Global Inflatable lifejacket Market To Grow At 8.7% CAGR Between 2018-2022

Date: 2018-03-19

An inflatable lifejacket is a special type of clothing. They can inflate all by themselves; others need to be filled with air manually. The vest makes people float in water. It also keeps their head out of the water so that they can breathe. There are different categories of life vests. They are mainly different in how much flotation they provide. 

Inflatable lifejackets are used for recreational activities and sports; dangerous work activities; and transportation, thanks to the rising popularity of water sports activities, and the growing flights and passenger liners for travelling etc across the globe, Inflatable lifejacket market is positive in terms of volume for the forecast period, according to research, the global Inflatable lifejacket market is projected to grow at 8.7% CAGR during 2018-2022.

Geographically, the Asia Pacific is expected to grow at highest CAGR during the forecast, increasing awareness of safety in developing nations such as India and China is the main driving factors, rising disposable income in developing countries leads to spend more on water events which directly is expected to fuel the lifejackets market over the forecast period. 

Region followed by North America, North America is the largest Inflatable lifejackets market as they have booming water sports and save back up, and the manufacturers have been concentrating on modifying existing products and designing accessories to increase the usability of safety Inflatable lifejackets in a variety of environmental conditions.

Base on type, Inflatable lifejacket can be categorized as Vest Type Inflatable Life Jackets and Yoke Type Inflatable Life Jackets, Yoke Inflatable lifejackets are expected to exhibit the fastest growth at a CAGR of 11.1% over the forecast year. 

Global top manufacturers operating in Inflatable lifejacket market are 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, Jiaxing Rongsheng Lifesaving Equipment among others.

Global Inflatable lifejacket market share by geography as following:

Read Full Report: http://www.gosreports.com/global-inflatable-lifejacket-market-research-report-2017/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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