Floating Jacket Market is Estimated to Reach USD 1.8 billion by 2031: Cognitive Market Research

Market Overviews:
- A Floating Jacket is a sleeveless inflatable jacket that is used to keep a person afloat when they are at risk of drowning. They help the users to turn up the face position and keep their mouth and nose out of the water to prevent drowning

Summary:
- The Floating Jacket Market is expected to grow from USD 1.8 billion in 2021 to USD 1.8 billion by 2031, at a CAGR of 6.1%. The demand for floating jackets has been growing in recent years with the growing incidence of drowning and rising water sports activities.

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Market Dynamics
- Rising drowning cases drive the growth of the floating jacket market. According to the World Health Organization, drowning is the world's third-highest cause of unintentional injury mortality, accounting for 7% of all injury-related deaths. Annual drowning deaths are estimated to be 236 000 globally. Children, men, and anybody with easy access to water are the most vulnerable to drowning.
However, the frequent need for the maintenance of floating jackets can hamper the growth of the market as floating jackets wear out after constant use. Nevertheless, rising water sport activities is expected to provide enormous opportunities for the growth of the market.

Market Segmentation:
- Type
• Non-inflatable
• Inflatable
Based on the type of inflatable floating jackets are more popular as they can cover more situations than other life jackets would.

- Application
• Industrial
• Commercial
• Recreational
Based on the application, the commercial segment dominated the floating jacket market as several commercial organization plans water events, sports, competitions, and other activities.

- Major Players in Floating Jacket Market are: Baltic, Mullion Survival Technology, Regatta, Stearns, Stormy, Vade Retro.

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Regional Analysis:
- Geographically, the global Floating Jacket market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. North America dominates the floating jacket market owing to the rising popularity of water sports across the region. Similarly, coupled with rising disposable income and international tourism, there is high demand for floating jackets has been observed in the region.

News:
- In July 2018, The White Lake region will soon have a facility where boaters may borrow life jackets. The Montague Municipal Boat Launch & Fish Cleaning Station, situated at 8500 Ramp Road, will have a life jacket loaner station due to a collaboration between the White Lake Association and the Sea Tow Foundation. Beginning in mid-July, the station will provide free life jackets for boats in the region to borrow. The coats will be available in sizes ranging from newborn to adult extra-large.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Floating Jacket Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
• 3.1 Global Floating Jacket Market Size 2018 - 2030, (USD Million)
• 3.2 Global Floating Jacket Market: Snapshot
Chapter 4 Global Floating Jacket Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Floating Jacket Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Floating Jacket Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Floating Jacket Market by End User Segmentation Analysis (2018-2030)
Chapter 11 Global Floating Jacket Market Regional Analysis
Chapter 12 North America Floating Jacket Market Outlook (2018 - 2030)
Chapter 13 Europe Floating Jacket Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Floating Jacket Market Outlook (2018 - 2030)
Chapter 15 Latin America Floating Jacket Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Floating Jacket Market Outlook (2018 - 2030)
Chapter 17 Research Findings
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
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