Global Life Jacket Market Report: North America is Expected to Witness a Steady Growth at 4.4% CAGR during the forecast period 2017-2022

Rockville, US, 2018-Feb-23 — /EPR Network/ — Coast guard authorities across all oceanic fronts in the world restrict the boarding of recreational vessels (boats) or participating into watersports activities in the absence of proper-sized life jackets, which are in good and serviceable conditions. Similar to how skydivers wear parachutes, football players have their helmets and professional car racers have to put their seat belts on, life jackets will continue to remain a prerequisite for partaking in many watersports events such as rafting, windsurfing or kayaking. The report, compiled by Fact.MR, provides in-depth analysis of the global life jacket market for the forecast period 2017-2022, and offers key insights about future market direction. The report focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

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Scope

The scope of Fact.MR’s report is to analyze the global life jacket market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Life jacket manufacturers, stakeholders, and suppliers in the global sporting goods & accessories industry can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and sports journals. The report commences with a brief information of the global life jacket market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global life jacket market.

According to Fact.MR, the global market for life jackets will soar at a moderate CAGR, raking revenues worth over US$ 2,500 Mn by the end of 2022. Demand for life jackets is expected to witness promising growth on the account of rising use in nautical tourism.

Highlights of the Forecast Study:

1- Increasing participation of European sportsmen in global watersports events is observed to among key factors driving the sales of life jackets across this region. In addition to this, higher proximity to some of the world’s safest beaches and water bodies has made life jackets a key maritime commodity across Europe. By the end of 2022, Europe will emerge as the largest market for life jackets in the world, contributing to more than US$ 770 Mn in revenues.

2- Demand for life jackets in the Asia-Pacific excluding Japan (APEJ) region is also expected to gain traction. Against this backdrop, the APEJ life jacket market will also witness promising growth owing to higher proclivity of life jacket manufacturers towards setting up production units in countries such as China, South Korea and India, among others. The densely-populated APEJ region also facilitates a large consumer base for life jackets, revenues from which are expected to account for more than one-fourth share in the global life jacket market through 2022.

3- North America’s life jacket market, on the other hand, is expected to witness a moderately steady growth at 4.4% CAGR during the forecast period.

4- Watersports will be among the most attractive end-use segments in the global market for life jackets. Between 2017 and 2022, life jackets sold for their use in water sports will rake an incremental opportunity of nearly US$ 150 M.

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Table of Contents:

  1. Global Life Jacket  Market – Executive Summary
  2. Global Life Jacket  Market Overview
    2.1. Introduction
    2.1.1. Global Life Jacket  Market Taxonomy
    2.1.2. Global Life Jacket  Market Definition
    2.2. Global Life Jacket  Market Size (US$ Mn) and Forecast, 2012-2022
    2.2.1. Global Life Jacket  Market Y-o-Y Growth
    2.3. Global Life Jacket  Market Dynamics
    2.3.1. Drivers
    2.3.2. Restraints
    2.3.3. Trends
    2.4. Supply Chain
    2.5. Cost Structure
    2.6. Pricing Analysis
    2.7. Raw Material Sourcing Strategy and Analysis
    2.8. List of Distributors
    2.9. Key Participants Market Presence (Intensity Map) By Region
  3. Global Life Jacket  Market Analysis and Forecast By Product Type
    3.1. Global Life Jacket  Market Size and Forecast By Product Type, 2012-2022
    3.1.1. 7lbs Inherent Life Jackets Life Jacket  Market Size and Forecast, 2012-2022
    3.1.1.1. Revenue (US$ Mn) Comparison, By Region
    3.1.1.2. Market Share Comparison, By Region
    3.1.1.3. Y-o-Y growth Comparison, By Region
    3.1.2. 7lbs-15.5lbs Inherent Life Jackets Life Jacket  Market Size and Forecast, 2012-2022
    3.1.2.1. Revenue (US$ Mn) Comparison, By Region
    3.1.2.2. Market Share Comparison, By Region
    3.1.2.3. Y-o-Y growth Comparison, By Region
    3.1.3. 15.5lbs-22lbs Inherent Life Jackets Life Jacket  Market Size and Forecast, 2012-2022
    3.1.3.1. Revenue (US$ Mn) Comparison, By Region
    3.1.3.2. Market Share Comparison, By Region
    3.1.3.3. Y-o-Y growth Comparison, By Region

Continued…..

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized  Sports market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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