The global diving equipment market size was valued at $3.5 billion in 2023, and is projected to reach $8.1 billion by 2035, growing at a CAGR of 7.5% from 2024 to 2035.A wide range of necessary items for both safety and underwater exploration are included in diving equipment. This usually consists of a mask for vision, a snorkel for breathing close to the surface, fins for propulsion, a wetsuit or drysuit for thermal protection, a regulator for breathing gas supply, a diving cylinder to store breathing gas, a buoyancy control device (BCD), and weights for buoyancy control. Underwater lights for visibility, underwater cameras for recording marine life, and dive computers for tracking depth and time are examples of additional equipment. For safe and pleasurable diving experiences, proper equipment maintenance and training are essential.
The growth of the diving equipment market is attributed to a rise in industrial & construction activity coupled with disposable income and a surge in coastal tourism. Government initiatives in the development & promotion of travel & tourism coupled with the introduction of low-cost airlines have significantly impacted the global tourism industry. The growth of the global tourism industry has a great impact on the economic growth of various destinations, especially the mass tourist places such as the coastal regions. A lot of tourists across the globe prefer to travel to the coastal regions, especially during winter. The regions that meet the three ‘S’ criteria, Sea, Sand, and Sun, witness the highest demand among coastal visitors.
Moreover, with the development of various extreme sports, recreational diving significantly gains popularity among travelers, backpackers, and honeymoon couples. This surge in demand for the recreational market is anticipated to foster the growth of the diving equipment market. However, the market growth is anticipated to face numerous hurdles owing to the rise in fatal accidents while diving, and the high expense involved with the product & training. Nevertheless, the practice of a sustainable aquatic environment is anticipated to improve the marine flora & fauna and is projected to attract more recreational divers. This is anticipated to boost the growth of the diving equipment market.
The report segments the global diving equipment industry based on type, distribution channel, and region. Based on type, it is divided into BCD & regulator, cylinder & diving propulsion vehicle, decompression chamber, exposure suit, and accessories. Based on distribution channel, it is categorized into specialty store, online, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the market focus on key market strategies, such as mergers, acquisitions, collaborations, and partnerships. They also focus on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the market include American Underwater Products, Inc., Aqua Lung International, Johnson Outdoors Inc., Mares S.p.A, Poseidon Diving System AB, Cressi Sub s.p.a, Beuchat, AQUATEC - DUTON INDUSTRY CO., LTD., H2Odyssey, and Dive Rite.
The growth of the diving equipment market is attributed to a rise in industrial & construction activity coupled with disposable income and a surge in coastal tourism. Government initiatives in the development & promotion of travel & tourism coupled with the introduction of low-cost airlines have significantly impacted the global tourism industry. The growth of the global tourism industry has a great impact on the economic growth of various destinations, especially the mass tourist places such as the coastal regions. A lot of tourists across the globe prefer to travel to the coastal regions, especially during winter. The regions that meet the three ‘S’ criteria, Sea, Sand, and Sun, witness the highest demand among coastal visitors.
Moreover, with the development of various extreme sports, recreational diving significantly gains popularity among travelers, backpackers, and honeymoon couples. This surge in demand for the recreational market is anticipated to foster the growth of the diving equipment market. However, the market growth is anticipated to face numerous hurdles owing to the rise in fatal accidents while diving, and the high expense involved with the product & training. Nevertheless, the practice of a sustainable aquatic environment is anticipated to improve the marine flora & fauna and is projected to attract more recreational divers. This is anticipated to boost the growth of the diving equipment market.
The report segments the global diving equipment industry based on type, distribution channel, and region. Based on type, it is divided into BCD & regulator, cylinder & diving propulsion vehicle, decompression chamber, exposure suit, and accessories. Based on distribution channel, it is categorized into specialty store, online, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the market focus on key market strategies, such as mergers, acquisitions, collaborations, and partnerships. They also focus on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the market include American Underwater Products, Inc., Aqua Lung International, Johnson Outdoors Inc., Mares S.p.A, Poseidon Diving System AB, Cressi Sub s.p.a, Beuchat, AQUATEC - DUTON INDUSTRY CO., LTD., H2Odyssey, and Dive Rite.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the diving equipment market analysis from 2023 to 2035 to identify the prevailing diving equipment market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the diving equipment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global diving equipment market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- BCD and Regulator
- Cylinder and Diving Propulsion Vehicle
- Decompression Chamber
- Exposure Suit
- Accessories
By Distribution Channel
- Specialty Store
- Online
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Ireland
- Norway
- Netherlands
- UK
- Spain
- Rest of Europe
- Asia-Pacific
- Philippines
- Indonesia
- Thailand
- Malaysia
- Australia
- Fiji
- New Zealand
- Rest of Asia-Pacific
- LAMEA
- Egypt
- South Africa
- Cayman Islands
- Honduras
- Bahamas
- Rest of LAMEA
Key Market Players
- American Underwater Products, Inc.
- Aqua Lung International
- Johnson Outdoors Inc.
- Mares S.p.A
- Poseidon Diving System AB
- Cressi Sub s.p.a
- Beuchat International
- AQUATEC - DUTON INDUSTRY CO., LTD.
- H2Odyssey
- Dive Rite
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: DIVING EQUIPMENT MARKET, BY TYPE
CHAPTER 5: DIVING EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 6: DIVING EQUIPMENT MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
- American Underwater Products, Inc.
- Aqua Lung International
- Johnson Outdoors Inc.
- Mares S.p.A
- Poseidon Diving System AB
- Cressi Sub s.p.a
- Beuchat International
- AQUATEC - DUTON INDUSTRY CO., LTD.
- H2Odyssey
- Dive Rite
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | May 2024 |
| Forecast Period | 2023 - 2035 |
| Estimated Market Value ( USD | $ 3.5 billion |
| Forecasted Market Value ( USD | $ 8.1 billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
