Global personal floatation devices market

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 2025-2032


Report ID: SQMIG25J2067 | Region: Global | Published Date: February, 2024
Pages: 213 | Tables: 158 | Figures: 78

Personal Floatation Devices Market Insights

Personal Floatation Devices Market size was valued at USD 3.17 Billion in 2023 and is poised to grow from USD 3.58 Billion in 2024 to USD 8.48 Billion by 2032, growing at a CAGR of 13.06% during the forecast period (2025-2032).

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.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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).

To understand the competitive landscape, we are analysing key Personal Flotation Devices Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the industry. 'Survitec Group Limited', 'Mustang Survival Corp.', 'Johnson Outdoors Inc.', 'The Coleman Company, Inc.', 'Kent Sporting Goods Company, Inc.', 'MTI Life Jackets', 'Astral Buoyancy Company', 'Aqua Lung International S.A.', 'Kokatat, Inc.', 'NRS (Northwest River Supplies)', 'Stohlquist WaterWare', 'Harmony Gear', 'Salus Marine Wear Inc.', 'O'Neill Wetsuits, LLC', 'Mustang Survival Corp.', 'Stearns, Inc.', 'Extrasport', 'Plastimo SAS', 'International Safety Products', 'Viking Life-Saving Equipment A/S.'

Main drivers of the growth of the PFD industry have been identified as strong economic growth in crucial marine markets and rising public expenditure in the construction of boating infrastructure.

Sustainable Business Models and  IoT enabled Supply Chains to Shape the Future of Personal Floatation Devices Market: In the market for personal flotation devices, sustainable business models and IoT enabled supply chains are adding to the industry growth. For sales and marketing, online distribution platforms are becoming more popular. Additionally, businesses are putting a lot of effort into alliances and collaboration with local suppliers in order to grow internationally.

North America enjoys a monopolistic position in the personal flotation device sector as a result of high population to participate in thrilling water sports. People of various ages, including seniors, have been participating in deep water sports for the thrill and adventure. The US continues to grab a huge share in personal floatation device industry due to the wider availability of coastal lines and mandate safety protocols for divers. The relatively large number of boat fleets and boat owners also continues to supplement demand.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global personal floatation devices market

Report ID: SQMIG25J2067

$5,300
BUY NOW GET FREE SAMPLE