Press release
Diving Equipment Market Growth Driven by Popularity of Water Sports, Expansion Towards $7.09 Billion by 2029
Diving Equipment Market Growth
Growing Popularity of Water Sports Projects Significant Diving Equipment Market Growth
What Is The Projected Market Size Of The Global Diving Equipment Market And Its Growth Rate?
The diving equipment market has witnessed considerable growth and is expected to follow the trend:
• 2024 Market Size: $4.66 billion
• 2025 Market Size: $5.07 billion (8.8% CAGR)
• 2029 Market Size: $7.09 billion (8.8% CAGR)
This brisk growth is credited to factors such as adventure tourism trends, evolving safety and training standards, health and wellness trends, environmental conservation efforts, global market expansion, and changing consumer preferences.
What Is Driving The Growth In The Diving Equipment Market?
The surge in popularity of water sports is anticipated to fuel the growth of the diving equipment market. Water sports not only serve recreational purposes but also the provisions of physical safety and comfort crucially depend on diving equipment. The rise in global participation in aquatic sports as evidenced by the substantial turnout of athletes at recent international water sports contests further substantiates this trend. Thus, the increasing popularity of water sports is set to drive the growth of the market.
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Who Are the Key Players Driving Diving Equipment Market Growth?
Major players operational in the diving equipment market include:
• 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
• Huish Outdoors LLC
• Body Glove International
• Zeagle Systems Inc.
• Poseidon Sweden AB
• Cressi Sub SpA
• Henderson Aquatics LLC
• Apeks Valves Ltd.
What Are The Key Trends In The Diving Equipment Market?
Key trends in the market include:
• Technological integration
• Technological advancements
• Rise in recreational diving
• Sustainability and eco-friendly design
• Underwater photography and videography
What Are The Segments Of The Global Diving Equipment Market?
The global diving equipment market can be segmented as follows:
• By Type: Rebreather, Cylinders And Propulsion Vehicle, Decompression Chamber, Exposure Suits, Accessories, Other Types
• By Depth: Recreational Diving, Clearance Diving, Saturation Diving
• By End-User: Oil And Gas Industry, Naval Industry, Aquaculture Industry, Others End Users
• By Distribution Channel: Specialty Store, Online, Other Distribution Channels
Which Region Leads The Diving Equipment Market?
In 2024, North America dominated the global diving equipment market and is projected to be the fastest-growing region during the forecast period. The diving equipment market encompasses regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Diving Equipment Market Global Market Report?
• Market Size Analysis: Analyze the Diving Equipment Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Diving Equipment Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Diving Equipment Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Diving Equipment Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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