Global Life-Saving Appliance Market 2022 Size, Growth Analysis Report, Forecast to 2028

The global life-saving appliance market is expected to grow at a significant CAGR during the forecast period (2022-2028). Safety of passengers are important for people travelling by ships through water ways. Ships are involved in commercial activities so the marine activities should be conducted with proper equipment and gears. They must carry carry appropriate life-saving appliances, including lifeboats, lifebuoys, life-jackets, liferafts and many others to be used by passengers and crew in case of emergency to protect their lives at sea. As per the SOLAS convention, the carriage of life saving appliance is mandatory. In this regard, International Life-Saving Appliance (LSA) Code also provides specific insights into the requirements and speciality of life saving appliance. The number and capacity of life saving appliances which are mandatory for every cruise is different from one another. Every cruise ship and commercial ship have their own type of life savings conditional equipment. LSA code provides a bare minimum requirement in order to fulfill the condition of sailing.

Lifeboats are mandatory requirements which are to be present in every ship or commercial deck. They are of three types, free fall boats, partially covered lifeboats and totally covered lifeboats. According to the SOLAS convention, each ship sailing must have number of boats which can carry around 1.5 times the number of passengers on board. Fully covered lifeboats are used mostly in case of marine sailing. They are water tight and can be opened from both sides. Navigation can be done from within the boat and it saves passengers from extreme weather. Davit systems are hoisting, lifting and storing lifeboats. This system allows lifeboats to be secured and can be used at times need arises. This system ensures that lifeboats can be removed safely when needed.

Competitive Landscape-

Decathlon SA, O’Neill, and Intex, among others.

By Type

• Survival Suits
• Life Jackets
• Safety Vests
• Lifebuoys
• Signal Flares
• Floating Rescue Devices
• Others

By Application

• Navigation
• Retail
• Fishing and Boating
• Others

Scope of the Report
The research study analyzes the Global Life-Saving Appliance industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Global Life-Saving Appliance Market Report
1. What was the Global Life-Saving Appliance Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Global Life-Saving Appliance Market during the forecast period (2022-2028)?
   3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
   4. Which manufacturer/vendor/players in the Global Life-Saving Appliance Market was the market leader in 2021?
   5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report covers the following objectives:

• Proliferation and maturation of trade in the Global Life-Saving Appliance market.
• The market share of the Global Life-Saving Appliance market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Global Life-Saving Appliance market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Life-Saving Appliance market.