Global Personal Flotation Devices Market Is Projected to Reach 2.9 Billion USD by 2025
The global Personal Flotation Devices market is valued at 2.1 billion USD in 2017 and is expected to reach 2.9 billion USD by the end of 2025, growing at a CAGR of 3.68% between 2018 and 2025.
Albany, NY -- (SBWire) -- 06/08/2018 --The market is driven by various end-user industries, such as Passenger & Aircraft Crew, Commercial Vessel, Government & Military and Water Sporting.
The industry is quite decentralized, the key brand includeSurvitec Group Limited, VIKING Life-Saving Equipment, The Coleman Company, Kent Sporting Goods, Mustang Survival, Hansen Protection, Drarger, Johnson Outdoors, LALIZAS, Secumar, International Safety Products, NRS (Northwest River Supplies), Dongtai Jianghai, Wuxi Xingtai Shipping Equipment, SALUS MARINE WEAR INC., Aqua Lung International, O'Neill, Astral, Stormy Lifejackets, Kokatat, Harmony Gear, JimBuoy, SeaSafe Systems, Spinlock and so on. Among them, Survitec Group Limited, VIKING Life-Saving Equipment and The Coleman Company are the leaders.
The classification of Personal Flotation Devices includes Buoyancy Aid (Foam Core), Life Jacket, Survival Suit, Buoyancy Compensator and Others.
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The leading companies own the advantages on better performance, more abundant product's types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.Market competition is very intense. Survitec Group Limited, VIKING Life-Saving Equipment, The Coleman Company, Kent Sporting Goods, Mustang Survival, Hansen Protection, Drarger, Johnson Outdoors are the leaders of the industry.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The Global Personal Flotation Devices Market Research Report 2018 report released by QYResearch provides a basic overview of the Personal Flotation Devices industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
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The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Personal Flotation Devices industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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