Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Marine Life Raft Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Marine Life Raft Market Growth?
The Marine Life Raft Global Market Report 2025 market saw a steady increase in size in the past years. The market size is expected to rise from $1.05 billion in 2024 to $1.1 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.0%.
What Is the Predicted Industry Size and CAGR of the Marine Life Raft Market in 2029?
The marine life raft market is projected to reach $1.34 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.1%.
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Which Factors Are Driving Growth in the Marine Life Raft Market?
The key drivers in the marine life raft market are:
• Expansion of the global leisure boating industry
• Integration of advanced rescue and communication technologies
• Adoption of eco-friendly and sustainable life raft materials
• Rising demand for lightweight and compact life raft solutions
Which Segment Trends Are Covered in the Marine Life Raft Market Forecast?
The marine life raft market covered in this report is segmented –
1) By Product Type: Rigid, Inflatable
2) By Capacity: Less Than 5 people, 5 to 10 People, 10-18 People, More Than 18 People
3) By Application: Fishing Boats, Cruise Ship, Other Applications
4) By End User: Leisure, Commercial
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What Are the Current Market Trends in the Marine Life Raft Industry?
The key trends in the marine life raft market are:
• The global leisure boating sector's expansion is influencing the marine life raft market.
• Advanced rescue and communication technologies are being integrated into marine life rafts.
• A trend towards eco-friendly and sustainable life raft materials is emerging.
• Lightweight and compact life raft solutions are in increasing demand.
Who are the Key Companies in the Marine Life Raft Market?
Major players in the marine life raft market are:
• Viking Life-Saving Equipment A/S
• Survitec Group Limited
• Fujikura Composites Inc.
• Brastech Inc.
• Solas Marine Services Pvt Ltd
• LALIZAS HELLAS SA
• SHM Shipcare
• Crewsaver
• Arimar S.p.A.
• Datrex Inc.
• ShipServ Ltd
• Switlik Survival Products LLC
• Ocean Safety Ltd
• Wing Inflatables Inc.
• Plastimo SAS
• MIZUNO MARINE Co. Ltd.
• Vanguarde Ltd.
• Liferaft Systems Australia
• Ovatek Inc.
• Life Raft and Survival Equipment Inc.
• Hellas Marine Services S.A.
• Safety Marine Australia Pty Ltd
• Sea Safe Systems Pty Ltd
• Inflatables International Inc.
• Jiangsu Huayan
What are the Regional Trends Across the Marine Life Raft Market?
Asia-Pacific was the largest region in the marine life raft market in 2024
