Global Free Fall Lifeboats Market to Showcase Vigorous Demand during the Period until 2028
The global free fall lifeboats market is expected to grow at a high CAGR over the forecast period.
[UKPRwire, Thu Nov 01 2018] Free fall lifeboats are gradually becoming one of the common life-saving appliances on marine vessels and offshore facilities. Due to safety improvement and potential advantages over conventional lifeboat systems, free fall lifeboats are gaining increasing popularity among marine fleet. Moreover, several maritime regulatory authorities have accepted and conducted certification processes for free fall lifeboats. Conventional lifeboat systems often lead to accidents while launching and lowering into high wind and rough seas, this has led to increase in the demand for free fall lifeboats. These boats fall freely into the sea, substantially reduce the risk associated with conventional variants, and move away from the damaged vessel during and after the entry of water.
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Hatecke, one of the top players of Free Fall Lifeboats Market, had launched these boats in 1991 and been successful in rescuing a crewman who had fallen from a ship and crew of overturned fishing vessels. In the recent years, free fall lifeboats are manufactured in various countries across the globe which is directly influencing growth of the free fall lifeboats market. Growing focus of manufacturers in the development of products with reserve strength beyond that required for expected loading is likely to create potential growth opportunities of free fall lifeboats market.
Free Fall Lifeboats Market – Introduction
A lifeboat is an important lifesaving equipment in a ship, used in the emergency situations. Free fall lifeboats are constructed in such a way that they can be launched from a particular height during emergency situations. The benefits of free fall lifeboats is that it has the permission of free fall form a certain launching lamp length and launching ramp angle. The most important benefits of free fall lifeboats are that it can be used immediately for rapid evacuation during emergencies. In the emergency situations, the free fall lifeboats slide out from a certain launching height from the ship and hit the water and move forward to save the passengers or crewmen. The free fall lifeboat is a small rigid vessel that takes minimum time to launch and it can be used for early escape from the ship in the extreme emergency situation. The free fall lifeboats’ concept was first invented by a Swedish designer A.E. Falk in the year 1897. In the free fall lifeboats, the passengers are safe and secure in the enclosed cabin or safely strapped to the anatomically shaped seats. The free fall lifeboats is prepared in such a system that it can withstand in the powerful waves, high winds and in the extreme weather conditions. Free fall lifeboats are never used for maritime evacuation. The free fall lifeboats are mainly used in two different maritime incidents. In first case, the free fall lifeboats are used for to rescue the crewmen who are fallen overboard and, in the other case, to rescue the crewmen from the fishing vessel. In both the incidents the free fall lifeboats are successfully used in the sea for rescue purpose.
Free Fall Lifeboats Market – Dynamics
The free fall lifeboats market is expected to grow due to the increasing in ship and other marine fleet such as cargo ships semi-submersible drilling platforms, passenger cruise ships, cargo ships, navy, fuel tankers with fixed production platforms which are prone to extreme emergency situation. The demand for free fall life lifeboats has increased in the global market and gained significant traction in global market. The growth of the market would be pegged back due to a certain extent owing to limited provision of requirement in existing fleet whose replacement rate and shelf life is on the higher side. The market is dominated by tier-1 and tier-2 type of manufacturers with manufacturing bases in U.S., Europe and China
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Free Fall Lifeboats Market – Segmentation
Based on the product type, the global free fall lifeboats market is segmented into:
- Totally enclosed Lifeboats
- Conventional Lifeboats
- Open Lifeboats
- Close Lifeboats
Based on the types, the global free fall lifeboats market is segmented into:
- Cargo Version
- Tank Version
Based on the Applications, the global free fall lifeboats market is segmented into:
- Cargo Ship
- Cruise Ship
- Semi-submersible drilling platforms
- Fixed production platforms
Free Fall Lifeboats Market – Key Participants
Examples of some of the key players in the free fall lifeboats markets are:
- Survival Systems
- DSB Engineering
- Jiangsu Jiaoyan
- Qingdao Beihai Shipbuilding
- Balden Marine
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