Scuba Diving Equipment Market Size, Share and Growth Analysis


Posted June 14, 2019 by michaelcolloy

The growing popularity of water sports will be one of the major circumstances that will have a positive influence on the global scuba diving equipment market
 
Scuba Diving Equipment Market Size and Growth Rate:
The global scuba diving equipment market size was valued at USD xx million in 2018 and poised to touch USD xx million by 2025 growing at a CAGR of xx% during the forecast period 2018 to 2025.

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Scuba Diving Equipment Market Growth Drivers and Restraints:
The growing popularity of water sports will be one of the major circumstances that will have a positive influence on the global scuba diving equipment market during the forecast period. Circumstances such as changes in demographics, better lifestyles, and the great demand for water sports have led to a heightened interest in recreational water sports and scuba diving activities. This will fuel the scuba diving industry growth in the future years.

The growing popularity of innovative scuba diving equipment is one of the important trends that will contribute to market growth in future years. The key manufacturers in this market are frequently concentrating on product innovation tactics. For instance, the AMEO Power breather Lap Snorkel provides swimmers to breathe easily and concentrate on their motion flow and posture. Several players in the market are also spending in lightweight and flexible scuba diving equipment. Owing to such circumstances, the market is expected to grow with a projected CAGR of over 9.0% during the forecast period.

A trend which is anticipated to boost market growth further is the improved demand for eco-friendly equipment. The global scuba diving equipment market is recording an improvement in the demand for eco-friendly wetsuits and drysuits in recent times. Organic, water-based adhesives and reclaimed plastic materials are following the traditional leather, nylon, synthetic rubber, polyurethane, and other synthetic materials used as raw materials for those products.

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Scuba Diving Equipment Market Geographical Segmentation:
The world Scuba Diving equipment market has been managed by the Americas in the year 2017. The region occupies the largest share owing to the presence of various elongated coastline, well-established water sports infrastructure and a large number of diving enthusiasts. Europe considered for the second highest share in this market. The presence of an increased number of water sporting sites across Europe makes it the second-largest income contributor. APAC region also observed growth in demand with an improvement in both consumption and production, particularly in Australia, South Korea, and New Zealand. The Middle East and Africa have accounted for the moderate share in the market.

Key Players of the Scuba Diving Equipment Market:
Some of the important players in the market include Aqua Lung International, American Underwater Products, Inc., Poseidon Diving System AB, Johnson Outdoors Inc., Mares S.p.A, Cressi Sub s.p.a, Beuchat, H2Odyssey, AQUATEC - DUTTON INDUSTRY CO., LTD., and Dive Rite.

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Issued By Research Cosmos
Country India
Categories Business
Tags scuba diving equipment market
Last Updated June 14, 2019