The latest report on Marine Airbags Market by Infinium Global Research gives complete coverage of the marine airbags market by type (ship launching airbag, marine salvage airbags, and heavy lifting airbags), applications (civil ship, and military ship in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of marine airbags such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Marine Airbag Saves Time, Lands, Investment and Needs Much Lower Maintenance
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.
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Growing Government Regulation Pertaining to Marine Safety Drives the Demand for Marine Airbags Industry
Additionally, marine airbags are environment protective, green technology, do no harm to the environment which in turn, aid the demand of the 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 the 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.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the marine airbags.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.