Global Personal Flotation Devices Market 2020-2024
Technavio has been monitoring the personal flotation devices market and it is poised to grow by $ 1.63 bn during 2020-2024 progressing at a CAGR of 5% during the forecast period. Our reports on personal flotation devices market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing popularity of water-based tourism and increasing focus on preventing marine fatalities. In addition, the growing popularity of water-based tourism is anticipated to boost the growth of the market as well.
The personal flotation devices market analysis includes product segments and geographic landscapes
Technavio's personal flotation devices market is segmented as below:
- Type I
- Type II
- Type III
- Type IV
- Type V
By Geographic Landscape
- North America
- South America
This study identifies the increasing participation in water sports and recreational activities as one of the prime reasons driving the personal flotation devices market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our personal flotation devices market covers the following areas:
- Personal flotation devices market sizing
- Personal flotation devices market forecast
- Personal flotation devices market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading personal flotation devices market vendors that include Astral Buoyancy Co., Hutchwilco Ltd., Johnson Outdoors Inc., Kent Water Sports LLC, Kokatat Inc., Marine Technologies International, Mustang Survival ULC, Newell Brands Inc., NRS Inc., and Survitec Group Ltd.. Also, the personal flotation devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.