Life Jackets Market Set to Reach US$ 1.53 Billion by 2028, with a CAGR of 8.3%

According to TechSci Research's "Global Life Jacket Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028" report, the market reached USD 1.53 billion in 2022, projecting an 8.3% CAGR during 2024-2028. As a vital component of water safety, life jackets (or personal flotation devices) offer buoyancy, essential for various water activities. With substantial growth driven by safety concerns, these devices are crucial for diverse water enthusiasts, providing a final defense against drowning during activities like boating, fishing, kayaking, and swimming.

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The rise in boating and yachting, especially in water-accessible regions, fuels the demand for life jackets. As a favored pastime and thriving industry, leisure boating propels market growth. Boaters recognize the necessity of approved life jackets, enhancing market expansion.
Technological advancements in life jacket design have been instrumental. Evolving from traditional to innovative models with features like automatic inflation, integrated harnesses, and enhanced comfort, they cater to consumer preferences. Inflatable life jackets, compact and comfortable, gain popularity for their buoyancy upon inflation, providing wearers greater mobility. These user-friendly advancements contribute to the appeal of life jackets.

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Market growth is influenced by the availability of specialized life jackets catering to diverse water activities. Tailored for specific needs in kayaking, sailing, fishing, and other sports, these life jackets address unique requirements. For instance, kayakers prefer models with higher backrests, accommodating their seats, while sailors opt for harness-equipped jackets for added safety in rough waters.
E-commerce plays a pivotal role in life jacket popularity. Online platforms facilitate easy exploration of options, reviews, and informed decision-making. This convenience broadens market accessibility, reaching consumers worldwide, even in remote areas.

Unlock Essential Insights: Discover the Key Takeaways for Actionable Information!
• Life Jacket Market is expected to grow at a CAGR of 8.3% during the forecast period.
• Life Jacket Market has a valuation of US$ 1.53 Billion as of 2028.
• North America currently holds the title of the largest Market for Life Jacket Market.
• The global life jacket market is the need for improved consumer awareness and education.
• In terms of type, the cages segment claims the top spot in Life Jacket Market share.
• When considering the sales channel, the portable Life Jacket Market retailers segment takes the lead in Market share.
• Focusing on the price range, the premium segment secures the highest Market share in the Life Jacket Market.

Competitive Landscape
TechSci Research provides a Global Life Jacket market report with customizable options based on the given market data. Customizations tailored to a company's specific needs include the following options:

Recent Developments
In August 2021, Viking Life-Saving Equipment launched the VIKING YouSafeTM Vanguard lifejacket for offshore crew protection. In December 2021, Mustang Survival Corp acquired Stearns' Government & Commercial Marine business, expanding their portfolio of life jackets and other life-saving equipment.

Major companies operating in Global Cosmetic Products Market are:
O'Neill, Kent Sporting Goods, Mustang Survival, DICK'S Sporting Goods, Survitec, The Coleman Company, VIKING Life-Saving Equipment, LALIZAS, SECUMAR, Johnson Outdoors By
Market Segmentation for Life Jacket Market Market:
• Life Jacket Market, By Type:
o Non-Inflatable
o Inflatable
o Hybrid
• Life Jacket Market, By Material:
o Nylon
o Polyester
o Others
• Life Jacket Market, By End Use:
o Water Sports
o Boating
o Military & Safety Operation
o Others
• Life Jacket Market, By Region:
o North America
 United States
 Canada
 Mexico
o Europe
 France
 United Kingdom
 Italy
 Germany
 Spain
o Asia-Pacific
 China
 India
 Japan
 Australia
 South Korea
o South America
 Brazil
 Argentina
 Colombia
o Middle East & Africa
 South Africa
 Saudi Arabia
 UAE
 Turkey
 Egypt
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Table of Content
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer
4.1. Factors Influencing Purchase Decision
4.2. Challenges Faced Post Purchase
4.3. Brand Awareness
5. Global Life Jacket Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type Market Share Analysis (Non-Inflatable, Inflatable, Hybrid)
5.2.2. By Material Market Share Analysis (Nylon, Polyester, Others)
5.2.3. By End Use Market Share Analysis (Water Sports, Boating, Military and Safety Operation, Others)
5.2.4. By Regional Market Share Analysis
5.2.4.1. North America Market Share Analysis
5.2.4.2. South America Market Share Analysis
5.2.4.3. Middle East & Africa Market Share Analysis
5.2.4.4. Europe Market Share Analysis
5.2.4.5. Asia-Pacific Market Share Analysis
5.2.5. By Top 5 Companies Market Share Analysis, Others (2022)
5.3. Global Life Jacket Market Mapping & Opportunity Assessment
5.3.1. By Type Market Mapping & Opportunity Assessment
5.3.2. By Material Market Mapping & Opportunity Assessment
5.3.3. By End Use Market Mapping & Opportunity Assessment
5.3.4. By Region Channel Market Mapping & Opportunity Assessment
6. North America Life Jacket Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type Market Share Analysis
6.2.2. By Material Market Share Analysis
6.2.3. By End Use Market Share Analysis
6.3. North America: Country Analysis
6.3.1. United States Life Jacket Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type Market Share Analysis
6.3.1.2.2. By Material Market Share Analysis
6.3.1.2.3. By End Use Market Share Analysis
6.3.2. Canada Life Jacket Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Type Market Share Analysis
6.3.2.2.2. By Material Market Share Analysis
6.3.2.2.3. By End Use Market Share Analysis
6.3.3. Mexico Life Jacket Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Type Market Share Analysis
6.3.3.2.2. By Material Market Share Analysis
6.3.3.2.3. By End Use Market Share Analysis

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