Global Personal Flotation Devices Market Worldwide Industry Analysis, Future Demand and Forecast till 2028

The personal flotation devices market is anticipated to grow at a CAGR of 5% during the forecast period (2022-2028). In aquatic activities, a personal flotation device, often known as a life jacket, is utilized as life-saving equipment. It is essential safety equipment for deck suits, canoeing/kayaking, boardsailing, commercial vessel work jackets, and man overboard’ scenarios. Personal flotation devices are expected to be driven by government rules and regulations governing job safety in coastal areas and when operating boats. The market for personal flotation devices is predicted to rise as customer preferences for recreational boating and water activities grow which is expected to impact the market positively during the forecast period. The primary market opportunity is to raise customer knowledge about the need for personal flotation devices. Furthermore, buyers seek high-quality items that adhere to regulatory regulations.

The global personal flotation devices market is segmented based on the product type, end-user, application, and distribution channel. Based on the product type, the market is sub-segmented into offshore life jackets, near-shore buoyant vests, flotation aid, throwable devices, and special-use devices. Based on the end-user, the market is sub-segmented into the aquaculture industry, oil & gas industry, naval industry, and others. Based on the application, the market is sub-segmented into passenger and aircraft crew, commercial vessels, government & military, and water sports. Based on the distribution channel, the market is bifurcated into the online and offline. Among these segments, the water sports segment is expected to propel the growth of the market due to the increasing usage of personal flotation devices in water sports globally.

The major market players in the global personal flotation devices market are The Coleman Company Inc., Absolute Outdoor Inc., Marine Rescue Technologies Ltd., Aqua Lung International, National Marine Manufacturer Association, Erez Europe, Kent Sporting Goods Co. Inc., International Safety Product Ltd., Hydrodynamic Industrial Co., Ltd among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Product Type
  • By End-User
  • By Application
  • By Distribution Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- The Coleman Company Inc., Absolute Outdoor Inc., Marine Rescue Technologies Ltd., Aqua Lung International, National Marine Manufacturer Association, Erez Europe, Kent Sporting Goods Co. Inc., International Safety Product Ltd., Hydrodynamic Industrial Co. Ltd., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Personal Flotation Devices Market Report by Segment

By Product Type

• Offshore Life Jacket
• Near-shore Buoyant Vest
• Flotation Aid
• Throwable Devices
• Special-use Devices

By End-User

• Aquaculture Industry
• Oil & Gas Industry
• Naval Industry
• Others

By Application

• Passenger and Aircraft Crew
• Commercial Vessels
• Government & Military
• Water Sports

By Distribution Channel

• Online
• Offline