Global Life Vests Sales Market Report 2023

Life Vests are jackets of buoyant or inflatable construction, for supporting the wearer in deep water and preventing drowning. Life Vests are essential piece of gear for boating, fishing, and various water sports. It’s designed to keep the wearer’s head above the water, either in a vertical of face-up position depending on the type.

Market Analysis and Insights: Global Life Vests Market

Due to the COVID-19 pandemic, the global Life Vests market size is estimated to be worth US$ 2352.9 million in 2022 and is forecast to a readjusted size of US$ 3301.8 million by 2029 with a CAGR of 4.9% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Foam Vests accounting for % of the Life Vests global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Adults segment is altered to an % CAGR throughout this forecast period.

Currently, there are many producing companies in the world Life Vests industry, especially in Europe, North America and China. The main market players are Survitec, VIKING Life-Saving Equipment, The Coleman Company, Hansen Protection, Dräger, Johnson Outdoors, Kent Sporting Goods, LALIZAS, Mustang Survival, O’Neill, International Safety Products, SECUMAR, SALUS MARINE WEAR INC., Dongtai Jianghai, Stormy Lifejackets, Wuxi Xingtai Shipping Equipment, MW Watersports, SeaSafe Systems, Ningbo Zhenhua Electrical Equipment, Aqua Life, Eyson and Xiamen Shenshou Science and Technology, etc, with about 29% market shares.

Europe is the largest consumption of Life Vests, with a sales revenue market share nearly 27%. The second place is USA, following Europe with the sales revenue market share over 19%. China is another important consumption market of Life Vests.

Global Life Vests Scope and Market Size

The global Life Vests market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Life Vests market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


Foam Vests

Inflatable Vests

Hybrid Vests


Segment by Application


Adults

Kids

Animals

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


Survitec

VIKING Life-Saving Equipment

The Coleman Company

Hansen Protection

Dräger

Johnson Outdoors

Kent Sporting Goods

LALIZAS

Mustang Survival

O’Neill

International Safety Products

SECUMAR

SALUS MARINE WEAR INC.

Dongtai Jianghai

Stormy Lifejackets

Wuxi Xingtai Shipping Equipment

MW Watersports

SeaSafe Systems

Ningbo Zhenhua Electrical Equipment

Aqua Life

Eyson

Xiamen Shenshou Science and Technology