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Global Life Jacket Market Size, Share, Trends, Analysis: By Type: Inherent, Inflatable; By Material: Nylon, Polyester, Others; By End Use: Water Sports, Military and Safety Operation, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Life Jacket Market Outlook
The global life jacket market size was approximately USD 1.87 billion in 2023. The market is assessed to grow at a CAGR of 5.3% between 2024 and 2032, reaching a value of USD 2.99 billion by 2032.
Key Trends in the Market
A life jacket is a garment which provides protection from drowning by keeping the mouth and nostrils of a person above water. It is generally yellow or orange in colour which makes spotting it in water easy. It is made up of lightweight materials like nylon and polyester, hence it weighs much less than the average weight density of human beings.
- Growing concerns regarding water injury and accidents are positively influencing the life jacket market growth. Life jackets are available in diverse sizes at affordable prices, can prevent accidental drownings, and provide extra comfort and mobility in water.
- One of the crucial life jacket market trends is the growing popularity of water sports such as paddleboarding, swimming, and kayaking, among others. Water sports are widely preferred as fun as well as stress-relieving activities among all age groups and are known to improve physical and emotional well-being.
- The introduction of stringent government regulations to ensure the safety of marine transportation and water sports is positively impacting the demand for life jackets. Moreover, the life jacket market demand is being aided by the growing popularity of beach tourism and cruising for rejuvenation and recreational activities. Life jackets play an essential role in ensuring the safety of passengers and tourists and lowering the risk of injuries.
Market Analysis
Based on type, the market is segmented into inherent and inflatable. On the basis of material, the market can be divided into nylon, and polyester, among others.
The life jacket market segmentation, based on end-use, includes water sports, and military and safety operation, among others. The major regional markets for life jackets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global life jacket market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Yamaha Motor Co., Ltd.
- Johnson Outdoors Inc.
- Switlik Parachute Company
- Aqualung Group
- Dongguan City Bestway Sports Goods Technology Co., Ltd.
- Stormy Lifejackets Pty Ltd.
- Kent Water Sports, LLC
- SeaSafe Systems Ltd.
- The Coleman Company, Inc.
- Aqua-Leisure Recreation, LLC
- Others
Market Share by End- Use
As per the global life jacket market analysis, the demand for life jackets is anticipated to substantially increase in the water sports sector in the coming years. This can be attributed to growing interest in travel post-pandemic and the introduction of strict regulations by governments to prevent water accidents. Water sports include a wide range of activities like swimming, surfing, canoeing, and river rafting, among others, that benefit both physical and mental health, hence aiding the segment’s growth.
Meanwhile, the demand for defence life jackets is likely to witness a significant rise in the coming years amid the development of lightweight and technologically advanced jackets with features like GPS and in-built radios. Increasing defence budgets and rising attempts by governments to safeguard their skilled navy personnel are also expected to propel the segment’s growth in upcoming years.
Market Share by Region
North America is represent a significant portion of the life jacket market, supported by the huge popularity of water sports in both Canada and the USA. The defence sector in the US also uses special life jackets equipped with GPS and small communication systems that can help in safeguarding and tracking military personnel and assets.
Moreover, the livelihoods of many Canadians working in the fisheries, aquaculture, and energy production industries are dependent on the Pacific, the Arctic, and the Atlantic Oceans, which drives up the demand for life jackets in the country.
Competitive Landscape
Yamaha Motor Co., Ltd. was founded in 1955 and is headquartered in Shizuoka, Japan. It operates in a wide range of sectors, including marine products, robotics, and financial services, among others. Its core area of expertise includes powertrain technology that originates from motorcycle development and the classic/hull technology that complements the performance of vehicles. It has a global presence spanning across 200 countries and its aim is to create products which surpass customer expectations.
Johnson Outdoors Inc. was founded in 1970 and is headquartered in Wisconsin, United States. It is a family of core brands like Minn Kota, Humminbird, and Cannon Downriggers that build products by using emerging technologies. It operates in 24 countries across the world and has made many innovative vehicle products, like pedal-powered watercraft that does not require paddling by humans.
Switlik Parachute Company was founded in 1920 in the United States. It manufactures a wide variety of products, including life vests, anti-gravity suits, and face shields, among others. It has a global presence and a client base within the municipal police, fire, and search and rescue sectors.
Other life jacket market players include Aqualung Group, Dongguan City Bestway Sports Goods Technology Co., Ltd., Stormy Lifejackets Pty Ltd., Kent Water Sports, LLC, SeaSafe Systems Ltd., The Coleman Company, Inc., and Aqua-Leisure Recreation, LLC, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Material |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Life Jacket Market Analysis
8.1 Key Industry Highlights
8.2 Global Life Jacket Historical Market (2018-2023)
8.3 Global Life Jacket Market Forecast (2024-2032)
8.4 Global Life Jacket Market by Type
8.4.1 Inherent
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Inflatable
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Life Jacket Market by Material
8.5.1 Nylon
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Polyester
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Life Jacket Market by End Use
8.6.1 Water Sports
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Military and Safety Operation
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Life Jacket Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Life Jacket Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Life Jacket Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Life Jacket Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Life Jacket Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Life Jacket Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Yamaha Motor Co., Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Johnson Outdoors Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Switlik Parachute Company
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Aqualung Group
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Dongguan City Bestway Sports Goods Technology Co., Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Stormy Lifejackets Pty Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Kent Water Sports, LLC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 SeaSafe Systems Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 The Coleman Company, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Aqua-Leisure Recreation, LLC
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Life Jacket Market: Key Industry Highlights, 2018 and 2032
2. Global Life Jacket Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Life Jacket Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Life Jacket Historical Market: Breakup by Material (USD Billion), 2018-2023
5. Global Life Jacket Market Forecast: Breakup by Material (USD Billion), 2024-2032
6. Global Life Jacket Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Life Jacket Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Life Jacket Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Life Jacket Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Life Jacket Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Life Jacket Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Life Jacket Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Life Jacket Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Life Jacket Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Life Jacket Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Life Jacket Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Life Jacket Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Life Jacket Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Life Jacket Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Life Jacket Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1.87 billion.
The market is estimated to grow at a CAGR of 5.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 2.99 billion by 2032.
The market is being driven by increasing government regulation for ensuring safe passenger travel on ships and boats, and growing awareness among youth about water accidents.
The key trends aiding the market expansion include innovations and new product launches, and growing safety concerns among water sports enthusiasts.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major end uses of life jacket are water sports, and military and safety operations, among others.
The major players in the market are Yamaha Motor Co., Ltd., Johnson Outdoors Inc., Switlik Parachute Company, Aqualung Group, Dongguan City Bestway Sports Goods Technology Co., Ltd., Stormy Lifejackets Pty Ltd., Kent Water Sports, LLC, SeaSafe Systems Ltd., The Coleman Company, Inc., and Aqua-Leisure Recreation, LLC, among others.
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