Personal Flotation Devices - Global Strategic Business Report

The global market for Personal Flotation Devices is estimated at US$7.4 Billion in 2023 and is projected to reach US$10.4 Billion by 2030, growing at a CAGR of 4.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the personal flotation devices market is driven by several factors. One significant driver is the increasing awareness of water safety and the implementation of stringent regulations mandating the use of PFDs in various water-related activities. The rising popularity of water sports and recreational boating is also boosting the demand for high-quality, comfortable PFDs. Technological advancements that enhance the safety features and comfort of PFDs are further propelling market growth, making these devices more appealing to consumers.

Additionally, the expansion of the maritime industry, along with increased safety measures in commercial and industrial sectors, is contributing to the rising demand for PFDs. These factors, coupled with continuous innovation and the growing emphasis on personal safety, are ensuring a robust growth trajectory for the personal flotation devices market.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Offshore Life Jackets segment, which is expected to reach US$3.9 Billion by 2030 with a CAGR of a 4.6%. The Near-Shore Buoyant Vests segment is also set to grow at 5.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $2.0 Billion in 2023, and China, forecasted to grow at an impressive 7.8% CAGR to reach $2.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Personal Flotation Devices Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Personal Flotation Devices Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Personal Flotation Devices Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Bernhardt Apparatebau GmbH u. Co. (SECUMAR), Hansen Protection, International Safety Products, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 38 Featured):

• Bernhardt Apparatebau GmbH u. Co. (SECUMAR)
• Hansen Protection
• International Safety Products
• Johnson Outdoors Inc.
• Kokatat
• LALIZAS
• Mustang Survival ULC
• Survitec Group Limited
• The Coleman Company Inc.
• Viking Life-Saving Equipment A/S