Global Ocean Racing Jackets Market Size By Product (GORE-TEX and Fleece), By Application (Women, Men), By Geographic Scope And Forecast

Ocean Racing Jackets Market Size And Forecast

Ocean Racing Jackets Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028.

Consumers of all ages are interested in Marine sports; special types of jackets are used in water sports which are in high demand. Despite their weak regular physical involvement in Ocean sports activities, the population’s enthusiasm for the sport is healthy, which will certainly drive market growth. The Global Ocean Racing Jackets Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Ocean Racing Jacket Market Definition

The purpose of an Ocean Racing jacket is to keep you afloat in the water. To avoid drowning, they will automatically put you into a face-up posture, keeping your mouth and nostrils clear of the water. This is especially critical if you are unconscious when you fall into the water for whatever reason. Sailing has been used as a mode of transportation for thousands of years and as a leisure activity in Europe since the 18th century. Yacht racing is a sport that takes place on the water. When the schooner America arrived in 1851, it was the first time it was formalized. In a race around the Isle of Wight, the Aurora was defeated. America’s Cup, as it is now known, is the oldest sailing competition in the world. The World Cup is a big international sporting tournament that takes place every four years.

W. L. Gore & Associates owns the Gore-Tex trademark, which is a waterproof, breathable fabric membrane. Gore-Tex is a lightweight, waterproof fabric developed for all-weather use. It was invented in 1969 and can repel liquid water while allowing water vapor to pass through. Stretched polytetrafluoroethylene (PTFE) is used, which is better known by the generic name Teflon. The substance is officially referred to as expanded PTFE (ePTFE).

Global Ocean Racing Jacket Market Overview

Over the last few years, developed nations such as Europe and North America have seen a significant increase in water sports involvement. Core boating sports like kayaking and rafting are becoming more popular, resulting in a greater demand for effective and fundamental safety equipment like Ocean Racing Jackets. Because the majority of water sports professionals are younger, there is a larger risk of tripping and falling overboard, necessitating the use of Ocean Racing Jackets. Although, due to seasonal participation in the water sports business, Ocean Racing Jacket manufacturers are battling to balance their annual net profits. Furthermore, due to the involvement of owners of private water bodies, activities such as sailboat racing, yacht cruise, canoeing, and motor boating are becoming more commercialized. Overall, the growing popularity of a variety of water sports is expected to result in significant revenue growth in the global market for Ocean Racing Jackets.

An Ocean Racing Jacket is a sleeveless, inflatable, buoyant vest that keeps the user afloat in water. It is the single most critical piece of safety equipment used in water sports and other aquatic activities. Ocean Racing Jackets are worn across the upper body and are designed to keep the wearer’s torso above water, thus preventing drowning. Due to increased health and fitness awareness, the number of people participating in sports is also expanding. Individuals who wish to be physically fit are actively participating in sporting activities; this rate of engagement is projected to support the worldwide Ocean Racing Jacket Market’s growth in the future. Women’s participation in sports is also assisting the market’s growth.

Global Ocean Racing Jacket MarketSegmentation Analysis

Global Ocean Racing Jacket Market is segmented on the basis of Product, Application, and Geography.

Ocean Racing Jacket Market, By Product

• GORE-TEX• Fleece

Based on Product, the market is segmented into GORE-TEX and Fleece. The Ocean Racing Jacket Market was dominated by GORE-TEX segment. Because for days on end, it keeps the core entirely dry. With military-grade fabrics and Cardura 1000D reinforcements, this jacket will withstand the wear and tear it will receive.

Ocean Racing Jacket Market, By Application

• Women• Men• Others

Based on Application, the market is segmented Women, Men, and Others Segment. During the forecast period, Men Segment it is expected to account for the largest share of the Ocean Racing Jacket Market. According to preliminary comparative research findings from Ocean Racing or Sports, women compete quite effectively against men—and often outperform them. Men continue to make up the majority of participants in ocean sports. The male to female participant ratio is roughly 60 percent men to 40 percent women.

Ocean Racing Jacket Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of regional analysis, the Global Ocean Racing Jacket Market is classified into North America, Europe, Asia Pacific, and Rest of the world. In the future years, Asia Pacific holds the largest segment during the forecast period. The infrastructure of the Ocean Racing Jacket is also improving, particularly in developing countries like India, China, and others. The development of facilities such as gymnasiums, stadiums, and indoor sports halls, among others, is also boosting sports participation rates over the world. The global population’s changing mental models that people can live better lives via sports has also fueled the expansion of the global Ocean Racing Jacket Market in past years.

Key Players

The “Global Ocean Racing Jacket Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Gill Marine, Guy Cotton, Helly Hansen, Henri Lloyd, Hudson Wight, Mustang Survival, Osculati, Plastimo, Slam, and TRIBORD, Zhik Pty Ltd. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In January 2022, TRIBORD has launched the new Offshore 900, which is weather-resistant and efficient watch keeping attire. Decathlon’s TRIBORD brand has introduced a new line of sea wear dubbed Offshore 900.Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis.• Provides insight into the market through Value Chain.• Market dynamics scenario, along with growth opportunities of the market in the years to come.• 6-month post-sales analyst support.

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