Immersion Suits Market

Immersion Suits Market Outlook (2022-2032)

The global immersion suits market is estimated at US$ 472 Mn in 2022, and is forecast to reach a valuation of US$ 846 Mn by 2032, expanding at a healthy CAGR of 6% during 2022-2032.

Report Attributes	Details
Immersion Suits Market Size (2021A)	US$ 403 Mn
Market Value Forecast (2032F)	US$ 846 Mn
Global Market Growth Rate (2022-2032)	6% CAGR
East Asia Market Share (2021)	~18%
East Asia Market Growth Rate (2022-2032)	6.2% CAGR
China Market Growth Rate (2022-2032)	7.4% CAGR
Top 5 Companies’ Market Share (2021)	~40%
Key Companies Profiled	Air-Sea Safety & Survival, Inc. Euro Asia Mfg Co Ltd. Hansen Protection Hwayan Jiaxing Rongsheng Lifesaving Equipment Kent Sporting Goods Company, Inc. Marine Safety Services, Inc. Mustang Survival USA ULC.  RMS Marine Service Company Ltd. Rubex Group Scandia Gear Europe B.V. Sea Safety International, Inc. Stearns, Inc. Survitec Group White Glacier Wuxi Xingtai Shipping Equipment

Fact.MR estimates sales of immersion suits to account for nearly 70% of the global survival suits market value over the decade. In the meantime, immersion anti-exposure suits adoption is projected to rise at a CAGR of around 6% over decade.

Attributed to the properties of immersion suits such as buoyancy, insulation, and fire resistance, they are poised to find wide use case over the next ten years.

Demand Analysis of Immersion Suits (2017-2021) Vs. Market Outlook (2022-2032)

The end use that saw major use case of constant wear immersion suits was marine. This can be mainly attributed to high demand for rescue suits for operations in cargo ships and oil rigs.

Adoption of immersion jackets in the marine segment is poised to grow at a higher single-digit CAGR over the projected forecast period. Further, policies supporting HSE practices will provide major thrust to immersion suit sales and market revenue is projected to increase 2X over the decade.

Oil & Gas Exploration Activities to Drive Usage of Immersion Suits

Energy demand is at an all-time high and the need for fuel is rising at a fast pace. Consequently, to meet rising oil demand, offshore rig activities have picked up pace. Since rig life is surrounded with dangerous activities, it becomes of high importance to adopt survival suits in order to prevent human loss.

Additionally, sea life is fairly unpredictable owing to sudden change in weather conditions. Also, rig accidents in recent years such as the deep water horizon oil spill have made it mandatory for companies to provide rig workers with essential survival suits in order to cope up with any such anomalies.

The above-mentioned factors coupled with rise in the adoption of health and safety practices in the oil & gas industry is poised to drive immersion suit shipments at a CAGR of around 6% over the period of 2022-2032.

Region-Wise Analysis

Which is the Most Prominent Regional Market for Immersion Suits?

“Free Size Immersion Jackets Seeing High Demand in Europe”

Europe is projected to drive most demand growth of free size immersion suits. This can be mainly attributed to the regulations that are in place, compelling operators of oil rigs and cargo ships to provide workers with survival suits of standard industrial specifications.

For instance, the Norwegian Oil and Gas Association has specified guidelines for the use of survival suits in offshore rigs.

Additionally, maritime activities contribute extensively to Europe’s GDP. Also, over the years, there has been an increase in import and export trade activities in the region, which has driven the sales of immersion suits. On the other hand, due to Brexit, the U.K. has opened its doors to international trade deals.

This increase in import and export of goods is poised to drive demand for survival suits in the region, and thus, Europe is poised to provide an absolute dollar opportunity worth US$ 120 Mn over the decade.

Country-Wise Analysis

Which Country is Set to Provide the Highest Absolute $ Opportunity for the Immersion Jackets Market?

“U.S. to Account for Highest Sales of Water Survival Suits”

The U.S. is projected to be one of the most lucrative markets for the sales of immersion suits. This is mainly attributed to stringent rules and regulations in place for cargo vessels and oil rig operators.

Additionally, the U.S. spends the highest in outdoor recreational activities when compared to other countries. For instance, as per the Motion Picture Association of America, on an average, Americans spend around US$ 14 Bn on water sports gear each year, which emphasizes on the fact that America is a huge market for marine activities, and this has also propelled personal flotation devices sales.

Moreover, projections are that, water-based activities in the country will grow multi-fold over the decade, which will require the usage of immersion suits by professional rescuers, thus driving demand for wetsuits.

Attributed to these factors, the U.S. is projected to provide high absolute dollar opportunity worth US$ 97.1 Mn.

Category-Wise Analysis

Which End Use in Projected to Drive Sales of Immersion Suits?

“Survival Suits Highly Demanded for Professional Water Rescue Operations”

Immersion suit application in professional water rescue is anticipated to capture a majority of the market share by 2022-end. Increase in popularity of extreme water sports activities such as rafting, scuba diving, cruising, and water-skiing have made it mandatory for event organizers to provide professional rescuers with survival and diving suits.

Additionally, adoption of mandatory HSE practices in offshore rigs have been compelling oil companies to add survival water suits in their thermal protective aids equipment list, thus providing major thrust to the sales of wetsuits.

As such, immersion suit end-use in professional water rescue is anticipated to hold around 30% of the market share by 2032. Meanwhile, adoption of suits in oil & gas offshore activities will provide an absolute dollar opportunity worth US$ 95 Mn over the forecast period.

Which Type of Immersion Suits are Projected to See High?

“High Sales of Survival Suits to Lead Market Expansion”

Immersion suits as a survival suit is poised to be the most lucrative segment to invest in. Superior properties of immersion suits such as buoyancy, insulation, and waterproofing have increased their demand in rescue operations.

Additionally, immersion suits helps in the prevention of hypothermia, which is a major cause of death in maritime rescue operations. Moreover, new advancements in terms of material and optimization have increased immersion suit popularity as a protective gear for application in fishing, water sports, offshore activities, and military operations.

Attributed to these factors, immersion suits use case as a survival suit is anticipated to provide an absolute dollar opportunity worth US$ 294 Mn over the forecast period.

Competition Landscape

Jiaxing Rongsheng Lifesaving Equipment, Wuxi Xingtai Shipping Equipment, Euro Asia Mfg Co Ltd., Hwayan, Hansen Protection, Rubex Group, White Glacier, Marine Safety Services, Inc., Sea Safety International, Inc., Air-Sea Safety & Survival, Inc., Scandia Gear Europe B.V., RMS Marine Service Company Ltd., Survitec Group, Kent Sporting Goods Company, Inc., Mustang Survival USA ULC, and Stearns Inc are some of the major manufacturers of immersion suits.

• In March 2021, Survitec announced that it has signed an agreement for the purchase of Hansen. Hansen has been widely known for its high quality service and manufacturing of survival suits. The acquisition is poised to help Survitec improve its position as a leading supplier of protective suits and garner a higher market share.
• In November 2021, White Glacier diversified its product line-up by introducing the Arctic 10+ immersion suit. The company boasts of having developed a suit that exceeds current requirements in terms of specifications such as warmth, buoyancy, and fire resistance.

Key Segments Covered in Immersion Suits Industry Research

• By Insulation:

  • Insulated 
  • Non-Insulated 

• By Product Type:

  • Survival Suits
  • Rescue Suits
  • Inflated Suits

• By Size:

  • Small (S) Immersion Suits
  • Medium (M) Immersion Suits
  • Large & Extra Large (L & XL) Immersion Suits

• By End Use:

  • Marine
  • Oil Rigs
  • Military
  • Fishing
  • Professional Water Rescue
  • Paddle Sports
  • Others

• By Sales Channel:

  • Offline 
    • Brand/ Franchised Outlets
    • Independent Outlets
    • Mass Merchandisers
    • Specialty Stores
    • Modern Trade
    • Other Sales Channels
  • Online 
    • e-Commerce Platforms
    • Company/ Brand Websites

• By Region:

  • North America 
  • Latin America 
  • Europe 
  • East Asia
  • South Asia & Oceania 
  • Middle East & Africa