS Australia
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Liferaft Rental Service Market
Recreational
Commercial
Based on Types the Market is categorized into Below types that held the largest Liferaft Rental Service market share In 2023.
Aviation Liferaft
Marine Liferaft
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Liferaft Rental Service Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Liferaft Rental Service Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Liferaft Rental Service Market, By Type
6. Global Liferaft Rental Service Market, By Application
7. Global Liferaft Rental Service Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Liferaft Rental Service Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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