Life Buoy Market Scope and Size by 2031
Throwable lifebuoy rings are designed to be thrown to a person in the water in order to prevent drowning. Rings for lifebuoys are also known as 'perry buoys' or 'kisby rings.' Rings for lifebuoys are not worn like life jackets. A connecting rope in these rings helps the rescue team to extract the person from a ship or boat. Life-saving buoys in the shape of a ring or a horseshoe are required to be kept on cruise ships, boats, and yachts. The most typical usage of lifebuoy rings is in emergency situations, and they must be readily available.
MARKET DYNAMICS
Increasing number of people participating in adventure water sports is driving the growth of the life buoy market. Furthermore, awareness about safety and rise in number of sailing championships, is anticipated to create market opportunities for the life buoy market during the forecast period. However, increasing cost of raw material may restrain the growth of the life buoy market.
MARKET SCOPE
The "Life Buoy Market" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the life buoy market with detailed market segmentation by material and by end user. The life buoy market is expected to witness high growth during the forecast period. The report key trends and opportunities in the market.
MARKET SEGMENTATION
The life buoy market is segmented into material, and end user. By material, the life buoy market is classified into nylon, foam and plastic. By end user, the life buoy market is classified into recreational, maritime rescue and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global life buoy market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The life buoy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the life buoy market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the life buoy market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global life buoy market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The life buoy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the life buoy market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the life buoy market in these regions.
MARKET PLAYERS
The report covers vital developments in the life buoy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the life buoy market are anticipated to witness lucrative growth opportunities in the future with the rising demand for table stand in the global market. Below mentioned is the list of few companies engaged in the life buoy market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the life buoy market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Firetex Protective Technologies Pvt Ltd
- Billy Pugh Co., Inc.
- CMP Group Ltd.
- JimBuoy
- LALIZAS
- Metro Safety India Private Limited.
- Survitec Group Limited
- MAYUR INDUSTRIAL CORPORATION
- Galvanisers India
- SHM SHIPCARE
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Life Buoy Market - By Material
1.3.2 Life Buoy Market - By End Use
1.3.3 Life Buoy Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LIFE BUOY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. LIFE BUOY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LIFE BUOY MARKET - GLOBAL MARKET ANALYSIS
6.1. LIFE BUOY - GLOBAL MARKET OVERVIEW
6.2. LIFE BUOY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. LIFE BUOY MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. NYLON
7.3.1. Overview
7.3.2. Nylon Market Forecast and Analysis
7.4. FOAM
7.4.1. Overview
7.4.2. Foam Market Forecast and Analysis
7.5. PLASTIC
7.5.1. Overview
7.5.2. Plastic Market Forecast and Analysis
8. LIFE BUOY MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. RECREATIONAL
8.3.1. Overview
8.3.2. Recreational Market Forecast and Analysis
8.4. MARITIME RESCUE
8.4.1. Overview
8.4.2. Maritime Rescue Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. LIFE BUOY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Life Buoy Market Overview
9.1.2 North America Life Buoy Market Forecasts and Analysis
9.1.3 North America Life Buoy Market Forecasts and Analysis - By Material
9.1.4 North America Life Buoy Market Forecasts and Analysis - By End Use
9.1.5 North America Life Buoy Market Forecasts and Analysis - By Countries
9.1.5.1 United States Life Buoy Market
9.1.5.1.1 United States Life Buoy Market by Material
9.1.5.1.2 United States Life Buoy Market by End Use
9.1.5.2 Canada Life Buoy Market
9.1.5.2.1 Canada Life Buoy Market by Material
9.1.5.2.2 Canada Life Buoy Market by End Use
9.1.5.3 Mexico Life Buoy Market
9.1.5.3.1 Mexico Life Buoy Market by Material
9.1.5.3.2 Mexico Life Buoy Market by End Use
9.2. EUROPE
9.2.1 Europe Life Buoy Market Overview
9.2.2 Europe Life Buoy Market Forecasts and Analysis
9.2.3 Europe Life Buoy Market Forecasts and Analysis - By Material
9.2.4 Europe Life Buoy Market Forecasts and Analysis - By End Use
9.2.5 Europe Life Buoy Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Life Buoy Market
9.2.5.1.1 Germany Life Buoy Market by Material
9.2.5.1.2 Germany Life Buoy Market by End Use
9.2.5.2 France Life Buoy Market
9.2.5.2.1 France Life Buoy Market by Material
9.2.5.2.2 France Life Buoy Market by End Use
9.2.5.3 Italy Life Buoy Market
9.2.5.3.1 Italy Life Buoy Market by Material
9.2.5.3.2 Italy Life Buoy Market by End Use
9.2.5.4 United Kingdom Life Buoy Market
9.2.5.4.1 United Kingdom Life Buoy Market by Material
9.2.5.4.2 United Kingdom Life Buoy Market by End Use
9.2.5.5 Russia Life Buoy Market
9.2.5.5.1 Russia Life Buoy Market by Material
9.2.5.5.2 Russia Life Buoy Market by End Use
9.2.5.6 Rest of Europe Life Buoy Market
9.2.5.6.1 Rest of Europe Life Buoy Market by Material
9.2.5.6.2 Rest of Europe Life Buoy Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Life Buoy Market Overview
9.3.2 Asia-Pacific Life Buoy Market Forecasts and Analysis
9.3.3 Asia-Pacific Life Buoy Market Forecasts and Analysis - By Material
9.3.4 Asia-Pacific Life Buoy Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific Life Buoy Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Life Buoy Market
9.3.5.1.1 Australia Life Buoy Market by Material
9.3.5.1.2 Australia Life Buoy Market by End Use
9.3.5.2 China Life Buoy Market
9.3.5.2.1 China Life Buoy Market by Material
9.3.5.2.2 China Life Buoy Market by End Use
9.3.5.3 India Life Buoy Market
9.3.5.3.1 India Life Buoy Market by Material
9.3.5.3.2 India Life Buoy Market by End Use
9.3.5.4 Japan Life Buoy Market
9.3.5.4.1 Japan Life Buoy Market by Material
9.3.5.4.2 Japan Life Buoy Market by End Use
9.3.5.5 South Korea Life Buoy Market
9.3.5.5.1 South Korea Life Buoy Market by Material
9.3.5.5.2 South Korea Life Buoy Market by End Use
9.3.5.6 Rest of Asia-Pacific Life Buoy Market
9.3.5.6.1 Rest of Asia-Pacific Life Buoy Market by Material
9.3.5.6.2 Rest of Asia-Pacific Life Buoy Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Life Buoy Market Overview
9.4.2 Middle East and Africa Life Buoy Market Forecasts and Analysis
9.4.3 Middle East and Africa Life Buoy Market Forecasts and Analysis - By Material
9.4.4 Middle East and Africa Life Buoy Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa Life Buoy Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Life Buoy Market
9.4.5.1.1 South Africa Life Buoy Market by Material
9.4.5.1.2 South Africa Life Buoy Market by End Use
9.4.5.2 Saudi Arabia Life Buoy Market
9.4.5.2.1 Saudi Arabia Life Buoy Market by Material
9.4.5.2.2 Saudi Arabia Life Buoy Market by End Use
9.4.5.3 U.A.E Life Buoy Market
9.4.5.3.1 U.A.E Life Buoy Market by Material
9.4.5.3.2 U.A.E Life Buoy Market by End Use
9.4.5.4 Rest of Middle East and Africa Life Buoy Market
9.4.5.4.1 Rest of Middle East and Africa Life Buoy Market by Material
9.4.5.4.2 Rest of Middle East and Africa Life Buoy Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Life Buoy Market Overview
9.5.2 South and Central America Life Buoy Market Forecasts and Analysis
9.5.3 South and Central America Life Buoy Market Forecasts and Analysis - By Material
9.5.4 South and Central America Life Buoy Market Forecasts and Analysis - By End Use
9.5.5 South and Central America Life Buoy Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Life Buoy Market
9.5.5.1.1 Brazil Life Buoy Market by Material
9.5.5.1.2 Brazil Life Buoy Market by End Use
9.5.5.2 Argentina Life Buoy Market
9.5.5.2.1 Argentina Life Buoy Market by Material
9.5.5.2.2 Argentina Life Buoy Market by End Use
9.5.5.3 Rest of South and Central America Life Buoy Market
9.5.5.3.1 Rest of South and Central America Life Buoy Market by Material
9.5.5.3.2 Rest of South and Central America Life Buoy Market by End Use
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LIFE BUOY MARKET, KEY COMPANY PROFILES
11.1. FIRETEX PROTECTIVE TECHNOLOGIES PVT LTD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BILLY PUGH CO., INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CMP GROUP LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. JIMBUOY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LALIZAS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. METRO SAFETY INDIA PRIVATE LIMITED.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SURVITEC GROUP LIMITED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MAYUR INDUSTRIAL CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. GALVANISERS INDIA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SHM SHIPCARE
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Firetex Protective Technologies Pvt Ltd
2.Billy Pugh Co., Inc.
3.CMP Group Ltd.
4.JimBuoy
5.LALIZAS
6.Metro Safety India Private Limited.
7.Survitec Group Limited
8.MAYUR INDUSTRIAL CORPORATION
9.Galvanisers India
10.SHM SHIPCARE
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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