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Life Jacket Market by End-user, Product, and Geography - Forecast and Analysis 2023-2027

  • Published: Dec 2022
  • Pages: 155
  • SKU: IRTNTR71007
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The life jacket market is estimated to grow at a CAGR of 7.02% between 2022 and 2027. The size of the market is forecast to increase by USD 1,097 million. The growth of the market depends on serval factors, including the growing popularity of water sports tourism, increased demand for life jackets, and rising awareness about multiple advantages of water sporting activities.

This report extensively covers market segmentation by end-user (commercial operators, professional users, and swift water rescue users), product (inherent and inflatable), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Life Jacket Market During the Forecast Period?

Life Jacket Market Size

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Parent Market Analysis

The reports categorize the global life jacket market as a part of the global leisure products market within the global household durables market. The parent global leisure products market covers a variety of categories, including sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Life Jacket Market: Key Drivers, Trends, Challenges, and Customer Landscape

The growing popularity of water sports tourism is notably driving the market growth, although factors such as the frequent need for maintenance of life jackets may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Life Jacket Market Driver

The growing popularity of water sports tourism is notably driving market growth.  The demand for necessary equipment, such as life jackets, has increased significantly with the growth of the water sports tourism industry. Lifestyle evolution and increasing expenditure on recreational activities contribute to the increased popularity of water sports, which has increased sales in the market.

Furthermore, the percentage of women water sports enthusiasts have increased significantly owing to the increased popularity of water sports among women as a result of people being more open toward women participants in sports, including water sports, as well as an increase in the number of working women. This driving factor is expected to boost the growth of the overall market during the forecast period.

Significant Life Jacket Market Trend

Expanding water sports infrastructure for a better experience is the primary trend in the market. The recreational water sports market has been providing a novel business opportunity to many coastal cities or regions with water bodies. Many initiatives have been undertaken to promote the proper growth and expansion of water sporting facilities across the globe. Europe has been introducing initiatives aimed at strengthening the water sports industry.

The Facilities for the Water Sports Industry (FAWI) project aims at improving facilities for the water sports industry. The project focuses on professionalizing and economically strengthening the water sports industry through sustainable development, upgrades, positioning, quality improvements, and cross-border collaborations in the water sports segment. Such initiatives are driving the growth of the overall market at large.

Major Life Jacket Market Challenge

The frequent need for maintenance of life jackets is the major challenge impeding the market growth.  Life jacket fabrics wear out and lose efficiency with constant use. Apart from this, foam compression strength can impact the performance of foam life jackets. This necessitates the inspection of life jackets at regular intervals is necessary to avoid last-minute hassles or fatal accidents. 

The common reasons behind the failure of life jackets are leaks, fabric degradation, or inadequately installed CO2 cylinders. Owing to a large number of such issues, regular maintenance becomes difficult. Subsequently, market competitors would be under pressure from government bodies and customers to design life jackets that require less maintenance. This restricts the market growth to a large extent.

Key Life Jacket Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Life Jacket Market Share by Geography

Global Life Jacket Market Customer Landscape

Who are the Major Life Jacket Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Alliance Marine - The company offers inflatable life jackets such as infant life jackets, lil legends foam jackets, hydrostatic inflatable PFD, Khimera dual flotation, and automatic inflatable jackets under their subsidiary named Mustang Survival Corp. The company offers marine equipment under various brands such as Plastimo, Intermer, VDM Reya, Seimi, Berra marine service, and Berthelot.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Absolute Outdoor Inc.
  • Aqua Leisure Recreation LLC
  • Aqua Life
  • Dongguan City Bestway Sports Goods Co. Ltd.
  • Ganesh Manufacturing
  • Grand Ocean Marine Co. Ltd.
  • H3O Water Sports
  • Jiangsu Baizhou Safety Technology Co. Ltd.
  • Johnson Outdoors Inc.
  • Kibo Software Inc.
  • Majestic Marine and Engineering Services
  • Newell Brands Inc.
  • SeaSafe Systems Ltd.
  • Spinlock Ltd.
  • Stormy Lifejackets Pty Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Life Jacket Market?

The market share growth of the commercial operators segment will be significant during the forecast period. Staffed by a team of professionals, commercial operators plan every detail of the trip and even customize trips. Such operators also provide a retail shop with the required gear for the sport.

Life Jacket Market Size

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The commercial operators segment was valued at USD 1,347.16 million in 2017 and continued to grow until 2021Commercial operators exist around popular water sports destinations and offer attractive packages and professional guidance for adventure water sports. These operators are certified to teach and guide river rescue and water sports activities. The number of recreational travelers has grown globally, led by increased purchasing power. This segment dominates the market and is expected to continue dominating the global market during the forecast period.

Which are the Key Regions for the Life Jacket Market?

Life Jacket Market Share by Geography

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APAC is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America accounts for the largest share of the global life jacket market. The US is one of the major contributors to the market, owing to the popularity of water sports in the country. This can be attributed to the growth in inbound tourism. An increasing number of baby boomers are taking up water sports activities as a form of exercise in the US. This is one of the key factors contributing to market growth. 

The rise in dual-income households has contributed to increased participation in outdoor recreational and sports activities. This has led to enhanced participation in different types of water sports and, thus, increased demand for life jackets. The participation of women in water sports has also increased in the region. The aforementioned factors fuel the growth of the market in the region.

Market growth in North America declined, owing to the outbreak of the COVID-19 pandemic. However, with effective vaccination drives, the North American region was able to contain the spread of the pandemic, which led to the resumption of sporting events in 2022. Such developments are expected to increase the demand for water sports, thereby driving market growth in North America during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by End-user (Commercial operators, Professional users, and Swift water rescue users), Product (Inherent and Inflatable), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).

  • End-user Outlook (USD Million, 2017 - 2027)
    • Commercial operators
    • Professional users
    • Swift water rescue users
  • Product Outlook (USD Million, 2017 - 2027)
    • Inherent
    • Inflatable
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Life Jacket Market Scope

Report Coverage

Details

Page number

155

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.02%

Market growth 2023-2027

USD 1,097 million

Market structure

Fragmented

YoY growth 2022-2023(%)

6.6

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 32%

Key countries

US, China, Australia, UK, and Brazil

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Absolute Outdoor Inc., Aqua Leisure Recreation LLC, Aqua Life, Dongguan City Bestway Sports Goods Co. Ltd., Ganesh Manufacturing, Grand Ocean Marine Co. Ltd., H3O Water Sports, Jiangsu Baizhou Safety Technology Co. Ltd., Johnson Outdoors Inc., Kibo Software Inc., Majestic Marine and Engineering Services, Newell Brands Inc., SeaSafe Systems Ltd., Spinlock Ltd., Stormy Lifejackets Pty Ltd., Survitec Group Ltd., VIKING LIFE SAVING EQUIPMENT AS, Wing Group, Air Liquide SA, and Alliance Marine

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Life Jacket Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the life jacket market between 2023 and 2027
  • Precise estimation of the life jacket market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across North America, Europe, APAC, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of life jacket market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global life jacket market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global life jacket market 2017 - 2021 ($ million)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Commercial operators - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Commercial operators - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Commercial operators - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Commercial operators - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Commercial operators - Year-over-year growth 2022-2027 (%)
    • 6.4 Professional users - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Professional users - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Professional users - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Professional users - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Professional users - Year-over-year growth 2022-2027 (%)
    • 6.5 Swift water rescue users - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Swift water rescue users - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Swift water rescue users - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Swift water rescue users - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Swift water rescue users - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by End-user
      • Exhibit 46: Market opportunity by End-user ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 47: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 49: Chart on Comparison by Product
      • Exhibit 50: Data Table on Comparison by Product
    • 7.3 Inherent - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Inherent - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Inherent - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Inherent - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Inherent - Year-over-year growth 2022-2027 (%)
    • 7.4 Inflatable - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Inflatable - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Inflatable - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Inflatable - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Inflatable - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Product
      • Exhibit 59: Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 UK - Market size and forecast 2022-2027
      • Exhibit 89: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 Brazil - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Brazil - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Brazil - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Brazil - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Brazil - Year-over-year growth 2022-2027 (%)
    • 9.12 Australia - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Australia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Australia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Australia - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Australia - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 Absolute Outdoor Inc.
              • Exhibit 112: Absolute Outdoor Inc. - Overview
              • Exhibit 113: Absolute Outdoor Inc. - Product / Service
              • Exhibit 114: Absolute Outdoor Inc. - Key offerings
            • 12.4 Alliance Marine
              • Exhibit 115: Alliance Marine - Overview
              • Exhibit 116: Alliance Marine - Product / Service
              • Exhibit 117: Alliance Marine - Key offerings
            • 12.5 Aqua Leisure Recreation LLC
              • Exhibit 118: Aqua Leisure Recreation LLC - Overview
              • Exhibit 119: Aqua Leisure Recreation LLC - Product / Service
              • Exhibit 120: Aqua Leisure Recreation LLC - Key offerings
            • 12.6 Dongguan City Bestway Sports Goods Co. Ltd.
              • Exhibit 121: Dongguan City Bestway Sports Goods Co. Ltd. - Overview
              • Exhibit 122: Dongguan City Bestway Sports Goods Co. Ltd. - Product / Service
              • Exhibit 123: Dongguan City Bestway Sports Goods Co. Ltd. - Key offerings
            • 12.7 Ganesh Manufacturing
              • Exhibit 124: Ganesh Manufacturing - Overview
              • Exhibit 125: Ganesh Manufacturing - Product / Service
              • Exhibit 126: Ganesh Manufacturing - Key offerings
            • 12.8 Grand Ocean Marine Co. Ltd.
              • Exhibit 127: Grand Ocean Marine Co. Ltd. - Overview
              • Exhibit 128: Grand Ocean Marine Co. Ltd. - Product / Service
              • Exhibit 129: Grand Ocean Marine Co. Ltd. - Key offerings
            • 12.9 Jiangsu Baizhou Safety Technology Co. Ltd.
              • Exhibit 130: Jiangsu Baizhou Safety Technology Co. Ltd. - Overview
              • Exhibit 131: Jiangsu Baizhou Safety Technology Co. Ltd. - Product / Service
              • Exhibit 132: Jiangsu Baizhou Safety Technology Co. Ltd. - Key offerings
            • 12.10 Johnson Outdoors Inc.
              • Exhibit 133: Johnson Outdoors Inc. - Overview
              • Exhibit 134: Johnson Outdoors Inc. - Business segments
              • Exhibit 135: Johnson Outdoors Inc. - Key offerings
              • Exhibit 136: Johnson Outdoors Inc. - Segment focus
            • 12.11 Kibo Software Inc.
              • Exhibit 137: Kibo Software Inc. - Overview
              • Exhibit 138: Kibo Software Inc. - Product / Service
              • Exhibit 139: Kibo Software Inc. - Key offerings
            • 12.12 Majestic Marine and Engineering Services
              • Exhibit 140: Majestic Marine and Engineering Services - Overview
              • Exhibit 141: Majestic Marine and Engineering Services - Product / Service
              • Exhibit 142: Majestic Marine and Engineering Services - Key offerings
            • 12.13 Newell Brands Inc.
              • Exhibit 143: Newell Brands Inc. - Overview
              • Exhibit 144: Newell Brands Inc. - Business segments
              • Exhibit 145: Newell Brands Inc. - Key news
              • Exhibit 146: Newell Brands Inc. - Key offerings
              • Exhibit 147: Newell Brands Inc. - Segment focus
            • 12.14 Stormy Lifejackets Pty Ltd.
              • Exhibit 148: Stormy Lifejackets Pty Ltd. - Overview
              • Exhibit 149: Stormy Lifejackets Pty Ltd. - Product / Service
              • Exhibit 150: Stormy Lifejackets Pty Ltd. - Key offerings
            • 12.15 Survitec Group Ltd.
              • Exhibit 151: Survitec Group Ltd. - Overview
              • Exhibit 152: Survitec Group Ltd. - Product / Service
              • Exhibit 153: Survitec Group Ltd. - Key offerings
            • 12.16 VIKING LIFE SAVING EQUIPMENT AS
              • Exhibit 154: VIKING LIFE SAVING EQUIPMENT AS - Overview
              • Exhibit 155: VIKING LIFE SAVING EQUIPMENT AS - Product / Service
              • Exhibit 156: VIKING LIFE SAVING EQUIPMENT AS - Key offerings
            • 12.17 Wing Group
              • Exhibit 157: Wing Group - Overview
              • Exhibit 158: Wing Group - Product / Service
              • Exhibit 159: Wing Group - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 160: Inclusions checklist
                • Exhibit 161: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 162: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 163: Research methodology
                • Exhibit 164: Validation techniques employed for market sizing
                • Exhibit 165: Information sources
              • 13.5 List of abbreviations
                • Exhibit 166: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Life Jacket market growth will increase by $1097 million during 2023-2027.
              The life jacket market is expected to grow at a CAGR of 7.02% during 2023-2027.
              Technavio has segmented the life jacket market by end-user (Commercial operators, Professional users, and Swift water rescue users) ,product (Inherent, Inflatable, and Swift water rescue users) , and geography (North America, Europe, APAC, South America, and Middle East and Africa).
              Absolute Outdoor Inc., Aqua Leisure Recreation LLC, Aqua Life, Dongguan City Bestway Sports Goods Co. Ltd., Ganesh Manufacturing, Grand Ocean Marine Co. Ltd., H3O Water Sports, Jiangsu Baizhou Safety Technology Co. Ltd., Johnson Outdoors Inc., Kibo Software Inc., Majestic Marine and Engineering Services, Newell Brands Inc., SeaSafe Systems Ltd., Spinlock Ltd., Stormy Lifejackets Pty Ltd., Survitec Group Ltd., VIKING LIFE SAVING EQUIPMENT AS, Wing Group, Air Liquide SA, Alliance Marine are a few of the key vendors in the life jacket market.
              APAC will register the highest growth rate of 31.75% among the other regions. Therefore, the life jacket market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • Australia
              • UK
              • Brazil
              The key factors driving the life jacket market growth are:
              • Growing popularity of water sports tourism
              • Expanding water sports infrastructure for a better experience
              The life jacket market vendors should focus on grabbing business opportunities from the commercial operators segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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