Diving equipment are utility products used by underwater divers to facilitate the process of underwater diving for various purpose such as R&D, recreational, maintenance defense, and others. The essential equipment used in diving are underwater breathing apparatus, bouncy managing devices, diving suits, and others.
Diving equipment used during recreational diving are generally personal equipment and are carried by the diver, but during professional diving, especially when operating in the surface supplied or saturation mode, a lot of support equipment are involved in the diving activity and these equipment are not carried by the diver.
Diving equipment are utility products used while going under water. Diving may involve recreational, R&D, and defense activity. The growth of the diving equipment market is attributed to rise in disposable income, introduction of low cost airlines, surge in travel & tourism, especially in coastal area, rise in demand to involve adventurous activities during family vacations. In addition, rise in construction of sea links to facilitate the growth of trade and artificial construction of island in coastal cities such as Singapore, Dubai, and New York, is anticipated to foster the growth of the diving equipment market. Moreover, increase in R&D for oil & gas and development of large hydroelectric power plants is anticipated to further foster the growth of the 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 diving equipment 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
The study provides an in-depth analysis of the market, with current trends and future estimations to elucidate the investment pockets.
A comprehensive analysis of factors that drive and restrict the growth of the market is provided.
The report provides a quantitative analysis to help the stakeholders to capitalize on prevailing market opportunities.
An extensive analysis of different segments facilitates to understand various products of the market.
The key players are profiled, and their strategies are analyzed thoroughly, which predict the competitive outlook of the market.
KEY MARKET SEGMENTS
By Type
BCD & Regulator
Cylinder & 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
What is the estimated value of the Global Diving Equipment Market?
What is the growth rate of the Global Diving Equipment Market?
What is the forecasted size of the Global Diving Equipment Market?
Who are the key companies in the Global Diving Equipment Market?
Report Attribute | Details |
---|---|
No. of Pages | 210 |
Published | July 2018 |
Forecast Period | 2017 - 2025 |
Estimated Market Value ( USD | $ 3731.4 million |
Forecasted Market Value ( USD | $ 5106.7 million |
Compound Annual Growth Rate | 4.0% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |
Table of Contents
Executive Summary
According to a new report, titled, Global Diving Equipment Market by Type, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2017-2025, the global diving equipment market size was valued at $3,731.4 million in 2017, and is expected to reach $5,106.7 million by 2025, registering a CAGR of 4.1% from 2018 to 2025.Diving equipment are utility products used while going under water. Diving may involve recreatiol, R&D, and defense activity. The growth of the diving equipment market is attributed to rise in disposable income, introduction of low cost airlines, surge in travel & tourism, especially in coastal area, and rise in demand to involve adventurous activities during family vacations. In addition, rise in construction of sea links to facilitate the growth of trade, and artificial construction of island in coastal cities such as Singapore, Dubai, and New York, is anticipated to foster the growth of the diving equipment industry. Moreover, increase in R&D for oil & gas and development of large hydroelectric power plants is anticipated to further foster the growth of the market.
By type, the BCD & regulator segment was the highest contributor in 2017. These products are used by approximately 35%-38% of the divers. The exposure suit segment is anticipated to witness the highest growth, as it is the most common equipment and undergoes high wear & tear.
Key Findings of the Diving Equipment Market:
By type, the BCD & regulator segment dominates the global diving equipment market and is expected to grow at a high CAGR of 4.5%, in terms of revenue, during the forecast period.
By distribution channel, the specialty store segment contributes to close to half of the global market in 2017 and is anticipated to grow at a notable CAGR of 4.0%, from 2018 to 2025.
By distribution channel, the online segment contributed more than one-fourth of the global market and is expected to witness the highest growth rate at a CAGR of 4.8% in terms of value.
By type, the exposure suit segment is the most commonly used equipment and is anticipated to witness a CAGR of 5.4% during the forecast period.
The Asia-Pacific region dominates the global diving equipment market, and is estimated to hold more than one-fourth of the global market in terms of revenue and is anticipated to witness the highest growth rate during the forecast period.
The major companies profiled in this report include American Underwater Products, Inc., Aqua Lung Intertiol, 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.
Companies Mentioned
- AQUATEC - DUTON INDUSTRY CO, LTD
- American Underwater Products, Inc
- Aqua Lung International
- Beuchat
- Cressi Sub spa
- Dive Rite
- H2Odyssey
- Johnson Outdoors Inc
- Mares SpA
- Poseidon Diving System AB
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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