Scuba Diving Equipment Global Market Report 2024 - By Share, Size, Growth And Trends, Forecast To 2033

"The new report published by The Business Research Company, titled Scuba Diving Equipment Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the scuba diving equipment market size has grown steadily in recent years. It will grow from $4.39 billion in 2023 to $4.6 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The scuba diving equipment market size is expected to see steady growth in the next few years. It will grow to $5.44 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%.

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Rising Popularity Of Water Sports To Drive Market Growth
The increase in popularity of water sports is expected to propel the growth of the scuba diving equipment market. 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. For instance, according to Watersports Participation Survey 2021, published by the British Marine, a UK-based marine transportation company, in 2021, 11.7 million individuals reported that they participated in any boating activity 1 or 2 times in the UK, which is almost double compared to 2020 with 6.3 million. Therefore, the increase in the popularity of water sports is driving the growth of the scuba diving equipment market.

Product Innovations Transforming The Scuba Diving Equipment Market
The introduction of eco-friendly wetsuits is a key trend gaining popularity in the scuba diving equipment market. Major companies operating in the scuba diving equipment 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. It is made entirely of non-neoprene fibers, making swimming quite comfortable underwater.

The scuba diving equipment market covered in this report is segmented -
1) By Type: BCD (Buoyancy Control Device) And Regulator, Cylinder And Diving Propulsion Vehicle, Decompression Chamber, Exposure Suit, Accessories
2) By Depth: Recreational Diving, Clearance Diving, Saturation Diving
3) By Distribution Channel: Specialty Store, Online Store

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Major companies operating in the scuba diving equipment market report are Johnson Outdoors Inc., Aqua Lung International, Suunto, Marquee Brands, Oceanic Worldwide, Bauer Compressors Inc., Tusa, Scubapro, Apeks Marine Equipment Ltd., Huish Outdoors LLC, Hollis Gear, Zeagle Systems Inc., Sherwood Scuba LLC, Halcyon Manufacturing Inc., Poseidon Diving System AB, Cressi Sub S.p.a, Atomic Aquatics Inc., Aquatec-Duton Industry Co. Ltd., Apollo Sports Inc., Armor Products LLC, Beuchat International SA, Duck Diver LLC, H2Odessey, IST Sports Corp., Mares S.p.A, Seasoft Scuba Inc., Dive Rite.

Contents of the report:
1. Executive Summary
2. Scuba Diving Equipment Market Report Structure
3. Scuba Diving Equipment Market Trends And Strategies
4. Scuba Diving Equipment Market - Macro Economic Scenario
5. Scuba Diving Equipment Market Size And Growth
…..
27. Scuba 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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