Attractive Market Opportunities in Life Jacket Market Estimate to Grow at a Significant Rate throughout the Forecast Period 2017-2022

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 FactMR, 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 scope of FactMR’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.

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Developed regions such as Europe and North America have witnessed a considerable rise in terms of participation in watersports, over the past few years. Core boating activities such as kayaking or rafting are gaining popularity, and with that, propelling the need for effective and basic protective gear such as life jackets. As majority of watersports professionals fall under the younger demographics, higher tendency of accidental tripping and falling overboard has necessitated the use of life jackets. Although, manufacturers of life jackets are struggling to balance their annual net gains due to seasonal participation in watersports industry. Moreover, activities such as sailboat racing, yacht cruising, canoeing and motor boating are gaining commercialization due to involvement of owners of private water bodies. Overall, increasing popularity of a majority of watersport events is likely to translate impressive revenues in the global market for life jackets.

Being a sleeveless, inflatable and buoyant vest that keeps the wearer afloat in water, a life jacket is personal flotation device that is the single-most important piece of protective gear used in watersports and other aquatic activities. Life jackets are worn over the upper body, and are designed to hold up the torso of the wearer above water, eliminating the risk of drowning.

According to FactMR, 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.

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Key findings from the market study reveal that a majority of life jackets in the world are used in watersports. However, against the popular belief, the end-use of life jackets is not limited to watersports. According to the report, global sales of life jackets across watersports end-users will be witnessing a robust growth at 5.5% CAGR through 2022. While the use of life jackets in commercial vessels, day sailing, fishing, and offshore sailing is also gaining traction, the market is expected to witness impressive growth in the end-use of life jackets across paddle sports. Although, this segment is expected to witness less than 10% share in the global life jacket market, paddle sports as an end-use of life jackets will create a global incremental opportunity of over US$ 38 Mn between 2017 and 2022.

Competition Tracking

The report has also profiled leading manufacturers of life jackets in the global market, which include Jarden Corp, Stormy Lifejackets Pty Ltd., Mustang Survival Corp., Johnson Outdoors Inc., Kent Sporting Goods Company, Inc., Hansen Protection AS, Safety and Survival Systems International Ltd., Viking Life-Saving Equipment A/S, and Survitec Group Limited

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

Continued………………………..

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