Lewes, DE -- (SBWIRE) -- 01/24/2017 -- Report forecast the global life jacket market to grow at a CAGR of 4.64% during the period 2016-2020.

The global life jacket market is driven by a demand from coast guards and government marine agencies globally. Recreation is another key end-user segment, which demands life jacket for activities such as water skiing, fishing, and boating. Strong demand from APAC and European countries contribute significantly to market growth.

The report covers the present scenario and the growth prospects of the global life jacket market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of life jackets at the manufacturer level.

The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW

According to the report, one driver in the market is demand from coast guards. Life jackets have been widely used by the outdoor recreation industry and coast guards globally. The responsibilities of coast guards include search and rescue, safety of vessels, border control, maintenance of seamarks, and enforcement of maritime law. These jobs require a proper protection of personnel with all the necessary gears as they work in environments with a high risk of fatalities and accidents. Therefore, personal flotation devices are mandatory for coastguards. Coastguards use all types of life jackets such as off-shore life jackets, near shore life jackets, inflatable life jackets, and special use life jackets. These life jackets are accessible to them in their boats and near places of work and consist of additional features such as emergency lights and whistles.

Further, the report states that one challenge in the market is need for frequent maintenance. Periodic inspection of life jackets is crucial to avoid fatal accidents that can occur because of leaks, fabric degradation, or inadequately installed CO? cylinder. The most common cause of life jacket failure is the use of inflation canisters beyond their expiry dates. Also, fabrics used to make life jackets shrink or lose their efficiency with use. In addition, compression strength of foam can also impact the performance of the foam used in life jackets.

Global Life Jacket Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global life jacket market: Survitec, International Safety Products, and VIKING Life-Saving Equipment.

Other Prominent Vendors in the market are: Marine Safety Products, Aqua Life, Hansen Protection, H3O Water Sports, Johnson Outdoors, Kent Sporting Goods, Mustang Survival, Stormy Lifejackets, SECUMAR, Spinlock, SeaSafe Systems, and The Coleman Company.

Market driver
- Growth in boating industry.
- For a full, detailed list, view our report

Market challenge
- Need for frequent maintenance.
- For a full, detailed list, view our report

Market trend
- Focus on lightweight and streamlined life jackets.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 61 pages and 41 Exhibits "Global Life Jacket Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Global life jacket market, Market segmentation by end-users, Market segmentation by type of product, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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