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Scuba Diving Equipment Market Report 2023-2032: Market Size, Growth Drivers And Key Trends
Scuba Diving Equipment Market
The Business Research Company's Scuba Diving Equipment Global Market Report 2023 identifies increase in popularity of water sports as the major driver for the Scuba Diving Equipment market's growth in the forecast period. Water sports refer to a type of sport that is played or practiced on the water. These include sports such as swimming, water polo, and surfing. Scuba diving equipment, such as rash guards, wet suits, hoods, boots, gloves, and earplugs, are usually used in water sports to protect the body and make it more comfortable to participate in sports activities.
The global scuba diving equipment market is expected to grow from $4.19 billion in 2022 to $4.39 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The scuba diving equipment market is expected to reach $5.19 billion in 2027 at a CAGR of 4.2%.
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Major competitors in the Scuba Diving Equipment market are Johnson Outdoors Inc., Aqua Lung International, Suunto, Marquee Brands, Oceanic Worldwide, Bauer Compressors Inc., Tusa, Scubapro.
A key trend in the Scuba Diving Equipment market includes introduction of eco-friendly wetsuits. Major companies operating in the scuba diving equipment market sector are focused on introducing eco-friendly products to strengthen their position and meet consumer demand. For instance, in April 2021, Aqualung, a US-based company that manufactures scuba diving equipment, launched an eco-friendly wetsuit named the Xscape 3/4mm Wetsuit. This 3/4mm suit is suitable for diving in water temperatures ranging from 20 to 28 degrees Celsius, and it also has terrific four-way flexibility, making it ideal for all ocean sports.
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The Scuba Diving Equipment market is segmented -
• By Type: BCD (Buoyancy Control Device) And Regulator, Cylinder And Diving Propulsion Vehicle, Decompression Chamber, Exposure Suit, Accessories
• By Depth: Recreational Diving, Clearance Diving, Saturation Diving
• By Distribution Channel: Specialty Store, Online Store
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Scuba Diving Equipment market.
The Business Research Company's "Global Scuba Diving Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Scuba Diving Equipment Market Include:
1. Executive Summary
2. Scuba Diving Equipment Market Characteristics
3. Scuba Diving Equipment Market Trends And Strategies
4. Scuba Diving Equipment Market - Macro Economic Scenario
5. Global Scuba Diving Equipment Market Size and Growth
…………………………………………………………………….
32. Global Scuba Diving Equipment Market Competitive Benchmarking
33. Global Scuba Diving Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Scuba Diving Equipment Market
35. Scuba Diving Equipment Market Future Outlook and Potential Analysis
36. Appendix
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