The article cited AMA's Global Inflatable Lifejackets Market Study explored substantial growth with CAGR of 5.9%. According the report, The Growing Popularity of Water Sports Tourism
is one of the primary growth factors for the market. Increasing Number of People Indulging In Recreational Activities
is also expected to contribute significantly to the Inflatable Lifejackets market. Overall, Personal Use
applications of Inflatable Lifejackets, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Survitec Group (United Kingdom), VIKING Life-Saving Equipment A/S (Denmark), The Coleman Company (United States), Hansen Protection AS (Norway), Drager (Germany), Johnson Outdoors (United States), Kent Sporting Goods (United States), LALIZAS (Greece), Mustang Survival Corp. (Canada), O'Neill (United States), International Safety Products (United Kingdom), Secumar (Germany), Salus Marine Wear Inc. (Canada), Dongtai Jianghai (China), Stormy Lifejackets (Australia) and Wuxi Xingtai Shipping Equipment (China) may see astonishing sales in this Market and certainly improve revenue growth.
The Distribution Channel, such as Online, is boosting the Inflatable Lifejackets market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End-User, such as Adults, is boosting the Inflatable Lifejackets market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Inflatable Lifejackets market identified that the demand is rising in many different parts of the world as "Increasingly Engage In Adventure Activities
". Furthermore, some recent industry insights like "In June 2023, Newhaven RNLI's volunteer Water Safety Officer, says: 'Shortly before launch, we received a phone call at the station from people in Seaford Bay whose inflatable had drifted off the beach. They advised us they had successfully recovered the inflatable back to shore." is constantly making the industry dynamic. One of the challenges that industry facing is "Amusement Parks and Water Sports Are Shut Down Due To Covid-19 Pandemic"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Inflatable Lifejackets market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Inflatable Lifejackets market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Inflatable Lifejackets market tight? Which application/end-user category or Product Type [Vest Type Inflatable Lifejackets and Yoke Type Inflatable Lifejackets] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Inflatable Lifejackets market and other related sub-markets covered in the study.
o Key & emerging players in the Inflatable Lifejackets market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Inflatable Lifejackets market size is calculated using market estimation process, the Inflatable Lifejackets market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Inflatable Lifejackets market size has been validated using both top-down and bottom-up approaches.