Personal Flotation Devices Market
Personal Flotation Devices Market Global Industry Assessment & Forecast
#
Pages:
170
2021
Nov - 2021
VMR-2021-0543
Segments Covered
By
Product Offshore Life Jacket, Near-shore Buoyant Vest, Flotation Aid, Throwable Devices, Special-use Devices
-
By
End use verticals Aquaculture Industry, Oil & Gas Industry, Naval Industry, Others
-
By
Application Passenger and Aircraft Crew, Commercial Vessels, Government & Military, Water Sports
-
By
Online, Offline
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
5.9 Billion |
 Revenue 2028:
|
7.53 Billion |
 Revenue CAGR
(2021 - 2028): |
3.10% |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
| Sr. No. | Offering | Report Coverage |
| 1. | Market Size | In terms of Revenue (USD Million) |
| 2. | Historic Data | 2015 to 2019 |
| 3. | Forecast Data | 2021 to 2028 |
| 4. | Market Drivers, Restraints, Opportunities, & Regional Market Trends | Yes |
| 5. | Market Attractiveness Analysis | Yes |
| 6. | Segment Analysis | Maximum Segments |
| 7. | Regional Coverage | 5 Regions |
| 8. | Country Coverage | Top 22 Countries |
| 9. | Competitive Landscape and Company Market Share Analysis | Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles. |
| 10. | Porter’s Five Forces Analysis | Yes. |
| 11. | Value Chain Analysis | Yes |
| 12. | PEST Analysis | Yes |
| 13. | Regulatory Landscape | Yes |
| 14. | Technology Landscape | Yes |
| 15. | COVID-19 Impact Analysis | Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics. |
| 16. | Top startups to watch out for | Yes |
| 17. | Top 3 Trends to Watch | Yes |
| 18. | Top 3 Strategies Followed by Major Players | Yes |
| 19. | Top 3 Predictions by Vantage Market Research | Yes |
| 20. | Discussion Guide | Yes |
| 21. | Key Primary Respondents - VERBATIM | Yes |
| 22. | Transcripts from the Primary Respondents | Additional Cost USD 1,000 |
| 23. | Others/Miscellaneous | |
FAQ
Frequently Asked Question
What is the global demand for Personal Flotation Devices in terms of revenue?
-
The global Personal Flotation Devices valued at 5.9 Billion in 2020 and is expected to reach 7.53 Billion in 2028 growing at a CAGR of 3.10%%.
Which are the prominent players in the market?
-
The prominent players in the market are LALIZAS, Kokatat, International Safety Product Ltd., Erez Europe, GALVANISERS INDIA, United Moulders Limited, Survitec Group Limited, Marine Rescue Technologies Ltd., Hutchwilco Ltd., ABSOLUTE OUTDOOR INC., Astral, NRS (Northwest River Supplies), Hydrodynamic Industrial Co. Ltd, Mustang Survival..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 3.10%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Personal Flotation Devices include
- The implementation of stringent laws and regulations by the government is anticipated to augment the growth of the personal flotation devices market over the forecast period. This is due to the work safety concerns in the coastal regions while using boats. For example, a recreational boat must have approved life vests for each individual aboard according to U.S. Coast Guard and federal law.
- The increasing consumer inclination for recreational boating and water sports is expected to propel the growth of the personal flotation devices market in the upcoming years. This is attributable to the growing numerous boating events and shows that are hosted in various parts of the world. The rising demand for recreational boating in countries such as Japan, China, and Australia, is further supporting the growth of the personal flotation devices market.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Personal Flotation Devices in 2020.
