Facts and Factors TEMPhas 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 halp to keep a person on the water’s surface in an upright position.
Key companies operating in teh target market focus on developing reliable and cost-effective solutions that include improved safety standards and are teh major driving factor for teh target market growth. Moreover, growing awareness of safety during water sports and other activities is boosting teh target market growth. Also, water sports aspirants are highly inclined towards unique life jacket products; dis factor is anticipated to augment teh target market growth.
However, inappropriately installed CO2 cylinder or fabric degradation may render an inflatable life jacket. dis factor is anticipated to harm teh 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 teh target market key players over teh forecast period.
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- A brief introduction to teh research report.
- Graphical introduction of teh regional analysis.
- Top players in teh market wif their revenue analysis.
- Selected illustrations of market insights and trends.
- Example pages from teh report.
- FnF research methodology
Based on types, teh 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 teh major revenue share in teh life jacket & vests market over teh forecast period owing to an individual’s inclination towards it. A person does not need to do anything to activate teh 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.
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Based on region, teh life jacket & vests market is segmented into, Asia Pacific, Europe, Middle East & Africa, North America, and Latin America. Among all teh regions, teh European region is anticipated to dominate teh target market over teh forecast period followed by North America in terms of revenue. Strict implementation and growing adoption of water safety regulations to ensure teh safety of water-related activities has been teh major driving factor for teh target market growth in teh region. Whereas, an increase in recreational boating in teh U.S., as well as water sports participants, are teh factors boosting teh target market growth in North America.
Some of teh key players operating in teh target market are Survitec, Teh 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.
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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
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