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Scuba Diving Equipment Market

Publisher Global Market Insights
Published Nov 08, 2024
Length 180 Pages
SKU # GMI19407295

Description

Scuba Diving Equipment Market


The global scuba diving equipment market was valued at USD 2.3 billion in 2023 and is projected to grow at a CAGR of 4% from 2024 to 2032. The market growth is driven by the surge in coastal tourism. The World Economic Forum highlights that coastal and marine tourism constitutes nearly 50% of global tourism. This trend is fueled by rising disposable incomes, granting individuals greater financial freedom to indulge in leisure activities like scuba diving. With this increased spending power, individuals can invest not only in basic equipment but also in high-quality gear, crucial for safe and enjoyable diving experiences. Moreover, as incomes rise, individuals are more inclined to book diving courses, join guided dives, and travel to premium diving destinations, further boosting the demand for various scuba gear. The overall scuba diving equipment industry is classified based on the equipment, consumer group, distribution, price range, end-use, and region. The market categorizes end users into recreational divers, professional divers, military personnel, and public safety divers. In 2023, the recreational diver segment commanded a dominant market share of approximately 60% and is projected to surpass USD 2 billion by 2032. Dive tourism's expansion plays a pivotal role in boosting recreational diving. With numerous destinations boasting enticing diving sites, tourists frequently indulge in recreational diving during their vacations. This trend amplifies the demand for equipment tailored for recreational use. The market segments equipment types into diving masks and goggles, regulators and octopuses, Buoyancy Control Devices (BCDs), wetsuits and drysuits, and fins. In 2023, the wetsuits and drysuits segment captured around 25% of the market share. This segment's growth is largely due to heightened awareness surrounding safety and comfort in scuba diving. Such considerations drive the demand for high-quality, comfortable, and well-fitting wetsuits. Moreover, drysuits play a pivotal role in cold water environments, extending the diving season by offering insulation against chilly temperatures. North America dominated the market with a share exceeding 38% in 2023. The region is set for significant growth, fueled by rising participation in recreational diving, heightened awareness of underwater conservation, and a burgeoning trend in adventure tourism. Strong economic conditions and robust infrastructure for water-based activities further solidify North America's stature in the scuba diving market. As demand for premium equipment and services rises, North America stands out as a pivotal growth center in the evolving scuba diving landscape.

Table of Contents

180 Pages
Chapter 1 Research Methodology
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Executive Summary
2.1 Industry 360° synopsis, 2018-2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2024 - 2032
2.2.1.1 TAM trends
2.3 Equipment trends
2.4 Consumer group trends
2.5 Distribution channel trends
2.6 Price range trends
2.7 End-user trends
2.8 Regional trends
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Raw material supplier
3.1.2 Component Supplier
3.1.3 Technology Provider
3.1.4 Manufacturer
3.1.5 Distributors
3.1.6 End Users
3.2 Supplier landscape
3.2.1 Supplier landscape
3.3 Pricing analysis
3.3.1 North America 3.3.2 Europe
3.3.3 Asia Pacific
3.3.4 Latin America
3.3.5 MEA
3.4 Commercial diving services business mode and process
3.4.1 Business Mode
3.4.1.1 Service offerings
3.4.1.2 Target markets
3.4.1.3 Revenue streams
3.4.1.4 Competitive landscape
3.4.1.5 Pricing strategy
3.4.2 Process analysis
3.4.2.1 Operation workflow
3.4.2.2 Safety and compliance
3.4.2.3 Technology and equipment
3.4.2.4 Human resource
3.4.2.5 Logistics and supply chain
3.4.2.6 Marketing and branding
3.4.2.7 Financial management
3.5 Distribution and market channel analysis
3.5.1 Overview
3.5.2 Market reach and accessibility
3.5.3 Channel analysis
3.5.4 Cost analysis
3.5.5 Efficiency and effectiveness
3.5.6 Customer experience and satisfaction
3.6 Downstream customers analysis
3.6.1 Demographic segmentation
3.6.2 Customer needs and preferences analysis
3.6.3 Satisfaction and loyalty assessment
3.6.4 Evaluation of market trends and competitors
3.6.5 Customer feedback and reviews
3.7 Technology and innovation landscape
3.7.1 Advanced Breathing Systems
3.7.2 Smart Regulators
3.7.3 Dive Computers
3.7.4 Navigation Aids
3.7.5 Environmental Sensors
3.8 Key news and initiatives
3.9 Patent analysis
3.10 Regulatory landscape
3.10.1 North America
3.10.1.1 Occupational Safety and Health Administration (OSHA) Regulations
3.10.1.2 American National Standards Institute (ANSI) Standards
3.10.1.3 Underwater Society of America (USOA) and Diver Certification Agencies
3.10.1.4 Canadian Standards Association (CSA) Standards
3.10.2 Europe
3.10.2.1 Personal Protective Equipment (PPE) Regulation (EU) 2016/425
3.10.2.2 Pressure Equipment Directive (PED) (2014/68/EU)
3.10.2.3 EN 250 (Breathing Apparatus)
3.10.2.4 EN 144-1 (Diving Suits)
3.10.2.5 ISO 7220 (Scuba Diving Equipment)
3.10.3 Asia Pacific
3.10.3.1 Australian Standards (AS)
3.10.3.2 JIS Standards for Diving Equipment
3.10.3.3 GB/T 20729-2006 (General Requirements for Diving Equipment)
3.10.3.4 Marine Department Regulations
3.10.3.5 Ministerial Regulation No. 58/2014 on Marine Safety
3.10.3.6 Marine Environment Management Act
3.10.3.7 Coastal Regulation Zone (CRZ) Notification
3.10.4 Latin America
3.10.4.1 Consumer Protection Code (Law No. 8,078/1990)
3.10.4.2 Biodiversity Law (Ley de Protección y Defensa al Usuario de Servicios Financieros)
3.10.4.3 Occupational Health and Safety Law (Ley de Higiene y Seguridad en el Trabajo, Law No. 19,587)
3.10.4.4 Adoption of International Standards
3.10.5 MEA
3.10.5.1 Federal Law No. 23 of 1999 on the Regulation of the Fisheries and Aquaculture Sector
3.10.5.2 Regulations by the Saudi Commission for Tourism and National Heritage (SCTH)
3.11 Industry impact forces
3.11.1 Growth drivers
3.11.1.1 Rising disposable incomes and surging coastal tourism
3.11.1.2 Technological advancements in scuba diving equipment
3.11.1.3 Increasing government initiatives and policies to develop and promote travel & tourism
3.11.1.4 Rising interest in adventure sports
3.11.2 Industry pitfalls and challenges
3.11.2.1 Limited accessibility and awareness
3.12 Growth potential analysis
3.13 Porter's analysis
3.14 PESTEL analysis
3.15 Consumer insights analysis
3.15.1 Consumer Segmentation Insights
3.15.1.1 Demographic insights
3.15.1.2 Psychographic insights
3.15.1.3 Behavioral insights
3.15.2 Trends and preferences
3.15.3 Case studies
3.15.3.1 Deep Blue Marine Services
3.15.4 Market opportunities
3.15.5 Strategic recommendations
3.16 Impact of regional situation on commercial diving services industry
3.16.1 Economic impacts
3.16.2 Social and behavioral impact
3.16.3 Political impact
3.16.4 Case studies
3.16.4.1 North Sea - Geopolitical Tensions and Energy Transition
3.16.4.2 Asia-Pacific - Rapid Infrastructure Development and Technological Advancements
3.16.5 Business impact
3.16.6 Mitigation strategies and recommendations
3.16.7 Future outlook
3.17 Impact of inflation on the commercial diving services industry
3.17.1 Economic impact
3.17.2 Impact on pricing strategies
3.17.3 Social and behavioral impact
3.17.4 Case studies
3.17.4.1 Halliburton
3.17.5 Business impact
3.17.6 Competitive landscape
3.17.7 Mitigation strategies and recommendations
3.17.8 Future outlook
3.18 Impact of Artificial Intelligence (AI) transformation on commercial diving services industry
3.18.1 Major AI technologies adopted
3.18.2 Adoption rate, 2024 & 2032 (%)
3.18.3 Key benefits
3.18.4 Operational impacts
3.18.5 Case studies
3.18.5.1 Subsea 7
3.18.5.2 Oceaneering
3.18.6 Competitive landscape
3.18.7 Market opportunities
3.18.8 Mitigation strategies and recommendations
3.18.9 Future landscape
3.19 Economic development and climate change analysis
3.19.1 Overview on economic development
3.19.2 Overview on climate change
3.19.3 Physical impacts and economic costs
3.19.4 Productivity and employment
3.19.5 Government regulations and policies
3.19.6 Adaptation and mitigation strategies
3.19.7 Economic opportunities and innovations
3.19.8 Future landscape
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Scuba Diving Equipment Market, By Equipment Type
5.1 Key trends
5.2 Diving masks & goggles
5.3 Regulators & octopuses
5.4 Buoyancy Control Devices (BCDs)
5.5 Wetsuits & Drysuits
5.6 Fins
5.7 Others
Chapter 6 Scuba Diving Equipment Market, By Consumer Group
6.1 Key trends
6.2 Men
6.3 Women
Chapter 7 Scuba Diving Equipment Market, By Distribution Channel
7.1 Key trends
7.2 Online Retailers
7.3 Super Markets and Hyper Markets
7.4 Specialty Store
Chapter 8 Scuba Diving Equipment Market, By Price Range
8.1 Key trends
8.2 Low-mid end Equipment
8.3 High-end Equipment
Chapter 9 Scuba Diving Equipment Market, By End User
9.1 Key trends
9.2 Recreational Divers
9.3 Professional Divers
9.4 Military and Public Safety Divers
Chapter 10 Scuba Diving Equipment Market, By Region
10.1 Key trends, by region
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Latin America
10.6 MEA
Chapter 11 Company Profiles
11.1 Akona
11.1.1 Global Overview
11.1.2 Market/Business Overview
11.1.3 Financial data
11.1.4 Product Landscape
11.1.5 SWOT analysis
11.2 Apeks Marine Equipment Ltd.
11.2.1 Global Overview
11.2.2 Market/Business Overview
11.2.3 Financial Data
11.2.4 Product Landscape
11.2.5 Strategic Outlook
11.2.6 SWOT Analysis
11.3 Aqalung Group
11.3.1 Global Overview
11.3.2 Market/Business Overview
11.3.3 Financial Data
11.3.4 Product Landscape
11.3.5 Strategic Outlook
11.3.6 SWOT Analysis
11.4 Atomic Aquatics
11.4.1 Global Overview
11.4.2 Market/Business Overview
11.4.3 Financial Data
11.4.4 Product Landscape
11.4.5 Strategic Outlook
11.4.6 SWOT Analysis
11.5 Beuchat International S.A.
11.5.1 Global Overview
11.5.2 Market/Business Overview
11.5.3 Financial Data
11.5.4 Product Landscape
11.5.5 SWOT Analysis
11.6 Cressi Sub S.p.A.
11.6.1 Global Overview
11.6.2 Market/Business Overview
11.6.3 Financial Data
11.6.4 Product Landscape
11.6.5 SWOT Analysis
11.7 Dive Rite
11.7.1 Global Overview
11.7.2 Market/Business Overview
11.7.3 Financial Data
11.7.4 Product Landscape
11.7.5 SWOT Analysis
11.8 Hollis
11.8.1 Global Overview
11.8.2 Market/Business Overview
11.8.3 Financial Data
11.8.4 Product Landscape
11.8.5 SWOT Analysis
11.9 Hollis Gear Inc.
11.9.1 Global Overview
11.9.2 Market/Business Overview
11.9.3 Financial Data
11.9.4 Product Landscape
11.9.5 Strategic Outlook
11.9.6 SWOT Analysis
11.10 IST Sports Corp.
11.10.1 Global Overview
11.10.2 Market/Business Overview
11.10.3 Financial Data
11.10.4 Product Landscape
11.10.5 SWOT Analysis
11.11 Johnson Outdoors Inc. (SCUBAPRO)
11.11.1 Global Overview
11.11.2 Market/Business Overview
11.11.3 Financial Data
11.11.3.1 Sales Revenue, 2021-2023
11.11.4 Product Landscape
11.11.5 Strategic Outlook
11.11.6 SWOT Analysis
11.12 Mares S.p.A.
11.12.1 Global Overview
11.12.2 Market/Business Overview
11.12.3 Financial Data
11.12.4 Product Landscape
11.12.5 Strategic Outlook
11.12.6 SWOT Analysis
11.13 Oceanic Worldwide
11.13.1 Global Overview
11.13.2 Market/Business Overview
11.13.3 Financial Data
11.13.4 Product Landscape
11.13.5 Strategic Outlook
11.13.6 SWOT Analysis
11.14 Scubapro-Uwatec
11.14.1 Global Overview
11.14.2 Market/Business Overview
11.14.3 Financial Data
11.14.4 Product Landscape
11.14.5 SWOT Analysis
11.15 Seac Sub S.p.A.
11.15.1 Global Overview
11.15.2 Market/Business Overview
11.15.3 Financial Data
11.15.4 Product Landscape
11.15.5 SWOT Analysis
11.16 Sherwood Scuba
11.16.1 Global Overview
11.16.2 Market/Business Overview
11.16.3 Financial Data
11.16.4 Product Landscape
11.16.5 SWOT Analysis
11.17 Suunto Oy
11.17.1 Global Overview
11.17.2 Market/Business Overview
11.17.3 Financial Data
11.17.4 Product Landscapes
11.17.5 SWOT Analysis
11.18 Hendorson DiveWear
11.18.1 Global Overview
11.18.2 Market/Business Overview
11.18.3 Financial Data
11.18.4 Product Landscape
11.18.5 SWOT Analysis
11.19 XDeep
11.19.1 Global Overview
11.19.2 Market/Business Overview
11.19.3 Financial Data
11.19.4 Product Landscape
11.19.5 SWOT Analysis
11.20 Zeagle Systems
11.20.1 Global Overview
11.20.2 Market/Business Overview
11.20.3 Financial Data
11.20.4 Product Landscape
11.20.5 SWOT Analysis

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