Diving Equipment Market Report 2025

The diving equipment market size has grown strongly in recent years. It will grow from $4.66 billion in 2024 to $5.07 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to tourism and leisure activities, safety standards and regulations, military and defense applications, environmental awareness, diving industry growth.

The diving equipment market size is expected to see strong growth in the next few years. It will grow to $7.09 billion in 2029 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to adventure tourism trends, safety and training standards, health and wellness trends, environmental conservation, global market expansion, changing consumer preferences. Major trends in the forecast period include technological integration, technological advancements, rise in recreational diving, sustainability and eco-friendly design, underwater photography and videography.

The growing popularity of water sports is expected to drive the expansion of the diving equipment market in the foreseeable future. Water sports encompass various activities played or practiced on water, including swimming, water polo, and surfing. Diving equipment plays a crucial role in ensuring the safety and comfort of participants in these water sports. Items such as rashguards, wetsuits, hoods, boots, gloves, and earplugs are commonly used in scuba diving, enhancing the overall experience. For example, as reported by World Aquatics (formerly known as FINA), a Switzerland-based international water sports competition administrator, the 19th FINA World Championships held in Budapest in 2022 featured the participation of 2,000 athletes from 180 countries. Similarly, in 2023, the World Aquatics Championships in Fukuoka attracted 2,392 athletes representing 194 countries. These events underscore the global enthusiasm for aquatic sports. As water sports continue to gain popularity, the demand for diving equipment is expected to rise, driving the growth of the diving equipment market.

An increase in disposable income is anticipated to drive the growth of the diving equipment market in the future. Disposable income refers to the total amount of money available to an individual or household for spending and saving after taxes have been deducted. When disposable income rises, it typically leads to higher spending on recreational activities like scuba diving, which can boost the demand for diving equipment. For example, in September 2024, Federal Reserve Economic Data, a research division of the Federal Reserve Bank of St. Louis, reported that real disposable personal income rose from $48,619 in July 2022 to $52,232 in July 2024. Therefore, the increasing disposable income is contributing to the growth of the diving equipment market.

Major companies in the diving equipment market are concentrating on creating innovative products, such as scuba diving gear, to enhance safety, boost performance, and provide a superior underwater experience for divers. Scuba diving equipment includes the gear used by divers to explore underwater settings, offering vital support for breathing, mobility, and safety. It is essential for facilitating deep-sea exploration, underwater research, and recreational diving by ensuring dependable breathing and safe navigation below the surface. For example, in July 2024, Dive Rite, a US-based manufacturer of SCUBA diving equipment and dive gear, introduced a new line of scuba diving products in olive drab (OD) green. This collection features several popular items, including the XT Fins, ES155 Mask, and Hydro Lite BCD, with the fins designed to improve propulsion and efficiency underwater.

Major companies operating in the diving equipment market are strategically pursuing partnerships to enhance their profitability and overall market position. Partnerships in the diving equipment industry typically involve collaborative agreements among manufacturers, suppliers, distributors, and stakeholders, aiming to achieve common objectives such as product development, market expansion, or the enhancement of safety standards. An illustrative example is the collaboration between Sonardyne International Ltd., a UK-based subsea instrumentation manufacturer, and Shearwater Research, a Canada-based manufacturer of technical diving products. In March 2023, these companies joined forces to integrate the Shearwater Petrel 2 and DiveCAN with DiveTrack, a robust diver tracking and communication system. This collaboration allows the DiveTrack transponder to seamlessly integrate with the Shearwater system, facilitating comprehensive diver metric monitoring, real-time tank pressure updates, and streamlined communication. The integration is designed to enhance dive safety and training control by providing dive supervisors with improved visibility and efficient management of their dive teams. Such partnerships underscore the industry's commitment to innovation and safety through collaborative efforts.

In December 2023, Barings, a US-based insurance service company, acquired Aqualung Group for an undisclosed sum. This acquisition is intended to strengthen Aqualung's capabilities and market presence. With the backing of Barings, Aqualung plans to launch innovative technologies and products that cater to the changing needs of divers and water sports enthusiasts worldwide. Aqualung Group is a US-based manufacturer of self-contained breathing apparatus and various diving equipment.

Major companies operating in the diving equipment market include IST Sports Corp., Johnson Outdoors Inc., Mares Italia S.p.A., Suunto Oy, H2Odyssey Corporation, Tabata Co. Ltd., Dive Rite Systems International LLC, SeaQuest International LLC, Huish Outdoors LLC, Body Glove International, Zeagle Systems Inc., Poseidon Sweden AB, Cressi Sub SpA, Henderson Aquatics LLC, Apeks Valves Ltd., Tusa Sport Co. Ltd., Diving Unlimited International Inc., Atomic Aquatics LLC, Beuchat International SA, Aqua Lung International, Apollo Sports International, Saekodive Ltd., Aquatec-Duton Industry Co. Ltd., Halcyon Dive Systems Inc., Sherwood Scuba Industries Inc., American Underwater Products Inc.

North America was the largest region in the diving equipment market in 2024. North America is expected to be the fastest-growing region in the diving equipment market during the forecast period. The regions covered in the diving equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the diving equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Diving equipment encompasses safety and protection products such as tank bangers and defoggers used by underwater divers. These tools enhance the feasibility, ease, safety, and comfort of diving activities.

Diving equipment encompasses various types, including rebreathers, cylinders and propulsion vehicles, decompression chambers, exposure suits, accessories, and more. Rebreathers are breathing apparatuses utilized by underwater divers, designed to absorb the exhaled carbon dioxide to enable rebreathing. Diving occurs at different depths, including recreational, clearance, and saturation diving, with diverse end-users such as the oil and gas industry, naval industry, aquaculture industry, and others. The distribution of these diving equipment types occurs through various channels, including specialty stores, online platforms, and other outlets.

The diving equipment market research report is one of a series of new reports that provides diving equipment market statistics, including diving equipment industry global market size, regional shares, competitors with a diving equipment market share, detailed diving equipment market segments, market trends and opportunities, and any further data you may need to thrive in the diving equipment industry. This diving equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The diving equipment market consists of sales of writing slates, underwater lights, mask, snorkel, fins, and a dive logbook. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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