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Diving Suits - Global Strategic Business Report

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    Report

  • 367 Pages
  • December 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5985513
The global market for Diving Suits was estimated at US$545.9 Million in 2023 and is projected to reach US$781.0 Million by 2030, growing at a CAGR of 5.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Diving suits are essential gear for underwater exploration, offering protection and thermal insulation to divers in various aquatic environments. These suits come in two primary types: wetsuits and drysuits. Wetsuits are typically made from neoprene, a synthetic rubber that provides excellent insulation by trapping a thin layer of water between the suit and the diver's body, which is then warmed by body heat. Wetsuits are preferred for recreational diving in warmer waters. On the other hand, drysuits are designed to keep the diver completely dry by using watertight seals at the wrists, neck, and ankles, combined with robust materials like trilaminate or vulcanized rubber. Drysuits are ideal for diving in colder waters and more extreme conditions, offering superior thermal protection by allowing divers to wear insulating undergarments.

The design and functionality of diving suits have seen significant advancements, driven by both technological innovation and changing consumer demands. Modern diving suits incorporate features like improved seam construction, flexible panels for better movement, and advanced zippers that enhance waterproofing. Manufacturers are also focusing on reducing the environmental impact by using more sustainable materials and production processes. The aesthetic appeal of diving suits has not been overlooked, with brands offering a range of styles and colors to attract fashion-conscious divers. Additionally, the rise of technical diving, which includes activities like cave diving and wreck exploration, has spurred the development of specialized suits that offer enhanced durability and functionality to meet the demands of these challenging environments.

The growth in the diving suits market is driven by several factors. Firstly, the increasing popularity of recreational diving and marine tourism is expanding the consumer base, particularly in coastal regions and holiday destinations. Secondly, advancements in material science, such as the development of more flexible and durable neoprene alternatives, have significantly enhanced the performance and comfort of diving suits. Thirdly, the rising awareness and interest in marine conservation and underwater photography are encouraging more people to take up diving, boosting the demand for high-quality gear. The expansion of e-commerce platforms has also made diving suits more accessible, allowing consumers to easily compare and purchase products online. Additionally, collaborations between diving gear manufacturers and professional divers have led to the creation of highly specialized suits that cater to the needs of different diving activities. Lastly, marketing strategies focusing on the adventurous and exploratory aspects of diving, along with endorsements by renowned divers, have been effective in attracting new enthusiasts and maintaining the market's momentum. These factors collectively contribute to the robust growth and innovation within the diving suits market.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Wet Suits segment, which is expected to reach US$564.3 Million by 2030 with a CAGR of a 5.1%. The Dry Suits segment is also set to grow at 5.6% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, which was estimated at $206.1 Million in 2023, and China, forecasted to grow at an impressive 7.1% CAGR to reach $81.3 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Diving Suits Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Diving Suits Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Diving Suits Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Apeks Marine Equipment Ltd., Aqualung Group, AQUATEC - Duton Industry Co. Ltd., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 61 Featured):

  • Apeks Marine Equipment Ltd.
  • Aqualung Group
  • AQUATEC - Duton Industry Co. Ltd.
  • Beuchat International
  • Cressi Sub s.p.a
  • Dive Rite
  • Diving Unlimited International (DUI)
  • Gul Watersports Ltd.
  • H2Odyssey
  • ION (A Brand of Boards & More GmbH)
  • Matuse, Inc
  • Prolimit
  • Rip Curl
  • SALVIMAR srl
  • SCUBAPRO (A Brand of Johnson Outdoors Inc.)
  • SHEICO Group
  • Typhoon International Limited
  • Xcel Wetsuits

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Global Market Outlook
  • Global Economic Update
  • World Economic Growth Projections (Real Gross Domestic Product (GDP), Annual % Change) for the Years 2022 Through 2025
  • Global Headline Inflation Rates (In %) for the Years 2019 through 2025
  • Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2019 through 2025
  • Diving Suits - Global Key Competitors Percentage Market Share in 2024 (E)
  • Diving Suits Competitor Market Share Scenario Worldwide (in %): 2023E
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Diving Suits: An Introduction
  • Recent Market Activity
  • Influencer/Product/Technology Insights
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rise of Recreational Scuba Diving Globally Expands the Addressable Market Opportunity for Diving Suits
  • Innovative Materials Accelerate Demand: Evolution of Thermal and Pressure-Resistant Fabrics
  • Ergonomic Composite Diving Suits: A Leap Forward for Diving Equipment
  • Innovative Non-Neoprene Wetsuits to Transform Diving Technology
  • Exploring the Expansion of the Global Diving Suits Market through Technological Innovation
  • Sustainability in Material Sourcing Strengthens the Business Case for Eco-Friendly Diving Suits
  • Growth in Coastal Tourism Spurs Diving Gear Sales and Market Expansion
  • Scuba Diving Suit Adapts to New Challenges with Material, Technology and Design Innovations
  • Diving Suits: The Sail Ahoy Moment with the Wave of Deep-Sea & Underwater Tourism
  • Expansion of Oil and Gas Industry to Drive Growth
  • Global Upstream Oil& Gas CAPEX (In US$ Billion) for Years 2020- 2024E
  • Global Oil Demand Estimates and Forecasts (In Million Barrels per Day) for Years 2018-2030
  • Integration of IoT in Diving Suits Drives Adoption of Smart Technologies
  • Growing Trend of Underwater Photography and Videography Propels Market Expansion
  • Surge in Female Scuba Divers Generates New Market Segments
  • Customized Diving Suits: Enhancing Performance and Emphasizing Individual Needs
  • Developments in Suits for Naval Operations Strengthen Demand in Military Applications
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Diving Suits Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Diving Suits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Diving Suits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 4: World 16-Year Perspective for Diving Suits by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2014, 2024 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Wet Suits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Wet Suits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 7: World 16-Year Perspective for Wet Suits by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Dry Suits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Dry Suits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 10: World 16-Year Perspective for Dry Suits by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Mid-Range Diving Suits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Mid-Range Diving Suits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 13: World 16-Year Perspective for Mid-Range Diving Suits by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Luxury Diving Suits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Luxury Diving Suits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 16: World 16-Year Perspective for Luxury Diving Suits by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Economy Diving Suits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Economy Diving Suits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 19: World 16-Year Perspective for Economy Diving Suits by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Offline Distribution Channel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Offline Distribution Channel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 22: World 16-Year Perspective for Offline Distribution Channel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Online Distribution Channel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Online Distribution Channel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 25: World 16-Year Perspective for Online Distribution Channel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Diving Suits Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADAJAPAN
CHINA
  • Diving Suits Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Diving Suits Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Diving Suits Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Diving Suits Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
REST OF ASIA-PACIFICLATIN AMERICAREST OF WORLDIV. COMPETITION

Companies Mentioned

  • Apeks Marine Equipment Ltd.
  • Aqualung Group
  • AQUATEC - Duton Industry Co. Ltd.
  • Beuchat International
  • Cressi Sub s.p.a
  • Dive Rite
  • Diving Unlimited International (DUI)
  • Gul Watersports Ltd.
  • H2Odyssey
  • ION (A Brand of Boards & More GmbH)
  • Matuse, Inc
  • Prolimit
  • Rip Curl
  • SALVIMAR srl
  • SCUBAPRO (A Brand of Johnson Outdoors Inc.)
  • SHEICO Group
  • Typhoon International Limited
  • Xcel Wetsuits

Table Information