08-10-2018 02:16 PM CET - Sports
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Personal Floatation Devices Market Report Based on Size, Share, Trends and Growth Opportunity through 2018-2028

Press release from: Fact.MR

The report offers a qualitative and quantitative analysis to give readers a 360 degree view on the market. The market forecast has been offered on the basis of US Mn. The qualitative analysis section of the report studies the macroeconomic, microeconomic, and industry-specific factors that are impacting this market. Holistic insights on the key drivers, restraints, opportunities, and threats impacting the market have been covered in detail in the report. The report offers segment-wise analysis and insights on the personal floatation devices market to offer readers clear and accurate insights. The report has segmented the market on the basis of product type, end use, sales channel, end users, buyer types, and region.

FactMR study offers a 10-year forecast on the Personal Floatation Devices Market for the period 2018-2028. The comprehensive and holistic study on the personal floatation devices market studies the personal floatation devices market in detail, and offers comprehensive analysis on the key factors that are likely to influence the market during the assessment period.

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The personal floatation devices market continues to be influenced by a range of broader and industry-specific factors. Government regulations mandating the use of personal floatation devices on all vessels have been instrumental in promoting use among end-users. According to United States Coast Guard’s annual report, ‘Recreational Boating Statistics’, 80% of 701 deaths in the US in 2016 were on account of drowning – a staggering 83% of victims who drowned were not wearing a life jacket. Considering the fact that using a personal floatation device can significantly reduce the number of drowning fatalities, government and ombudsmen are working on making it mandatory for players to boost growth.

Demand has also witnessed an increase on account of increasing participation in recreation boating. While recreational boating has traditionally remained the biggest draw for manufacturers, sustained demand from oil & gas, and naval industry has also created sustained opportunities for manufacturers.
Sunshine Innovation announced the launch of its multi-use floatation device, which can also be used by people with personal disabilities. Sensing the gaps in the market for people with personal disabilities, Sunshine Innovations’ Float'n & Boat'n Thang® is targeting at helping everyone enjoy floating.
Survitech has broadened its lifeboat inspection programme by adding XD Quick Release Belt and Atacama Pro drysuit. These products are aimed at boosting the safety of emergency service personnel during flood rescue operations. These products can help rescue teams with the option of opting for inflatable lifejackets as their personal floatation device of choice.
‘OneUp’ floatation device promises next level of automation, as it has the provision of automatic inflation upon contact with water, owing to the use of replaceable CO2 cartridge. The inflation time for ‘OneUp’ floatation devices has been kept at two seconds, to ensure users get immediate assistance.
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Use of personal floatation devices is mandatory for both adults and kids, however, in spite of effective regulation, implementation has been lax in many countries. Many developing countries have adequate laws in place that mandate the use of personal floatation devices, however, in view of lax implementation, penetration has remained moderate. The personal floatation devices market can witness robust growth in developing countries in Asia Pacific and Latin America if regulations and mandates on boating recreation are strictly implemented. The growing pervasiveness and popularity of e-commerce as a sales channel can help manufacturers in reaching last mile consumers in tier II and suburban areas.

Table of Contents

Executive Summary
1.1. Summarizing Key Findings

1.2. Wheel of Fortune

1.3. Opportunity Assessment

1.4. Mega Trends

Global Personal Flotation Device Market Introduction
Global Personal Flotation Device Industry Overview
3.1. Global Personal Flotation Device Market  Value (US$ Mn) Forecast and Analysis

3.2. Forecast Factors and Relevance of Impact

3.3. Supply Chain Analysis and Operating Margins

3.4. Market Dynamics

3.5. PEST Analysis

3.6. Pricing Analysis by Region

3.7. Opportunity Analysis

3.8. Investment Feasibility Analysis

3.9. Market Players Competition Matrix

3.10. Key Players Market Presence (Intensity Map) by Regions

Global Personal Flotation Device Market Historical Analysis 2013-2017 and Forecast 2018-2028, By Product Type
4.1. Revenue (US$ Mn), 2018-2028

4.2. Market Share Comparison

4.3. Y-o-Y growth Comparison

Continued……………………………………………..

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About FactMR

FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized global market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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This release was published on openPR.
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