The GMI Research does a complete analysis of the global scuba diving equipment market, covering an evaluation of the parental market, emerging trends by regional markets and segments, and essential changes in market overview and market dynamics.
Introduction of the Scuba Diving Equipment Market
Scuba diving equipment is majorly used by underwater divers, making diving activities effortless, comfortable, feasible, and safer for them. Scuba divers use an essential item during underwater diving: underwater breathing apparatus like scuba equipment, surface-supplied diving equipment, and other crucial pieces of equipment, making diving safer, structured, and more appropriate. Professional scuba divers use a tremendous amount of support equipment when operating in the surface-supplied, while recreational scuba divers use personal equipment, they carry with them.
Key Players of Market:
- Aquatec – Duton Industry Co. Ltd.
- Diving Unlimited International
- Apollo Sports Inc.
- Aqua Lung International
- Marquee Brands
- Johnson Outdoors Inc.
- Henderson Aquatics
- IST SPORTS CORP.
- Huish Outdoors
Scuba Diving Equipment Drive Market Dynamics
The key factors responsible for surging the growth of the scuba diving equipment market are growing awareness about the health advantages, desire to be fit and toned from diving exercises, and increasing participation in underwater sports. The expanding tourism in the coastal regions is driving the scuba diving equipment market; Tourism is essential for propelling the rise of the scuba diving equipment market. Several governments take initiatives to promote tourism. Diving equipment gives a comfortable, convenient, and safer environment for underwater divers. The oil and gas industry is adopting scuba diving equipment in their exploration and maintenance activities at offshore machinery, which increases the scuba diving equipment market. The increasing number of hydroelectric projects for the power generation processes across the globe also accelerates the growth of the global scuba diving equipment market.
Furthermore, people are spending their disposable income on recreational activities and tours. The growing trend of professional diving for recording and underwater documentary creation plays a pivotal role in raising the global scuba diving equipment market. However, the growth of the global scuba diving equipment market can slow down because of the fear among the people regarding several diving accidents and few platforms for diving equipment.
Product Type Segment Drivers
Based on product type, the bags and apparel segment foresees a higher CAGR over the forecast period. The bags and apparel segment consists of several products, like masks, BCDs wetsuits, and drysuits. These products play a critical role in scuba diving activities to maintain neutral underwater resilience, keep divers warm, give state-of-the-art thermal protection, and create an air space amidst the diver’s eye and the surrounding. According to the scuba diving equipment market report, these characteristics necessarily raise the growth of the bags and apparel segment in the global scuba diving equipment market.
Distribution Channel Type Segment Drivers
Based on distribution channel type, the specialty stores segment discerns to grow at a faster CAGR during the forecast period. These stores are near the coastal regions, enabling divers to buy scuba diving equipment anytime they want to dive. These stores fulfill the divers need as it consists of various scuba diving equipment and accessories, including underwater propulsion devices. These components are responsible for the growth of the specialty stores segment in the global scuba diving equipment market.
The Asia-Pacific region is expected to rise at a higher CAGR over the forecast period. The outdoor activities have constantly been increasing in this region, which is undoubtedly rising the market, primarily due to the tremendous growth opportunities for scuba diving equipment vendors. The growing awareness regarding health benefits and increasing participation in water sports activities are responsible for considerable growth to the scuba diving equipment market in the Asia-Pacific.
Scuba Diving Equipment Market Segmentation:
Segmentation by Product Type
- Bags and Apparel
- Rebreathers and Regulators
- Diving Computers and Gauges
Segmentation by Distribution Channel
- Specialty Stores
Segmentation by Region
- North America
- The United States of America
- The United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of APAC
- South Africa
- Saudi Arabia
- Rest of RoW
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