Global Personal Flotation Devices Market Growth 2023-2029

Global Personal Flotation Devices Market Growth 2023-2029

Personal flotation device (abbreviated as PFD; also referred to as a life jacket, life preserver, life belt, Mae West, life vest, life saver, cork jacket, buoyancy aid or flotation suit) is a piece of equipment designed to assist a wearer to keep afloat in water. The wearer may be either conscious or unconscious.

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

This Insight Report provides a comprehensive analysis of the global Personal Flotation Devices 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 Personal Flotation Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Personal Flotation Devices market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Personal Flotation Devices 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 Personal Flotation Devices.

The global Personal Flotation Devices market size is projected to grow from US$ 2138.4 million in 2022 to US$ 2862.2 million in 2029; it is expected to grow at a CAGR of 2862.2 from 2023 to 2029.

The classification of Personal Flotation Devices includes Buoyancy Aid (Foam Core), Life Jacket, Survival Suit, Buoyancy Compensator and Others.

The sales proportion of Life Jacket in 2019 is about 54%.

Personal Flotation Devices is widely used in Water Entertainment and Sporting, Government & Military and others. The most proportion of Personal Flotation Devices is Water Entertainment and Sporting and in 2019 with nearly 52% market share.

Asia-Pacific is the largest consumption region, with a consumption market share of nearly 30% in 2019. Following Asia-Pacific, Europe is the second-largest consumption region with a consumption volume market share of around 28% in 2019.

Market competition is very intense. Survitec Group Limited, VIKING Life-Saving Equipment, The Coleman Company, Kent Sporting Goods, Mustang Survival, Hansen Protection, Drarger, Johnson Outdoors are the leaders of the industry.

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

Market Segmentation:

Segmentation by type

Buoyancy Aid (Foam Core)

Life Jacket

Survival Suit

Buoyancy Compensator

Others

Segmentation by application

Water Entertainment and Sporting

Government & Military

Others

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 Group Limited

VIKING Life-Saving Equipment

The Coleman Company

Kent Sporting Goods

Mustang Survival

Hansen Protection

Drarger

Johnson Outdoors

LALIZAS

Secumar

International Safety Products

NRS (Northwest River Supplies)

Dongtai Jianghai

Wuxi Xingtai Shipping Equipment

SALUS MARINE WEAR INC.

Aqua Lung International

O’Neill

Astral

Stormy Lifejackets

Kokatat

Harmony Gear

JimBuoy

SeaSafe Systems

Spinlock

Key Questions Addressed in this Report

What is the 10-year outlook for the global Personal Flotation Devices market?

What factors are driving Personal Flotation Devices market growth, globally and by region?

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

How do Personal Flotation Devices market opportunities vary by end market size?

How does Personal Flotation Devices 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.