Press release
Diving Tourism Market 2024: Global Trends, Opportunities, and Industry Forecast
Diving Tourism Market Trends
The new report published by The Business Research Company, titled Diving Tourism 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 diving tourism market size has grown rapidly in recent years. It will grow from $3.67 billion in 2023 to $4.06 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The diving tourism market size is expected to see rapid growth in the next few years. It will grow to $6.19 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%.
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What Is Driving The Growth Of The Global Diving Tourism Market?
Rising Demand For Water Sports Drives Growth In Diving Tourism
The rising popularity of water sports activities is expected to drive the diving tourism market. Water sports activities encompass a variety of recreational and competitive pursuits performed on or in water, including surfing, sailing, boating, kayaking, and water skiing. The popularity of water sports activities is due to a surge in adventure-seeking trends, greater accessibility to aquatic destinations, and heightened awareness of fitness and wellness benefits. Diving tourism supports water sports activities by providing specialized underwater experiences that attract enthusiasts, expand adventure options, and promote marine environment conservation and sustainable management. For instance, in October 2021, according to a report published by the New York State Parks, managed by the Office of Parks, Recreation and Historic Preservation (OPRHP), a US-based state agency, the total number of registered recreational boats in New York increased by 6,051 registrations to reach 439,508 in 2021. Out of these, 431,229 were explicitly registered for recreational use. Therefore, rising demand for water sports activities will drive the diving tourism market.
What Is The Key Trend In The Global Diving Tourism Market?
Advancements In Diving Tourism Through Innovative Water Sports And Diving Brands To Enhance Guest Experiences
Major companies operating in the diving tourism market are focused on strategic investment and brand expansion to attract more tourists, promote sustainable practices, and ensure diving tourism destinations' long-term health and appeal. The strategic investment and brand expansion initiatives aim to provide exceptional underwater experiences while promoting sustainability and marine conservation. For instance, in February 2023, Red Sea Global (RSG), a Saudi Arabia-based real estate development company, launched WAMA and Galaxea, two new brands to deliver incredible guest experiences at RSG destinations. The WAMA brand offers water sports activities, including stand-up paddleboarding and sailing, leveraging the area's natural beauty. The Galaxea brand, named after a local coral species, provides diving experiences that showcase the region's rich marine biodiversity, including endangered species and ancient coral formations. Both brands emphasize sustainable tourism practices, with Galaxea partnering with the Saudi Water Sports And Diving Federation and PADI International to ensure high standards in diving facilities.
How Is The Global Diving Tourism Market Segmented?
The diving tourism market covered in this report is segmented -
1) By Type: Deep Diving, Drift Diving, Wreck Diving, Free Diving
2) By Tourist Type: Domestic, International
3) By Age Group: 10 To 20, 20 To 30, 30 To 40, 40 And above
4) By Application: Professional Diver, Recreational Diver, New Diver
5) By End User: Solo, Friend, Couple, Family
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How Is The Competitive Landscape Of The Global Diving Tourism Market?
Major companies operating in the diving tourism market are PADI Travel Ltd, Aggressor Adventures LLC, Emperor Divers, Equator Diving, Worldwide Dive and Sail International Ltd, Pro Dive International, PT. AquaMarine Diving - Bali, Blue O Two Limited, Sea Bees Diving, Regaldive, Divebooker.com, Scuba Junki*e, Caradonna Dive Adventures Inc., Aquatic Adventures Inc., Bluewater Travel Inc., Deep Blue Adventures Inc., Dive Butler International Limited, LiveAboard.com, Undersea Hunter Group, Dive The World International Co. Ltd., Explorer Ventures Liveaboard Fleet, Liveaboard Adventures, Nautilus Liveaboards, Scuba Travel, Liquid Diving Adventures
Contents Of The Global Diving Tourism Market
1. Executive Summary
2. Diving Tourism Market Report Structure
3. Diving Tourism Market Trends And Strategies
4. Diving Tourism Market - Macro Economic Scenario
5. Diving Tourism Market Size And Growth
…..
27. Diving Tourism Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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