Latest News- Life Jacket Market: Commercial operators is expected to lead the End-user segment during 2025-2029

The Life Jacket Market is being driven by Growing popularity of water sports tourism

The Life Jacket Market is expected to grow at a CAGR of 9.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1774.4 million. The recreational water sports industry is experiencing significant growth, presenting a lucrative business opportunity for coastal cities and regions with water bodies. With water sports being labor-intensive, this sector generates stable employment opportunities. However, many small, fragmented water sports businesses lack the necessary investments for expansion. To address this issue, initiatives like the Facilities for the Water Sports Industry (FAWI) project have been introduced in Europe, aiming to enhance facilities and foster the proper growth of the water sports industry on a global scale. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Commercial operators
  • Professional users
  • Swift water rescue users
• Product
  • Inherent
  • Inflatable
• Material
  • Nylon
  • Polyester
  • Others
• Distribution Channel
  • Offline
  • Online
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing popularity of water sports tourism
• Increased demand for life jackets
• Rising awareness about multiple advantages of water sporting activities

However, the market also witnesses some limitations, which are as follows:

• Frequent need for maintenance of life jackets
• Unfavorable weather conditions
• Low product penetration in developing countries

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Market Scope in Life Jacket Market Research Report

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Research Analysis Overview

The Life Jacket Market encompasses various types of Personal Flotation Devices (PFDs) including Inflatable, Foam, and Hybrid models. Features such as Automatic Inflation and Manual Inflation are offered, with Re-arming Kits, Reflective Tape, and Strapping Systems ensuring safety and comfort. Buoyancy Aids come in Vest-style, Kayak, Fishing, Sailing, Whitewater, Work Vest, Infant, Child, Adult, Dog versions for diverse water activities. Applications span Recreational Boating, Commercial Marine, Offshore Work, Military, Personal Watercraft, Cruise Lines, Oil Rigs, Search and Rescue, and Aquatic Sports. CO2 Cartridge Technology, Hydrostatic Release, Oral Inflation, LED Lights, Self-righting Capability, Integrated Harnesses, Hypothermia Protection, Ergonomic Design, Lightweight Materials, Smart PFDs, and Wearable Technology are advanced features enhancing user experience.

Market Research Overview

The global leisure products market, a segment of the larger household durables industry, encompasses various categories such as sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-focused games. According to Technavio's market analysis, the household durables market size is determined by the collective revenue generated by manufacturers of household durables, which include consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. The expansion of this market will be fueled by several key factors, including the surge in health and fitness club memberships. With membership numbers on the rise over the past decade, the health and fitness industry presents a significant growth opportunity. Consequently, the number of health and fitness clubs is also expanding at a rapid pace, driving demand for leisure products such as inflatable life jackets, foam life jackets, personal floatation devices, and life vests.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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