Global Life Jacket Market 2021-2026

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    GLOBAL LIFE JACKET MARKET

     

    INTRODUCTION

    Personal flotation devices are intended for leisure activities that take place on or in the water, whereas lifejackets are often encountered in circumstances when falling into the water is an unwelcome possibility.

     

    Lifejackets must also include a variety of characteristics to assist grab the attention of any one would rescuers in order to guarantee that users are dragged out of the water as quickly as possible. This is why they’re built of reflecting materials in bright colors and come with a harsh whistle.

     

    To be termed a lifejacket, it must also provide 150 Newtons of buoyant and full collar support. Lifejackets are life preservers that may be worn in the water to keep a person afloat. This is a vital piece of equipment that has saved hundreds of lives throughout the years.

     

    infographic: Life Jacket Market, Life Jacket Market Size, Life Jacket Market Trends, Life Jacket Market Forecast, Life Jacket Market Risks, Life Jacket Market Report, Life Jacket Market Share

     

    A lifejacket is typically made of polyester with foam cubes packed inside and reflective patterns on both the front and rear. They are vividly coloured, orange, or yellow, and can be seen quite afar.

     

    Lifejackets operate on the theory of buoyancy, which states that the quantity of water displaced by an item equals its weight. A Lifejacket, on the other hand, is constructed of lightweight material that weighs far less than the typical weight density of humans.

     

    As a result, when a person wears a Lifejacket, the overall weight displaced by the water is substantially less than the individual’s own weight, and the person floats. Even in rough sea conditions, it is critical to wear a jacket that fits properly, protects the individual from impact injuries, and offers optimum safety until further assistance comes.

     

    GLOBAL LIFE JACKET MARKET DYNAMICS

    The truth is that lifejackets and personal flotation devices (PFDs) serve two distinct functions. Paddle boarders, kayakers, and other boating aficionados, for example, frequently utilize PFDs and seldom use lifejackets. This is due to the fact that lifejackets are often far heavier and less comfortable to wear, since they are meant to save lives first and foremost, with comfort coming in a close second.

     

    PFDs, on the other hand, are designed to achieve a compromise between keeping users safe and letting them to move freely. As a consequence, PFDs are much less bulky, and the buoyant area that permits them to keep wearers afloat is more evenly distributed.

     

    Life jackets are currently available in a variety of colors, styles, and sizes. Certain life jackets are pliable and thin, while others are integrated into fishing vests or hunter jackets. Drowning is still a leading cause of mortality all around the world.

     

    There has been no change in the yearly drowning rate over the last few decades, with major recreational boating drownings. Boaters appreciate the sensation of the sun and ocean spray, but it’s always attractive to take a boat trip without wearing a life jacket.

     

    However, because non-fatal submersion rates are so high, it is critical to highlight the prospects for improvement in recreational sports preventive methods.

     

    The market for life vests is likely to develop steadily in the next years. Global demand for life jackets is predicted to rise sharply of stringent regulatory regimes and regulations requiring the usage of personalized life vests.

     

    Governments in nations such as the United States, the United Kingdom, and Australia have severe laws to observe when undertaking recreational activities or when using life jackets for industrial or commercial purposes.

     

    GLOBAL LIFE JACKET MARKET SEGMENTATION

    The Global Life Jacket Market can be segmented into following categories for further analysis.

     

    By Application

    • Water sports
    • Day Sailing
    • Offshore Sail
    • Paddle sports
    • Commercial Vessels

     

    By Product Type

    • Inherent Product
    • Inflatable Product

     

    By Technology Focus Type

    • 7 Lbs Inherent Jacket
    • 7 to 15.5 Lbs Inherent Jacket
    • 22 Lbs Inherent Jacket
    • 34 Lbs Inherent Jacket

     

    By Distribution Channel Type

    • OEM
    • Aftermarket

     

    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    RECENT TECHNOLOGICAL TRENDS IN GLOBAL LIFE JACKET MARKET

    There are varied standards being developed in focus towards better life vest and jacket compliance to the standard guideline requirements. Current European Standards distinguish buoyancy aids and lifejackets based on their buoyancy force Newton (N).

     

    Buoyancy is produced by all materials that are lighter than water. For buoyant material, closed cell foams of polyvinyl chloride (PVC) or polyethylene (PE) are utilized. 

     

    The inflatable buoyancy is produced by atmospheric gases such as carbon dioxide (CO2) or nitrogen (N2). CO2 has shown to be suitable because to its non-toxic and non-flammable qualities, as well as its ability to be kept in small disposable cylinders.

     

    There has been sensor-based integration being done wherein The ploota is a sensor-controlled swimming safety device worn around the neck. The ploota is both tiny and recyclable, and unlike other life jackets, it can be worn underwater.

     

    When the user is swimming, snorkelling, or deep-sea diving, the gadget can be triggered to bring you back to the surface. Another noteworthy aspect is that the gadget is incredibly light, weighing only 280gms and allowing users to participate in high-intensity water activities.

     

    When it inflates, the front refillable-CO2 cartridges engage, inflating two bags on the side and above the shoulder quickly, bringing you to the surface of the water.

     

     

    COMPETITIVE LANDSCAPE

    The increase in water sports tourism as a result of the growth in the travel and tourist industry and the enthusiasm for water adventure sports among millennials has raised demand for life jackets.

     

    Furthermore, the increased awareness of government safety standards for water adventure sports, aeroplanes, and other water-based activities for people’s safety, as well as the use of life jackets for commercial vessels, day sailing, and fishing activities, is driving demand for the global life jacket market.

     

    However, one of the market’s significant constraints is the need for frequent maintenance of life jackets and inflated canisters to minimize failure during accidents. Red panel is part of the recent developments in the market for PFD and Life Jacket requirements.

     

    The Red Original PFD has characteristics comparable to a lifejacket, such as luminous panels, complete collar support, a whistle, and a brilliant yellow color.

     

    Because the inflatable material is positioned in the front, its users will be urged to float face-up once inflated. It is crucial to note, however, that only 50 Newtons of buoyancy are delivered, less than the 150 Newtons necessary to ensure that even unconscious wearers look upright.

     

    Hansen Protection SA is the part of innovative technology implementation in the market of life jacket improvisations. It has introduced Seal Lion Europe Crew is a customized, adaptable lifejacket created exclusively for operational pilots and crew.

     

    It has been certified to be used with the Sea Air EBS II, which is integrated through a removable hip/back pocket which may be positioned such that it will not conflict with chopper operations. The lifejacket is intended to be used in conjunction with the Sea Air Europe Crew uniform. The suit and lifejacket work together to offer a full safety approach for marine aircrews and airline staff.

     

    SeaLion Europe Pilot was created in close collaboration with pilots and flight crew to provide maximum versatility in day-to-day operations. The lifejacket is outfitted with a well-designed and functional backpack straps for fastening the EBS when it’s most convenient for the user. SeaLion Europe Pilot is compatible with Sea Air Europe Pilot, our one-of-a-kind suit idea for pilots and flight crew.

     

    COMPANIES PROFILED

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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