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Global Life Jacket Market 2019-2023

Global Life Jacket Market 2019-2023

About this market

Increased emphasis on streamlined and lightweight life jackets to gain traction in the market. 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. Technavio’s analysts have predicted that the life jacket market will register a CAGR of close to 6% by 2023.

Market Overview

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.

For the detailed list of factors that will drive and challenge the growth of the life jacket market during the 2019-2023, view our report.

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. International Safety Products, The Coleman Company, VIKING Life-Saving Equipment, Johnson Outdoors, and Survitec Group are some of the major companies covered in this report.

‘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.’


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Life Jacket Market 2019-2023

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

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increased emphasis on streamlined and lightweight life jackets.”

According to the report, one of the major drivers for this market is the growing popularity of water sports tourism.

Further, the report states that one of the major factors hindering the growth of this market is the frequent need for maintenance of life jackets.

Companies Mentioned

International Safety Products

Johnson Outdoors

Survitec Group

The Coleman Company

VIKING Life-Saving Equipment

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global water sports gear and equipment market
      • Table Segments of global water sports gear and equipment market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Inherent - Market size and forecast 2018-2023
      • Table Inherent - Market size and forecast 2018-2023 ($ millions)
      • Table Inherent - Year-over-year growth 2019-2023 (%)
    • Inflatable - Market size and forecast 2018-2023
      • Table Inflatable - Market size and forecast 2018-2023 ($ millions)
      • Table Inflatable - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Commercial operators - Market size and forecast 2018-2023
      • Table Commercial operators - Market size and forecast 2018-2023 ($ millions)
      • Table Commercial operators - Year-over-year growth 2019-2023 (%)
    • Professional users - Market size and forecast 2018-2023
      • Table Professional users - Market size and forecast 2018-2023 ($ millions)
      • Table Professional users - Year-over-year growth 2019-2023 (%)
    • Swift water rescue users - Market size and forecast 2018- 2023
      • Table Swift water rescue users - Market size and forecast 2018-2023 ($ millions)
      • Table Swift water rescue users - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
      • Table Top 3 countries in Americas
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
      • Table Top 3 countries in EMEA
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
      • Table Top 3 countries in APAC
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Other prominent drivers
    • Market challenges
    • Other prominent challenges
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges
  • 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
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • International Safety Products
      • Table International Safety Products - Vendor overview
      • Table International Safety Products - Product segments
      • Table International Safety Products - Key offerings
    • Johnson Outdoors
      • Table Johnson Outdoors - Vendor overview
      • Table Johnson Outdoors - Business segments
      • Table Johnson Outdoors - Geographic focus
      • Table Johnson Outdoors - Segment focus
      • Table Johnson Outdoors - Key offerings
    • Survitec Group
      • Table Survitec Group - Vendor overview
      • Table Survitec Group - Business segments
      • Table Survitec Group - Key offerings
    • The Coleman Company
      • Table The Coleman Company - Vendor overview
      • Table The Coleman Company - Business segments
      • Table The Coleman Company - Organizational developments
      • Table The Coleman Company - Key offerings
    • VIKING Life-Saving Equipment
      • Table VIKING Life-Saving Equipment - Vendor overview
      • Table VIKING Life-Saving Equipment - Business segments
      • Table VIKING Life-Saving Equipment - Organizational developments
      • Table VIKING Life-Saving Equipment - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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