What is Global Personal Flotation Devices Market?
The Global Personal Flotation Devices Market is a comprehensive study of the various types of personal flotation devices available worldwide. These devices are essential safety equipment used in various water-related activities and operations. They are designed to provide buoyancy and prevent drowning, thus ensuring the safety of the wearer. The market encompasses a wide range of products, including buoyancy aids with foam cores, life jackets, survival suits, buoyancy compensators, and others. Each of these products serves a specific purpose and is designed to meet the needs of different users and situations. For instance, a buoyancy aid with a foam core is typically used for water sports and recreational activities, while a life jacket is a must-have for any water travel or operations. Survival suits, on the other hand, are designed for extreme conditions and are commonly used by military and rescue personnel. Buoyancy compensators are specialized devices used by scuba divers to control their buoyancy underwater. Other types of personal flotation devices include inflatable vests, belt packs, and throwable devices.
Buoyancy Aid (Foam Core), Life Jacket, Survival Suit, Buoyancy Compensator, Others in the Global Personal Flotation Devices Market:
The Global Personal Flotation Devices Market is not just limited to the products themselves, but also includes their various applications. These devices are widely used in water entertainment and sporting activities, government and military operations, and other areas. In the water entertainment and sporting sector, personal flotation devices are essential safety gear for activities like boating, kayaking, fishing, water skiing, and other water sports. They provide the necessary buoyancy to keep the wearer afloat in case of an accident or emergency. In the government and military sector, these devices are used in various operations, including naval operations, search and rescue missions, and training exercises. They are designed to withstand harsh conditions and provide maximum safety for the wearer. Other applications of personal flotation devices include commercial fishing, offshore oil and gas operations, and water transportation.
Water Entertainment and Sporting, Government & Military, Others in the Global Personal Flotation Devices Market:
The Global Personal Flotation Devices Market has shown significant growth over the years. In 2022, the market was valued at US$ 2185.9 million and is expected to reach US$ 2905.6 million by 2029, growing at a CAGR of 4.1% during the forecast period 2023-2029. The life jacket segment accounted for the largest sales proportion in 2019, with about 54% of the total market. This can be attributed to the widespread use of life jackets in various water-related activities and operations. The largest proportion of personal flotation devices is used in water entertainment and sporting activities, accounting for nearly 52% of the market in 2019. This is due to the increasing popularity of water sports and recreational activities worldwide. In terms of consumption, Asia-Pacific is the largest region, accounting for nearly 30% of the market in 2019. This can be attributed to the region's large population and the growing popularity of water sports and recreational activities.
| Report Metric | Details |
| Report Name | Personal Flotation Devices Market |
| Accounted market size in 2022 | US$ 2185.9 million |
| Forecasted market size in 2029 | US$ 2905.6 million |
| CAGR | 4.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Survitec Group Limited, VIKING Life-Saving Equipment, The Coleman Company, Kent Sporting Goods, Mustang Survival, Hansen Protection, Drarger, Johnson Outdoors, LALIZAS, Secumar, International Safety Products, NRS (Northwest River Supplies), Dongtai Jianghai, Wuxi Xingtai Shipping Equipment, SALUS MARINE WEAR INC., Aqua Lung International, O’Neill, Astral, Stormy Lifejackets, Kokatat, Harmony Gear, JimBuoy, SeaSafe Systems, Spinlock |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
