Scuba Diving Equipment | Contrive Datum Insights

Market Overview:

The Global Scuba Diving Equipment Is Estimated At USD 4.1 Billion In 2022 And Is Projected To Reach A Revised Size Of USD 5.39 Billion By 2030, Growing At CAGR Of 3.5% During The Analysis Period 2022-2030.

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Participants in the underwater diving activity known as scuba diving utilize a self-contained underwater breathing apparatus known as a scuba. When immersed, a scuba diver requires equipment such as regulators, a buoyancy control device (BCD), a propulsion vehicle and cylinder, and decompression gear. Scuba divers descend into the depths of the sea or ocean using scuba diving equipment. Sport diving is now faster, safer, and more entertaining as a result of this equipment. Divers wear wetsuits, dry suits, rebreathers, knives, regulators, and diving masks. The growing popularity of scuba diving and interest in adventure sports are expected to provide a favourable market environment in the future years. Diving is done for fun, safety, science, and maintenance.

Recent years have seen a rise in popularity for scuba diving as people have become more aware of its health advantages. Scuba diving is regarded as a fun, adrenaline-inducing deep-water sport with numerous health advantages, including improved strength, breathing, flexibility, lowered blood pressure, and fitness. It is regarded as a means to relax, interact, and learn about marine life.

Market Dynamics:

Driving Factors:

The market for scuba diving equipment is expected to develop as industrial and construction activity increases. Because of increased disposable income and interest in seaside vacation, demand will climb even more during the projected period. In the winter, travellers choose to visit coastal areas. Tourism contributes significantly to GDP and supports in the growth of nations' economics; hence all governments actively encourage it. Demand for scuba diving equipment is increasing due to an increase in disposable money and interest in a range of hobbies. Scuba diving is becoming increasingly popular among young people, holidaymakers, and newlyweds. Throughout the projection period, demand for scuba diving equipment will rise due to the growth of extreme sports and the desire to keep physically active. Projects for a sustainable marine environment are being expanded. Increasing efforts to create a more sustainable aquatic environment are expected to improve marine flora and fauna, fuelling demand during the forecast period.

The market for scuba diving equipment is predicted to develop as industrial and construction activity rises. Demand will climb even more during the forecast period due to rising disposable income and interest in seaside travel. Coastal areas are the most popular with vacationers throughout the winter. Tourism contributes significantly to GDP and helps nations' economies expand, hence all governments actively encourage it. Increased disposable income and interest in a range of pastimes are driving rising demand for scuba diving equipment. Scuba diving is becoming increasingly popular among teenagers, holidaymakers, and couples. Throughout the projection period, demand for scuba diving equipment will expand due to the growth of extreme sports and the desire to keep physically active. Increasing projects towards a sustainable marine environment.

Restraining Factors:

Strong storms and stringent government safety and security restrictions may limit the development of scuba diving equipment. As a result, manufacturers are developing new products, such as thermal wetsuits, that allow athletes to enjoy scuba diving with ease and comfort. Thermal wetsuits allow them to maintain consistent body temperatures in adverse conditions.

Rising water temperatures and coastal damage are two big difficulties with scuba diving equipment, both of which are damaging to aquatic life. Diving is also forbidden in numerous sites due to accidents and marine conservation activities. This will most likely slow the growth of the scuba diving equipment market.

Opportunities:

With the recent development of numerous extreme sports, recreational diving is gaining popularity among tourists, backpackers, and couples.

Challenges:

• Concern Regarding Any Environmental Activities While Scuba Diving

Segmentation Analysis:

On the Basis of Type:

By product type, the market is divided into rebreathers, cylinders and propulsion vehicles, exposure suits, decompression chambers, and accessories. In 2018, the rebreather category led the market, and this trend is expected to continue during the forecast period. Its popularity is due to the equipment's widespread use in two important application sectors, commercial and defence, as well as its capacity to deliver high-pressure air underwater. Furthermore, the exposure suit category is expected to dominate the market over the next five years due to the need to replace these suits regularly due to their short lifespan. Unfortunately, the damage caused by hostile underwater settings necessitates the repair of these clothes on a regular basis.

• Rebreather
• Cylinders and propulsion vehicle
• Exposure suit
• Decompression chamber
• Accessories

On the Basis of End-User Type:

By end-user type, the market is segmented into oil & gas, naval, aquaculture, and others. During the forecast period, it is anticipated that the oil and gas industry will dominate the market. In addition, it is anticipated to account for the highest proportion due to the expansion of oil platforms and the search for additional refineries, both of which require trained divers for challenging underwater jobs.

• Oil and Gas
• Naval
• Aquaculture
• Others

On the Basis of Distribution Channel:

Based on the distribution channels, the market is divided into online retailers, specialized shops, and other categories. Over the course of the forecast period, specialty stores are predicted to dominate the market because they provide consumers with a wider range of scuba diving supplies, equipment, and accessories than other distribution channels. These shops are often found along the coast, close to dive spots. This boosts the area's foot traffic, which helps the segment grow. Due to consumers' rising propensity to buy scuba diving equipment through online platforms, the online segment is predicted to increase at a significant rate. Customers can compare a selection of products online and have them delivered to their homes. These elements support the expansion of the online market sector.

• E-commerce
• Hypermarkets and supermarkets
• Specialty stores
• Other distribution channels

On the Basis of Depth:

In terms of depth, the market for scuba diving apparatus is divided into the recreational diving and professional diving categories. Recreational diving or sport diving is diving for leisure and recreation, typically using scuba apparatus. Professional diving is underwater diving for which divers are compensated. The procedures are frequently governed by legislation and codes of practice because diving is inherently dangerous and the diver works in a team.

• Recreational Diving 
• Professional Diving

Regional Insights:

In 2018, North America had the biggest share of the diving equipment market in its region. Asia-Pacific was in second place. Even though people have been diving in Europe since the early 1900s, the market for diving gear in Europe is already well-developed.
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On the other hand, the diving equipment market in North America and Europe is expected to grow very slowly over the next five years because demand is falling in these areas. On the other hand, the Asia-Pacific diving equipment market is expected to grow at the rapid rate over the next few years. This is because oilfields in Australia and China have grown a lot, there is a lot of marine life to explore, and the government plans to fund research and development.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Key Vendors:

The papers examine essential growth strategies for the scuba diving apparatus industry, such as organic and inorganic growth. Numerous companies are focusing on organic growth strategies, such as the introduction of new products, obtaining product approval, hosting events, and patenting novel ideas. The market viewed joint ventures, acquisitions, and partnerships as non-organic growth strategies. Due to these factors, market participants have been able to expand their clientele and enterprises. Given the rising global demand for scuba diving equipment, market participants in the scuba diving equipment market should have favourable expansion prospects in the future. This is a directory of companies that sell scuba diving equipment.

The report also includes profiles of the leading manufacturers of scuba diving equipment, along with their SWOT analyses and market strategies. The report also emphasizes on the industry's leading companies. It includes company profiles, the products and services they offered, their financial information from the previous three years, and the most significant events of the previous five years.

• Amer Sports

Amer Sports are global collection of the most well-known and respected sports and outdoor brands in the world, including Arc'teryx, Salomon, Wilson, Peak Performance, Atomic, Armada, and ENVE. Athletes, consumers, and fans from around the globe rely on our sports and outdoor equipment to empower them on courts, slopes, in cities, and in the mountains, and everywhere else.

•  Aqua Lung International

Aqualung International manufactures sporting goods. The Company offers scuba diving and snorkeling equipment such as regulators, gauges, masks, fins, torches, knives, rash guards, wet suits, boots, gloves, and accessories. Aqualung International serves customers worldwide.

•  Beuchat International S.A.S

Beuchat International Sas is an organization. As one of the leading companies, they offer a variety of Air bottles metal diving, Air supply tubes diving, Aqualungs diving, among others. These Air bottles metal diving, Air supply tubes diving, and Aqualungs diving are obtained from dependable industry suppliers who manufacture them in accordance with international industrial standards.

•  Cressi Sub SpA

In 1956, Cressi Sub SpA was founded. In its line of business, the company manufactures marine sporting and athletic products.

•  Diving Unlimited International, Incorporated

Diving Unlimited International, Inc. (DUI) is a manufacturer of diving apparatus that specializes in keeping divers warm and dry. DUI also designs and manufactures electrically heated undergarments, highly specialized waterproof bags and equipment for military operations, and Weight & Trim Systems. DUI is renowned as the global pioneer in dry suits.

•  Henderson Aquatics

The Henderson Brand wetsuits carry the industry's most comprehensive consumer warranty. With over 50 years of expertise in the design and production of wetsuits, we've earned a reputation for quality and performance. Due to the fact that every Henderson wetsuit is designed and manufactured in the United States, Henderson is able to offer warranty and repair services, unlike other brands that merely resell wetsuits designed and manufactured by foreign companies.

•  Johnson Outdoors Inc.

Johnson Outdoors is the market leader for innovative fishing, scuba diving, camping, and watercraft recreation equipment. Samuel C. Johnson founded the company in 1970, and since then it has expanded from a single brand to a $425 million global enterprise with 1,200 employees across 20 locations.

•  Oceanic Worldwide

Oeanic Worldwide Networks Private Limited is a Share-Limited Private Company. It is categorized as a non-government organization and is registered at RoC-Delhi.

•  Sherwood Scuba

Sherwood Scuba is one of the world's foremost manufacturers of dive equipment, supplying dive operations and resorts.

•  Tabata Co., Ltd.

Tabata Co., Ltd. is an international manufacturer of sporting products based in Tokyo, Japan. With ISO 9001-certified design, engineering, testing, and manufacturing facilities in Japan and Taiwan, Tabata adheres to the strictest available quality standards. The United States, Japan, Taiwan, Australia, Germany, and the Netherlands are included in Tabata's global network of facilities.

Strategic Development:

• In May 2020 - Apeks Marine Equipment, Ltd. launched its new range of apparel range.
• In October 2021 - MarketBlast, an open innovation platform, launched a global product hunt in the scuba diving industry to license and acquire new scuba diving innovations.

Scope of Report:

Conclusion:

• The study discusses market participants, raw material suppliers, equipment suppliers, end consumers, traders, and distributors. Detailed information is provided about the companies. In addition, their capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and technological advancements are described. This study examines historical data and projections for twelve years.
• The market's growth factors are discussed in depth, and the market's various end consumers are described in depth.
• Data and information by market participant, classification, region, application, etc., as well as custom research according to specific needs, are available.
• The report contains a market SWOT analysis. The report concludes with a section containing the expert opinions of industry professionals.