The life jacket market will register a CAGR of close to 6% by 2023.
Increased Emphasis on Streamlined & Lightweight Life Jackets to Gain Traction
Most life jackets are uncomfortable to the users because of their design and bulkiness. These products offer different ranges of buoyancy such as 50 N, 275 N, and 100 N. These are the floatation capacities expressed in Newtons, and with respect to life jackets, it is the buoyant force that a jacket produces.
Growing Popularity of Water Sports Tourism
With the growing water sports tourism industry, the demand for required equipment, such as life jackets, has increased significantly. The participation in sports such as water polo, surfing, wakeboarding, jet skiing, kayaking, boating, river rafting and river boarding has increased globally.
Frequent Need for Maintenance of Life Jackets
Inspection of life jackets on regular intervals is necessary to avoid last minute hassles or fatal accidents, which occur owing to leaks, fabric degradation, or inadequately installed CO2 cylinders. One of the most common reasons for failure of life jackets is the use of expired inflation canisters.
- Expanding Water Sports Infrastructure for a Better Experience
- Advent of Shirt-Based Life Jackets
- Increased Emphasis on Streamlined and Lightweight Life Jackets
- International Safety Products
- Johnson Outdoors
- Survitec Group
- The Coleman Company
- VIKING Life-Saving Equipment
1. Executive Summary
2. Scope of the Report
3. Market Landscape
4. Market Sizing
5. Five Forces Analysis
6. Market Segmentation by Product
7. Customer Landscape
8. Market Segmentation by End-User
9. Geographic Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
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