Global Personal Flotation Devices Market 2017-2021
About Personal Flotation Devices
Personal flotation devices (PFDs) refer to a wide range of safety equipment designed to assist a wearer to remain afloat in water. PFDs are available in various sizes and shapes corresponding to different body weight. PFDs include life jackets, life vests, life preservers, and several buoyancy aids such as ring buoys, horseshoe buoys, and flotation clothing, which are deployed in swimming pools, theme parks, and beaches.
Technavio’s analysts forecast the global personal flotation devices market to grow at a CAGR of 4.27% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global personal flotation devices market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Personal Flotation Devices Market 2017-2021
Technavio recognizes the following companies as the key players in the global personal flotation devices market: Mustang Survival, Astral, Survitec Group Limited, The Coleman Company, Kokatat, NRS (Northwest River Supplies), and MTI – Marine Technology.
Other Prominent Vendors in the market are: Aqua Lung International, Harmony, JimBuoy, ABSOLUTE OUTDOOR, O'Brien, Hansen Protection, Johnson Outdoors, Stormy Lifejackets, Spinlock, and SeaSafe Systems.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of Robot Life Preservers. Sea crossing could be extremely dangerous as unsafe and leaky boats tend to capsize or break apart in rough water. The coast guard is entrusted with several maritime duties, the most important being the rescue of boats that have capsized, broken down, or have run out of fuel.”
According to the report, one driver in the market is increasing focus on preventing marine fatalities. Marine fatalities in on the rise prompting an increased focus on preventing such accidental deaths. There is a wide range of PFDs available in the market, from traditional foam floatation devices to inflatable life jackets. PFDs are designed corresponding to a boating activity and water conditions with different performance level and limitations. For life jackets used for boating activity, USCG approved variants are highly recommended, which must be appropriate for the intended use.
Further, the report states that one challenge in the market is selection of right PFDs. PFDs are required to provide safety from drowning while participating in water sports. Hence, it must be ensured that PFDs are of the correct size and properly fastened to the wearer body, and the wearer should know how to operate them. In water sports activities such as jet skiing, windsurfing, canoeing, water skiing, and dinghy sailing the right size of PFDs provides confidence to the paddlers to enjoy the activities. There are several aspects for the classification of PFDs such as the type of activity they are designed to be used in and the distance of the activity from the shore.
Mustang Survival, Astral, Survitec Group Limited, The Coleman Company, Kokatat, NRS (Northwest River Supplies), MTI – Marine Technology, Aqua Lung International, Harmony, JimBuoy, ABSOLUTE OUTDOOR, O'Brien, Hansen Protection, Johnson Outdoors, Stormy Lifejackets, Spinlock, and SeaSafe Systems.
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