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Personal Floatation Devices Market: Industry Player, Share, Trends and Forecast Until 2028
Global sales of personal flotation devices are likely to equate over US$ 6 Bn in revenues by the end of 2028.


Fact.MR
BriefingWire.com, 6/14/2018 - Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of Personal Floatation Devices Market. The study is titled as “Personal Floatation Devices Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2026. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the Global Personal Floatation Devices Market.

Request For Sample Report @ www.factmr.com/connectus/sample?flag=S&rep_id=740

The personal floatation device market is witnessing a notable shift from ‘distributor-based’ selling to direct-to-customer online channel. Catering to the requirements of last mile consumers is presenting a lucrative opportunity for manufacturers, and leveraging online sales channels can help brands leverage the emerging opportunities, finds a new study. The report projects the direct to customer sales channel to grow at 4.9% CAGR during the assessment period 2018-2028.

Use of personal floatation devices during recreational activities continues to be the biggest market opportunity for manufacturers. Increasing emphasis on recreational boating safety has been instrumental in driving up sales in many markets. The USGC mandate on having at least one USGC-approved wearable life jacket for each person on board in the US has pushed demand in the country. Stringency in regulations as per the new EU regulation 2016/425 has led to the move from PPE II to PPE III, and led to stricter evaluation requirements for the products. It is highly likely that stringency in mandates will continue to augment sales during the assessment period.

The report finds that manufacturers are focusing on making incremental improvements in their product offerings to consolidate their position in the market. The incremental improvements encompass both technology and materials – integration of GPS, personal locator beacon, low profile chassis, and lifting loops are some of the integrations made by manufacturers.

View Report @ www.factmr.com/report/740/personal-floatation-devices-market

North America Personal Floatation Device Sales Nearly 2x of Europe

The report finds that North America continues to reign supreme in the personal floatation devices market. The market opportunity in North America is nearly twice as compared to Europe, which is the second largest market for personal floatation devices. The North American personal floatation devices market continues to be heavily concentrated in the US, where state-level and federal mandates have given a fillip to sales. Demand also continues to be supplemented by the relatively high number of boat fleet and boat owners. The report estimates that over US$ 1.7 Bn worth of personal floatation devices were sold in North America in 2017.

Check Discount @ www.factmr.com/connectus/sample?flag=D&rep_id=740

 
 
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