Professional Diving Suit Market Business overview, Upcoming Trends, Growth, Analysis and Forecast - 2028

The global professional diving suit market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022-2028).

A diving suit is a garment or device designed to protect a diver from the underwater environment. The diving suit was invented in the 19th century, which consists of a weighted boot, water-light coverings, and a metal helmet with transparent portholes. Diving suits are required to be thick enough to suit the water temperature. The thickness of these suits varies as per the protection and insulation they provide. Industries such as oil & gas, and hydroelectricity power, involve numerous diving activities for R&D and operational activities. Additionally, industrialization has led to the development of the logistics industry, which includes the development and construction of sea links and bridges that require extensive underwater analysis, which in turn, increase the demand for diving suits. Water sports are adventurous, fun-filled, and exciting, which attracts a rising number of people. Water sports are also becoming a part of national and international games which is the major factor that is accelerating the growth of the market. Professional divers need to undergo vigorous training before being licensed by a certifying agency such as the Professional Association of Diving Instructors (PADI). However, numerous death toll while diving is the restraining factor for the growth of the market. The majority of the accidents happens due to human errors. Some of these fatalities are unavoidable and caused by natural calamities.

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Some major players in the market include Hansen Protection AS, Mullion PFD, and Regatta, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in May 2021, Survitec Group Ltd. acquires Hansen Protection AS, strengthening its position as the Global Leader in Survival Technology.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Price Range
o By Sales Channel
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Hansen Protection AS, Mullion PFD, and Regatta, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Professional Diving Suit Report by Segment

By Type
• Dry Suits
• Semi-Dry Suits
• Wet-Suits

By Price Range
• Low Priced
• Mid-Range
• Luxury

By Sales Channel
• Offline
• Online

By Application
• Fishing
• Rescue
• Game
• Others

Media Contact:

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Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and the most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.