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
Product
Analysis: Preview On the basis of Product,
the market is segmented into Offshore Life Jacket,Near-shore Buoyant Vest, Flotation Aid, Throwable Devices, Special-use Devices. Offshore Life Jacket held the highest
share in the global Personal Flotation Devices
market and is projected to witness the same trend during the forecast
period. Companies in this
sector are opting to advanced technologies in their supply chain to cater the
end user requirements effectively. End use verticals
Analysis: Preview
Based on End use verticals,
the market is segmented into Aquaculture Industry, Oil & Gas Industry, Naval Industry, Others. accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Personal Flotation Devices Market: Product Segment Analysis
-
- Offshore Life Jacket
- Near-shore Buoyant Vest
- Flotation Aid
- Throwable Devices
- Special-use Devices
Global Personal Flotation Devices Market: End use verticals Segment Analysis
-
- Aquaculture Industry
- Oil & Gas Industry
- Naval Industry
- Others
Global Personal Flotation Devices Market: Application Segment Analysis
-
- Passenger and Aircraft Crew
- Commercial Vessels
- Government & Military
- Water Sports
Global Personal Flotation Devices Market: Segment Analysis
-
- Online
- Offline
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.
