Life Jacket & Vests Market Size, Share Global Analysis Report, 2016–2026

Industry Insights

According to the report published by Facts & Factors, the global Life Jacket & Vests Market size was worth around USD 3 million in 2019 and is predicted to grow around USD 5 million by 2026 with a compound annual growth rate (CAGR) of roughly 5% between 2020 and 2026. The report analyzes the global Life Jacket & Vests Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Life Jacket & Vests Market.

The report encompasses the forecast as well as analysis of the life jacket & vests market on a global and regional level. The study displays historical data from 2015 to 2018 along with a forecast from 2020 to 2026 based on revenue (USD Million). Additionally, the market growth drivers, opportunities, limitations, and trends are also included in the Life Jacket & Vests market report. 

We have included industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the life jacket & vests market in our study.

Key Insights from Primary Research

• As per our primary respondents, the Life Jacket & Vests market is set to grow annually at rate of around 5%
• It was established through primary research that the Life Jacket & Vests market was valued at around USD 3 Million in 2018
• Europe generated maximum revenue around USD 2 Million in 2018 followed by North America
• The “foam jackets & vests” category, on the basis of type segmentation, was the leading revenue generating category accounting for approximately 2 Million, in 2018
• On the basis of end-use segmentation, the “adult” category was the leading revenue generator accounting for near about USD 2 Million in 2018

Key Recommendations from Analysts

• As per our analysts, new product development strategy is used by companies to target potential customers in current market or new emerging markets
• The life jacket & vests market is anticipated to reach USD 5 Million by the end of 2026
• Increasing adoption of water safety regulations to guarantee the safety of water related activities and strict implementation is the primary factor boosting the target market growth in Europe
• Growing at a CAGR around 5%, life jacket & vests market provides numerous opportunities for all of the involved stakeholders across the entire value chain
• Foam jackets & vests segment is estimated to grow at a CAGR of 5% during the forecast period.

Market Volume Share, By Type

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies used by market competitors. It also encompasses PESTLE analysis and SWOT analysis.

The report also offers an in-depth analysis of the market share of each industry player and gives an outline of the market position of key players in the Life Jacket & Vests market. Moreover, the study offers wide coverage of key strategic improvements witnessed in the market such as acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, R&D activities, and geographical expansion of key players of the Life Jacket & Vests market.

The study provides a decisive view of the life jacket & vests market by segmenting the life jacket & vests market based on type, end-use, and regions. All the segments have been analyzed based on present and future trends. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The purchasing pattern of the consumers worldwide is based on the evolving fashion trends and changing hairstyles. The market share is largely influenced by the product sales greatly impacted by religious beliefs and ethnic populations. In addition, easy access to ornamented pins, clips, and bands on the e-commerce web portal will further accelerate the industry surge over the forecast timespan.

The life jacket & vests market is segmented based on type and end-use.  Type-wise, the market is classified as foam jackets & vests, inflatable jackets & vests, and hybrid jackets & vests. In terms of end-use, the market segment is sectored as adults, children, and animals.

Report Scope

Competitive Analysis

Key players operating in the life jacket & vests industry are :

• Survitec
• The Coleman Company
• Kent Sporting Goods
• VIKING Life-Saving Equipment
• Hansen Protection
• Johnson Outdoors
• International Safety Products
• LALIZAS
• Mustang Survival
• Aqua Life
• SALUS MARINE WEAR INC.
• Ningbo Zhenhua Electrical Equipment
• Dongtai Jianghai
• SeaSafe Systems
• O’Neill

This report segments the life jacket & vests market as follows:

Global Life Jacket & Vests Market: By Type Segment Analysis

• Inflatable Jackets & Vests
• Foam Jackets & Vests
• Hybrid Jackets & Vests

Global Life Jacket & Vests Market: By End-use Segment Analysis

• Adult
• Children
• Animal

Global Life Jacket & Vests Market: Regional Segment Analysis

• North America 
  • The U.S. 
  • Canada 
• Europe 
  • Germany 
  • France 
  • The U.K. 
  • Italy 
  • Spain 
  • Rest of Europe 
• Asia Pacific 
  • China 
  • Japan 
  • India 
  • South Korea 
  • South-East Asia 
  • Rest of Asia Pacific 
• Latin America 
  • Brazil 
  • Mexico 
  • Rest of Latin America 
• The Middle-East and Africa 
  • GCC Countries 
  • South Africa 
  • Rest of Middle-East Africa

Key Pointers Addressed by the Report

• Historical data and forecast analysis of the market
• Drivers and Restraints affecting market dynamics
• Exhaustive analysis about the future market trends
• Comprehensive information about the leading market segments and region
• Strategic developments made by the competitive players and in-depth analysis about its impact on market growth