Global Life Jackets Market Size By Material (Nylon And Polyester), By End-User (Water Sports, Boating, Military and Safety Operations), By Type (Non-Inflatable, Inflatable, and Hybrid), By Geographic Scope And Forecast

Life Jackets Market Size And Forecast

Life Jackets Market size was valued at USD 1.30 Billion in 2021 and is projected to reach USD 1.77 Billion by 2030, growing at a CAGR of 3.51% from 2023 to 2030.

Water sports tourism’s growing popularity is significantly driving the market growth. With the expansion of the water sports tourism industry, the demand for necessary equipment, such as Life Jackets, has increased significantly. Water sports have grown in popularity as a result of lifestyle changes and increased spending on recreational activities, which has resulted in increased market sales. The Global Life 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 Life Jackets Market Definition

A Life Jacket is there to save your life in the water! Its main job is to keep you floating, and even better, it's designed to automatically flip you onto your back. This keeps your mouth and nose out of the water, so you don't drown. This is super important if you're knocked unconscious and fall in. Now, there are tons of different Life Jackets out there, each perfect for a different activity. Take the single-chamber type, for example. They're made from nylon coated with polyurethane and inflate themselves in about four seconds after hitting the water. But, if you're feeling impatient, you can also pull the lanyard to inflate it manually. Plus, they come with a handy mouth tube for topping up the air, a whistle to signal for help, and a lifting loop to help get you out of the water.

It stays put thanks to a nylon tap and buckle. Want to be extra visible? You can clip on a safety light! Plus, it has a built-in cover right at the neck. The built-in lamp? It's smart. Dunk it in saltwater and it automatically lights up (freshwater works too, but not as well). You can spot that light from up to 1.2 km away (and over 3 km with a super bright LED!). It'll keep shining for 8+ hours, depending on the bulb and battery. Oh, and these Twin-chamber Life Jackets? They're made of polyurethane-coated nylon and have two heads that automatically inflate in water, puffing up the jacket in just four minutes.

It comes with mouth tubes, a whistle, a lifting strap, and a water-activated safety light. A Life Jackets can help protect a person from hypothermia, which can be dangerous when a rescue is delayed. The jackets will keep a person’s head above water, keeping them dry, and will help keep body heat in. People wearing Life Jackets can pull their legs into their chests, slowing the escape of body heat instead of exerting heat and energy while treading water.

Global Life Jackets Market Overview

A Life Jacket is basically your best friend in the water, designed to keep you from, well, drowning! Think of it as a personal flotation device made with materials like nylon, polyester, and neoprene – all stuff that helps you stay afloat. You'll see Life Jackets everywherefrom your fun days water skiing to serious situations like military operations and even during floods. Interestingly, millennials and Gen Y are big fans of Life Jackets these days, probably because they're always out there enjoying water sports. People really seem to like Life Jackets for their comfort, how long they last, and what they're made of. And let's be honest, the fact that they help prevent drowning during all those aquatic adventures is a huge reason why the Life Jacket market is doing so well! You can learn more about water safety here.

Turns out, watersports tourism is booming! Thanks to government efforts and money spent on attracting tourists, both international and local investments are pouring in. Using recreational boats for fun touristy stuff like fishing, sailing, camping, and all sorts of water sports has really made getting out on the water more appealing to everyone. Now, while boating is considered a top-notch way to relax, it's not without its dangers. Sadly, drowning is the biggest risk, often because kids aren't watched closely enough, or people don't plan their trips well enough.

Life jackets are an important piece of safety equipment that has saved thousands of lives from drowning over the years. Working in a maritime job is not always easy because the life of a seafarer is unpredictable and they frequently face various life-threatening situations on a daily basis. Furthermore, because people are drawn to various adventure water sports, the risk of drowning is quite high. Wearing a Life Jackets while participating in such activities is required to avoid drowning. Government rules and regulations for Life Jackets increase demand. However, the high cost of Life Jackets Market growth.

Global Life Jackets MarketSegmentation Analysis

The Global Life Jackets Market is Segmented on the basis of Material, End-User, Type, and Geography.

Life Jackets Market, By Material

• Nylon
• Polyester
• Others

On the Basis of the Material, The market is classified into Nylon, Polyester, and Others. The nylon networks segment generated the most revenue. This is due to its properties such as elasticity and durability. Such features not only contribute to its demand but also provide comfort to the consumer. Nylon is a widely preferred material in the Life Jackets Market, facilitating noticeable growth in this material.

Life Jackets Market, By End-User

• Water Sports
• Boating
• Military and Safety Operation
• Others

On the Basis of the End-User, The market is classified into Water Sports, Boating, Military and Safety Operations, and Others. Due to the increase in water sports activities, water sports held the largest market share. Due to revenge tourism, this subsegment experienced rapid growth following the implementation of COVID-19.

Life Jackets Market, By Type

• Non-Inflatable
• Inflatable
• Hybrid

On the Basis of the Type, the market is classified into Non-Inflatable, Inflatable, and Hybrid. The non-inflatable segment contributed the most to the Life Jackets Market share. Non-inflatable requires no procedure to operate, which contributes to the largest share. Furthermore, non-inflatable Life Jackets have a wide range of applications, including construction sites, fire safety, and airplanes. It is in high demand due to its low price, and it is expected to grow at a rapid pace during the Life Jackets Market forecast period.

Life Jackets Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Based on Geographical Analysis, The Life Jackets Market is divided into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Europe has the largest market share due to a large number of water parks in Germany and other countries such as France and the United Kingdom. Furthermore, the enormous potential for the travel industry contributes to the expansion of Life Jackets in this region. Furthermore, the growth of micro-firms and small- and medium-sized enterprises in the Life Jackets industry positively impacts demand.

Key Players

The “Global Life Jackets Market” study report will provide valuable insight with an emphasis on the global market, including some of the major players such as Survitec Group Limited, Viking, Life-Saving Equipment A/S, The Coleman Company, Inc., Mustang Survival Corp., Kent Sporting, Goods Company, Johnson Outdoors Inc., The NRS (Northwest River Supplies) , International, Safety Products Ltd., Secumar GmbH, Hansen Protection AS, Aqua Lung International, Dongtai, Jianghai Life-Saving & Fire-Fighting Equipment Co. Ltd., Hutchwilco Limited, Baldwin Aquatics, and Safequip (Pty) Ltd.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to 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 August 2021, Viking Life-Saving Equipment has introduced the VIKING YouSafeTM Vanguard lifejacket as an offshore crew protection gear.
• In December 2021, Mustang Survival Corp purchased Stearns’ Government & Commercial Marine business to expand their product offering of Life Jackets, personal floatation devices, and other life-saving devices.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Life Jackets Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in Global Life Jackets Market gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

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Research Methodology of Market Research

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Reasons to Purchase this Report

We'll take a deep dive into the market, looking at both the money side and things that aren't easily measured, like how people feel about products. Expect to see market values (in USD Billion) broken down for every segment, large and small. We'll point out which areas and categories are poised for the biggest jumps and who's leading the pack. Our analysis will highlight what's being bought and sold in each region, and why. We'll also size up the competition, ranking the big names and tracking their latest moves – new product launches, partnerships, expansions, and acquisitions over the last five years. You'll get detailed company profiles including an overview, key insights, product comparisons, and a SWOT analysis for the major players. We'll also give you a clear picture of where the market stands today and where it's headed, considering the latest trends, opportunities, and the obstacles in both emerging and established areas. Plus, we'll use Porter's five forces to really understand the market from all angles, and show you how value flows through the value chain. Finally, we'll explore the overall market dynamics, pointing out the growth opportunities.