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Victoria Day long weekend is a first chance for many folks to get their docks set up, prep boats for the season, and head out on the open water. But cold water is an important factor to consider, . . .
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Amid the COVID-19 crisis, the global market for Personal Flotation Devices estimated at US$6.2 Billion in the year 2020, is projected to reach a revised size of US$7.5 Billion by 2027, growing at a CAGR of 2.8% over the period 2020-2027.
The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 5.3% CAGR
The Personal Flotation Devices market in the U.S. is estimated at US$1.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2027 trailing a CAGR of 5.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.