Personal Flotation Devices Market, June 2021 Report On Growth 2021 Growing Rapidly with Recent Developments, Industry Share, Trends, Demand, Revenue, Key Findings and Latest Technology, Forecast Research Report 2030

In a recently published report, Personal Flotation Devices Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Personal Flotation Devices Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Global Personal Flotation Devices Market is valued approximately at USD 2.3 billion in 2018 and is anticipated to grow with a growth rate of more than 3.8% over the forecast period 2020-2026. A personal floatation devices (PFDs) or life vest are intended to be used as a support system for confirming safe floating over water. They are available in variety of shapes and sizes related to different body weight. It is a type of protective equipment, especially for safety while boating, water sports and for emergency conditions. These devices are light in weight and less compact than a lifejacket. Since they are usually filled with foam to keep people warm in water and heat is consistently dispersed around the body. These devices are also used to turn an unconscious person in the water to vertical or marginally reclining position.

Also, it is used for fast rescue operation owing to its lightweight attribute. Increasing focus on preventing marine fatalities, escalating demand from government marine agency and coast guards and growing number of water sport activities around the world are the few factors responsible for high CAGR of the market over the forecast period. According to the Insurance Information Institute (III), globally, there were around 1,163 people who died due to marine accidents in 2017 and caused $197 million in insured loss. This, in turn, is expected to accelerate the demand of personal flotation devices all over the world. However, lack of awareness related to types of use and weight limit, along with the incomprehensible performance rating are some major factors likely to hinder the growth of global personal flotation devices market over the forecast period.

The regional analysis of global Personal Flotation Devices Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing water recreational activities, along with the rising concerns towards the establishment of innovative technology in coastal surveillance in the region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period, due to increased coastal surveillance applications and security threats from sea routes across the region.

Major market player included in this report are:
Coleman Company Inc.
National Marine Manufacturers Association
Absolute Outdoor Inc.
Aqua Lung International
Kent Sporting Goods Co., Inc.
International Safety Products Ltd.
Hydrodynamic Industrial Co. Ltd
Johnson Outdoors Watercraft, Inc.
Erez Europe

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Offshore Lifejacket
Near-shore buoyant vest
Flotation Aid
Throw able device

By Application:
Passenger and aircraft crew
Commercial Vessel
Government & Military
Water Sporting

By Actuation:
Manually Activated
Automatically Activated

By End-User:
Aquaculture industry
Oil & Gas industry
Naval industry

By Region:
North America
Asia Pacific
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Personal Flotation Devices Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Personal Flotation Devices Market, by Product Type, 2017-2026 (USD Billion)
1.2.2. Personal Flotation Devices Market, by Application, 2017-2026 (USD Billion)
1.2.3. Personal Flotation Devices Market, by Actuation, 2017-2026 (USD Billion)
1.2.4. Personal Flotation Devices Market, by End-User, 2017-2026 (USD Billion)
1.2.5. Personal Flotation Devices Market, by Region, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Personal Flotation Devices Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Personal Flotation Devices Market Dynamics
3.1. Personal Flotation Devices Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Personal Flotation Devices Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusi

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