Lifebuoy Rings Market Share, Size, Growth, Opportunity and Forecast 2027

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.

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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.

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