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Global Life Jacket Market 2016-2020

Global Life Jacket Market 2016-2020

About Life Jacket

The global life jacket market is driven by a demand from coast guards and government marine agencies globally. Recreation is another key end-user segment, which demands life jacket for activities such as water skiing, fishing, and boating. Strong demand from APAC and European countries contribute significantly to market growth.

Technavio’s analysts forecast the global life jacket market to grow at a CAGR of 4.64% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global life jacket market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of life jackets at the manufacturer level.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Life Jacket Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Survitec
  • International Safety Products
  • VIKING Life-Saving Equipment
Other prominent vendors
  • Marine Safety Products
  • Aqua Life
  • Hansen Protection
  • H3O Water Sports
  • Johnson Outdoors
  • Kent Sporting Goods
  • Mustang Survival
  • Stormy Lifejackets
  • SECUMAR
  • Spinlock
  • SeaSafe Systems
  • The Coleman Company
Market driver
  • Growth in boating industry.
  • For a full, detailed list, view our report
Market challenge
  • Need for frequent maintenance.
  • For a full, detailed list, view our report
Market trend
  • Focus on lightweight and streamlined life jackets.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Life Jacket Market 2016-2020

Technavio recognizes the following companies as the key players in the global life jacket market: Survitec, International Safety Products, and VIKING Life-Saving Equipment.

Other Prominent Vendors in the market are: Marine Safety Products, Aqua Life, Hansen Protection, H3O Water Sports, Johnson Outdoors, Kent Sporting Goods, Mustang Survival, Stormy Lifejackets, SECUMAR, Spinlock, SeaSafe Systems, and The Coleman Company.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is focus on light weight and streamlined life jackets. Most life jackets are uncomfortable to the wearer because of their design and weight. Lifejacket offers various range of buoyancy in Newtons such as 50N, 275N, and 100N. These are the flotation capacity expressed in Newtons which is a unit of force. A pound equals to 4.4484 Newtons and with respect to life jackets it is the buoyant force that a jacket produces. A level 50 type of life jacket offers 11.24 pounds of buoyancy and are suitable for swimmers. There is a significant difference change in the buoyancy level offered by vendors in the market. Vendors are constantly focusing on developing lightweight life jackets.”

According to the report, one driver in the market is demand from coast guards. Life jackets have been widely used by the outdoor recreation industry and coast guards globally. The responsibilities of coast guards include search and rescue, safety of vessels, border control, maintenance of seamarks, and enforcement of maritime law. These jobs require a proper protection of personnel with all the necessary gears as they work in environments with a high risk of fatalities and accidents. Therefore, personal flotation devices are mandatory for coastguards. Coastguards use all types of life jackets such as off-shore life jackets, near shore life jackets, inflatable life jackets, and special use life jackets. These life jackets are accessible to them in their boats and near places of work and consist of additional features such as emergency lights and whistles.

Further, the report states that one challenge in the market is need for frequent maintenance. Periodic inspection of life jackets is crucial to avoid fatal accidents that can occur because of leaks, fabric degradation, or inadequately installed CO₂ cylinder. The most common cause of life jacket failure is the use of inflation canisters beyond their expiry dates. Also, fabrics used to make life jackets shrink or lose their efficiency with use. In addition, compression strength of foam can also impact the performance of the foam used in life jackets.



Companies Mentioned

Survitec, International Safety Products, VIKING Life-Saving Equipment, Marine Safety Products, Aqua Life, Hansen Protection, H3O Water Sports, Johnson Outdoors, Kent Sporting Goods, Mustang Survival, Stormy Lifejackets, SECUMAR, Spinlock, SeaSafe Systems, The Coleman Company.

  • Executive summary
    • Highlights
      • Table Growth of automatic inflatable life jacket market 2015-2020
  • Scope of the report
    • Market overview
    • Vendor segmentation
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Global life jacket market
    • Overview
      • Table Types of life jackets
      • Table Requirements for optimizing life jackets
    • Market size and forecast by revenue
      • Table Global life jacket market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-users
    • Overview
      • Table Global life jacket market by end-users
      • Table Global life jacket market by end-users 2015
      • Table Global life jacket market by end-users 2020
    • Global life jacket market by industrial and commercial end-users
      • Table Global crude oil production 2005 and 2015 (billions of barrels)
      • Table Global life jacket market for industrial and commercial end-users 2015-2020 ($ billions)
    • Global life jacket market by recreational end-users
      • Table Global life jacket market by recreational end-users 2015-2020 ($ billions)
  • Market segmentation by type of product
    • Overview
      • Table Global life jacket market by type of product
      • Table Global life jacket market by type of product 2015
      • Table Global life jacket market by type of product 2020
    • Global inherent life jacket market
      • Table Advantages of inherent life jackets
      • Table Global inherent life jacket market 2015-2020 ($ billions)
    • Global inflatable life jacket market
      • Table Global inflatable life jacket market 2015-2020 ($ millions)
    • Segmentation summary
      • Table Global life jacket by type of product: Segmentation summary 2015-2020 ($ millions)
  • Geographical segmentation
    • Overview
      • Table Global life jacket market by geography 2015
      • Table Global life jacket market by geography 2020
    • Life jacket market in North America
      • Table Increase/decrease in accidents by recreational boating in US 2014-2015
      • Table Life jacket market in North America 2015-2020 ($ millions)
    • Life jacket market in Europe
      • Table Share of deaths due to drowning in UK by region 2015
      • Table Life jacket market in Europe 2015-2020 ($ millions)
    • Life jacket market in APAC
      • Table Life jacket market in APAC 2015-2020 ($ millions)
    • Life jacket market in ROW
      • Table Life jacket market in ROW 2015-2020 ($ millions)
  • Market drivers
    • Table Annual sales of various boats in US 2014-2015
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Causes for life jacket failure
    • Table Examples of life jacket features specific to water activities
    • Table Inflatable life jacket: Inspection steps
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Advantages and disadvantages of light weight life jacket
    • Table Vendors offering inflatable life jacket
    • Table Advantages of Inflatable life jackets over traditional life jackets
  • Vendor landscape
    • Competitive scenario
      • Table Global life jacket market: Key vendor ranking 2015
    • Other prominent vendors
      • Table Other prominent vendors and description
  • Key vendor analysis
    • Survitec Group
      • Table Survitec: Business segments 2015
    • International Safety Products
      • Table International Safety Products: Product segmentation 2015
    • VIKING Life-Saving Equipment
      • Table VIKINGVIKING Life-Saving Equipment: Product segmentation 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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