Personal Floatation Devices Market Projected to Augment at a Notable CAGR during the Forecast Period until 2026 | Key Players are Survitec Group Linmited, The Coleman Company, Johnson Outdoors Inc., Mustang Survival ULC, Hansen Protection AS, etc.
Get Free Sample of Global Personal Floatation Devices Market Research Report Here - https://www.factmr.com/connectus/sample?flag=S&rep_id=740
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.
Innovation Key to Sustenance in the Highly Competitive Personal Floatation Device Landscape
In a bid to consolidate their position in the market, personal floatation device manufacturers are focusing on making incremental improvement to their product offerings.
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.
Johnson Outdoors, the company behind the brand Old Town brand announced in 2017 that it will be expanding into the popular day touring kayak category. The day touring kayaks will be offered to fit paddler shapes, sizes, and performance levels.
Mustang Survival unveiled the Khimera™ Personal Flotation Device, a PFD that offers enhanced buoyancy in lightweight and low profile shape. The company has claimed that the PFD offers 30% more buoyancy as compared to the traditional foam PFDs.
Learn More about Global Personal Floatation Devices Market Research Report Here - https://www.factmr.com/report/740/personal-floatation-devices-market
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 Content:
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
Buy Hassle Free Global Personal Floatation Devices Market Research Report Here - https://www.factmr.com/checkout/740/S
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized 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.
11140 Rockville Pike
Rockville, MD 20852
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Personal Floatation Devices Market Projected to Augment at a Notable CAGR during the Forecast Period until 2026 | Key Players are Survitec Group Linmited, The Coleman Company, Johnson Outdoors Inc., Mustang Survival ULC, Hansen Protection AS, etc. here
News-ID: 1299863 • Views: 1261
More Releases from Fact.MR
Increasing Commuter Preference for Shared Taxi Will Boost the Demand for Minibus …
Global value for the minibus market reached ~ US$ 8.3 Bn in 2018, as disclosed by the new research study by Fact.MR. According to the report, the minibus market is predicted to grow by CAGR of ~3.7% in the forecast period, primarily influenced by prominent players investing in manufacturing operations in the global minibus market landscape. According to the research, an increasing center of attention on new developments and the demand
Ergonomic Designs of Furniture and a Favourable Policy Framework for Newer Entra …
The global office furniture market is expected to create ~ US$ 22 Billion worth of incremental opportunity over the forecast period. Since the last two decades, the number of small, micro, and medium-sized enterprises has increased drastically in developed and developing countries. Moreover, constant provision from private investments and governments is fueling the growth of the private sector, which is further propelling the office furniture market growth to a great
Cyclopentane Market Statistics Based on Upcoming Chemical Industry Trends and Su …
The adoption of cyclopentane in commercial refrigerators has opened up new opportunities for the global cyclopentane market. Cyclopentane is popularly used as a foam blowing agent for polyurethane foams that are used to insulate freezers and refrigerators. The commercial refrigerator sector is experiencing a healthy growth across the globe, with Asia pacific region as the fastest growing region. The importance of commercial refrigerators is also increasing due to fluctuating climatic
Advanced Technologies in Blow Molded Containers Market Will Offer Lucrative Grow …
The global food & beverage industry accounts for the lion’s share in the blow molded containers market. The industry has shown fast pace growth in the recent years owing to rise in population and increase in per capita consumer spending, thereby driving expansion in the blow molded containers market. Concerning revenue, the global blow molded containers market is projected to expand at a CAGR of ~ 6% during the forecast
More Releases for Personal
Personal Protective Equipment (PPE)
Personal Protective Equipment (PPE) Market research report examines adoption trends, future growth potentials, key drivers, competitive outlook, restraints, opportunities, key challenges, Personal Protective Equipment (PPE) industry ecosystem, and revenue chain analysis. This report presents a detailed analysis, market sizing, and forecasting for the emerging segment within the Personal Protective Equipment (PPE) market. The report is thoroughly segmented by product type, application, vertical, and region. The points that are discussed within
Personal Car Renting Business
The Car Rental sector has been there in the top list now for around a decade because the global economies are emerging and purchasing power of the people is increasing. The global car rental sector became an important part of the economy due to the introduction of the new concepts of doing the business-like personal car on rent service, outstation car renting, a car with and or without driver renting,
Personal Services Market
Personal Services Market Global Briefing 2017 Personal Services market global briefing provides strategists, marketers and senior management with the critical information they need to assess the global personal services sector. Reasons to Purchase: • Outperform competitors using accurate up to date demand-side dynamics information. Identify growth segments for investment. • Facilitate decision making on the basis of historic and forecast data and the drivers and restraints on the market. • Develop strategies based on likely future developments. • Suitable for
Personal Care Appliances in China
Latest Report on Personal Care Appliances in China The growing pursuit of personal well-being, alongside increasing purchasing power, is fuelling demand for personal care appliances, with volume sales rising by a strong 6% in 2016. However, due to rising product penetration, growth is now slowing, with the economic downturn also having a negative impact on sales. Personal Care Appliances in China report offers a comprehensive guide to the size and shape of
Baby Personal Care Market
Monitoring the production of goods used for caretaking of babies becomes hypercritical in the premise of rising incidence of infections among infants. Owing to concerns about the potential health impact of chemicals in baby personal care products, manufacturers are scampering to include organic ingredients in their offerings. Authorities regulating the production of baby personal care products continue to adopt new techniques for eliminating the presence of harmful ingredients. In the
Personal Loan at loanbaba.com
If you give out a lot of repayments from monthly income, getting loans can be burdensome. This is why some cannot obtain one. However, for meeting main expenses, a personal loan is a smart tool. There is an application process that you have to follow to get the loan approved, especially if you do not possess a hard proof about your ability to pay. Importance of a Good Credit Score If you