NEW YORK, Oct. 22, 2021 /PRNewswire/ -- The life jacket market size is expected to increase by USD 1 billion from 2021 to 2025, registering a CAGR of 6.54% according to the latest research report from Technavio.
The report on the life jacket market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The report identifies the growing popularity of water sports tourism as one of the major factors driving the growth of the market. However, factors such as the frequent need for maintenance of life jackets may impede the market growth.
The life jacket market report analysis includes segmentation by product (inherent and inflatable), end-user (commercial operators, professional users, and swift water rescue users), and geography (North America, Europe, APAC, South America, and MEA). This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The life jacket market covers the following areas:
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North America, Europe, APAC, South America, and MEA
Performing market contribution
APAC at 32%
Key consumer countries
US, UK, China, Brazil, and Australia
Leading companies, competitive strategies, consumer engagement scope
Bernhardt Apparatebau GmbH, H3O Water Sports, Hansen Protection AS, Johnson Outdoors Inc., Kent Water Sports LLC, Marine Safety Supplies Ltd., Newell Brands Inc., SeaSafe Systems Ltd, Survitec Group Ltd., and VIKING LIFE-SAVING EQUIPMENT AS
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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