Personal Floatation Devices Market Size, Share, Growth Analysis, By Product(Offshore Life Jacket, Near-shore Buoyant Vest, Flotation Aid, Throwable Devices), By Application(Passenger, Aircraft Crew, Commercial Vessels (Cargo Ships, Tugboats), By Actuation(Manually activated, automatically activated. Based on the End Use into the Aquaculture industry, Oil & Gas industry, Naval industry), By End use(Aquaculture industry, Oil & Gas industry, Naval industry, other industry), By Sales Channel(Sports Outlets, Franchised Sports Outlet, Modern Trade Channels, Direct to Customer Br), By Region - Industry Forecast 2024-2031

Personal Floatation Devices Market size was valued at USD 2.9 billion in 2019 and is poised to grow from USD 3.17 billion in 2023 to USD 7.5 billion by 2031, growing at a CAGR of 13.06% in the forecast period (2024-2031).

The personal floatation devices (PFD) market is expected to experience robust expansion due to technological development and the introduction of new water sports categories. Besides, the technological advances such as inflatable PFDs integrated with lights and other safety features are getting incorporated into the mainstream maritime business.

The growing focus on reducing maritime mortality has greatly boosted the adoption of personal flotation devices. The safety protocols imposed by the local authorities at coastal areas facilitate personal flotation devices and safety equipment before entering deep waters in coastal areas. These factors have encouraged the use of PFDs to a very large extent.

Additionally, factors including the increased involvement and enrolments in water sports and water recreational activities, as well as the growing number of swimming pools and water sports venues, are all favourably influencing the growth trajectory.

US Personal Floatation Devices Market is poised to grow at a sustainable CAGR for the next forecast year.