According to Cognitive Market Research, The Global Life Buoy market size is USD 1300 million in 2023 and will expand at a compound annual growth rate (CAGR) of 7.50% from 2023 to 2030.
The demand for life buoy is rising due to an increase in the demand for life buoy jackets among the young generation.
Demand for rings remains higher in the life buoy market.
The leisure & water sports category held the highest life buoy market revenue share in 2023.
North America will continue to lead, whereas the European life buoy market will experience the most substantial growth until 2030.
