Lifebuoy Rings Market – Introduction
Lifebuoy rings are throwable devices designed to be thrown to a person in the water, to prevent drowning. Lifebuoy rings are also termed ‘perry buoy’ or ‘kisby ring.’ Lifebuoy rings are not worn like a life jacket. These rings have a connecting line which allows the rescue team to pull out the person in a ship or boat. The ring or horseshoe shaped life-saving buoys are compulsorily stored in cruise ships, boats, yachts etc. Lifebuoy rings are most commonly used in emergency situations and must be readily available for use.
Global Lifebuoy Rings Market – Competition Landscape
Industrial Safety Products
Founded in 1998, Industrial Safety Products is headquartered in Mumbai, India. The company manufactures and distributes a wide range of personal protective clothing and supplies such as industrial workwear, industrial leather gloves, leather safety workwears, uniforms, and industrial garments. The company is the leading distributor and service provider for fire, safety & traffic equipment etc.
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LALIZAS was incorporated in 1982 and is headquartered in Piraeus, Greece. The company produces quality products such as life jackets, lifebuoys, immersion suits, and chemical and protection equipment and distributes them in international markets through its well?established distribution network. LALIZAS offers its products and services in more than 127 countries. It has 8 branches, 7 logistics centers, and 8 franchises across the globe.
Survitec Group Limited
Survitec Group Limited was incorporated in 1920 and is headquartered in London, U.K. Survitec Group was formerly known as the Inflatable Systems Division of Wardle Storeys Ltd. In recent years, the company has continued to expand and evolve, both through the growth of market share, and through the acquisition of other leading manufacturers and brands. The company offers liferafts, marine evacuation systems, and boats for marine, aerospace, and logistics industries.
Other key players operating in the global lifebuoy rings market are Mayur Industrial Corporation, Galvanisers India, FIRETEX PROTECTIVE TECHNOLOGIES, and SHM Shipcare.
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Global Lifebuoy Rings Market – Dynamics
Rise in number of people participating in adventure water sports
Rapid increase in participation of individuals in adventure water sports and other recreational activities is anticipated to offer sustainable opportunities to manufacturers and distributors of lifebuoy rings in the forecasted timeline. Professional sailors involved in offshore sailing etc. always keep lifebuoy rings for safety purposes in their boats and yachts. Rise in number of drowning incidences while performing recreational activities in water bodies are likely to drive the global lifebuoy rings market in the near future.
Strict regulations and policies regarding usage of personal floatation devices
Implementation of strict rules and regulations imposed on compulsory usage of personal floating devices in cruise ships, small boats, and yachts, and during recreational activities is projected to be a driving factor for the growth of the lifebuoy rings market during the forecast period. The U.S., Canada, U.K., and Australia are strictly implemented regulations on usage of personal floating devices which include lifebuoy rings, horseshoe buoys, and cushions. Increase in awareness about safety and rise in number of sailing championships in emerging economies is expected to expand the lifebuoy rings market at a significant growth rate.
Global Lifebuoy Rings Market – Segmentation
The global lifebuoy rings market can be segmented on the basis of:
- Product Type
- Raw Material
- Distribution Channel
Global Lifebuoy Rings Market, by Product Type
Based on product type, the global lifebuoy rings market can be divided into:
- Inherently Buoyant
Global Lifebuoy Rings Market, by Raw Material
In terms of raw material, the global lifebuoy rings market can be segregated into:
Global Lifebuoy Rings Market, by Distribution Channel
On the basis of distribution channel, the global lifebuoy rings market can be bifurcated into:
- Speciality Stores
- Company-owned websites
- E-commerce portals
Global Lifebuoy Rings Market, by End-use
In terms of end-use, the global lifebuoy rings market can be classified into:
- Maritime Rescue
The report on the global lifebuoy rings market is a compilation of first-hand information, qualitative and quantitative assessment by market analysts, and inputs from market experts and market participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness of each segment. The report also maps the qualitative impact of various factors on segments of the market across regions.
Regional analysis of the global lifebuoy rings market includes:
- North America
- South America
- Asia Pacific
- Middle East & Africa (MEA)
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