Global Survival Suits Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2018–2027
“Global Survival Suits Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global survival suits market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. Global survival suits market report has been segmented on the basis of suit type, material type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our researchers have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Survival suits are also known as immersion suits, are used for personal protection from sinking, hypothermia, and cold shocks. These suits are often used in industrial application such as oil rigs and in rescue operations such as professional water rescue.
Global survival suits market is estimated to witness substantial growth, owing to increasing demand from various commercial industries. In addition, increasing safety concerns regarding personal protection in oil rigs is another factor expected to drive growth of the target market. Increasing oil exploration activities in various developing and developed regions is another key factor expected to drive growth of the global survival suits market. Increasing rate of natural calamities such as floods, hurricanes, and fire accidents are key factors expected to create huge demand for survival suits, which in turn expected to propel growth of the target market.
Increasing ongoing R&D activities for advancement in these suits is another factor expected to augment growth of the global survival suits market. In addition, technological advancements in survival suits is another key factor expected to propel growth of the target market. For instance, enhancement of outlast technology by Survival-One Limited, has propelled demand for the immersion suits in the global survival suits market. Increasing demand for professional water rescue operations and for fishing activities are other factors expected to drive growth of the global survival suits market over the forecast period.
However, lack of proper sizing of suites is a key factor expected to hamper growth of the target market, as manufacturers uses universal size options by using the anthropometric data from the population sample, but the method is unsuccessful owing to diversity of body. In addition, the process of testing survival suits in real-time situations can be expensive and challenging which is another factor expected to hinder growth of the global survival suits market.
North America market is projected to dominate global market, owing to increasing oil exploration activities in countries in this region. In addition, increasing oil extraction activities is expected to generate demand for survival suit for personal protection, which in turn anticipated to drive growth of the target market in the region.
Market in Europe is expected to register significant growth, owing to stringent government rules for protection of worker in oil refineries by European Union in the oil & gas offshore activities. In addition, increasing injuries and accident rate in oil & gas drilling sector, has led to set strict rules regarding personal protection, which is another major factor expected to generate demand for survival suits, which in turn expected to drive growth of the target market in the region. Markets in Asia Pacific, Latin America, and Middle East and Africa are expected to witness considerable growth over the forecast period.
Segmentation and Key Players Operating in Global Survival Suits Market:
Segmentation by suit type:
- Dry Suit
- Wet Suit
- Flotation Suit
- Inflatable Suit
Segmentation by material type:
Segmentation by application:
- Oil Rigs
- Professional Water Rescue
- Paddle Sports
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Hansen Protection AS
- Aquata Immersion Suits
- Sioen Industries NV
- Mustang Survival ULC
- Chongqing Gathering Marine Equipment Co., Ltd.
- Survitec Group Limited
- West Marine
- Marine Safety Supplies Limited
- International Safety Products
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