Global Life Vests Market Growth 2023-2029

Global Life Vests Market Growth 2023-2029

Life Vests are jackets of buoyant or inflatable construction, for supporting the wearer in deep water and preventing drowning. Life Vests are essential piece of gear for boating, fishing, and various water sports. It’s designed to keep the wearer’s head above the water, either in a vertical of face-up position depending on the type.

LPI (LP Information)' newest research report, the “Life Vests Industry Forecast” looks at past sales and reviews total world Life Vests sales in 2022, providing a comprehensive analysis by region and market sector of projected Life Vests sales for 2023 through 2029. With Life Vests sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Life Vests industry.

This Insight Report provides a comprehensive analysis of the global Life Vests landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Life Vests portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Life Vests market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Life Vests and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Life Vests.

The global Life Vests market size is projected to grow from US$ 2301.7 million in 2022 to US$ 3256.7 million in 2029; it is expected to grow at a CAGR of 3256.7 from 2023 to 2029.

Currently, there are many producing companies in the world Life Vests industry, especially in Europe, North America and China. The main market players are Survitec, VIKING Life-Saving Equipment, The Coleman Company, Hansen Protection, Dräger, Johnson Outdoors, Kent Sporting Goods, LALIZAS, Mustang Survival, O’Neill, International Safety Products, SECUMAR, SALUS MARINE WEAR INC., Dongtai Jianghai, Stormy Lifejackets, Wuxi Xingtai Shipping Equipment, MW Watersports, SeaSafe Systems, Ningbo Zhenhua Electrical Equipment, Aqua Life, Eyson and Xiamen Shenshou Science and Technology, etc, with about 29% market shares.

Europe is the largest consumption of Life Vests, with a sales revenue market share nearly 27%. The second place is USA, following Europe with the sales revenue market share over 19%. China is another important consumption market of Life Vests.

This report presents a comprehensive overview, market shares, and growth opportunities of Life Vests market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Foam Vests

Inflatable Vests

Hybrid Vests

Segmentation by application

Adults

Kids

Animals

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Survitec

VIKING Life-Saving Equipment

The Coleman Company

Hansen Protection

Dräger

Johnson Outdoors

Kent Sporting Goods

LALIZAS

Mustang Survival

O’Neill

International Safety Products

SECUMAR

SALUS MARINE WEAR INC.

Dongtai Jianghai

Stormy Lifejackets

Wuxi Xingtai Shipping Equipment

MW Watersports

SeaSafe Systems

Ningbo Zhenhua Electrical Equipment

Aqua Life

Eyson

Xiamen Shenshou Science and Technology

Key Questions Addressed in this Report

What is the 10-year outlook for the global Life Vests market?

What factors are driving Life Vests market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Life Vests market opportunities vary by end market size?

How does Life Vests break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.