Global Watersports Impact Vests Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Watersports Impact Vests Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Impact vests can be used for many water sports, such as water skiing, water skiing, kite and PWC riding. They give user that extra protection against the water and help with buoyancy. The water ski life jacket is different from the bulletproof vest. There is usually a front zipper for easy entry. The impact-absorbing pads on the front panel, rear panel and side panels provide impact, tensile and compressive forces for comfort.

Market Overview:

The latest research study on the global Watersports Impact Vests market finds that the global Watersports Impact Vests market reached a value of USD 88.91 million in 2022. It’s expected that the market will achieve USD 146.87 million by 2028, exhibiting a CAGR of 8.73% during the forecast period.

The COVID-19 outbreak has disrupted business and economic activities globally. It is expected to have a short-term impact on the Watersports Impact Vests market to a certain extent. With several countries across the globe announcing nationwide lockdowns and temporary closures of various industries, production and manufacturing have been severely affected. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of small and medium-sized enterprises is imperfect and fragile. Trade barriers have further impacted the demand-supply gap. Companies operating in the Watersports Impact Vests market have suspended non-essential visits/activities until the COVID-19 outbreak is resolved.

Downstream Consumer Groups Are Expanding

Factors such as the increase in the number of water sports enthusiasts in North America and Europe and the increased awareness of healthy lifestyles are the main factors driving the global Watersports Impact Vests market.

The advantage of Watersports Impact Vests is that they are much smaller than life jackets, so that they will not hinder the user's performance on the water.

Upstream Supply

Raw material supply Watersports Impact Vests covers a wide range of categories. With the development of the Internet, the prices of raw materials on the market have become more open and transparent, effectively solving the problem of rising raw material prices caused by information asymmetry. The market is moving in the direction of supply chain integration, which can effectively save the cost of upstream raw materials.

Challenges

The penetration rate of this equipment in developing countries is low. For the Middle East and Africa region, due to the backward economy in the region, people have fewer entertainment activities than in developed regions and participate in water sports less frequently.
Moreover, the acceptance of water sports varies greatly among people in different regions. The development of water sports in Europe and the United States is relatively early, so the popularity is relatively high. In Asia, this sport is not a mainstream sport, and not many people participate.

Region Overview:

North America dominated the Watersports Impact Vests market in 2021, with a market share of 44.31%.

Company Overview:

Billabong Wetsuits is one of the major players operating in the Watersports Impact Vests market, holding a share of 17.3% in 2021.

Billabong Wetsuits

Billabong International Limited manufactures and distributes surfwear and extreme sports apparel throughout the world. Billabong designs board shirts, swimwear, T-shirts, fleece tops, jumpers, shirts, walk shorts, trousers, jeans, back packs and accessories under its brand name. The Company also sponsors professional surfing, skateboarding and snowboarding events.

Body Glove

Body Glove International LLC manufactures and sells water sports apparel and accessories. The Company offers wetsuits, rashguards, bikinis, body boards, wakeboards, mobile accessories, watches, footwear, safety and sports gear, water filters, women's swimwear, men's board shorts, women's cover-ups and apparel, life jackets, sunglasses, and hats.

Segmentation Overview:

Among different product types, Neoprene segment is anticipated to contribute the largest market share in 2027.

Nylon

Polyester fiber coverage is generally better than nylon in direct sunlight. If customers want to use inkjet or sublimation printing process to jet ink onto the fabric, they can print on polyester fiber. Polyester fiber surface can better maintain the image than nylon.

Fiber

Polyester covering is generally better than nylon under direct sunlight. If customers want to use inkjet or sublimation printing process to jet ink onto the fabric, they can print on polyester. Polyester fiber surface can better maintain the image than nylon. olyester covering is generally better than nylon under direct sunlight. Polyester fiber surface can better maintain the image than nylon.

Plastic

Plastics are a wide range of synthetic or semi-synthetic materials that use polymers as a main ingredient.

Neoprene

Neoprene is a type of synthetic rubber produced by the polymerization of chloroprene. Neoprene rubber has good chemical stability and maintains flexibility in a wide temperature range. Usually combined with the above three fabrics constitute the raw material for watersports impact vests.

Application Overview:

By application, the Adults segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Watersports Impact Vests market covered in Chapter 3:

Ion Essential
Manera
O’Neill
Naish Kiteboarding
Billabong Wetsuits
CAMARO
NEILPRYDE
Airush
Gul
Body Glove
Mystic
Radar Skis
DAKINE
Brunotti
Gun Sails
Hyperlite Wake MFG

In Chapter 4 and Chapter 14.2, on the basis of types, the Watersports Impact Vests market from 2018 to 2029 is primarily split into:

Nylon
Fiber
Plastic
Neoprene

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Watersports Impact Vests market from 2018 to 2029 covers:

Adults
Kids

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)