Life Jacket Market research report is provided on market Customer Landscape, Market Size, Vendor Landscape and Analysis, Key Leading Countries, Market Opportunity, Drivers, Challenges, and Trends in Miscellaneous sector. An absolute analysis of Life Jacket Market delivers actionable intelligence on various dynamics of the market that can be used by every established or new player, forecasters, industry executives & consultants, Strategy Advisor, manufactures, potential investors in Life Jacket industry regardless of the size of business.
About this market
Increased emphasis on streamlined and lightweight life jackets to gain traction in the market. Most life jackets are uncomfortable to the users because of their design and bulkiness. These products offer different ranges of buoyancy such as 50 N, 275 N, and 100 N. These are the floatation capacities expressed in Newtons, and with respect to life jackets, it is the buoyant force that a jacket produces. Our Research analysts have predicted that the life jacket market will register a CAGR of close to 6% by 2023.
Life Jacket Market report will help the companies to gain knowledge about the target population globally, and at a regional level. Market share and growth rate in the Americas, Asia-Pacific, Europe, the Middle East, and Africa Regions are also analyzed.
- Growing popularity of water sports tourism
- With the growing water sports tourism industry, the demand for required equipment, such as life jackets, has increased significantly
- The participation in sports such as water polo, surfing, wakeboarding, jet skiing, kayaking, boating, river rafting and river boarding has increased globally
- Frequent need for maintenance of life jackets
- Inspection of life jackets on regular intervals is necessary to avoid last minute hassles or fatal accidents, which occur owing to leaks, fabric degradation, or inadequately installed CO2 cylinders
- One of the most common reasons for poor failure of life jackets is the use of expired inflation canisters
- For the detailed list of factors that will drive and challenge the growth of the life jacket market during the 2019-2023, view our report
- The market appears to be fragmented and with the presence of several companies including International Safety Products and Johnson Outdoors, the competitive environment is quite intense
- Factors such as the increased emphasis on streamlined and lightweight life jackets and advent of shirt-based life jackets, will provide considerable growth opportunities to life jacket manufactures
- International Safety Products, The Coleman Company, VIKING Life-Saving Equipment, Johnson Outdoors, and Survitec Group are some of the major companies covered in this report
- The market competitors are focusing on better designs in terms of extra-large armholes, well-fitted products, and added pockets
- Many international and regional life jacket manufacturers are vying for their share of the market, and players must differentiate themselves to gain vital traction over their peers’
‘With the presence of a considerable number of companies, this market appears to be fragmented
Life Jacket Market top manufacturers namely International Safety Products, Johnson Outdoors, Survitec Group, The Coleman Company, VIKING Life-Saving Equipment are analyzed for the Product portfolio, Segment focus, Geographic focus, Business segments Organizational developments, and Strength-weakness analysis.
Life Jacket Market report considers main product types and market is analyzed for the Market size, Market opportunity for these types. Also, past, current and anticipated market situations and growth rate are provided.
The CAGR of each segment in the Life Jacket market along with global market (as a whole) is explained with great ease. Also, global and regional Life Jacket market supply chain analysis provides vital info about producers, distributors and key end-users in the market. It also explains import-export situations, affecting factors etc. to fully and deeply reveal market situations.
The Key Objectives of the Report Are as Follows:
- Define, Analyse and Forecast Life Jacket Market by Product Applications, Key Players and Region. Forecast The Market Size with Varied Segments Concerning Main Regions
- Give Elaborated Data Regarding the Foremost Factors (Opportunities, Drivers, Restraints, And Industry-Specific Challenges) Influencing The Expansion of Life Jacket Market.
- Analyze The Industry with Relation to Individual Growth Trends, Prospects and Contributions to The Whole Life Jacket Market.
- Analyze Opportunities Within the Marketplace for Varied Stakeholders by Distinguishing the High-Growth segments of Life Jacket Market.
- Profile The Key Players and Comprehensively Analyses Their Market Position in Terms of Ranking and Core Competencies Together with The Competitive Landscape.
- Analyze Competitive Developments, Like Partnerships and Joint Ventures, New Product Developments, Expansions, And Development in Life Jacket Market.