Market Overview:
The global personal flotation devices (PFD) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing awareness about safety and security among people, rising maritime accidents, and growing demand for recreational activities such as boating and sailing. Based on type, the global PFD market is segmented into life jackets, survival suits, buoyancy compensators (BCs), buoyancy aids (foam core), and other types. The life jacket segment is expected to account for the largest share of the global PFD market in 2018. This can be attributed to their wide usage across various applications such as adults, kids, and pets. Based on application, the global PFD market is divided into commercial & industrial applications; defense & law enforcement; marine transportation; tourism & recreation; research & exploration; and others segments including fishing industry etc.). In terms of region, North America accounted for the largest share of the global PFD market in 2017 followed by Europe .
Product Definition:
A personal flotation device (PFD) is a piece of safety equipment designed to keep a person afloat in water. PFDs are most commonly used by people who work or play near water, such as sailors, fishermen, and swimmers. They are also used by people who want to be prepared for the possibility of falling into water, such as hikers and campers.
Life Jacket:
Life jackets are floatation devices designed to help people who may be capsized by accident in water. They can be used by children, adults and the elderly. The market for life jackets is expected to grow at a significant rate owing to rising incidences of accidental deaths due to water bodies across the world.
Survival Suit:
A survival suit is a type of personal flotation device that is designed to provide protection against cold water immersion up to a depth of 60 feet. They are primarily made from nylon fabric and available with different waterproofing treatments. The suits can be used in conjunction with lifejackets, buoyancy aids or alone as an emergency floatation device.
Application Insights:
The adults application segment held the largest share of more than 60.0% in 2017. The growing number of adventure activities and sports events is one of the major factors driving the demand for personal flotation devices among adults. Moreover, government initiatives to promote swimming as a fitness activity are expected to positively impact market growth over the forecast period. For instance, according to data published by CDC in 2016, around 651 million people aged 3-17 years swim regularly and about 78 million American high school students take lessons each year which is an increase from 40 years ago when there were approximately 210,000 students taking lessons annually. Growing participation in water sports and recreational activities such as surfing will drive product demand among kids over the forecast period 1 [ ].
Growing awareness regarding safety while swimming or diving is one of the primary reasons for adoption of life jackets by kids across various regions including North America and Europe 2 [ ].
Regional Analysis:
North America dominated the global personal flotation devices market in 2017. The growing popularity of water safety training programs and a rise in boating activities are expected to drive the regional market over the forecast period. Europe accounted for a significant share of revenue due to stringent regulations regarding road safety and presence of several organizations, such as OSHA, that provide guidelines on workplace safety.
Asia Pacific is anticipated to witness substantial growth over the forecast period owing to an increase in spending capacity among consumers coupled with rising disposable income levels. Furthermore, increasing awareness about personal water safety among adults is further expected to fuel demand for PFDs across this region during the forecast years.
Growth Factors:
- Increasing demand for personal flotation devices from the recreational boating industry as a result of increasing popularity of water sports.
- Growing awareness about the importance of personal flotation devices among end-users, which is expected to boost demand for these devices in the coming years.
- Rising number of fatalities due to drowning accidents across the globe, which is expected to fuel demand for personal flotation devices in the near future.
- Technological advancements in manufacturing process and design of personal flotation devices that are making them more comfortable and user-friendly, thereby boosting their adoption rate among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Personal Flotation Devices Market Research Report
By Type
Life Jacket, Survival Suit, Buoyancy Compensator, Buoyancy Aid (Foam Core), Other
By Application
Adults, Kids
By Companies
Survitec Group Limited, Mustang Survival, The Coleman Company, Astral, Kokatat, MTI - Marine Technology, Aqua Lung International, NRS (Northwest River Supplies), Spinlock, JimBuoy, O'Brien, SeaSafe Systems, Johnson Outdoors, Harmony, Stormy Lifejackets, ABSOLUTE OUTDOOR, Hansen Protection, Kadematic
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Personal Flotation Devices Market Report Segments:
The global Personal Flotation Devices market is segmented on the basis of:
Types
Life Jacket, Survival Suit, Buoyancy Compensator, Buoyancy Aid (Foam Core), Other
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
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 Group Limited
- Mustang Survival
- The Coleman Company
- Astral
- Kokatat
- MTI - Marine Technology
- Aqua Lung International
- NRS (Northwest River Supplies)
- Spinlock
- JimBuoy
- O'Brien
- SeaSafe Systems
- Johnson Outdoors
- Harmony
- Stormy Lifejackets
- ABSOLUTE OUTDOOR
- Hansen Protection
- Kadematic
Highlights of The Personal Flotation Devices 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:
- Life Jacket
- Survival Suit
- Buoyancy Compensator
- Buoyancy Aid (Foam Core)
- Other
- By Application:
- Adults
- Kids
- 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 Personal Flotation Devices 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.
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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?
Personal flotation devices are a type of life jacket that help keep people afloat if they become stranded in water.
Some of the major players in the personal flotation devices market are Survitec Group Limited, Mustang Survival, The Coleman Company, Astral, Kokatat, MTI - Marine Technology, Aqua Lung International, NRS (Northwest River Supplies), Spinlock, JimBuoy, O'Brien, SeaSafe Systems, Johnson Outdoors, Harmony, Stormy Lifejackets, ABSOLUTE OUTDOOR, Hansen Protection, Kadematic.
The personal flotation devices market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Personal Flotation Devices 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. Personal Flotation Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Personal Flotation Devices Market - Supply Chain
4.5. Global Personal Flotation Devices Market Forecast
4.5.1. Personal Flotation Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Personal Flotation Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Personal Flotation Devices Market Absolute $ Opportunity
5. Global Personal Flotation Devices 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. Personal Flotation Devices Market Size and Volume Forecast by Type
5.3.1. Life Jacket
5.3.2. Survival Suit
5.3.3. Buoyancy Compensator
5.3.4. Buoyancy Aid (Foam Core)
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Personal Flotation Devices 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. Personal Flotation Devices Market Size and Volume Forecast by Application
6.3.1. Adults
6.3.2. Kids
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Personal Flotation Devices 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. Personal Flotation Devices 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 Personal Flotation Devices 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. Personal Flotation Devices 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 Personal Flotation Devices Demand Share Forecast, 2019-2029
9. North America Personal Flotation Devices 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 Personal Flotation Devices 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 Personal Flotation Devices Market Size and Volume Forecast by Application
9.4.1. Adults
9.4.2. Kids
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Personal Flotation Devices Market Size and Volume Forecast by Type
9.7.1. Life Jacket
9.7.2. Survival Suit
9.7.3. Buoyancy Compensator
9.7.4. Buoyancy Aid (Foam Core)
9.7.5. Other
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 Personal Flotation Devices Demand Share Forecast, 2019-2029
10. Latin America Personal Flotation Devices 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 Personal Flotation Devices 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 Personal Flotation Devices Market Size and Volume Forecast by Application
10.4.1. Adults
10.4.2. Kids
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Personal Flotation Devices Market Size and Volume Forecast by Type
10.7.1. Life Jacket
10.7.2. Survival Suit
10.7.3. Buoyancy Compensator
10.7.4. Buoyancy Aid (Foam Core)
10.7.5. Other
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 Personal Flotation Devices Demand Share Forecast, 2019-2029
11. Europe Personal Flotation Devices 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 Personal Flotation Devices 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 Personal Flotation Devices Market Size and Volume Forecast by Application
11.4.1. Adults
11.4.2. Kids
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Personal Flotation Devices Market Size and Volume Forecast by Type
11.7.1. Life Jacket
11.7.2. Survival Suit
11.7.3. Buoyancy Compensator
11.7.4. Buoyancy Aid (Foam Core)
11.7.5. Other
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 Personal Flotation Devices Demand Share, 2019-2029
12. Asia Pacific Personal Flotation Devices 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 Personal Flotation Devices 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 Personal Flotation Devices Market Size and Volume Forecast by Application
12.4.1. Adults
12.4.2. Kids
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Personal Flotation Devices Market Size and Volume Forecast by Type
12.7.1. Life Jacket
12.7.2. Survival Suit
12.7.3. Buoyancy Compensator
12.7.4. Buoyancy Aid (Foam Core)
12.7.5. Other
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 Personal Flotation Devices Demand Share, 2019-2029
13. Middle East & Africa Personal Flotation Devices 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 Personal Flotation Devices 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 Personal Flotation Devices Market Size and Volume Forecast by Application
13.4.1. Adults
13.4.2. Kids
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Personal Flotation Devices Market Size and Volume Forecast by Type
13.7.1. Life Jacket
13.7.2. Survival Suit
13.7.3. Buoyancy Compensator
13.7.4. Buoyancy Aid (Foam Core)
13.7.5. Other
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 Personal Flotation Devices Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Personal Flotation Devices Market: Market Share Analysis
14.2. Personal Flotation Devices Distributors and Customers
14.3. Personal Flotation Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Survitec Group Limited
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mustang Survival
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. Astral
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kokatat
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. MTI - Marine Technology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Aqua Lung International
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. NRS (Northwest River Supplies)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Spinlock
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. JimBuoy
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. O'Brien
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. SeaSafe Systems
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Johnson Outdoors
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Harmony
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. ABSOLUTE OUTDOOR
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Hansen Protection
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Kadematic
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
