Global Personal Floating Equipment Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 0.8 Billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030.
The personal floating equipment market has been growing steadily, driven by increasing safety regulations and awareness regarding water-related accidents. In recent years, the need for safety gear like life jackets, buoyancy aids, and other flotation devices has become more pronounced, especially in industries such as marine, recreational boating, and water sports. As global tourism and recreational water activities surge, the demand for personal floating equipment has seen significant growth, with projections indicating a continued rise in adoption across various sectors.
Personal flotation devices (PFDs) are essential in ensuring safety during water-related activities. These devices come in various types, including life jackets, flotation collars, and inflatable PFDs, designed to support a person in water and prevent drowning. The rise of water sports like kayaking, sailing, and wakeboarding, coupled with stricter safety regulations, has been a major driver in this market's expansion. Additionally, the increasing number of recreational boaters, along with regulatory bodies enforcing compulsory use of flotation devices, continues to create a robust demand for personal floating equipment.
Geographically, the market shows varied growth, with North America, Europe, and the Asia Pacific region contributing the largest shares. In regions with high maritime activities and tourism, such as the Caribbean and Southeast Asia, personal floating equipment is essential for both commercial and leisure purposes. Moreover, innovations in lightweight and compact designs have led to the development of more comfortable and user-friendly devices, appealing to a broader range of customers. Consumers are increasingly looking for equipment that is durable, lightweight, and easy to use, all while offering maximum protection and comfort.
Environmental sustainability has also influenced the market's trajectory. Manufacturers are focusing on using eco-friendly materials in the production of flotation devices, further enhancing their appeal among environmentally conscious consumers. As awareness of ocean conservation grows, demand for biodegradable and recyclable flotation products is also expected to rise.
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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, Global, 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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