Global Life Jacket Markets to 2023 - Growing Popularity of Water Sports Tourism is Augmenting Growth

Dublin, Dec. 06, 2018 (GLOBE NEWSWIRE) -- The "Global Life Jacket Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The life jacket market will register a CAGR of close to 6% by 2023.

Increased Emphasis on Streamlined & Lightweight Life Jackets to Gain Traction


Most life jackets are uncomfortable to the users because of their design and bulkiness. These products offer different ranges of buoyancy such as 50 N, 275 N, and 100 N. These are the floatation capacities expressed in Newtons, and with respect to life jackets, it is the buoyant force that a jacket produces.

Growing Popularity of Water Sports Tourism

With the growing water sports tourism industry, the demand for required equipment, such as life jackets, has increased significantly. The participation in sports such as water polo, surfing, wakeboarding, jet skiing, kayaking, boating, river rafting and river boarding has increased globally.

Frequent Need for Maintenance of Life Jackets

Inspection of life jackets on regular intervals is necessary to avoid last minute hassles or fatal accidents, which occur owing to leaks, fabric degradation, or inadequately installed CO2 cylinders. One of the most common reasons for poor failure of life jackets is the use of expired inflation canisters.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including International Safety Products and Johnson Outdoors, the competitive environment is quite intense. Factors such as the increased emphasis on streamlined and lightweight life jackets and advent of shirt-based life jackets, will provide considerable growth opportunities to life jacket manufactures.

With the presence of a considerable number of companies, this market appears to be fragmented. The market competitors are focusing on better designs in terms of extra-large armholes, well-fitted products, and added pockets. Many international and regional life jacket manufacturers are vying for their share of the market, and players must differentiate themselves to gain vital traction over their peers.


Key Players

• International Safety Products
• Johnson Outdoors
• Survitec Group
• The Coleman Company
• VIKING Life-Saving Equipment

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

• Market segmentation by product
• Comparison by product
• Inherent - Market size and forecast 2018-2023
• Inflatable - Market size and forecast 2018-2023
• Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER

• Market segmentation by end-user
• Comparison by end-user
• Commercial operators - Market size and forecast 2018-2023
• Professional users - Market size and forecast 2018-2023
• Swift water rescue users - Market size and forecast 2018-2023
• Market opportunity by end-user

PART 09: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• Americas - Market size and forecast 2018-2023
• EMEA - Market size and forecast 2018-2023
• APAC - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

• Market drivers
• Other prominent drivers
• Market challenges
• Other prominent challenges
• Impact of drivers and challenges

PART 12: MARKET TRENDS

• Expanding water sports infrastructure for a better experience
• Advent of shirt-based life jackets
• Increased emphasis on streamlined and lightweight life jackets
• Other prominent trends

PART 13: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 14: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• International Safety Products
• Johnson Outdoors
• Survitec Group
• The Coleman Company
• VIKING Life-Saving Equipment

For more information about this report visit https://www.researchandmarkets.com/research/7lzp2r/global_life?w=12

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