, /PRNewswire/ -- The global life jacket market size is estimated to grow by from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.8% during the forecast period.
Growing popularity of water sports tourism is driving market growth, with a trend towards expanding water sports infrastructure for a better experience. However, frequent need for maintenance of life jackets poses a challenge. Key market players include Absolute Outdoor Inc.
, Air Liquide SA, Alliance Marine, Aqua Leisure Recreation LLC, Aqua Life, Dongguan City Bestway Sports Goods Co. Ltd., Ganesh Manufacturing, Grand Ocean Marine Co.
Ltd., H3O Water Sports, Jiangsu Baizhou Safety Technology Co. Ltd.
, Johnson Outdoors Inc., Kibo Software Inc., Majestic Marine and Engineering Services, Newell Brands Inc.
, SeaSafe Systems Ltd., Spinlock Ltd., Stormy Lifejackets Pty Ltd.
, Survitec Group Ltd., VIKING LIFE SAVING EQUIPMENT AS, and Wing Group. Get a detailed analysis on regions, market segments, customer landscape, and companies- The water sports industry is experiencing significant growth, creating new business opportunities in coastal areas.
Due to its labor-intensive nature, it offers stable employment. However, many small facilities lack the necessary investments for expansion. To address this, initiatives like Facilities for the Water Sports Industry (FAWI) project aim to professionalize and economically strengthen the sector through sustainable development and collaborations.
In , An.
