06-Feb-2020 | Facts and Factors
Facts and Factors has authored “Life Jacket & Vests Market By Type (Inflatable Jackets & Vests, Foam Jackets & Vests, and Hybrid Jackets & Vests) and By End-use (Adult, Children, and Animal): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016–2026”. Based on our analysis, the global Life Jacket & Vests market in 2019 is approximately USD 3 Million and is anticipated to reach around USD 5 Million by 2026. The anticipated CAGR for the Life Jacket & Vests Market is around 5% from 2020 to 2026.
The other name for Life vests and life jackets is personal flotation devices (PFD). These are designed to keep an individual afloat in the water during an emergency. These are considered as life-saving equipment. These jackets help to keep a person on the water's surface in an upright position.
Browse the full “Life Jacket & Vests Market By Type (Inflatable Jackets & Vests, Foam Jackets & Vests, and Hybrid Jackets & Vests) and By End-use (Adult, Children, and Animal): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016–2026” report at https://www.fnfresearch.com/life-jacket-vests-market-by-type-inflatable-jackets
Key companies operating in the target market focus on developing reliable and cost-effective solutions that include improved safety standards and are the major driving factor for the target market growth. Moreover, growing awareness of safety during water sports and other activities is boosting the target market growth. Also, water sports aspirants are highly inclined towards unique life jacket products; this factor is anticipated to augment the target market growth. However, inappropriately installed CO2 cylinder or fabric degradation may render an inflatable life jacket. This factor is anticipated to harm the target market growth. Nevertheless, niche tourism and sports such as national park tourism, sports tourism, recreational tourism, marine tourism, adventure tourism, etc. are expected to provide lucrative growth opportunities to the target market key players over the forecast period.
Based on types, the life jacket & vests market is segmented as foam jackets & vests, inflatable jackets & vests, and hybrid jackets & vests. Among which, foam jackets & vests segment is expected to account for the major revenue share in the life jacket & vests market over the forecast period owing to an individual’s inclination towards it. A person does not need to do anything to activate the flotation, hence these jackets are classified as inherently buoyant.
Based on end-use, the life jacket & vests market is segmented as adult, children, and animal. Among which, the adult segment is expected to account for the major revenue share in the life jacket & vests market over the forecast period as the number of adults preferring such jackets is more.
Based on region, the life jacket & vests market is segmented into, Asia Pacific, Europe, Middle East & Africa, North America, and Latin America. Among all the regions, the European region is anticipated to dominate the target market over the forecast period followed by North America in terms of revenue. Strict implementation and growing adoption of water safety regulations to ensure the safety of water-related activities has been the major driving factor for the target market growth in the region. Whereas, an increase in recreational boating in the U.S., as well as water sports participants, are the factors boosting the target market growth in North America.
Some of the key players operating in the target market are Survitec, The Coleman Company, Kent Sporting Goods, VIKING Life-Saving Equipment, Hansen Protection, Johnson Outdoors, International Safety Products, LALIZAS, Mustang Survival, Aqua Life, SALUS MARINE WEAR INC., Ningbo Zhenhua Electrical Equipment, Dongtai Jianghai, SeaSafe Systems, O’Neill, and Others.
This report segments the Life Jacket & Vests market as follows:
Global Life Jacket & Vests Market: By Type Segment Analysis
- Inflatable Jackets & Vests
- Foam Jackets & Vests
- Hybrid Jackets & Vests
Global Life Jacket & Vests Market: By End-use Segment Analysis
Global Life Jacket & Vests Market: Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Facts & Factors
Level 8, International Finance Center, Tower 2,
8 Century Avenue, Shanghai,
Postal - 200120, China
Tel: +86 21 80360450