Personal Floating Equipment Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 5.2 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.
The global Personal Floating Equipment market was valued at approximately USD 5.2 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030. This growth is driven by increasing awareness of water safety and the rising adoption of personal floating devices across various recreational and professional sectors. The market encompasses a range of products, including life jackets, buoyancy aids, and personal flotation devices, reflecting the broad applications in both leisure and safety contexts. Emerging trends such as advancements in material technology and enhanced comfort features are contributing to the market's upward trajectory.
Opportunity analysis indicates significant growth potential in emerging markets, particularly in regions with expanding maritime industries and recreational water activities. The Asia-Pacific region, with its rapidly growing coastal populations and increased focus on safety regulations, presents substantial opportunities for market expansion. Additionally, rising government initiatives and stringent safety regulations globally are expected to further drive the demand for personal floating equipment. The integration of smart technologies in these devices and increasing investments in the development of innovative safety solutions are anticipated to open new avenues for market players.
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Survitec Group Limited
Secumar
VIKING Life-Saving Equipment
Kent Sporting Goods
Mustang Survival
The Coleman Company
Johnson Outdoors
Hansen Protection
LALIZAS
Drarger
Aqua Lung International
Astral
International Safety Products
Wuxi Xingtai Shipping Equipment
Dongtai Jianghai
Kokatat
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Personal Floating Equipment Market
Flight Attendant
Commercial Ship
Government and Military
Water Sports
Based on Types the Market is categorized into Below types that held the largest Personal Floating Equipment market share In 2023.
Buoyant Foam Core
Life Jacket
Buoyancy Compensator
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Personal Floating Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Personal Floating Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Personal Floating Equipment Market, By Type
6. Global Personal Floating Equipment Market, By Application
7. Global Personal Floating Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Personal Floating Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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