Press release
Japan life Jacket Market 2022 Applications, SWOT Analysis, Remarkable Growth and Competitive Landscape by 2027 | Fujikura Composites Inc., Survitec Group, Tailwalk
Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.
The Japan Life Jacket Market size will grow from US$ 131.1 million in 2021 to US$ 184.5 million by 2027, registering a tremendous compound annual growth rate (CAGR) of 5.9% during the forecast period 2022 to 2027.
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Regional Analysis:
The United States garnered the highest share in the consumer goods sector, followed by China, India, Indonesia, Brazil, Mexico, and other developed and developing countries, and are forecast to have substantial growth over the upcoming years.
In 2020, China held dominance in the online retail sales sector. As the contactless economy grew in response to the COVID-19 epidemic, the country's e-commerce advantage grew further as digital services like remote education and healthcare became more accessible and new sales channels became essential. The rise in living conditions among Chinese consumers led to a shift toward development-oriented consumption rather than necessity-based purchasing. As a result, life services have swiftly become popular among consumers.
COVID-19 Impact
The COVID-19 pandemic changed how people buy and wreaked havoc on the market. Cleaning supplies, shelf-stable food, beverages, and toilet paper became scarce in certain nations. Furthermore, the function of sustainability is becoming increasingly important in the consumer goods sector; there is a growing desire for more sustainable and ethically manufactured products across the board.
However, the industry's fundamentals and stock market performance have deteriorated. In terms of economic profit contribution, several players began to pull ahead of the pack. The US market before COVID-19, for example, is instructive. In the United States, specific brands (with more than $750 million in revenue) lost volume at a pace of 1.5%. Small brands increased by 1.7%, while private labels increased by 4.3%.
Major Key Players in the Japan life Jacket Market are:
Takashina Life Preservers Co. Ltd.
Mitsui O.S.K. Lines Ltd.
Fujikura Composites Inc.
K.K. Igarashi
Fuji Trading Co. Ltd.
Kobe Tonghin Pte Ltd.
International Safety Products
VIKING Life-Saving Equipment A/S
The Coleman Company
Fujikura Composites Inc.
Survitec Group
Tailwalk
Nippon Tansan Gas Co. Ltd.
Maritime Progress Ltd.
Segmental Analysis:
The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Japan Life Jacket Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.
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Segmentation Overview
By Type
Inherent
Inflatable
By Technology
Regular
Smart Life Jackets
By Size
Adult
X Small
Small
Medium
Large
X Large
Kids
Youth
Child
Infant
By Material Type
Foam
Nylon
Plastic
By Application
Water Sports
Day Sailing
Fishing
Offshore Sail
Offshore Power
Paddle sports
Commercial Vessels
Airlines
Search & Rescue
By Distribution Channel
Hypermarket/ Supermarket
Departmental Stores
Online Retail
Sport Stores
Others
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