Press release
Recreational Pressure Vessels Market is Forecasted to Reach US$ 201.3 million in 2026, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global Recreational Pressure Vessels Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2306/recreational-pressure-vessels-market.html#form
Report Highlights:
Market Size in 2026: US$ 201.3 million
Growth (CAGR): 4.3% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Recreational Pressure Vessels Market:
The global Recreational Pressure Vessels Market is segmented application type, pressure vessel type & region
Based on application type: The market is bifurcated into SCUBA and paintball. Despite witnessing a massive plunge in 2020, SCUBA dominated the market in the year 2020 and is expected to maintain its unquestionable position during the forecast period as well. Type-I pressure vessel rules the SCUBA diving tanks with more than 90% share. The increasing inclination of people towards amusement and recreational activities has caused a positive impact on the diving industry, which is a major reason for the dominance of the segment.
Based on pressure vessel type: The market is segmented into type-I pressure vessels, type-II pressure vessels, and type-III pressure vessels. Type-I led the recreational pressure vessel market in 2020, due to its huge dominance in both, SCUBA as well as paintball game applications. For paintball application, the type-III pressure vessel is expected to exhibit the highest growth during the forecast period as it can hold more pressure which allows more shots per pressure vessel compared to the type-I pressure vessels.
To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2306/recreational-pressure-vessels-market.html#form
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests Asia-Pacific is expected to remain the largest as well as fastest-growing recreational pressure vessels market during 2021-26. This growth outlook is majorly attributed to the following-
• China, Australia, and South-East Asia are the major contributors to the region's dominant position. These countries have huge incoming tourists coupled with an increased willingness to spend on experiential and recreational activities.
Recreational Pressure Vessels Market Drivers:
The Recreational Pressure Vessels Market is driven by several key factors, including:
Recovery in the Tourism Industry - As tourism rebounds, the demand for recreational activities like SCUBA diving and paintball is increasing.
Relaxation of Travel Restrictions - Eased travel restrictions are allowing more people to engage in recreational activities, boosting the market.
Increasing Expenditure on Recreational Activities - Rising disposable income and spending on leisure activities are driving market growth.
Inclination Towards Marine and Coastal Tourism - Growing interest in marine tourism is fueling demand for SCUBA diving equipment, including pressure vessels.
Recuperation of the SCUBA Diving Industry - The recovery of the SCUBA diving sector post-pandemic is contributing to market expansion.
Top 10 Companies in the Recreational Pressure Vessels Market:
Stratview Research has identified the following companies as the top market players:
• Catalina Cylinders
• Cylinders Holding Group
• Eurocylinder systems AG
• FABER INDUSTRIE SPA
• Luxfer Holdings PLC
• Metal Mate Co., Ltd.
• Shanghai Qilong High Pressure Container Co., Ltd.
• Shenyang Gas Cylinder Safety Technology Co., Ltd.
• TriMas Corporation
• Worthington Industries, Inc.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Recreational Pressure Vessels Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Pressure Vessels Market: https://www.stratviewresearch.com/438/Pressure-Vessel-Market.html
• Type-I Pressure Vessels Market: https://www.stratviewresearch.com/1975/type-I-pressure-vessels-market.html
• Composite Pressure Vessels Market: https://www.stratviewresearch.com/2395/composite-pressure-vessels-market.html
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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