Personal Flotation Devices Market

Personal Flotation Devices Market 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 Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • 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.

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