Snorkeling Market Revenue Is To Reach A Value Of CAGR Forecast Till 2027 | Leading Players: Aquatec-Duton Industry, XElectron, Sherwood Scuba, Johnson Outdoors, Zeagle Systems, Mares, Dive Rite, Apollo Sports And Others

Allied Market Research published a new report, titled, “Snorkeling Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Snorkeling is a widely known recreational activity, especially in tropical tourist destinations. Snorkeling is the art of swimming on or across a body of water to observe and experience underwater attractions for extended lengths of time with very little effort. As snorkeling requires the snorkeler to stay underwater for an extended period of time they need some snorkeling equipment. Snorkeling equipment includes swimfins, diving mask, breathing tube and wet suits as well for snorkeling in cool waters. Diving mask allows the snorkelers to clearly view and observe the underwater plants, fishes and other things. Swimfins facilitate propulsion so that snorkeler does not have to put much effort in swimming under the water. Breathing tube or snorkel is equipment which allows breathing while snorkeling.

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The rise in interest of adventures and sporting among millennials is the major driving force for the growth of the snorkeling sport market which in turn increases the demand for snorkeling equipment. The increase in disposable income is another factor that propels the adoption of snorkeling as a recreational activity due to which the usage of snorkeling equipment has also surged in the market.

From few years there has been an increase in number of women participation in sports and tourism, which is also helping the growth of snorkeling activity and snorkeling equipment market.

New product launches to flourish the market

New products that contain improved capabilities have been launched by leading market players. To serve the rise in demand the companies are engaged in R&D to come out with innovative product in snorkeling market. They are trying to incorporate advanced technologies in the snorkeling market.They have taken necessary steps to improve accuracy of snorkeling equipment or devices and overall functionality as well. Manufacturers have been focusing on producing new products for specific applications as there are varying demands based on the utilization. For instance, in May 2019, Jukkre a snorkeling equipment manufacturing company introduced new dry snorkel set which facilitates wider view, anti-fog features, easy breathing along with professional snorkeling gear.

COVID-19 Scenario Analysis:

The COVID-19 outbreak has caused a decline in the growth of the global industries creating a mass disruption for buyers as well as sellers. Markets and production units have been shutdown globally which has stopped the production, sale, and marketing of the product. This has also offered an opportunity for the companies to look after their supply chain relationship and business models for the future.

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Regions covered – North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain,and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

Competitive analysis – Aquatec – Duton Industry, Vinotemp International, XElectron, Sherwood Scuba, Johnson Outdoors, Tabata, Cressi Sub, Seavenger, and Aqua Lung International, Zeagle Systems, Mares, Diving Unlimited International, Body Glove International, Dive Rite, Beuchat International, Apollo Sports

Key Segments Covered:

Type
• Snorkel
• Snorkeling Mask
• Wet suits
• Swim Fins
• Others

Application
• Residential
• Commercial

Distribution Channel
• Online Retailing
• Sports & Specialty Stores
• Rentals
• Hypermarkets & Supermarkets

Key Benefits of the Report:

○ This study presents the analytical depiction of the global snorkeling industry along with the current trends and future estimations to determine the imminent investment pockets.
○ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global snorkeling market share.
○ The current market is quantitatively analyzed from 2020 to 2027 to highlight the global snorkeling market growth scenario.
○ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
○ The report provides a detailed global snorkeling market analysis based on competitive intensity and how the competition will take shape in coming years.

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