Diving Equipment

Global Diving Equipment Market to Reach US$5.5 Billion by 2030

The global market for Diving Equipment estimated at US$4.4 Billion in the year 2024, is expected to reach US$5.5 Billion by 2030, growing at a CAGR of 3.7% over the analysis period 2024-2030. Rebreather, one of the segments analyzed in the report, is expected to record a 4.3% CAGR and reach US$2.0 Billion by the end of the analysis period. Growth in the Cylinders & Propulsion Vehicle segment is estimated at 3.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.2 Billion While China is Forecast to Grow at 6.2% CAGR

The Diving Equipment market in the U.S. is estimated at US$1.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 6.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.9% and 3.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.

Global Diving Equipment Market - Key Trends and Drivers Summarized

What Constitutes Diving Equipment and How Has It Evolved?

Diving equipment encompasses a wide range of gear that enables divers to explore underwater environments safely and efficiently. This gear includes essential items like masks, snorkels, fins, wetsuits, buoyancy control devices (BCDs), regulators, and tanks. Each piece of equipment plays a crucial role in ensuring the diver’s safety and comfort while submerged. For instance, the mask allows for clear vision underwater, the snorkel aids in breathing at the surface, and fins enhance mobility. The wetsuit provides thermal protection, while the BCD helps in maintaining buoyancy. The regulator, connected to the tank, facilitates the safe delivery of breathable air from the tank to the diver. Over the years, diving equipment has undergone significant evolution, with advancements in materials, design, and technology enhancing the safety, functionality, and user experience for both recreational and professional divers.

Technological Advancements in Diving Equipment: Enhancing Safety and Experience

The diving equipment industry has seen remarkable technological innovations, particularly in the areas of safety, communication, and environmental adaptability. Modern wetsuits, for example, are crafted from advanced neoprene materials that offer superior thermal insulation and flexibility, allowing divers to explore colder waters with ease. Additionally, the development of dive computers has revolutionized underwater navigation and safety, providing real-time data on depth, time, and decompression limits to help divers avoid the risks of decompression sickness. Moreover, advances in regulator technology have improved air delivery systems, ensuring consistent and comfortable breathing even at greater depths. Innovations in underwater communication devices now enable divers to communicate more effectively with their dive buddies and surface teams, enhancing coordination during dives. These technological improvements not only make diving safer but also expand the possibilities for exploration, allowing divers to venture into more challenging environments.

The Growing Popularity and Applications of Diving Equipment

Diving equipment is not only essential for recreational divers but also plays a critical role in various professional and industrial applications. Scuba diving has gained popularity as a recreational activity, with growing interest in underwater photography, marine conservation, and adventure tourism. This surge in interest has driven demand for high-quality, durable, and user-friendly diving gear. In professional contexts, diving equipment is indispensable in industries such as offshore oil and gas, underwater construction, and marine research. Commercial divers rely on specialized equipment, including underwater welding gear, rebreathers, and drysuits, to perform complex tasks in challenging underwater environments. The military also uses advanced diving equipment for specialized missions, such as underwater demolition, mine clearance, and reconnaissance. As diving continues to attract a diverse range of enthusiasts and professionals, the demand for innovative and reliable equipment is expected to grow.

What Drives the Growth in the Diving Equipment Market?

The growth in the diving equipment market is driven by several factors, including the increasing popularity of recreational diving, the expansion of underwater tourism, and the rising demand for specialized equipment in commercial and military applications. Technological advancements that enhance safety and improve user experience are also significant contributors to market growth, as divers seek more advanced and reliable gear for their underwater adventures. Furthermore, the growing emphasis on marine conservation and environmental awareness is encouraging more people to take up diving as a way to connect with and protect the underwater world. In professional sectors, the need for efficient and durable equipment to support industrial and military operations under challenging conditions is driving investments in new technologies and products. Additionally, the expansion of diving schools and training programs worldwide is introducing more people to the sport, further fueling the demand for high-quality diving equipment. These trends, coupled with the continued innovation in gear design and functionality, ensure a robust and dynamic market for diving equipment in the coming years.

SCOPE OF STUDY:

The report analyzes the Diving Equipment market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Rebreather, Cylinders & Propulsion Vehicle, Decompression Chamber, Exposure Suits, Accessories); Application (Commercial, Defense, Civil); End-Use (Oil & Gas, Naval, Aquaculture, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 253 Featured) -

• Apollo Australia P/L
• Aqua Lung International
• Atlantis Dive
• Cobham PLC
• Dragerwerk AG & Co. KGaA
• Henderson Aquatics
• Honeywell International, Inc.
• Submarine Manufacturing & Products Ltd.
• Underwater Kinetics

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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