Personal Floatation Devices Market Trends

Personal Floatation Devices Market Drivers

Improved Infrastructure and Increase in Purchasing Power to Boost Market Growth

• Main drivers of the growth of the PFD industry have been identified as strong economic growth in crucial marine markets and rising public expenditure in the construction of boating infrastructure.
• The increase in life monotony and increased disposable income have both contributed to an increase in global tourism growth. The population's interest in aquatic adventure tourism is increasing due to rising purchasing power, which is favorably affecting the market's expansion.

Personal Floatation Devices Market Restraints

Lack of Awareness and Seasonal Demand to Impact the Market Growth

• The global market for personal flotation devices may be restricted by a lack of awareness regarding several uses, weight limits, and life jacket fit.
• Seasonal demand to impact the market growth as the demand for PFD highly occurs during summers. Manufacturers can find this challenging to sustain business cycles throughout the year.