A life jacket is a personal floatation device often made from polyester stuffed with foam cubes. To spot an individual easily from a distance, it has colored fluorescent colors such as orange, yellow, or green. This is manufactured to keep alive or afloat an individual on a surface of water or in the sky. For the plastic foam in life jackets, polyvinylchloride and polyethylene are considered effective materials for good performance.
MARKET DYNAMICS
The life jacket market is growing on a large scale as water sports are emerging and liked by tourists. The sports such as river rafting, kayaking has been gaining popularity, and it tends to opt for protective gear such as life jackets and other accessories. To avoid accidents and falling overboard, demand for life jackets and surges the growth in the life jacket market across the world. As water sports have been demanded seasonally, the seasonality could hamper the life jackets market in the globe. Moreover, the activities such as sail boating, yacht cruising, canoeing, and motor boating have been shifting towards commercialization by the private owners. The movement of possessions from personal to commercial has determined the steady growth of water sports and developing the global life jacket market.
MARKET SCOPE
The "Global Life Jackets Market Analysis to 2028" is a specialized and in-depth study of consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the life jackets market with detailed market segmentation by type, end user, and distribution channel. The global life jackets market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading life jackets market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global life jackets market is segmented into type, end user, and distribution channel. Based on type, the global life jackets market is segmented into the inflatable, inherently buoyant, hybrid. By end user, the global life jackets market is classified into kids and adults. By distribution channel, the global life jackets market is classified into supermarkets and hypermarkets, specialty stores, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the life jackets industry, including both qualitative and quantitative information. It provides an overview and forecast of the global life jackets market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The life jackets market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the life jackets market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the life jackets market in these regions.
MARKET PLAYERS
The report covers vital developments in the life jackets market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the life jackets market are anticipated to witness lucrative growth opportunities in the future with the rising demand for life jackets in the global market. Below mentioned is the list of few companies engaged in the life jackets market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the life jackets market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Bernhardt Apparatebau GmbH u. Co., Holm
- H3O Sports
- Hansen Protection AS
- Johnson Outdoors, Inc.
- Kent Water Sports, LLC.
- Marine Safety Supplies Limited
- The Coleman Company, Inc.
- Newell Brands
- Seasafe Systems Ltd.
- Survitec Group Limited