Keen Insight for Industry Trend: Life Vests Market Value Analysis by 2026
Life Vests
The life jacket is a buoyant or inflatable structure jacket that supports the wearer in deep water and prevents drowning. Life jackets are essential for boating, fishing and various water sports. It is designed to hold the wearer's head above the water or, depending on the type, the vertical up position.
Market trend Snapshot
Global Life Vests market was valued at USD 664 million in 2019, and is poised to reach USD 1,091 million by 2026, growing at a CAGR of 7.36%. This report provides comprehensive and in-depth analysis and prediction of the Life Vests industry.
The immense growth is benefit from some factors. For example, factor one, two, three, etc. However, everything has two sides, the Life Vests market growth is projected to negatively affected by factor one, two, etc.
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Key Market Players Profile
Currently, there are many producing companies in the world Life Vests industry, especially in Europe, North America and China. Key market players covered in the report such as International Safety Products, Johnson Outdoors, Survitec Group, The Coleman Company, VIKING Life-Saving Equipment, and etc.
The Growing Popularity of Water Sports Tourism
With the increasing water sports tourism industry, the demand for required equipment, such as life vests, has increased significantly. Participation in sports such as water polo, surfing, wakeboarding, jet skiing, kayaking, boating, river rafting, and river boarding has increased across the globe. Moreover, multiple initiatives undertaken by governmental and non-governmental organizations have increased participation in water sports. This driving factor is anticipated to boost the growth of the overall global life vests market over the projected period.
Frequent Need for Maintenance of Life Vests
Regular inspection of life vests is necessary to avoid last-minute troubles or fatal accidents caused by leaks, fabric degradation or improperly installed CO2 cylinders. One of the most common causes of poor life jacket failure is the use of expired aeration tanks.
Asia Pacific holds the largest market share
Major countries of North America, Europe, Asia Pacific, and the rest of the world are all exhaustive analyzed in the report. Apart from this, policy mobilization, social dynamics, fashion trends, and economic development in these countries are also taken into consideration. The Asia-Pacific and Europe are the two major markets for life vests, followed by North America, with production values accounting for 38.41%, 28.34% and 25.49% of the world respectively. North America is expected to witness a significant development in the coming years owing to the growing popularity of water sports tourism and the advent of shirt-based life jackets.
Life Vests Type and Application Sketch
By type
• Inherent
• Inflatable
The inherent segment is the dominant product segment of the global life vests market in 2018. The market share of this segment will continue to dominate the market over the next five years.
By application
• Adults
• Kids
• Animals
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Life Vests Report provides
ü Potential opportunities and challenges in Life Vests market
ü Current and future market outlook in the developed and emerging markets
ü Detailed analysis of the segment that is expected to dominate the market
ü Regions that are expected to witness the fastest growth during the forecast period
ü Identify the latest developments, market shares, and strategies employed by the major market players
ü Comprehensive & in-depth research and after-sales warranty by GlobalMarketMonitor
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Life Vests Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Life Vests Market by Types
4 Segmentation of Life Vests Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Life Vests Market in Major Countries
7 North America Life Vests Landscape Analysis
8 Europe Life Vests Landscape Analysis
9 Asia Pacific Life Vests Landscape Analysis
10 Latin America, Middle East & Africa Life Vests Landscape Analysis
11 Major Players Profile
11.1 International Safety Products
11.1.1 International Safety Products Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Johnson Outdoors
11.3 Survitec Group
11.4 The Coleman Company
11.5 VIKING Life-Saving Equipment
…
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Target Audience:
• Life Vests manufacturers
• Raw material suppliers of Life Vests
• Distributors and resellers of Life Vests
• Life Vests industry associations
• Product managers, Life Vests industry administrator, C-level executives of the industries
• Market Research and consulting firms
• Small and Medium-sized Enterprises (SMEs)
Base Year: 2018 | Estimated Year: 2019 | Forecast Period: 2019 to 2026
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