The Global Life Jacket Market is projected to attain a CAGR of 7.1 % during the forecast period from 2021- 2030.
Personal flotation devices commonly known as life jackets are life-saving devices that are used for adventure and work purposes such as in water sports and boating activities. It also helps to protect the workers or individuals involved in lifeguarding & entertainment, water sampling, shipbuilding & repair, rescue operations/ rescue operations, and construction work on decks, piers, docks, and bridges among others.
The global life jacket market growth is attributed to the rise in recreational & adventure boating activities such as rafting or kayaking, and fatal deaths occurring from drowning in water during swimming or sports activities. In addition, rise in water activities such as yacht cruising, motor boating, sailboat racing, and canoeing are also gaining momentum, and its commercialization has created the demand for life jackets across the globe. Life jacket works on the principle of buoyancy and is constructed of lightweight material which weighs less than human weight density. Life jackets are available in different types such as type I, II, III, IV, and V. It is worn over the body and help to hold the torso of the person afloat in water by eliminating the risk of drowning.
The increasing demand for life jackets is anticipated to grow at a promising rate owing to an increase in nautical tourism. Moreover, the rise in travel & tourism, commercialization of sports activities, and craze for adventure sports activities have increased the need for life jackets in the upcoming years. Life jackets also prevent the individual involved in construction activities of ships, boats, dams, or protecting people during natural calamities such as floods, tsunamis for rescuing.
The Global Life Jacket Market is segmented by type, product, end-user, distribution channel, and region. Based on type, it is categorized into 7 lbs Inherent Life Jackets, (7 lbs-15.5 lbs) Inherent Life Jackets, (15.5 lbs-22 lbs) Inherent Life Jackets, 22 lbs Inherent Life Jackets, (22.5 lbs-34 lbs) Inflatable Life Jackets, and 34 lbs Inflatable Life Jackets. By product, it bifurcates into the inflatable, and inherent. End-users of the global life jacket market are bifurcated into day sailing, offshore sail, paddle sports, commercial vessels, watersports, fishing, and offshore power. By distribution channel, it is segmented into departmental stores, sports stores, hypermarket/supermarket, online retail, and others. Based on regional insights, the global life jacket market is categorized into North America (US, Canada, Mexico, Rest of America), Asia Pacific (India, China, Rest of Asia Pacific), Europe (UK, Germany, Russia, Rest of Europe) and Rest of the world (Latin America and Middle East & Africa).
The increase in consumption of life jackets in America and the European region has created huge opportunities for the market growth owing to water adventure activities & sports, new product launches, and safety regulations by the government for people while sports adventure.
Prominent players inducing the Global HVDC Cables Market are The Coleman Company, Johnson Outdoors, Safety and Survival Systems International Ltd., Stormy Lifejackets Pty Ltd., Mustang Survival Corp., Hansen Protection AS, International Safety Products, VIKING Life-Saving Equipment, Survitec Group, Jarden Corp., and Kent Sporting Goods Company Inc. among others.
Segmentation and Scope of the Global Life Jacket Market
Global Life Jacket Market is segmented by type, product, end-user, distribution channel, and region.
By Distribution Channel
Rest of World
Middle East & Africa
Prominent players in the Global Life Jacket Market among other includes