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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Personal Flotation Devices Market Outlook

The global personal flotation devices market size reached a value of approximately USD 6.56 billion in 2023. The market is further expected to grow at a CAGR of 3.3% between 2024 and 2032, reaching a value of USD 8.76 billion by 2032.

personal flotation devices market

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Key Trends in the Market

A personal flotation device, also known as a PFD, provides buoyancy to the wearer to help them in staying afloat in water. This throwable or wearable device is used in commercial and recreational settings as well as on military watercraft and aircraft and by professionals working above or around water.

  • The personal flotation devices market trends include rising popularity of water sports and activities including river rafting, water skiing, kayaking, and canoeing, among others, where personal flotation devices are often recommended for increased safety on water.
  • Rising availability of customised flotation devices for specific water sports and activities such as water boarding and wind surfing is further aiding the personal flotation devices market growth by appealing to targeted audiences.
  • Design innovations such as utilisation of lightweight material for development of vests and jackets and adoption of advanced buoyancy technology is another key trend propelling the growth of the market, by increasing the appeal of PFDs.

Global Personal Flotation Devices Market Analysis

On the basis of product, the market is divided into offshore life jacket, near-shore buoyant vest, flotation aid, throwable devices, and special-use devices. Based on application, the market is classified into passenger and aircraft crew, water sports, commercial vessels, and government and military. By distribution channel, the market is bifurcated into online and offline. On the basis of region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

personal flotation devices market by segments

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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 personal flotation devices market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

  • Astral Buoyancy Company
  • Mustang Survival Corp.
  • Aqualung Group
  • Kokatat, Inc.
  • Rescue Technology
  • Absolute Outdoor of America, LLC
  • Confluence Kayaks
  • LALIZAS Group
  • Spinlock Limited
  • Others

Market Share by Product

Near-shore buoyant vest products of personal flotation devices are projected to account for a significant portion of the market over the forecast period as they are commonly used during recreational and general boating activities. The near-shore buoyant vests are suited for calm, inland waters and in situations where there is a chance of quick rescue. In some situations, these vests may also turn the unconscious person in water to a slightly tipped back position or vertical position from face down position, preventing accidental drowning.

Market Share by Region

North America is anticipated to witness significant growth in the personal flotation devices market, fuelled by rising disposable incomes, wide coastline, and growing popularity of water sports and boating and fishing activities. As more people engage in water sports, boating, and fishing, usage of personal flotation devices is becoming increasingly common. Rising cases of water related accidents such as accidental drowning are further boosting the utilisation of personal flotation devices such as jackets, vests, and tubes.

personal flotation devices market by region

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Competitive Landscape

Astral Buoyancy Company is a manufacturer of technical outdoor products, with a specialisation in the design and production of youth jackets, t-shirts, and canine products, among others. The company was established in 2002 and is based in North Carolina in the United States.

Mustang Survival Corp. was founded in 1967 and is headquartered in British Columbia, Canada. They specialise in flotation clothing, technical outerwear, base layers, hypothermia clothing, backpacks, immersion suits, and gloves, among others.

Aqualung Group is a sporting goods manufacturing company that was established in 1943 and is based in Valbonne, France. The company is one of the leading global manufacturers and designers of diving and water sports gear.

Other market players include Kokatat, Inc., Rescue Technology, Absolute Outdoor of America, LLC, Confluence Kayaks, LALIZAS Group, and Spinlock Limited, 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:

  • Product
  • Application
  • Distribution Channel
  • Region
Breakup by Product
  • Offshore Life Jacket
  • Near-Shore Buoyant Vest
  • Flotation Aid
  • Throwable Devices
  • Special-Use Devices
Breakup by Application
  • Passenger and Aircraft Crew
  • Water Sports
  • Commercial Vessels
  • Government and Military
Breakup by Distribution Channel
  • Online
  • Offline
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Astral Buoyancy Company
  • Mustang Survival Corp.
  • Aqualung Group
  • Kokatat, Inc.
  • Rescue Technology
  • Absolute Outdoor of America, LLC
  • Confluence Kayaks
  • LALIZAS Group
  • Spinlock Limited
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market reached a value of approximately USD 6.56 billion in 2023.

The market is expected to grow at a CAGR of 3.3% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 8.76 billion by 2032.

The major market drivers include growing knowledge about the benefits of using personal flotation devices, rising cases of water accidents and drowning, and regulations by various governments regarding safety during water activities.

The key trends fuelling the growth of the market include rising popularity of water sports, increasing availability of customised flotation devices, and growing design innovations.

The major applications of personal flotation devices in the market are passenger and aircraft crew, water sports, commercial vessels, and government and military.

The purpose of a personal flotation devices is to aid in reducing the wearer’s risk of drowning by providing them with buoyancy.

The key players in the global personal flotation devices market are Astral Buoyancy Company, Mustang Survival Corp., Aqualung Group, Kokatat, Inc., Rescue Technology, Aqualung, Absolute Outdoor of America, LLC, Confluence Kayaks, LALIZAS Group, and Spinlock Limited, among others.

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40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124