A recent report published by Infinium Global Research on marine airbags market provides in-depth analysis of segments and sub-segments in the global as well as regional marine airbags market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional marine airbags market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global marine airbags market. According to the report, the global marine airbags market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
Marine airbags are used for launching marine vessels, a process of transferring a vessel to the water. Marine airbags are made with synthetic tire cord reinforcing layer, a rubber layer and are kind of sausage-shaped pneumatic balloon. Marine airbag saves time, lands, investment and needs much lower maintenance. Marine airbags are movable, reusable for a limited number of years which helps to launch the ship safely. Marine airbags consist of three parts such as airbag body, airbag heads, and airbag mouths. Moreover, the length of the airbags is itemized by customers when it is manufactured.
The increasing use of marine airbags in marine projects such as cargo boat launching, landing, lifting & disembarking, marine salvage and heavy transportation drive the growth of the global marine airbags market. Apart from this, marine airbags are also in other marine areas like naval salvage, large watertight chambers used for underwater construction activities and floating docks. It is estimated that, that about 80% of new ships with DWT below 60,000 are launched by marine airbags. Additionally, marine airbags are environment protective, green technology, do no harm to the environment which in turns, aid the demand of market during the forecast period. However, marine airbags are not suitable for whose DWT higher than 80,000 tonnes may hamper the growth of the market. Furthermore, growth in research and development activities and new product launch is expected to offer immense opportunities for the global marine airbags market during the forecast period.
Among the geographies, the global marine airbags market is bifurcated into North America, Europe, Asia Pacific, and RoW. North America and Asia Pacific regions hold maximum share in this market during the forecast period due to increasing cost in air cargo transport system is shifting its demand towards marine transportation. The growth in the Asia-Pacific is due to an increase in the manufacture of new vessels. Additionally, the growing government regulation pertaining to marine safety drives the demand for marine airbags market in the Asia Pacific region.
The report on global marine airbags market covers segments such as type and applications. On the basis of by type, the sub-markets include ship launching airbag, marine salvage airbags, and heavy lifting airbags. On the basis of applications, the sub-markets include civil ship, and military ship.
The report provides profiles of the companies in the market such as Qingdao Jier Engineering Rubber Co., Ltd., HI-SEA Marine, Eversafe Marine Engineering CO., LTD, Qingdao Luhang Marine Airbag and Fender Co., Ltd, Shanghai Zhiyou Marine & Offshore Equipment Co., Ltd, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of marine airbags market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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