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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Yamaha Motor Co., Ltd. was founded in 1955 and is headquartered in Shizuoka, Japan. It operates in a wide range of sectors, including marine products, robotics, and financial services, among others. Its core area of expertise includes powertrain technology that originates from motorcycle development and the classic/hull technology that complements the performance of vehicles. It has a global presence spanning across 200 countries and its aim is to create products which surpass customer expectations.
Johnson Outdoors Inc. was founded in 1970 and is headquartered in Wisconsin, United States. It is a family of core brands like Minn Kota, Humminbird, and Cannon Downriggers that build products by using emerging technologies. It operates in 24 countries across the world and has made many innovative vehicle products, like pedal-powered watercraft that does not require paddling by humans.
Switlik Parachute Company was founded in 1920 in the United States. It manufactures a wide variety of products, including life vests, anti-gravity suits, and face shields, among others. It has a global presence and a client base within the municipal police, fire, and search and rescue sectors.
Other life jacket market players include Aqualung Group, Dongguan City Bestway Sports Goods Technology Co., Ltd., Stormy Lifejackets Pty Ltd., Kent Water Sports, LLC, SeaSafe Systems Ltd., The Coleman Company, Inc., and Aqua-Leisure Recreation, LLC, among others.
Life Jacket Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1.87 billion.
The market is estimated to grow at a CAGR of 5.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 2.99 billion by 2032.
The market is being driven by increasing government regulation for ensuring safe passenger travel on ships and boats, and growing awareness among youth about water accidents.
The key trends aiding the market expansion include innovations and new product launches, and growing safety concerns among water sports enthusiasts.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major end uses of life jacket are water sports, and military and safety operations, among others.
The major players in the market are Yamaha Motor Co., Ltd., Johnson Outdoors Inc., Switlik Parachute Company, Aqualung Group, Dongguan City Bestway Sports Goods Technology Co., Ltd., Stormy Lifejackets Pty Ltd., Kent Water Sports, LLC, SeaSafe Systems Ltd., The Coleman Company, Inc., and Aqua-Leisure Recreation, LLC, among others.
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