openPR Logo
Press release

Life Jacket Market Size is Expected to Reach $1.8 Billion by 2031 | Key Player - Kent Safety Products, Jiangsu Baizhou Safety Technology Co., Ltd.

11-24-2022 09:11 AM CET | Sports

Press release from: Allied Market Research

Life Jacket Market Size is Expected to Reach $1.8 Billion by 2031 |

The increase in demand for life jacket and increase surge in purchasing power of the people will are anticipated to drive the growth of the life jacket market during the forecast period. The factors such as growth in e-commerce sales will are expected to provide lucrative opportunities to the life jacket market.

According to the report published by Allied Market Research, the global life jacket market generated $1.0 billion in 2021, and is expected to reach $1.8 billion by 2031, witnessing a CAGR of 6.1% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Download Sample Copy of Report @ https://www.alliedmarketresearch.com/request-sample/10533

Surge in participation in adventure water sports and usage in military & safety operations drive the growth of the global life jacket market. However, high cost of life jackets restrains the market growth. On the other hand, stringent government rules & regulations and development of life jackets with high-quality material, durability, and comfort create new opportunities in the coming years.

According to the insights of CXOs of leading companies, life jacket are essential safety jackets that may be worn in any activities as well as safety operations. There are several different varieties of life jacket on the market, which are classified primarily by their fastening and the type of material such as nylon, synthetic and other niche material including polyethene, PVC and neoprene. The product launches and customer-friendly developments in this sector, as well as safety, durability, are driving the global life jacket market. The market has grown as disposable income has increased and generation Z, millennial, generation X have been more interested in adventures activities. In addition, the need for convenient and comfortable jackets has fueled the market growth.

Some of the most well-known manufacturers are found in North America, Europe, and Asia-Pacific. As a result, the life jacket market is predicted to grow in these regions. Because of the rising demand for adventures sports, the global life jacket market is one of the most promising divisions of the adventure tourism industry. With Asia-Pacific rising as the fastest-growing area, particularly China, which is a significant exporter of jacket to Europe and North America, Europe is predicted to grow with the largest market share in the life jacket market.

Covid-19 Scenario:

Production activities of life jackets stopped completely or partially due to lockdown restrictions imposed by governments in many countries. In addition, shortage of raw materials and disruptions in the supply chain put a stop on production processes.

Moreover, the ban on water sports activities and swimming pools led to reduced demand for life jackets. This impacted the overall revenue of the market. However, the demand will grow gradually post-pandemic as outdoor water activities and sports begin.

Get detailed COVID-19 impact analysis on the Life Jacket Market Share: https://www.alliedmarketresearch.com/request-for-customization/10533?reqfor=covid

The report offers detailed segmentation of the global life jacket market based on material, end use, type, and region.

Based on type, the non-inflatable segment held the largest share in 2021, accounting for around three-fourths of the global life jacket market, and is estimated to maintain its lead position by 2031. Moreover, this segment is estimated to witness the fastest CAGR of 6.3% during the forecast period. The report also discusses the segments including inflatable and hybrid.

Based on material, the nylon segment contributed to the highest share in 2021, accounting for more than half of the total life jacket market share, and is estimated to maintain its dominant share by 2031. Moreover, this segment is projected to manifest the highest CAGR of 6.4% from 2022 to 2031. The research also analyzes the segments including polyester and others.

Based on region, Europe accounted for the highest share in 2021, contributing to around one-third of the total market share, and is projected to continue its leadership status by 2031. However, Asia-Pacific is projected to portray the fastest CAGR of 6.9% during the forecast period.

Leading players of the global life jacket market analyzed in the research include Dongguan Bestway Sports Goods Co., Ltd., Grand Ocean Marine Co., Ltd., Ganesh Manufacturing, Kent Safety Products, Jiangsu Baizhou Safety Technology Co., Ltd., Onyx Outdoor, Majestic Marine & Engineering Services, SHM, SeaSafe Systems Ltd, and Stormy Lifejackets Pty Ltd.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business: https://www.alliedmarketresearch.com/purchase-enquiry/10533

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Life Jacket Market Size is Expected to Reach $1.8 Billion by 2031 | Key Player - Kent Safety Products, Jiangsu Baizhou Safety Technology Co., Ltd. here

News-ID: 2819666 • Views: 424

More Releases from Allied Market Research

Cartilage Repair Market Growth, Application, Technology Advancement, Forecast | …
According to a new report published by Allied Market Research, titled, "Cartilage Repair Market by Modality, Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global market was valued at $713 million in 2017, and is projected to reach $2,195 million by 2025, growing at a CAGR of 15.0% from 2018 to 2025. North America is anticipated to be the highest revenue contributor throughout the forecast
Photomedicine Market | Current Trends, Opportunities and Growth Drivers Along wi …
The "Photomedicine Market," size was valued at $4,047.64 million in 2020, and is estimated to reach $7.5 Billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. Photomedicine is a branch of medicine that includes the study of light and its application to treatment and diagnosis. Various medical imaging technologies, such as lasers, fluorescent lamps, and polychromatic polarized light, are used for various diagnostic and therapeutic purposes.
Syphilis Testing Market 2030 | New Research and Innovation are Being Opened by T …
According to a new report published by Allied Market Research, titled, "Syphilis Testing Market," The syphilis testing market was valued at $1.1 billion in 2020, and is estimated to reach $1.9 billion by 2030, growing at a CAGR of 5.6% from 2021 to 2030. The main factors driving the growth of the Syphilis Test market are increasing prevalence of this sexually transmitted disease and advancement in technology. Additionally, improved healthcare facilities,
Luxury Apparels Market Growing At a CAGR of 11.1% From 2022 to 2031, is Projecte …
According to a new report published by Allied Market Research, titled, "Luxury Apparels Market by Application, Sales Channel, and Age Group: Global Opportunity Analysis and Industry Forecast, 2022-2031". The global luxury apparels market size was valued at $71,040.0 million in 2020, and is projected to reach $278,181.5 million by 2031, registering a CAGR of 11.1% from 2022 to 2031. Access Full Summary: https://www.alliedmarketresearch.com/luxury-apparels-market Rise in penetration of various online portals in developing

All 5 Releases


More Releases for Life

Russia Life Insurance Market to Eyewitness Massive Growth by 2026 | Renaissance …
A new research document is added in HTF MI database of 74 pages, titled as 'Russia Life Insurance - Key Trends and Opportunities to 2025' with detailed analysis, Competitive landscape, forecast and strategies. Latest analysis highlights high growth emerging players and leaders by market share that are currently attracting exceptional attention. The identification of hot and emerging players is completed by profiling 50+ Industry players; some of the profiled
Life Insurance Market is Booming Worldwide | Sumitomo Life Insurance, Nippon Lif …
HTF MI recently added Global Life Insurance Market Study that gives deep analysis of current scenario of the Market size, demand, growth, trends, and forecast. Revenue for Life Insurance Market has grown substantially over the five years to 2019 as a result of strengthening macroeconomic conditions and healthier demand, however with current economic slowdown and Face-off with COVID-19 Industry Players are seeing Big Impact in operations and identifying ways to
Online Life Insurance Market Swot Analysis by Key Players Nippon Life Insurance, …
Global Online Life Insurance Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Online
Life Insurance Market Next Big Thing with Major Giants HDFC Life Insurance, SBI …
A new business intelligence report released by HTF MI with title "Life Insurance Market in India 2019" is designed covering micro level of analysis by manufacturers and key business segments. The Life Insurance Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some of
Life Insurance Market to Witness Massive Growth| Allan Gray Life, Coronation Lif …
HTF Market Intelligence released a new research report of 35 pages on title 'Strategic Market Intelligence: Life Insurance in South Africa - Key Trends and Opportunities to 2022' with detailed analysis, forecast and strategies. The study covers key regions and important players such as Allan Gray Life, Coronation Life Assurance, Sygnia Life etc. Request a sample report @ https://www.htfmarketreport.com/sample-report/1854964-strategic-market-intelligence-38 Summary The ""Strategic Market Intelligence: Life Insurance in South Africa - Key Trends
Global Life Jackets & Life Vests Market Research
Global Life Jackets & Life Vests Market Research Suffocating remains an essential reason for lethal passings everywhere throughout the world. In the course of recent decades, there has been little change in the yearly suffocating rate with huge recreational sailing suffocating passings. For example, around 459 individuals suffocated in the U.S. amid recreational drifting events in 2012 and relatively 85% of these individuals were not wearing an actual existence coat.