Analysts at Ken Research in their latest publication “Global Scuba Diving Equipment Market Outlook to 2022 – by Equipments (BCD’s & Regulators, Cylinders & Propulsion Vehicle, Decompression Chamber, Exposure Suits and Accessories), by Region (Americas, Europe, APAC & MEA), by Distribution Channel (Company Stores and Specialty Stores, Online, Hypermarkets and Others)” believe that acquisition or merger between protective gear and sportswear manufacturers and the major equipment manufacturers and growing interest among the people for underwater photography will aid the global scuba diving equipment market growth in future.
Global scuba diving equipment market is set to witness an increased focus of the major players on technological advancements made in the product offerings. In the coming years, the market is expected to see an increase in the number of innovative products and scuba diving accessories. A rise in the female participation rates are expected to induce the players to launch the sports-wear in different prints, colors and sizes to cater to the growing and varying demand for swimwear in the country. While considering the geographical domination, the Americas is expected to be the leading region in the scuba diving equipment market. The region’s growth can be attributed to the rising number of both inland and outdoor scuba diving facilities and growing interest among the people for underwater photography. The US is expected to be the leading country in the sport owing to its richness in the scuba ding infrastructure and presence of scuba diving enthusiasts. Also, an increased number of scuba diving tournaments are being organized worldwide, further propelling the growth of the market. For instance, Le salon de la plongée Paris 2018 is a scuba diving event scheduled to be held in Paris in 2018. The market is expected to grow at a CAGR close to 4%during the forecast period 2018E to 2022E.
- The recent wave of environmental vigilantism around the world has ignited interest for underwater photography in professionals and recreational divers. Scuba diving is being marketed as a sport for environmental conservation and major companies have used this trend to market their equipments accordingly.
- Regulators in the price range of USD 350-USD 650 are the highest selling scuba diving products in the market. These are generally bought by retail customers through company stores and specialty stores. Whereas, Wet suits priced between USD 100-USD 300 are highest selling primarily sold through hypermarkets and online websites.
- The US has been the market leader in terms of manufacturing and consumption demand of scuba diving equipments worldwide. Leading players in the region include Aeris, American Underwater Products (AUP), Aqua Lung International, Cressi-sub, Dive-Rite, Diving Unlimited International (DUI), Henderson Sports Group, Johnson Outdoors and Sherwood Scuba. These players would dominate the competition landscape even in the forecast period due to higher investments done towards new product launches and brand marketing activities.
- Indonesia, Hong Kong, Taiwan, Thailand and Singapore have been major countries in APAC facilitating fast-pace growth in the market. These regions would dominate in the coming future with rise in both consumption and production activities.
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