PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1076968
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1076968
The global Ocean Racing Jacket market is estimated to be worth $280.4 million in 2021. Ocean Racing Jacket market is expected to expand at an 6.8% CAGR during the forecast period.
Market Introduction
A sleeveless, inflating, buoyant jacket that keeps the wearer afloat in water is known as an Ocean Racing Jacket. In-water activities and other aquatic activities, it is the single most important piece of safety equipment. Ocean racing jackets are meant to keep the wearer's torso above water and prevent drowning. The number of individuals participating in sports is increasing as a result of improved health and fitness awareness. Individuals who want to be physically fit are currently engaging in athletic activities, which is expected to help the global Ocean Racing Jacket Market's future growth. The market's growth is also aided by women's participation in sports. Marine activities appeal to people of all ages, and specific types of jackets are employed in high-demand water sports. Despite their lack of regular physical participation in Ocean sports, the population's love for the sport is strong, which will undoubtedly fuel market expansion.
Market Dynamics
The Ocean Racing Jacket market is expected to witness a lucrative growth rate during the forecast period. While boating, one needs a sailing jacket that provides protection from the cold, wind, and water. It all comes down to selecting the appropriate attire for the navigation and practice. Water sports participation has increased significantly in industrialized countries such as Europe and North America. The popularity of core boating sports such as kayaking and rafting is growing, leading to a higher demand for efficient and essential safety equipment such as Ocean Racing Jackets. Because most water sports pros are younger, they are more likely to trip and go overboard, necessitating the employment of Ocean Racing Jackets. Ocean Racing Jacket manufacturers are striving to balance their annual net profits due to the seasonal nature of the water sports industry.
Segmentation Analysis
Ocean Racing Jacket Market is segmented By Product, Application, and Geography. Based on application, the Men Segment is estimated to account for the major proportion of the Ocean Racing Jacket Market during the forecast period. Women compete quite efficiently against men, according to recent comparative study results from Ocean Racing or Sports, and often outperform them. Men continue to make up the bulk of ocean sports participants. The ratio of male to female participants is around 60 percent male to 40% female. However, various companies provide jackets, and overalls designed specifically for ladies are also available. Women's watch jackets, for example, are more curved to provide more comfort, and the Drop Seat cut provides more comfort. Based on product, The GORE-TEX segment dominated the Ocean Racing Jacket Market. Because it keeps the core completely dry for days on end, this jacket will survive the wear and tear thanks to military-grade fabrics and Cardura 1000D reinforcements.
Competitive Landscape
Players compete and collaborate to achieve a significant market share in this fairly fragmented because of the presence of a large number of market players. The companies are focusing on initiatives such as expansions, product launches, and product enhancements to gain a large portion of the Ocean Racing Jacket market. Manufacturers are using this opportunity to develop their market presence with high-quality products. For instance, in January 2022, TRIBORD by Decathlon launched the new Offshore 900, weather-resistant and efficient watchkeeping attire. In May 2021, Zhik announced its partnership with AkzoNobel Ocean Racing for The Ocean Race Europe 2021. The team will wear Zhik's new OFS800 offshore garments.
Key features of the study:
This proposed research study on Ocean Racing Jacket market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2022-2028), considering 2021 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Ocean Racing Jacket market.
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Ocean Racing Jacket market.
Impact of COVID-19 on Ocean Racing Jacket market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Ocean Racing Jacket market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Ocean Racing Jacket market, we have also included competitive landscape and key innovator analysis for the Ocean Racing Jacket market
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Ocean Racing Jacket market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Ocean Racing Jacket market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
Global Ocean Racing Jacket Market Key Players
Gill Marine
Guy Cotton
Helly Hansen
Henri Lloyd
Hudson Wight
Mustang Survival
Osculati
Plastimo
Slam
TRIBORD
Global Ocean Racing Jacket Market by Product
GORE-TEX
Fleece
Global Ocean Racing Jacket Market by Application
Women
Men
Global Ocean Racing Jacket Market by Region
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa