Life jacket market 2023-2027; A descriptive analysis of the five forces model, market dynamics, and segmentation – Technavio

NEW YORK, Jan. 23, 2023 /PRNewswire/ — According to Technavio, the global life jacket market size is estimated to grow by USD 1,097 million from 2022 to 2027. The market is estimated to grow at a CAGR of 7.02% during the forecast period. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 32%. For more Insights on market size, Request a sample report

Life jacket market – Five Forces

The global cloud data warehouse market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter’s five models helps to strategize the business, for entire details – buy the report!

Life jacket market – Customer Landscape 

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Life jacket market – Segmentation Assessment

Segment Overview

Technavio has segmented the market based on end-user (commercial operators, professional users, and swift water rescue users), product (inherent and inflatable), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The market growth in the commercial operators segment will be significant during the forecast period. The growth in purchasing power has increased the number of international travelers worldwide. The rise in the number of international travelers has encouraged commercial operators to offer attractive packages and professional guidance for adventure water sports activities. These factors are driving the growth of the segment.

Geography Overview

By geography, the global life jacket market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global life jacket market.

• APAC will account for 32% of the market growth during the forecast period. APAC is the fastest-growing market for life jackets among all the geographic regions. The region has over 25,000 islands that attract many international water sports enthusiasts every year. In addition, increasing participation by women in watersports is fostering the growth of the regional market.

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Life jacket market – Market Dynamics

Key factor driving market growth

• The market is driven by the growing popularity of watersports tourism.
• Participation in water sports such as water polo, surfing, wakeboarding, jet skiing, kayaking, boating, river rafting, and river boarding is increasing across the globe.
• Governments and non-government organizations are encouraging people to participate in these adventure activities through various initiatives.
• Changes in lifestyles and rising expenditure on recreational activities have also increased people’s participation in water sports.
• Furthermore, the increase in the number of women enthusiasts in recreational activities is fostering the growth of the global life jacket market.

Leading trends influencing the market 

• The expansion of water sports infrastructure for a better experience is the key trend in the market.
• Many countries have water sporting activities in small fragmented units that lack necessary funding.
• Hence, many initiatives are being undertaken to encourage the growth and expansion of water sporting facilities across the globe.
• For instance, Europe has been introducing initiatives aimed at strengthening the water sports industry through the Facilities for the Water Sports Industry (FAWI) project. The project focuses on professionalizing and economically strengthening the water sports industry through sustainable development practices, regular upgrades, and cross-border collaborations in the water sports segment.
• Similarly, Andhra Pradesh, a state in India, introduced novel water sports activities such as seaplanes and amphibious vehicles, jeep parasailing, and para-motoring.
• With the growing number of initiatives to expand the watersports industry, the demand for life jackets will increase during the forecast period.

Major challenges hindering the market growth

• The frequent need for maintenance of life jackets is identified as the key challenge in the market.
• Life jackets need to be regularly inspected to avoid fatal accidents that could happen due to leaks, fabric degradation, or inadequately installed CO2 cylinders.
• These jackets wear out and lose efficiency with constant use.
• Besides, vendors are under constant pressure from government bodies and customers to design life jackets that require less maintenance, which is hindering the growth of the market.

Driver, trend, and challenges are the factors of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this life jacket market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the life jacket market between 2023 and 2027
• Precise estimation of the size of the life jacket market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the life jacket market industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of life jacket market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global life jacket market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on Global life jacket market 2017 – 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 – 2021 ($ million)

• 4.3 Product Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user – Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user – Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Commercial operators – Market size and forecast 2022-2027
• Exhibit 34: Chart on Commercial operators – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Commercial operators – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Commercial operators – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Commercial operators – Year-over-year growth 2022-2027 (%)

• 6.4 Professional users – Market size and forecast 2022-2027
• Exhibit 38: Chart on Professional users – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Professional users – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Professional users – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Professional users – Year-over-year growth 2022-2027 (%)

• 6.5 Swift water rescue users – Market size and forecast 2022-2027 
• Exhibit 42: Chart on Swift water rescue users – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Swift water rescue users – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Swift water rescue users – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Swift water rescue users – Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user 
• Exhibit 46: Market opportunity by End-user ($ million)

7 Market Segmentation by Product

• 7.1 Market segments 
• Exhibit 47: Chart on Product – Market share 2022-2027 (%)
• Exhibit 48: Data Table on Product – Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 49: Chart on Comparison by Product
• Exhibit 50: Data Table on Comparison by Product

• 7.3 Inherent – Market size and forecast 2022-2027
• Exhibit 51: Chart on Inherent – Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Inherent – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Inherent – Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Inherent – Year-over-year growth 2022-2027 (%)

• 7.4 Inflatable – Market size and forecast 2022-2027
• Exhibit 55: Chart on Inflatable – Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Inflatable – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Inflatable – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Inflatable – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Product 
• Exhibit 59: Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027
• Exhibit 65: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 APAC – Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027
• Exhibit 77: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 UK – Market size and forecast 2022-2027
• Exhibit 89: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.10 China – Market size and forecast 2022-2027
• Exhibit 93: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.11 Brazil – Market size and forecast 2022-2027
• Exhibit 97: Chart on Brazil – Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Brazil – Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Brazil – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Brazil – Year-over-year growth 2022-2027 (%)

• 9.12 Australia – Market size and forecast 2022-2027
• Exhibit 101: Chart on Australia – Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Australia – Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Australia – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Australia – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Absolute Outdoor Inc. 
• Exhibit 112: Absolute Outdoor Inc. – Overview
• Exhibit 113: Absolute Outdoor Inc. – Product / Service
• Exhibit 114: Absolute Outdoor Inc. – Key offerings

• 12.4 Alliance Marine 
• Exhibit 115: Alliance Marine – Overview
• Exhibit 116: Alliance Marine – Product / Service
• Exhibit 117: Alliance Marine – Key offerings

• 12.5 Aqua Leisure Recreation LLC 
• Exhibit 118: Aqua Leisure Recreation LLC – Overview
• Exhibit 119: Aqua Leisure Recreation LLC – Product / Service
• Exhibit 120: Aqua Leisure Recreation LLC – Key offerings

• 12.6 Dongguan City Bestway Sports Goods Co. Ltd.
• Exhibit 121: Dongguan City Bestway Sports Goods Co. Ltd. – Overview
• Exhibit 122: Dongguan City Bestway Sports Goods Co. Ltd. – Product / Service
• Exhibit 123: Dongguan City Bestway Sports Goods Co. Ltd. – Key offerings

• 12.7 Ganesh Manufacturing 
• Exhibit 124: Ganesh Manufacturing – Overview
• Exhibit 125: Ganesh Manufacturing – Product / Service
• Exhibit 126: Ganesh Manufacturing – Key offerings

• 12.8 Grand Ocean Marine Co. Ltd. 
• Exhibit 127: Grand Ocean Marine Co. Ltd. – Overview
• Exhibit 128: Grand Ocean Marine Co. Ltd. – Product / Service
• Exhibit 129: Grand Ocean Marine Co. Ltd. – Key offerings

• 12.9 Jiangsu Baizhou Safety Technology Co. Ltd.
• Exhibit 130: Jiangsu Baizhou Safety Technology Co. Ltd. – Overview
• Exhibit 131: Jiangsu Baizhou Safety Technology Co. Ltd. – Product / Service
• Exhibit 132: Jiangsu Baizhou Safety Technology Co. Ltd. – Key offerings

• 12.10 Johnson Outdoors Inc. 
• Exhibit 133: Johnson Outdoors Inc. – Overview
• Exhibit 134: Johnson Outdoors Inc. – Business segments
• Exhibit 135: Johnson Outdoors Inc. – Key offerings
• Exhibit 136: Johnson Outdoors Inc. – Segment focus

• 12.11 Kibo Software Inc. 
• Exhibit 137: Kibo Software Inc. – Overview
• Exhibit 138: Kibo Software Inc. – Product / Service
• Exhibit 139: Kibo Software Inc. – Key offerings

• 12.12 Majestic Marine and Engineering Services
• Exhibit 140: Majestic Marine and Engineering Services – Overview
• Exhibit 141: Majestic Marine and Engineering Services – Product / Service
• Exhibit 142: Majestic Marine and Engineering Services – Key offerings

• 12.13 Newell Brands Inc. 
• Exhibit 143: Newell Brands Inc. – Overview
• Exhibit 144: Newell Brands Inc. – Business segments
• Exhibit 145: Newell Brands Inc. – Key news
• Exhibit 146: Newell Brands Inc. – Key offerings
• Exhibit 147: Newell Brands Inc. – Segment focus

• 12.14 Stormy Lifejackets Pty Ltd. 
• Exhibit 148: Stormy Lifejackets Pty Ltd. – Overview
• Exhibit 149: Stormy Lifejackets Pty Ltd. – Product / Service
• Exhibit 150: Stormy Lifejackets Pty Ltd. – Key offerings

• 12.15 Survitec Group Ltd. 
• Exhibit 151: Survitec Group Ltd. – Overview
• Exhibit 152: Survitec Group Ltd. – Product / Service
• Exhibit 153: Survitec Group Ltd. – Key offerings

• 12.16 VIKING LIFE SAVING EQUIPMENT AS 
• Exhibit 154: VIKING LIFE SAVING EQUIPMENT AS – Overview
• Exhibit 155: VIKING LIFE SAVING EQUIPMENT AS – Product / Service
• Exhibit 156: VIKING LIFE SAVING EQUIPMENT AS – Key offerings

• 12.17 Wing Group 
• Exhibit 157: Wing Group – Overview
• Exhibit 158: Wing Group – Product / Service
• Exhibit 159: Wing Group – Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 160: Inclusions checklist
• Exhibit 161: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 162: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 163: Research methodology
• Exhibit 164: Validation techniques employed for market sizing
• Exhibit 165: Information sources

• 13.5 List of abbreviations 
• Exhibit 166: List of abbreviations

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