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
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.