Unlocking Opportunities in the Diving Equipment Market: 2025-2034 Forecast Report

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What Will the Diving Equipment Industry Market Size Be by 2025?
In recent times, the diving equipment market has seen robust growth. The projected growth shows an increase from $4.66 billion in 2024 to $5.07 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.8%. This growth trend in the past has been primarily driven by factors like increasing tourism and recreational activities, stringent safety laws and protocols, application in military and defense, heightened environmental consciousness, as well as the overall expansion of the diving industry.

What's the Long-Term Growth Forecast for the Diving Equipment Market Size Through 2029?
The market for diving equipment is predicted to witness robust growth in the upcoming years, escalating to a value of $7.09 billion by the year 2029, with a compound annual growth rate (CAGR) of 8.8%. This projected expansion during the forecast period is linked to factors such as the popularity of adventure tourism, improvements in safety and training protocols, health and wellness movements, efforts towards environmental conservation, expansion of the global market, and evolving consumer tastes. Key trends anticipated during this period encompass the integration and advancement of technologies, increased interest in recreational diving, sustainable and eco-friendly design practices, as well as underwater photography and videography.

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What Are the Key Growth Drivers Fueling the Diving Equipment Market Expansion?
The rising interest in water sports is likely to contribute to the expansion of the diving equipment market. Water sports encompass activities that take place in water including swimming, water polo, and surfing, among others. To guarantee protection and comfort during participation, diving equipment is often employed. Scuba water sport, for example, involves the use of diving equipment such as rash guards, Wet suits, hoods, boots, gloves, and earplugs. To illustrate, World Aquatics, previously known as FINA, a Switzerland-based flagship for international water sports competitions, reported that their 19th edition of FINA World Championships 2022 in Budapest saw participation from 2,000 athletes from 180 nations. The 2023 World Aquatics Championships in Fukuoka saw the participation climb to 2,392 athletes from 194 countries, underscoring the global passion for water sports. Consequently, the escalating interest in water sports is fuelling the growth of the diving equipment market.

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What Are the Key Trends Driving Diving Equipment Market Growth?
Major corporations in the diving equipment industry are prioritizing product innovation aimed at enhancing safety, boosting performance, and improving underwater experiences for divers. In particular, these companies focus on the development of scuba diving gear which allows divers to explore underwater environments safely and efficiently. For example, in July 2024, Dive Rite, an American manufacturer of SCUBA diving equipment, introduced a new series of scuba diving equipment in olive drab green. This includes several favorite products such as XT Fins, ES155 Mask, and Hydro Lite BCD, all designed to improve underwater mobility and safety.

How Is the Diving Equipment Market Segmented?
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

Subsegments:
1) By Rebreather: Closed Circuit Rebreathers (CCR), Semi-Closed Circuit Rebreathers (SCR)
2) By Cylinders And Propulsion Vehicle: Scuba Cylinders (Aluminum, Steel), Underwater Propulsion Vehicles (DPVs)
3) By Decompression Chamber: Portable Decompression Chambers, Fixed Decompression Chambers
4) By Exposure Suits: Wetsuits, Dry Suits, Drysuits For Extreme Conditions
5) By Accessories: Masks And Snorkels, Fins, Diving Knives, Dive Computers
6) By Other Types: Buoyancy Control Devices (BCD), Surface Supply Systems

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Which Companies Are Leading the Charge in Diving Equipment Market Innovation?
Major companies operating 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., 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.

Which Regions Are Leading the Global Diving Equipment Market in Revenue?
North America was the largest region in the diving equipment market in 2024. North America is expected to be the fastest-growing region in the diving equipment market during the forecast period. The regions covered in the diving equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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