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Personal Flotation Devices Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Jun 2022
  • Pages: 140
  • SKU: IRTNTR43218
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The personal flotation devices market share is expected to increase to USD 1.85 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.78%.

This PFD market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers personal flotation devices market segmentation by product (type I, type II, type III, type IV, and type V) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The personal flotation devices market report also offers information on several market vendors, including Astral Buoyancy Co., Cal June Inc., Confluence Kayaks LLC, Galvanisers India, Hansen Protection AS, Hutchwilco, Hydrodynamic Industrial Co. Ltd., Johnson Outdoors Inc., Kent Water Sports LLC, Kokatat Inc., LALIZAS Group, Marine Rescue Technologies, Mustang Survival Corp., Newell Brands Inc., NRS Inc., SeaSafe Systems Ltd., Spinlock Ltd., Stormy Lifejackets Pty Ltd., Supreme In Safety Services, and Survitec Group Ltd. among others.

What will the Personal Flotation Devices Market Size be During the Forecast Period?

Personal Flotation Devices Market Size

Download the Free Report Sample to Unlock the Personal Flotation Devices Market Size for the Forecast Period and Other Important Statistics

 

Personal Flotation Devices Market: Key Drivers, Trends, and Challenges

The increasing focus on preventing marine fatalities is notably driving the personal flotation devices (PFD) market growth, although factors such as the selection of the right PFDs may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the personal flotation devices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Personal Flotation Devices Market Driver

  • One of the key factors driving the global personal flotation devices market growth is the increasing focus on preventing marine fatalities.
  • A wide range of PFDs is available in the market, from traditional foam floatation devices to inflatable life jackets.
  • For life jackets used for boating activities, USCG-approved variants are highly recommended, which must be appropriate for the intended use.
  • In Europe, approximately half of the marine casualties were reported to investigative bodies by the shore authorities.
  • Marine casualties are a result of collisions, damage to ships, capsizing of ships, explosion or fires, flooding or foundering, loss of control, and hull failure.
  • During the period 2011-2018, cargo ships contributed almost half of the marine fatalities, followed by passenger ships. Such factors may drive the market growth in the forecast period.

Key Personal Flotation Devices Market Trend

  • The development of robot life preservers is one of the key personal flotation devices market trends that is expected to impact the industry positively in the forecast period.
  • The coast guard is entrusted with several maritime duties, the most important being the rescue of boats that have capsized, broken down, or have run out of fuel.
  • The pursuit of having the safest rescue operation led to the development of robots, which serve as life preservers.
  • EMILY is a robot, which stands for Emergency Integrated Lifesaving LanYard. This robot rescuer is being tested by Greece Coast Guard to save refugees in the event of the boat capsizing in the Aegean and the Mediterranean Sea. This robot is four feet long vessel remotely controlled by an operator to rescue people who get caught in high tides. With the growing popularity of EMILY, the US navy and many such organizations are adopting EMILY for life-saving activities in marine accidents.
  • The development of robot life preservers may further support the market growth in the coming years.

Key Personal Flotation Devices Market Challenge

  • One of the key challenges to the global personal flotation devices market growth is the selection of right PFDs.
  • In water sports activities such as jet-skiing, windsurfing, canoeing, water skiing, and dinghy sailing, the right size of PFDs provides confidence to the paddlers to enjoy the activities.
  • The are several aspects of the classification of PFDs, such as the type of activity they are designed to be used in and the distance of the activity from the shore.
  • Several types of PFDs are available in the market, with some being activity-specific. This, however, does not make the task of selecting the appropriate type of PFDs easier, which is important to meet the highest standards of safety.
  • The process of selection of PFDs may seem difficult for new as well as experienced users, which may hamper the market growth in the forecast years.

This personal flotation devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global personal flotation devices market as a part of the global leisure products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the personal flotation devices market during the forecast period.

Who are the Major Personal Flotation Devices Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Astral Buoyancy Co.
  • Cal June Inc.
  • Confluence Kayaks LLC
  • Galvanisers India
  • Hansen Protection AS
  • Hutchwilco
  • Hydrodynamic Industrial Co. Ltd.
  • Johnson Outdoors Inc.
  • Kent Water Sports LLC
  • Kokatat Inc.
  • LALIZAS Group
  • Marine Rescue Technologies
  • Mustang Survival Corp.
  • Newell Brands Inc.
  • NRS Inc.
  • SeaSafe Systems Ltd.
  • Spinlock Ltd.
  • Stormy Lifejackets Pty Ltd.
  • Supreme In Safety Services
  • Survitec Group Ltd.

 

This statistical study of the personal flotation devices market encompasses successful business strategies deployed by the key vendors. The personal flotation devices market is fragmented and the vendors are deploying growth strategies such as product differentiation and innovation to compete in the market.

Product Insights and News

  • Astral Buoyancy Co. - The company offers personal flotation devices that are comfortable life jacket, which is environmentally friendly PFD made, and the shell is made from bluesign certified recycled polyester.
  • Newell Brands Inc - The company offers a wide range of personal flotation devices through its brand Coleman.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The personal flotation devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Personal Flotation Devices Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the personal flotation devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Personal Flotation Devices Market?

Personal Flotation Devices Market Market segmentation by region

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32% of the market's growth will originate from North America during the forecast period. The US is the key market for personal flotation devices in North America. Market growth in this region will be faster than the growth of the market in Europe and MEA.

The access to digital platforms that boost online retail, growth in the number of swimming pools and other watersports locations, increasing participation and enrollment in watersports and water recreational activities, and expanding prospective end-user base will facilitate the personal flotation devices market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic adversely affected North American countries. It resulted in the temporary closure of various industries, including those manufacturing PFDs. However, in Q3 2021, the demand for these products rebounded, as retail stores reopened due to the large-scale COVID-19 vaccination drives initiated in this region. These factors will drive the growth of the regional PFDs market during the forecast period.

What are the Revenue-generating Product Segments in the Personal Flotation Devices Market?

Personal Flotation Devices Market Segmentation

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The personal flotation devices market share growth by the type I segment will be significant during the forecast period. Offshore life jackets are mainly used to provide safety to the crew on shipping vessels. The growth of the market for type I PFDs is attributed to an increase in demand for ultra-large vessels by shipping companies to achieve fuel efficiency and economies of scale. This demand is being fulfilled by APAC countries such as China, South Korea, and Japan, which are global leaders in shipbuilding and, consequently, the major contributors to the market growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the personal flotation devices market size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in:

Life Jacket market - The market share has the potential to grow by USD 1 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 6.54%.

Personal Flotation Devices Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.78%

Market growth 2022-2026

$ 1.85 billion

Market structure

Fragmented

YoY growth (%)

4.4

Regional analysis

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

Performing market contribution

North America at 32%

Key consumer countries

US, China, UK, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Astral Buoyancy Co., Cal June Inc., Confluence Kayaks LLC, Galvanisers India, Hansen Protection AS, Hutchwilco, Hydrodynamic Industrial Co. Ltd., Johnson Outdoors Inc., Kent Water Sports LLC, Kokatat Inc., LALIZAS Group, Marine Rescue Technologies, Mustang Survival Corp., Newell Brands Inc., NRS Inc., SeaSafe Systems Ltd., Spinlock Ltd., Stormy Lifejackets Pty Ltd., Supreme In Safety Services, and Survitec Group Ltd.

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, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Personal Flotation Devices Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive personal flotation devices market growth during the next five years
  • Precise estimation of the personal flotation devices market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the personal flotation devices industry across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of personal flotation devices 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 Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Type I - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Type I - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Type I - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Type I - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Type I - Year-over-year growth 2021-2026 (%)
    • 5.4 Type II - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Type II - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Type II - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Type II - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Type II - Year-over-year growth 2021-2026 (%)
    • 5.5 Type III - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Type III - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Type III - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Type III - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Type III - Year-over-year growth 2021-2026 (%)
    • 5.6 Type IV - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Type IV - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Type IV - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Type IV - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Type IV - Year-over-year growth 2021-2026 (%)
    • 5.7 Type V - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Type V - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Data Table on Type V - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Chart on Type V - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Type V - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by Product
      • Exhibit 48: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 UK - Market size and forecast 2021-2026
      • Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 France - Market size and forecast 2021-2026
      • Exhibit 90: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 Astral Buoyancy Co.
              • Exhibit 101: Astral Buoyancy Co. - Overview
              • Exhibit 102: Astral Buoyancy Co. - Product / Service
              • Exhibit 103: Astral Buoyancy Co. - Key offerings
            • 10.4 Hansen Protection AS
              • Exhibit 104: Hansen Protection AS - Overview
              • Exhibit 105: Hansen Protection AS - Product / Service
              • Exhibit 106: Hansen Protection AS - Key offerings
            • 10.5 Hutchwilco
              • Exhibit 107: Hutchwilco - Overview
              • Exhibit 108: Hutchwilco - Product / Service
              • Exhibit 109: Hutchwilco - Key offerings
            • 10.6 Johnson Outdoors Inc.
              • Exhibit 110: Johnson Outdoors Inc. - Overview
              • Exhibit 111: Johnson Outdoors Inc. - Business segments
              • Exhibit 112: Johnson Outdoors Inc. - Key offerings
              • Exhibit 113: Johnson Outdoors Inc. - Segment focus
            • 10.7 Kent Water Sports LLC
              • Exhibit 114: Kent Water Sports LLC - Overview
              • Exhibit 115: Kent Water Sports LLC - Product / Service
              • Exhibit 116: Kent Water Sports LLC - Key offerings
            • 10.8 Kokatat Inc.
              • Exhibit 117: Kokatat Inc. - Overview
              • Exhibit 118: Kokatat Inc. - Product / Service
              • Exhibit 119: Kokatat Inc. - Key offerings
            • 10.9 Mustang Survival Corp.
              • Exhibit 120: Mustang Survival Corp. - Overview
              • Exhibit 121: Mustang Survival Corp. - Product / Service
              • Exhibit 122: Mustang Survival Corp. - Key offerings
            • 10.10 Newell Brands Inc.
              • Exhibit 123: Newell Brands Inc. - Overview
              • Exhibit 124: Newell Brands Inc. - Business segments
              • Exhibit 125: Newell Brands Inc. - Key news
              • Exhibit 126: Newell Brands Inc. - Key offerings
              • Exhibit 127: Newell Brands Inc. - Segment focus
            • 10.11 NRS Inc.
              • Exhibit 128: NRS Inc. - Overview
              • Exhibit 129: NRS Inc. - Product / Service
              • Exhibit 130: NRS Inc. - Key offerings
            • 10.12 Survitec Group Ltd.
              • Exhibit 131: Survitec Group Ltd. - Overview
              • Exhibit 132: Survitec Group Ltd. - Product / Service
              • Exhibit 133: Survitec Group Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 134: Inclusions checklist
                • Exhibit 135: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 136: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 137: Research methodology
                • Exhibit 138: Validation techniques employed for market sizing
                • Exhibit 139: Information sources
              • 11.5 List of abbreviations
                • Exhibit 140: 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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              Personal Flotation Devices Market market growth will increase by $1.85 billion during 2022-2026.
              The personal flotation devices market market is expected to grow at a CAGR of 4.78% during 2022-2026.
              Technavio has segmented the personal flotation devices market market by product (type I, type II, type III, type IV, and Type V) ,geography (North America, APAC, Europe, South America, and Middle East and Africa) , and geographic (North America, APAC, Europe, and South America).
              Astral Buoyancy Co., Cal June Inc., Confluence Kayaks LLC, Galvanisers India, Hansen Protection AS, Hutchwilco, Hydrodynamic Industrial Co. Ltd., Johnson Outdoors Inc., Kent Water Sports LLC, Kokatat Inc., LALIZAS Group, Marine Rescue Technologies, Mustang Survival Corp., Newell Brands Inc., NRS Inc., SeaSafe Systems Ltd., Spinlock Ltd., Stormy Lifejackets Pty Ltd., Supreme In Safety Services, Survitec Group Ltd. are a few of the key vendors in the personal flotation devices market market.
              North America will register the highest growth rate of 32% among the other regions. Therefore, the personal flotation devices market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the personal flotation devices market market growth are:
              • Increasing focus on preventing marine fatalities
              • Focus on the styling of PFDs
              The personal flotation devices market market vendors should focus on grabbing business opportunities from the type i 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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