What is Personal Flotation Devices?
Personal floatation devices are designed so as to be used as a support for making sure of a safe floating over the water. It is a kind of protective equipment, which is particularly only for safety purpose during boating, water sports and sometimes for emergency situations. These devices helps in holding a person upright and can turn the person entirely from face-down to face-up. A personal floatation device is light-weight and less compact than that of a lifejacket. The personal floatation device is packed with foam so as to keep people warm in water and the heat is uniformly distributed all around the body.
The market study is broken down by Type (Buoyancy Aid (Foam Core), Life Jacket, Survival Suit, Buoyancy Compensator and Others), by Application (Aquaculture industry, Oil & Gas industry, Naval industry and Others) and major geographies with country level break-up.
The companies are now exploring the market by adopting merger & acquisition, expansion, investments, a new development in existing products and collaboration as their preferred strategies. The players are also exploring new geographies and industries through expansion and acquisition so as to avail a competitive advantage through combined strategies. Analysts at AMA Research estimates that Vendors from European will contribute to the maximum growth of Global Personal Flotation Devices market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Survitec Group (United Kingdom), VIKING Life-Saving Equipment (Denmark), The Coleman Company (United States), Kent Sporting Goods Inc. (United Kingdom), Mustang Survival (United States), Hansen Protection AS (United Kingdom), Drägerwerk AG & Co. KGaA (Germany), LALIZAS (Greece), SECUMAR - Bernhardt Apparatebau GmbH u. Co. (Denmark), International Safety Products (United Kingdom) and Northwest River Supplies Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Salus Marine Wear Co. (Canada), Aqua Lung International (France) and Stormy Lifejackets Pty Ltd (Australia).
AdvanceMarketAnalytics has segmented the market of Global Personal Flotation Devices market by Type, Application and Region.
On the basis of geography, the market of Personal Flotation Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Personal Flotation Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Materials, the sub-segment i.e. Nylon will boost the Personal Flotation Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Passenger & Aircraft Crew will boost the Personal Flotation Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Inflatable Type, the sub-segment i.e. Manual will boost the Personal Flotation Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Concerns of the Countries towards the Establishment of Innovative Technology for the Coastal Surveillance Is Leading To Substantial Growth Prospects in Personal Floatation Devices
- Increasing focus on preventing marine fatalities
- Increasing Tourism across Various Regions Is Also Expected To Create Demand for the Personal Floatation Devices across All the Regions
- Increasing Water Recreational Activities and Defense Spending Is Also Anticipated To Upsurge the Market
- Increase in the Coastal Surveillance Applications, and Security Threats from Sea Routes, etc. can Provide Opportunities For the Market to Grow
- The Upcoming Army and Naval Operations and Increasing Air Tourism around the Globe Are Expected To Develop the Global Personal Floatation Devices Market
- Selection of Suitable and Correct Flotation Devices
- Lack Of Awareness Related To Usage, Weight Limit, Life Jacket Fit, And Uncertain Performance
Key Target AudiencePersonal Flotation Devices Manufacturing Companies, Personal Flotation Devices Distributors and Suppliers, Raw Material Suppliers, Potential Investors, Marker Research Firms and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.