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Diving Equipment Market Growth, Size, Trends, Size, Share And Analysis Report 2024-2033
Diving Equipment Market
As per the report, the diving equipment market size has grown strongly in recent years. It will grow from $4.36 billion in 2023 to $4.75 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The diving equipment market size is expected to see strong growth in the next few years. It will grow to $6.7 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
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The Rising Popularity Of Water Sports Fuels Diving Equipment Market Growth
The increase in the popularity of water sports is expected to propel the growth of the diving equipment market going forward. Water sports refers to a type of sports that are played or practiced on the water. These include sports such as swimming, water polo, and surfing. Diving equipment is usually used in water sports to protect the body and make it more comfortable to participate in the water sport. Rashguard, Wet suit, hoods, boots, gloves, and earplugs are some of the diving equipment used while playing scuba water sport. For instance, according to World Aquatics, formerly known as FINA, a Switzerland-based international water sports competition administrator, the 19th FINA World Championships in Budapest 2022 featured 2,000 athletes from 180 countries. In 2023, the World Aquatics Championships in Fukuoka attracted 2,392 athletes representing 194 countries, highlighting global enthusiasm for aquatic sports. Therefore, the increase in the popularity of water sports is driving the growth of the diving equipment market.
Eco-Friendly Solutions Ride The Crest Of Diving Equipment Trends
The introduction of eco-friendly wetsuits has emerged as the key trend gaining popularity in the diving equipment market. Major companies operating in the diving equipment sector are focused on eco-friendly products to reinforce their position and meet consumer demand. For instance, in 2021, Aqualung, a US-based company that manufactures diving equipment, launched an eco-friendly wetsuit named 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 amazing four-way flexibility, making it suitable for all ocean sports. It is made entirely of non-neoprene fibers, making swimming quite comfortable underwater.
The diving equipment market covered in this report is segmented -
1) By Type: Rebreather, Cylinders And Propulsion Vehicle, Decompression Chamber, Exposure Suits, Accessories, Other Types
2) By Depth: Recreational Diving, Clearance Diving, Saturation Diving
3) By End-User: Oil And Gas Industry, Naval Industry, Aquaculture Industry, Others End Users
4) By Distribution Channel: Specialty Store, Online, Other Distribution Channels
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Major companies operating in the diving equipment market report are Cobham plc, IST Sports Corp., Johnson Outdoors Inc., Mares Italia S.p.A., Suunto Oy, H2Odyssey Corporation, Tabata Co. Ltd., Dive Rite Systems International LLC, SeaQuest International LLC, Honeywell International Inc., Huish Outdoors LLC, BOWMAN HOLLIS Manufacturing Inc., Body Glove International, Zeagle Systems Inc., Poseidon Sweden AB, Cressi Sub SpA, Henderson Aquatics LLC, Atlantis Dive Center, Apeks Valves Ltd., Tusa Sport Co. Ltd., Diving Unlimited International Inc., Atomic Aquatics LLC, Beuchat International SA, Aqua Lung International, Apollo Sports International, Saekodive Ltd., Aquatec-Duton Industry Co. Ltd., Halcyon Dive Systems Inc., Sherwood Scuba Industries Inc., American Underwater Products Inc.
Contents of the report:
1. Executive Summary
2. Diving Equipment Market Report Structure
3. Diving Equipment Market Trends And Strategies
4. Diving Equipment Market - Macro Economic Scenario
5. Diving Equipment Market Size And Growth
…..
27. Diving Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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