Personal Floatation Devices Market Set to Soar Past USD 7.5 Billion by 2030 | Skyquest Technology
The global Personal Floatation Devices market size is expected to reach USD 7.5 billion by 2030 and exhibit a CAGR of 13.06% in the forecast period (2023−2030), according to Skyquest’s latest research report. increasing water sports and recreational activities, growing awareness about water safety, stringent regulations and safety standards, rising emphasis on workplace safety, technological advancements in product design and materials, expanding tourism industry and water-based attractions, growing adoption of personal flotation devices in the fishing industry, are fueling the market’s growth.
Westford, USA, Aug. 23, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Personal Floatation Devices market, increasing demand for lightweight and comfortable designs, adoption of advanced materials for enhanced buoyancy and durability, integration of smart technologies for improved safety features, the growing popularity of inflatable personal flotation devices, customization and personalization options for consumer preferences, rising demand for eco-friendly and sustainable flotation devices, expansion of product offerings for different water sports and activities, incorporation of fashion-forward designs and styles, are the trends that aid in the market’s growth.
Browse in-depth TOC on “Personal Floatation Devices Market”
- Pages – 213
- Tables – 158
- Figures – 78
A personal flotation device (PFD) is a vest or jacket that is worn to keep a person afloat in the water. PFDs are essential for water sports, boating, and other activities where there is a risk of falling into the water.
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Prominent Players in Personal Floatation Devices Market
- Astral Life Jackets
- Brunswick Corporation
- Coleman Company
- Hansen Protection AS
- Johnson Outdoors Inc.
- Lifeline International
- Mustang Survival ULC
- Ocean Signal
- Safety First Europe
- Survitec Group Limited
- Viking Life-Saving Equipment A/S
- West Marine
- SOLAS Marine Equipment
- W.L. Gore & Associates
- Zeagle International
- Aqua Lung International
- Gill Marine
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Life Jackets Demand to Grow Substantially in the Forecast Period
Life Jackets dominated the global market owing to their high demand for safety regulations and standards. Manufacturers continuously innovate and improve the design and comfort of life jackets. Modern life jackets incorporate ergonomic designs, adjustable straps, and lightweight materials for better mobility and comfort. These enhancements make life jackets more appealing to users, further driving their dominance in the market.
Water Sports and Recreation is the Leading Application Segment
In terms of application, water sports and recreation is the leading segment due to the increasing demand for water activities. In addition, Many countries and regions have implemented safety regulations that mandate the use of personal flotation devices in water sports activities. Compliance with these regulations creates a legal requirement for individuals to use PFDs when participating in water sports, leading to increased sales within this application segment.
North America is the leading Market Due to the High Water-based Activities
Region-wise, North America is one of the largest growing markets with a huge participation in water based activities. The region has a thriving water sports and recreational industry, with a wide range of activities and facilities available. This industry generates significant demand for personal flotation devices to ensure the safety of participants. A robust industry supports the region’s dominance in the market.
A recent report thoroughly analyzes the major players operating within the Personal Floatation Devices market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Personal Floatation Devices.
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Key Developments in the Personal Floatation Devices Market
- LALIZAS, the leading manufacturer of lifesaving equipment, has revealed a new catalogue that provides a total safety solution. This will help the company maintain or develop its customer base.
Key Questions Answered in Personal Floatation Devices Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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