Market Overview:
The global life vests market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for life vests from various applications such as adults, kids, and animals. In addition, the growing awareness about safety among consumers is also propelling the growth of this market. The global life vest market can be segmented on the basis of type into foam vests, inflatable vests, and hybrid vests. The inflatable vest segment is expected to grow at a higher CAGR during the forecast period owing to its high buoyancy and comfort levels offered by these products compared with other types of life jackets available in the market. On the basis of application,the global life vestmarket can be divided into adults, kids, and animals segments. The adult segment dominates this market due to increased awareness about safety among consumers across different age groups coupled with stringent regulations mandating wearing of personal flotation devices (PFDs) while boating or swimming in certain regions across globe .
Product Definition:
A life vest, also known as a personal flotation device (PFD), is an item of clothing or equipment worn to increase the chance of survival in the event of a water accident.
Foam Vests:
Foam vests are made of closed cell foam that is resistant to water, oil and grease. The material has high insulation properties and can be used in protective clothing for workers engaged in hazardous environments. Foam vest is a one-piece garment designed to fit closely over the body, with or without an outer layer, as a means of protecting the wearer from heat or cold exposure.
Inflatable Vests:
Inflatable vests are buoyancy aids that are worn under the life vest or lifejacket. They help to keep the person afloat if he/she is unable to swim or hold on to a floating object. Inflatable vests can be used in calm water as well as rough water and have been designed for both children and adults.
Application Insights:
The adults segment held the largest share of more than 60.0% in 2017. The increasing number of drowning cases across the world has led to a significant increase in demand for life vests among adult population globally. According to statistics published by the U.S.-based National Safety Council (NSC), around 1,adder drowns every two weeks and 3,000 people die due to drowning annually globally while around 15 million are injured or disabled due to this hazard category worldwide.
In addition, according to data published by WHO, approximately 1 child under 5 years dies from accidental asphyxia each year while another 300,000 suffer from brain injuries caused by submersion in water below chest height globally which is expected to drive product demand among kids application segment over the forecast period significantly contributing towards overall market growth during this period.
Regional Analysis:
Europe was the largest regional market in 2017 owing to presence of a large number of manufacturers and exporters. In Europe, U.K., Germany, Italy, France are some of the prominent countries having a strong foothold in the market. The increasing demand for life vests from these countries is expected to drive growth over next eight years.
Asia Pacific is projected to be one of the fastest-growing regions due to growing population and rising incidences of marine accidents across emerging economies such as India and China over next few years which would boost product demand further.
Growth Factors:
- Increasing demand for life vests from the commercial sector as a result of increasing maritime trade and tourism.
- Growing popularity of water sports and adventure tourism, which is driving the demand for life vests.
- Increasing awareness about the importance of safety while undertaking water-based activities, which is propelling the growth of the global life vests market.
- Technological advancements in terms of design and features that are making life vests more comfortable to wear and easier to use are boosting their adoption across different end-use segments, thereby fuelling market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Life Vests Market Research Report
By Type
Foam Vests, Inflatable Vests, Hybrid Vests
By Application
Adults, Kids, Animals
By Companies
Survitec, VIKING Life-Saving Equipment, The Coleman Company, Hansen Protection, Dräger, Johnson Outdoors, Kent Sporting Goods, LALIZAS, Mustang Survival, O’Neill, International Safety Products, SECUMAR, SALUS MARINE WEAR INC., Dongtai Jianghai, Stormy Lifejackets, Wuxi Xingtai Shipping Equipment, MW Watersports, SeaSafe Systems, Ningbo Zhenhua Electrical Equipment, Aqua Life, Eyson, Xiamen Shenshou Science and Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Life Vests Market Report Segments:
The global Life Vests market is segmented on the basis of:
Types
Foam Vests, Inflatable Vests, Hybrid Vests
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Adults, Kids, Animals
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Survitec
- VIKING Life-Saving Equipment
- The Coleman Company
- Hansen Protection
- Dräger
- Johnson Outdoors
- Kent Sporting Goods
- LALIZAS
- Mustang Survival
- O’Neill
- International Safety Products
- SECUMAR
- SALUS MARINE WEAR INC.
- Dongtai Jianghai
- Stormy Lifejackets
- Wuxi Xingtai Shipping Equipment
- MW Watersports
- SeaSafe Systems
- Ningbo Zhenhua Electrical Equipment
- Aqua Life
- Eyson
- Xiamen Shenshou Science and Technology
Highlights of The Life Vests Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Foam Vests
- Inflatable Vests
- Hybrid Vests
- By Application:
- Adults
- Kids
- Animals
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Life Vests Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Life vests are a type of personal flotation device that can be used to help someone survive if they become unconscious or lose their buoyancy in water.
Some of the major companies in the life vests market are Survitec, VIKING Life-Saving Equipment, The Coleman Company, Hansen Protection, DrƒÂ¤ger, Johnson Outdoors, Kent Sporting Goods, LALIZAS, Mustang Survival, O¢â‚¬â„¢Neill, International Safety Products, SECUMAR, SALUS MARINE WEAR INC., Dongtai Jianghai, Stormy Lifejackets, Wuxi Xingtai Shipping Equipment, MW Watersports, SeaSafe Systems, Ningbo Zhenhua Electrical Equipment, Aqua Life, Eyson, Xiamen Shenshou Science and Technology.
The life vests market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Life Vests Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Life Vests Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Life Vests Market - Supply Chain
4.5. Global Life Vests Market Forecast
4.5.1. Life Vests Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Life Vests Market Size (000 Units) and Y-o-Y Growth
4.5.3. Life Vests Market Absolute $ Opportunity
5. Global Life Vests Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Life Vests Market Size and Volume Forecast by Type
5.3.1. Foam Vests
5.3.2. Inflatable Vests
5.3.3. Hybrid Vests
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Life Vests Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Life Vests Market Size and Volume Forecast by Application
6.3.1. Adults
6.3.2. Kids
6.3.3. Animals
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Life Vests Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Life Vests Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Life Vests Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Life Vests Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Life Vests Demand Share Forecast, 2019-2026
9. North America Life Vests Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Life Vests Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Life Vests Market Size and Volume Forecast by Application
9.4.1. Adults
9.4.2. Kids
9.4.3. Animals
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Life Vests Market Size and Volume Forecast by Type
9.7.1. Foam Vests
9.7.2. Inflatable Vests
9.7.3. Hybrid Vests
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Life Vests Demand Share Forecast, 2019-2026
10. Latin America Life Vests Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Life Vests Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Life Vests Market Size and Volume Forecast by Application
10.4.1. Adults
10.4.2. Kids
10.4.3. Animals
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Life Vests Market Size and Volume Forecast by Type
10.7.1. Foam Vests
10.7.2. Inflatable Vests
10.7.3. Hybrid Vests
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Life Vests Demand Share Forecast, 2019-2026
11. Europe Life Vests Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Life Vests Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Life Vests Market Size and Volume Forecast by Application
11.4.1. Adults
11.4.2. Kids
11.4.3. Animals
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Life Vests Market Size and Volume Forecast by Type
11.7.1. Foam Vests
11.7.2. Inflatable Vests
11.7.3. Hybrid Vests
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application 11.10.4. By Sales Channel
11.11. Europe Life Vests Demand Share, 2019-2026
12. Asia Pacific Life Vests Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Life Vests Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Life Vests Market Size and Volume Forecast by Application
12.4.1. Adults
12.4.2. Kids
12.4.3. Animals
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Life Vests Market Size and Volume Forecast by Type
12.7.1. Foam Vests
12.7.2. Inflatable Vests
12.7.3. Hybrid Vests
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Life Vests Demand Share, 2019-2026
13. Middle East & Africa Life Vests Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Life Vests Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Life Vests Market Size and Volume Forecast by Application
13.4.1. Adults
13.4.2. Kids
13.4.3. Animals
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Life Vests Market Size and Volume Forecast by Type
13.7.1. Foam Vests
13.7.2. Inflatable Vests
13.7.3. Hybrid Vests
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Life Vests Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Life Vests Market: Market Share Analysis
14.2. Life Vests Distributors and Customers
14.3. Life Vests Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Survitec
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. VIKING Life-Saving Equipment
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. The Coleman Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hansen Protection
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Dräger
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Johnson Outdoors
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kent Sporting Goods
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LALIZAS
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mustang Survival
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ONeill
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. International Safety Products
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. SECUMAR
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. SALUS MARINE WEAR INC.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Dongtai Jianghai
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Stormy Lifejackets
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Wuxi Xingtai Shipping Equipment
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. MW Watersports
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. SeaSafe Systems
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Ningbo Zhenhua Electrical Equipment
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Aqua Life
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
