$1.63 Billion Growth Opportunity in Personal Flotation Devices Market | Strong demand expected in North America


The global personal flotation device market is fragmented by nature. The market is characterized by the presence of several global, regional, local and national vendors. Suppliers focus on various aspects such as R&D, manpower, technology, and branding, to compete in the market. Some suppliers make significant investments in sourcing good quality raw materials and focus on product related R&D to manufacture high quality PFDs.

Technavio identifies Astral Buoyancy Co., Hutchwilco Ltd., Johnson Outdoors Inc., Kent Water Sports LLC, Kokatat Inc., Marine Technologies International, Mustang Survival ULC, Newell Brands Inc., NRS Inc. and Survitec Group Ltd. as dominant actors. on the market. Although the growing popularity of nautical tourism will provide immense opportunities for growth, the difficulty in selecting the right PFDs will challenge the growth of market players. To make the most of the opportunities, sellers in the market should focus more on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Personal Flotation Devices Market 2020-2024: Segmentation

The Global Personal Flotation Devices Market is segmented as follows:

  • Product
    • Type I
    • TypeII
    • Type III
    • Type IV
    • V-type
  • Geography
    • APAC
    • Europe
    • AEM
    • North America
    • South America

Type I segment will hold the largest market share during the forecast period. Type I life jackets are highly visible thanks to their bright color and the presence of reflective strips. Therefore, they are widely used to ensure crew safety on transport vessels. These jackets are also considered best for rough, open and remote waters where rescue comes slowly. These factors are driving the growth of the segment.

By geography, North America will have the largest market share. The region currently holds 32% of the global market share. The launch of innovative products and the availability of easy access to digital platforms are driving the growth of the regional market. Additionally, the increasing number of international tourists will contribute to the growth of the personal flotation devices market in North America. The United States is the key country for personal flotation devices in North America.

Technavio presents a detailed picture of the market through study, synthesis and summation of data from multiple sources. Our Personal Flotation Devices Market report covers the following areas:

Personal Flotation Devices Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the Personal Flotation Devices Market. Relying on competitive insights and benchmarking analysis, our Personal Flotation Devices Market research report is designed to provide entry support, customer profile and mergers and acquisitions as well as strategic focus support on the market.

Personal Flotation Devices Market 2020-2024: Key Highlights

  • Market CAGR over the forecast period 2020-2024
  • In-depth information on factors that will contribute to the Personal Flotation Devices market growth over the next five years
  • Estimating the size of the Personal Flotation Devices market and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the personal flotation device market
  • Market Competitive Landscape Analysis and Detailed Vendor Information
  • Comprehensive details of factors that will challenge the growth of the Personal Flotation Devices Market vendors

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Scope of the Personal Flotation Devices Market

Report cover

Details

Page number

120

Year of reference

2019

Forecast period

2020-2024

Growth momentum and CAGR

Accelerate at a CAGR of 5%

Market Growth 2020-2024

$1.63 billion

Market structure

Fragmented

Annual growth (%)

4.32

Regional analysis

APAC, Europe, MEA, North America and South America

Successful market contribution

North America at 32%

Main consumer countries

United States

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Astral Buoyancy Co., Hutchwilco Ltd., Johnson Outdoors Inc., Kent Water Sports LLC, Kokatat Inc., Marine Technologies International, Mustang Survival ULC, Newell Brands Inc., NRS Inc. and Survitec Group Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents :

Summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market Outlook: Forecast for 2019 – 2024

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by product

  • Market segments
  • Comparison by product
  • Type I – Market size and forecast 2019-2024
  • Type II – Market size and forecast 2019-2024
  • Type III – Market size and forecast 2019-2024
  • Type IV – Market size and forecast 2019-2024
  • Type V – Market size and forecast 2019-2024
  • Market opportunity by product

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Main leading countries
  • Market Opportunity by Geography

Drivers, challenges and trends

  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Insight
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Astral Buoyancy Co.
  • Hutchwilco Ltd.
  • Johnson Outdoors Inc.
  • Kent Water Sports LLC
  • Kokatat Inc.
  • International marine technologies
  • Mustang Survival ULC
  • Brands Newell Inc.
  • NRS Inc.
  • Survitec Group Ltd.

Annex

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio Research
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Website: www.technavio.com/

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